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THE “xenophobic” attitude of many Bahamians towards foreign investors is hurting this nation’s Ease of Doing Business ranking, a well-known businessman arguing that the Government needed to tackle “the bureaucracy that sits below them” as a national priority.
Long Island’s Stella Maris resort is already posting 80 per cent occupancy levels for the Christmas/New Year holidays, its general manager saying that apart from cut-off tree stumps “no visitor would realise a hurricane came through here”.
THERE are many small, medium and large businesses in the Bahamas who, on their own admission, would love to enter the global arena by exporting their goods and services throughout the region and world.
MOST Caribbean countries cannot sustain their existing size of government, a regional economist telling Tribune Business they needed to look at facilitating greater investment across the region.
FREEPORT-based auto dealers are hoping that write-ups from the recent Auto Show translate into more sales, one describing the industry’s current duty rates/structure on vehicle imports as an “uphill battle”.
A BAHAMIAN auto dealer believes the Government will not implement age restrictions on Japanese used vehicle imports, despite being petitioned to do so numerous times by the Bahamas Motor Dealers Association (BDMA).
THERE are many small, medium and large businesses in the Bahamas who, on their own admission, would love to enter the global arena by exporting their goods and services throughout the region and world.
Cable Bahamas is seeking ‘fast track’ approval for one of its US acquisitions by December 15, Tribune Business can reveal, on the grounds that it would be exposed to “a substantial financial loss” if the deal failed to close by that date.
CIBC FirstCaribbean International Bank (Bahamas)has made a $25,000 donation towards the revitalisation of Nassau’s city centre.
A leading Bahamian auto dealer yesterday backed the Government’s move to switch the industry’s duty structure to one based on import size, but railed against rates that are “strangling” new car and commercial sales.
TEN UBS (Bahamas) employees were laid-off yesterday, executives confirming that the Swiss banking giant was proceeding with the realignment of its business model.
A $30 billion New York asset management firm is “very close” to having a $74 million bid to acquire the British Colonial Hilton hotel accepted, Tribune Business has been told.
BAHAMAS Speed Week Revival organisers said yesterday they were looking to generate at least 1,000 room nights, and hope to get close to breaking even this year after investing nearly $2 million in the upcoming event.
When planning to visit an unfamiliar place on holiday or business, I always call on Google maps to find out how to get there first. Very much the same applies to beginning a start-up company or any other project. You need a vision of how you are going to get there, and what it is you’ll need along the way.
Prime Minister Perry Christie has met with visiting religious media personnel from across the USand Canada.The group led by the Bahamas Ministry of Tourism’s deputy director for the religious market, Linville Johnson, visited Nassau and Grand Bahama on their recent trip.
THE MINISTER of Financial Services said yesterday that the Bahamas should develop insurance as a major component of the financial services industry, telling Tribune Business that domestic underwriters could participate in the international insurance market via collaboration with traditional financial providers.
Colina Holdings (Bahamas) yesterday said net income available to ordimary shareholders had more than quintupled year-over-year, hitting $7.1 million for the first nine months of 2012 compared to $1.3 million last year.
The MINISTER of Financial Services yesterday said he was in the process of forming a Foreign Account Tax Compliance Act (FATCA) team to“proceed with haste” with an assessment of the second model Intergovernmental Agreement released by the US Treasury Department.
Cable Bahamas is seeking ‘fast track’ approval for one of its US acquisitions by December 15, Tribune Business can reveal, on the grounds that it would be exposed to “a substantial financial loss” if the deal failed to close by that date.
A Bahamian auto dealer yesterday told Tribune Business he was facing a ‘double whammy’, with a 15-20 per cent drop in year-over-year used car sales meaning they were unable to compensate for new model woes.
The former minister of the environment asked that the Attorney General’s Office “authenticate” the 25-year water franchise agreement between the Government and New Providence Development Company (NPDevCo), Tribune Business can reveal.
The BAHAMAS Electricity Corporation’s (BEC) executive chairman yesterday said it could save a minimum $60 million annually in fuel costs through the procurement of three new engines for the Clifton Pier power station, telling Tribune Business the benefits would ultimately be passed on to consumers.
The Bahamian casino industry can “double the size of the win” if proposed reforms are enacted, a senior hotel executive saying it would give this nation “bragging rights” in attracting new and current gamblers.
The Water & Sewerage Corporation would incur further losses if it attempted to supply western New Providence, its immediate past president yesterday telling Tribune Business the utility “just doesn’t have the capacity” to meet that extra demand.
Although both web and print designs have a common ancestry, it is necessary to understand that they have many differences and similarities. Recognising these (differences and similarities) can determine the route one takes, skills acquired and the company they choose.