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A leading realtor has backed a call by the Bahamas Real Estate Association (BREA) for the Government to reduce Stamp Tax by 2 per cent across the board, a recommendation he made publicly in May following the announcement the administratiion would lower rates on sales of high-end properties.
Major changes in the financial game often creep up almost unnoticed, without fanfare or formal proclamations.
A FREEPORT-based food retailer is expanding its operation to New Providence this summer by taking over the former Saveco store in Nassau Village, Tribune Business can reveal, in a move set to create around 100 jobs.
By NEIL HARTNELLA senior Bahamian banker has questioned whether complying with the US Foreign Account Tax Compliance Act (FATCA) could breach this nation’s financial services laws, and expressed concerns that institutions could be “caught between a rock and a hard place”.
The Government’s $4.416 billion national debt is “likely to get worse before its gets better”, a key Ministry of Finance adviser telling Tribune Business that key short-term financing facilities have been “maxed out”.
The Bahamas’ led all small island developing states (SIDS) by attracting $1.533 billion in foreign direct investment (FDI) inflows in 2011, a UN body’s report has revealed, although a senior private sector official said this nation “needs a bit more” to turn its economy around.
AML Foods believes its newly-opened Solomon’s Lucaya store will give it a collective 40-50 per cent share of Grand Bahama’s food retail market, with that outlet’s sales already “quite a bit ahead” of expectations.
Super Value's president yesterday told Tribune Business his three former City Markets stores could generate a collective $90 million in sales
DOCTORS Hospital Health Systems plans to re-open its Western Medical Plaza facility on September 1 after investing about $1.3
The Bahamas has failed to meet its first scheduled tariff reduction obligations under the Economic Partnership Agreement (EPA), Tribune Business has been told
Super Value's president has "not given up hope" that he could yet take over the former City Markets' lease at the Harbour Bay Shopping Centre, telling
Cable Bahamas has warned that failing to rebalance the Bahamas Telecommunications Company’s (BTC) fixed-line voice tariffs prior to creating a Universal Service Fund
William of Wykeham, in Hampshire, England, was born of peasant stock in 1324. When he died 80 years later he was one of the richest men in England, despite some business ups and down.
THE Bahamas Telecommunications Company (BTC) expects to have invested around $8 million when it completes it retail roll-out of around 35 stores.
A LUXURY gated community in western New Providence is 50 per sold on its first phase, a marketing executive told Tribune Business yesterday, with the developer eying the completion of an upscale clubhouse by month’s end.
Cable Bahamas has warned that mandating it expand its Internet and TV infrastructure to all Bahamian islands would impose
A leading New Providence real estate development is appealing a US court's rejection of its $12 million damages claim against two overseas
The Bahamian financial services industry must water the fertile ground created by the Bahamas Financial Services
The Bahamas Real Estate Association (BREA) has recommended to the Government that it reduce Stamp Duty on property deals by 2 percentage points
McKinney, Bancroft & Hughes yesterday confirmed it had become the latest Bahamian law firm to establish a Lyford Cay satellite
The winding-up of a former Bahamian broker/dealer whose principal pled guilty in the US to money laundering is close to completion,
Do you know that different colours have different psychological effects for human beings? Colour psychology is big business, and for a
Bahamian agriculture has been developing in an “ad hoc” manner for far too long, the Bahamas Agricultural Producers Association’s (BAPA) president telling Tribune Business yesterday that a market information management system, inclusive of crop forecasting, needs to be produced.
As the young marketing director watched my presentation on my monthly deliverables, I knew this would be the last day I would be working with this corporate client.
Bahamas Waste’s $269,784 2012 first quarter net income beat its own internal projections by 7 per cent, Tribune Business was told yesterday, with a $200,000 cash flow increase during the period leaving it well-placed to repeat last year’s dividend this year.