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MINISTER of Financial Services Ryan Pinder said yesterday that the Bahamas was enhancing its preparations for the implementation of the Foreign Account Tax Compliance Act (FATCA), telling Tribune Business his ministry was seriously committed to ensuring that local financial institutions were ready.
I'M constantly amazed at the few real benefits some businesses receive for the dollars they shell out on training, and the number of promises they receive in return for them instead. It's the support trainees receive from management as they try to implement their new ideas that should count, as opposed to the brickbats they more often receive from colleagues.
CARIBBEAN Bottling Company (Bahamas) yesterday said it was targeting end-July/early August for the launch of new 'low juice fruit' and energy drinks, its president and chief executive yesterday telling Tribune Business that flat year-over-year sales volumes were helping to keep price increases at bay.
THE Bahamas Financial Services Board's (BFSB) immediate past chairman yesterday urged the Bahamas to look beyond financial services when seeking to attract Asian and Brazilian investors to these shores, after the 2012 World Wealth Report identified both regions as the fastest growing market for high net worth individuals.
PRIME Minister Perry Christie yesterday described his meeting with the London-based chief executive of the Bahamas Telecommunications Company's (BTC) majority shareholder on Monday as "very cordial", stating he had reaffirmed his administration's position of seeking to regain the majority equity interest .
A leading fashion retailer is expanding its operations to western New Providence with the opening of its third store in the Old Fort Bay Town Centre, a move designed to increase market share and provide more convenience to a considerable section of its customer base.
COMMONWEALTH Brewery is this year targeting a "modest increase" over the 187,000 hectolitres it sold in 2011, its managing director yesterday saying it was ramping up marketing activity and remained "moderately positive" about its near-term prospects.
IF YOU want to build brand loyalty, one of the best ways is an event filled with pomp and circumstance.
THE Bahamas International Securities Exchange (BISX) yesterday confirmed the listing of Colina Holdings (Bahamas) $30 million worth of Class A Preference Shares on the exchange, bolstering its secondary market.
BAHAMIANS must not think the economy is "over the hump" despite projections it will grow by 2.8 per cent in 2012, a senior private sector official yesterday saying current anemic activity was likely to persist for "another 12-18 months".
THE Bahamas must be vigilant in combating rogue operators and counterfeit pharmaceutical suppliers, the Minister of Health said yesterday, describing the issue as a relatively new and emerging problem for the Bahamas.
More than $50 million will have been invested into an eastern New Providence real estate development by year-end, its chief executive telling Tribune Business
COMPLAINTS were widespread throughout the Bahamian business community yesterday after electricity and telephone services were disrupted for
A Bahamian general insurer yesterday said it was targeting "strong double digit growth" in its bottom line for 2012, its prior year results having been impacted by res
Members of the Coconut Grove Business League (CGBL) are aiming to meet with Minister of Works and Urban Development, Philip Davis, in a bid to r
The Bahamas Electricity Corporation's (BEC) frequent power outages were yesterday blasted as "outrageous" by a leading private sector figure, who said its "ridiculously expensive" and unr
The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday urged the Bahamas Telecommunications Company (BTC) to pay financial compensa
A Bahamian realtor has participated in an exclusive event hosted by the UK's largest real estate agency. George Damianos, president of Damianos Sotheby's International Realty, attended the event held by Countrywide at the Millennium Hotel in London. Count
The Government suffered a negative swing equivalent to 4.1 per cent of gross domestic product - worth more than $320 million - in its finances during the three month
A BAHAMIAN striping company yesterday questioned why a foreign rival had been contracted for major striping projects on New Providence, its presi
THE Bahamas has "pushed ourselves further into" the ranks of 'Third World' nations via the rapid rise in the national debt, with an International Monetary Fund (IMF) report warning this nation's 57.6 per cent debt-to-GDP ratio has passed the threshold at which it will act as "a drag" on its economic growth.
THE US government is seeking $95 million from a Canadian citizen charged with using a Freeport-based pharmacy, licensed by the Grand Bahama Port Authority (GBPA), to export and sell illegal prescription drugs to US citizens.
THE NASSAU Airport Development Company (NAD) believes more than $100 million has been directly injected into the Bahamian economy as a result of Lynden Pindling International Airport's (LPIA) $409.5 million redevelopment, with 70 per cent of construction workers employed on the project Bahamian.
ESTABLISHING a Bahamian international aircraft registry would earn this nation "well into the millions", an aviation legal expert has told Tribune Business, disclosing that a "conservative" study several years ago had estimated it could produce $18-$20 million in annual registration fees alone.
CREDITORS of an insolvent Bahamas-based bank and trust company are likely to recover just over 5 per cent of what is owed to them, its liquidator confirming to Tribune Business that a collective $14 million payment is currently being made to them.