Local Business


BEC bills won't show 25% oil price decline

Hard-pressed Bahamian energy consumers will not reap the benefits from a 25 per cent drop in global oil prices because BEC’s fuel supplier has it “by the balls” over its $130 million debt.

Auto dealers fear VAT 'perfect storm'

Bahamian auto dealers yesterday said they feared Value-Added Tax (VAT) would combine with a flat economy to create “another perfect storm”, with new car sales still 45 per cent below their 2007 peak.

'Changing night to day' easier than VAT prices

The Government’s insistence on Value-Added Tax (VAT) inclusive pricing will create “unnecessary work” for Price Control as well as the retail industry, a leading operator saying yesterday: “We could change night into day easier than this.”

Bahamas' 'dangerous' fall in Business ease rankings accelerates

The Bahamas’ “disturbing and dangerous trend” of falling in the World Bank’s Ease of Doing Business rankings accelerated yesterday, with this nation slumping another 13 places to 97th spot - dropping into the world’s bottom half.

Fisheries chief: Visiting boaters cost us millions

A leading fisherman yesterday gave his “100 per cent” backing to Eric Carey’s comments over the economic contribution of visiting boaters, charging that the Bahamas was losing “millions of fisheries dollars” to Florida day-trippers alone.

Domestic counter to US conch exports ban

Bahamian fishermen said yesterday that while there was “concern” over a potential ban on Queen Conch exports to the US, domestic consumption should mitigate any shortfall.

Bahamian engineers told to seek more foreign JVs

Bahamian companies should seek foreign joint venture partnerships to present a more “complete package” to Government when bidding on contracts, a leading Bahamian engineer said yesterday, suggesting this was an area where many were ‘falling down’.

Resorts World: Project sparks new businesses

Resorts World Bimini says its project has led to the opening of several new business ventures on the island.

Bahamian realtor acted for China in Hilton deal

A Bahamian real estate firm, Cross & Mosko Real Estate & Development Company, represented China State Construction America (CCA) in its purchase of the British Colonial Hilton hotel.

Not just 'any old thing'

Almost anyone involved, in, or interested in, art has heard someone say: “Art is everything.” Is it really? Can everything or anything be art? Are there limits to what is acceptable and who decides? These are probably the most debated and discussed questions among designers, artists, collectors and art historians.

Entrepreneuer meets US embassy official

A Bahamian entrepreneur this week paid a courtesy call on the US Embassy’s charg� d’affaires, Lisa Johnson, following his recent participation in the US State Department-sponsored International Visitor Leadership Programme.

BICA involved in anti corruption meetings

The Bahamas Institute of Chartered Accountants (BICA) has been involved in a series of meetings over follow-up mechanisms for the Implementation of the Inter-American Convention against Corruption (MESICIC).

BICA participates in financial crime risk assessment

The Bahamas Institute of Chartered Accountants (BICA) participated in the Money Laundering/Terrorist Financing National Risk Assessment workshop at the Melia Nassau Beach Hotel.

Near rock-bottom renewable ranking 'speaks for itself'

The Bahamas’ continued near-rock bottom ranking among developing nations for renewable energy adoption “speaks for itself”, industry players said yesterday amid renewed calls for “clear” government policies to spark the industry’s growth.

Nygard footage subpoena granted

A US judge yesterday granted Louis Bacon and Save the Bays the authority they were seeking to subpoena ‘whistleblower’ video footage for use in their legal battles with Peter Nygard, leaving the Bahamian judicial system to determine whether this is “admissible”.