Local Business


$40m investment drops ex-Royal Oasis manager

A $40 million private island resort project targeting the Exuma Cays believes it will create around 200 construction, and 50 full-time, jobs, having dropped the management company initially tapped to operate the property.

BFR implores government to go with VAT 'exclusive' pricing

The Bahamas Federation of Retailers (BFR) has said that VAT “exclusive” pricing, as opposed to VAT “inclusive” pricing, is essential to the success of the government’s attempt at reforming the existing tax structure.

Cabinet Minster: legal profession must 'open up'

A Cabinet Minister yesterday made a renewed appeal for the Bahamian legal profession to open up to specialist foreign firms, arguing this was essential to grow the financial services industry’s business volumes.

Airport overhaul set to cost $185m

The Government is estimating that a $185 million investment is necessary for a “complete overhaul” of all the Bahamas’ 28 airports, with only six identified as key ‘port of entry’ gateways that can be economically sustainable.

Automatic tax exchange 'fundamentally flawed'

A Cabinet Minister yesterday said current proposals for the global automatic exchange of tax information are “fundamentally flawed”, and would impose “impossible obligations” on the Bahamas.

'Brand Bahamas' needed to make Asian inroads


GB Chamber unveils its award nominees

The Grand Bahama Chamber of Commerce will recognise businesses and entrepreneurs who have demonstrated commitment to community building at the this Saturday’s fifth annual Business Excellence Awards ceremon at the Regency Theatre.

Weaving a design for web and print

Designing for print media, as opposed to designing for the Internet, can be a completely different experience. To better understand these differences, each has to be viewed through areas such as types of media, audience, layout, colour, technology and careers.

BTC chief calls for an Internet Exchange Point

The Bahamas Telecommunications Company’s (BTC) chief executive has urged the Government to lead the way in making the Bahamas a regional hub for information and communications technology (ICT).

Financial services award judges meet

The Blue Ribbon Panel appointed to determine the winners for the 2014 financial services Industry Excellence Awards has held its first meeting to consider the nominations.

Grand Bahama tourism sector educated on VAt

Tourism-related businesses throughout Grand Bahama gathered at a Bahamas Hotel and Tourism Association (BHTA) facilitated Value-Added Tax (VAT) workshop in Freeport on Monday.

SEC: Broker discovery objections ‘baseless’

US regulators have blasted a former Bahamian broker/dealer and its principal for allegedly using “baseless legal restrictions” to explain why they cannot produce documents relevant to their ongoing New York legal battle.

Nygard names FNM in alleged conspiracy

Peter Nygard’s US attorneys have alleged that two Judicial Review actions challenging construction activity at his Lyford Cay home are part of a wider conspiracy involving the Free National Movement (FNM).