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Excise Tax snafu stymies start-up's 60 hires plan
A Bahamian-owned tobacco manufacturing start-up said yesterday it would pursue legal action as a “last resort” if it is unable to obtain an Excise Tax exemption on domestic sales, adding that its business model had been thrown “totally out of whack”.
GOVT LIKELY TO SELL 40% PORT EQUITY STAKE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PRIME Minister Hubert Ingraham yesterday said he expects the Government to eventually sell its 40 per cent stake in Arawak Cay Port Development Company (APD), allowing the Nassau Co
Quotes from the day
Quotes from the day Paul Moss, Independent Garden Hills It's going pretty well, I think though that since we've been doing elections we should have had a better coordination with respect to buildings that we use this building while it can accomodate the
DNA LEADER BLASTS RIVALS ON ATLANTIS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DEMOCRATIC National Alliance (DNA) leader, Branville MCartney, last night heaped blame on both PLP leader Perry Christie and Prime Minister Hubert Ingraham over the continuing $2.5
PORT IPO HOLDING $1,150 MAXIMUM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MORE than 95 per cent of share subscriptions in the Arawak Port Development Company's (APD) $10 million initial public offering (IPO) were from individual investors, with subscripti
AUTO PARTS FIRM EYES $1.2M FREEPORT MOVE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AN Abaco businessman yesterday revealed he plans to invest between $1-$1.2 million in expanding his auto parts business to Freeport, telling Tribune Business it would become the dis
FOOD SECURITY NEEDS 'SHIFT IN PERCEPTION'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE needs to be a "shift in the perception" that the Bahamas cannot sustain itself, one produce executive telling Tribune Business: "We need to be able to feed ourselves at a basi
AUTO PARTS FIRM EYES $1.2M FREEPORT MOVE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AN Abaco businessman yesterday revealed he plans to invest between $1-$1.2 million in expanding his auto parts business to Freeport, telling Tribune Business it would become the dis
FOOD SECURITY NEEDS 'SHIFT IN PERCEPTION'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THERE needs to be a "shift in the perception" that the Bahamas cannot sustain itself, one produce executive telling Tribune Business: "We need to be able to feed ourselves at a basi
BAHAMAS AND CANADA TIEA 'WILL CEMENT RELATIONSHIP'
THE Tax Information Exchange Agreement (TIEA) between the Bahamas and Canada which came into force last week "will further cement the relationship between the two countries" it was stated yesterday. In a bulletin from the law firm of Higgs and Johnson it
FIDELITY BANK COMPLETES THE LISTING PROCESS FOR SHARES
THE Bahamas International Stock Exchange (BISX) announced yesterday that Fidelity Bank (Bahamas) Limited had successfully completed the listing process for its Series A preference shares. In a statement by BISX yesterday it was stated that the shares are
FIDELITY BANK COMPLETES THE LISTING PROCESS FOR SHARES
THE Bahamas International Stock Exchange (BISX) announced yesterday that Fidelity Bank (Bahamas) Limited had successfully completed the listing process for its Series A preference shares. In a statement by BISX yesterday it was stated that the shares are
BAHAMAS AND CANADA TIEA 'WILL CEMENT RELATIONSHIP'
THE Tax Information Exchange Agreement (TIEA) between the Bahamas and Canada which came into force last week "will further cement the relationship between the two countries" it was stated yesterday. In a bulletin from the law firm of Higgs and Johnson it
$10m Port IPO oversubscribed before public sector advance
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE $10 million Arawak Cay Port Development (APD) initial public offering (IPO) was already oversubscribed prior to the Government offering an interest-free salary advance for civil
FORUM TO EXAMINE KEY FINANCIAL LAWS
Several pieces of financial services legislation passed at-end 2011 will be looked at in depth during an upcoming seminar enititled, The Bahamas Advantage: An Evolving and Dynamic Legislative Regime. The Bahamas Financial Services Board (BFSB) will partne
Airlift credit 'exceeds wildest expectations'
Airlift credit 'exceeds wildest expectations' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE MINISTER of Tourism and Aviation said yesterday that several initiatives were being examined to boost airlift to this jurisdiction
Airlift credit 'exceeds wildest expectations'
Airlift credit 'exceeds wildest expectations' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE MINISTER of Tourism and Aviation said yesterday that several initiatives were being examined to boost airlift to this jurisdiction
Airlift credit 'exceeds wildest expectations'
Airlift credit 'exceeds wildest expectations' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE MINISTER of Tourism and Aviation said yesterday that several initiatives were being examined to boost airlift to this jurisdiction
IDB unveils small business grant plan
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Inter-American Development Bank (IDB) yesterday launched its Compete Caribbean Program in Nassau, giving potential Bahamian small business owners the opportunity to exploit inve
GOV'T TARGETS RENEWABLE ENERGY FUNDING GROWTH
THE Government is seeking to establish new funding mechanisms as it expands its renewable energy infrastructure, the Minister of State for the Environment said recently. Speaking at the official launch of the solar water heater and solar photovoltaic (PV
