Miami-based developer ‘to buy Grand Lucayan’
A Miami-headquartered developer boasting $10bn in resort and real estate assets is the potential Grand Lucayan purchaser locked in negotiations with the Davis administration, Tribune Business can confirm.
Trump tariffs ‘very bad news’ for The Bahamas
Donald Trump’s decision to levy tariffs on Chinese, Canadian and Mexican imports is “definitely very bad news” for Bahamians as it will likely increase prices for multiple goods, businesses warned yesterday.
Food cost rise concerns over new safety regime
Farmers and other Bahamian food-related businesses are voicing fears they may be forced to increase prices due to the mandates of a new health and safety regulatory regime that is now being enforced.
Tax chief hoping for 80-85% compliance on Business Licence
A senior Department of Inland Revenue executive is hoping 80-85 percent of Bahamian companies met Friday’s Business Licence filing deadline so that financial penalties are kept to a minimum.
Cable warns 5G is ‘not viable’ in medium-term
Regulators will press ahead this year with plans to facilitate fifth generation (5G) mobile roll-out despite Cable Bahamas’ warning that the technology is “not commercially viable” in the medium-term.
IAN FERGUSON: How to design mentoring programmes that work
In an era where job loyalty is increasingly rare, and employees are quick to seek better opportunities, retaining top talent has become a formidable challenge for corporate leaders. Although most Fortune 500 companies have mentoring programmes, very few staff actually benefit from them. Mentorship initiatives require great sensitivity in design if they are to experience any significant measure of success.
BPL warns Eleuthera to brace for ‘a little bit of growing pain’
Bahamas Power & Light (BPL) executives yesterday revealed that Eleuthera will experience “a little bit of growing pain” as the utility initiates a 90-day plan to resolve the island’s frequent power outages.
Marinas voice concern over tax hike fall-out
Marinas and yacht brokers yesterday blamed tax hikes and especially the addition of 10 percent VAT to foreign yacht charter fees for a drop-off in business in recent years.
Tourism? GB doesn’t have enough hotels for corporate
A top resort operator says never mind tourism because Grand Bahama presently lacks sufficient hotel rooms to accommodate Grand Bahama Shipyard’s expansion and other corporate travellers.
Briland resorts clash on Pink Sand Beach usage
An Eleuthera resort developer’s bid to launch Judicial Review proceedings after it clashed with a rival Briland resort over beach usage has been rejected by the Supreme Court.
Bran hits out on ‘unfair’ pharmacy competition
A former Democratic National Alliance (DNA) leader yesterday urged the Government to tackle “unfair competition” in the pharmaceutical industry caused by wholesale drug suppliers also owning retail outlets.
Sarkis attacks ‘conspiracy’ over his Baha Mar ousting
Baha Mar’s original developer yesterday slammed what he branded a “conspiracy” involving the former Christie administration to oust him while defending his decision to seek Chapter 11 bankruptcy protection.
Arawak Cay restaurant shut down by regulator
Food safety regulators have confirmed that Arawak Cay-based Bruno’s Seafood and Steakhouse was shut down due to sanitary and Business Licence-related concerns.
Union challenge to Gov’t injunction is pushed back
The potential challenge to the Supreme Court injunction that sent the doctors, nurses and air traffic controllers back to work after a two-day sick-out has been adjourned from its planned January 28 hearing.
CIBC Caribbean’s Bahamas chief taking early retirement
CIBC Caribbean yesterday unveiled changes to its region-wide country management structure which will see its present Bahamas managing director, Dr Jacqui Bend, step down and take early retirement.
