Treasure Cay seeks $59m purchase to ‘maximise potential’
The Treasure Cay Resort Marina and Golf Course is seeking a buyer that will take the area to its “maximum potential”, Tribune Business has been informed.
Marathon generates $2.3m visitor spend
MARATHON Bahamas organisers have disclosed that the 442 international runners in this year’s event helped generate around 1,600 hotel room nights and $2.3 million in visitor spending.
URCA rejects industry’s spectrum fee proposals
Regulators have rejected calls by the Bahamas’ two leading communications providers that radio spectrum fees be based on administrative costs, finding that this would “not maximise” the potential benefits to society.
40% low on Business Licence Compliance
The one-month Business Licence filing period is designed to boost compliance rates that have fallen as low as 40 per cent, a Cabinet Minister said yesterday, while promising that the Government will not employe “a sledgehammer” approach.
Accountants warn Business Licence date ‘impractical’
The Bahamas Institute of Chartered Accountants (BICA) has warned the Government that its end-January deadline for Business Licence filing is “significantly challenging”, and threatens to “undermine” the quality of return certifications.
Gov’t ‘not abandoned’ fiscal responsibility, greater transparency
A Cabinet Minister yesterday backed the need for greater Government transparency and accountability over its finances, and pledged that it had “not abandoned” consultation on Fiscal Responsibility-type legislation.
Exchange control reforms imminent
Further steps to liberalise the Bahamas’ exchange control regime will be announced within the next several weeks, a Cabinet Minister yesterday suggesting they would boost the “ease of doing business”.
GB Power’s storm insurance fund delayed one year
The implementation of Grand Bahama Power Company’s hurricane ‘self-insurance’ fund has been pushed back one year until January 2017 under its newly-approved tariff structure.
Drinks producer’s lime ‘nightmare’
A Bahamian beverage producer has been forced by the “ridiculously” high cost of limes to instead use concentrate in his ‘Switcha’ product line, saying: “It was a matter of survival.”
Web shop foundation to benefit 12 entrepreneurs
The Island Luck Cares Foundation yesterday unveiled the second edition of its OWN Bahamas entrepreneurship initiative, the web shop chain’s chief executive revealing that 12 successful applicants will receive grant funding.
‘Preposterous’ for PM to take Baha Mar credit
An Opposition MP yesterday said it was “preposterous” that Prime Minister Perry Christie believes he should be applauded for his efforts on Baha Mar, when the Government’s actions had helped created the $3.5 billion development’s predicament.
GB Power clients ‘escape’ 4.5% rise
Grand Bahama Power Company yesterday said its decision to defer new generation investment had enabled customers to escape a 4.5 per cent base rate “charge” that would have been added to their bills.
Gov’t rescues CLICO policies at ‘11th hour’
The Prime Minister may have prevented the cancellation of medical insurance for hundreds of Bahamians yesterday by confirming the Government has finally approved a ‘rescue plan’ for CLICO (Bahamas).
GB residents to gain $3m energy windfall
Hard-pressed Grand Bahama residents will have a collective $3 million returned to them as a result of their energy provider’s revised tariff structure, Tribune Business was told yesterday.
Port tax breaks to gain further 6-month life
Prime Minister Perry Christie yesterday said the Government will extend the Hawksbill Creek Agreement‘s (HCA) expiring tax incentives for a further six months, with the House of Assembly called on to approve the move next week.
