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Genting buys Bimini hotel site for $24.6m

Genting’s BB Entertainment subsidiary is investing $24.6 million to acquire a 6.6 hectare site upon which it is building a new 307-room hotel in Bimini.

Helicopter tour expands to drive business boost

A helicopter tour company is hoping to drive more business by opening a restaurant and bar on Bay Street, a move that will create an initial six to eight jobs.

Freeport's supply chain benefits pushed globally

A senior Grand Bahama Port Authority (GBPA) executive has presented Freeport’s potential advantages as an assembly and distribution hub to a global audience.

Food retailers to make renewed price control reform push post-VAT

The Retail Grocers Association has not abandoned its push for an increase in price control margins, with its members likely to make a renewed reform push once Value-Added Tax (VAT) implementation is behind them.

Commission unveils scholarship recipient

The Securities Commission of the Bahamas has selected Jarod Fowler as the first recipient of the Timothy B. Donaldson Apprenticeship Programme, which includes a four-year scholarship to the College of the Bahamas (CO) and simultaneous job training with the regulator.

Gov't VAT error slammed as 'downright ignorance'

The Government was yesterday accused of being “downright ignorant” on Freeport’s business environment, after a Value-Added Tax (VAT)-related blunder caused “widespread panic” among the city’s private sector.

Group 'emphatically' rejects City Meat pension solution

A group of former City Market employees have “emphatically” and “outright” rejected a preference share offering by the Finlayson family as an alternative security for their pensions, a spokesman told Tribune Business yesterday.

Indicted Bahamian: 'I can orchestrate fraudulent trades'

One of the two Bahamians indicted over a $500 million money laundering scheme allegedly told an undercover US federal agent he could “orchestrate” fraudulent securities trades and did this “all the time”.

Central Bank is 'still evaluating' Gaming Bill

The Central Bank of the Bahamas is “still evaluating” the Gaming Bill 2014 and accompanying regulations/legislation to determine whether they conform with international anti-money laundering standards, Tribune Business was told yesterday.

'Reinvest VAT monies in economy stimulus'

A Bahamian fraud expert has urged the Government to use some of its Value-Added Tax (VAT) windfall as an “economic stimulus”, and counter a likely initial increase in unemployment caused by the new tax.

Group ‘emphatically’ rejects City Meat pension solution

A group of former City Market employees have “emphatically” and “outright” rejected a preference share offering by the Finlayson family as an alternative security for their pensions, a spokesman told Tribune Business yesterday.

Food retailers echo VAT 'exclusive' price call

By NATARIO McKENZIE

Environmentalists express Bimini development fears

A group of international conservation experts has expressed serious concern over the environmental impact caused by the ongoing resort construction on Bimini.