Development Bank moves to forge international ties
The Bahamas Development Bank (BDB) is moving to forge strategic alliances with similar multilateral and international lending institutions, as part of its 2014-2018 strategic plan.
The faults that can damage your brand
Many people have become familiar with the damaged brands of General Motors, Target and Paula Deen Enterprises. Each of these entities made gross errors in their delivery of products and services, resulting in reduced customer loyalty and, ultimately, lower output and profits.
Bank celebrates sixth Cat Island anniversary
Bank of the Bahamas’ Cat Island branch has celebrated its sixth anniversary with a business reception, community sponsorships and appreciation day for customers. Head office representatives also travelled to Cat Island to attend the reception that was held at the branch in New Bight on June 4.
Atlantis cautious but group pace 25% faster
Atlantis’s top executive is remaining cautious despite a group booking pace for 2015 and 2016 that is 25 per cent faster than this year’s, adding of 2014 to-date: “We’re exactly where we thought we’d be.”
Insurance fear on inflationary impact from VAT
A leading Bahamian insurer has expressed concern about a potential “one-time” balance sheet hit if claims reserves are not sufficient to absorb the 7.5 per cent Value-Added Tax’s (VAT) inflationary impact.
Bahamians urged: 'Pull hard for Leon's success'
Bahamians employed by multinational companies were yesterday urged to “pull hard for Leon Williams to succeed” at the Bahamas Telecommunications Company (BTC), a leading businessman suggesting this could pave the way for them to take top executive posts.
Dissenter: Bimini dredge permit was 'rabbit out of hat'
Despite a dissenting judge finding that the “rabbit-like production” of a dredging permit “cannot pass muster”, the Court of Appeal majority yesterday ruled that the lower court was correct to remove the bar on Resorts World Bimini’s dredging.
Super Value chief: $200 minimum wage acceptable
Super Value’s owner yesterday said he could accept a 33 per cent increase in the weekly minimum wage to $200, agreeing that “nobody can live” on the existing $150 per week.
Bahamian resorts in improving trend
BAHAMIAN resorts appear to be trending towards a slight improvement in occupancy rates and overall room revenue for the first five months of 2014, the Bahamas Hotel and Tourism Association’s (BHTA) president said yesterday.
Bahamas pledges travel agent reward initiative
Top US travel agents have been given an authentic taste of the Bahamas via the Ministry of Tourism and premier travel magazine, Travel & Leisure.
ART OF GRAPHIX: The Picture across the digital divide
Is ‘film photography’ superior to ‘digital?’ Read any print or online photography magazine and you would think that digital photo capture just might be the ‘second coming’.
Fiscal deficit contracts 32%
The Government’s fiscal deficit contracted by 32.2 per cent to $260.8 million for the first nine months of the 2013-2014 Budget year, driven by a drop in capital spending and increased non-border tax revenue.
Small businesses seek 3-year VAT bedding in
Bahamian small and medium-sized enterprises (SMEs) want “fair play” and a “consistent” three year Value-Added Tax (VAT) implementation strategy, a leading consultant said yesterday, citing a potential fall-off in consumer spending as a primary concern.
BNT 'desperate' for increased funding
THE Bahamas National Trust (BNT) is “seriously concerned” and “desperate” for much-needed funding, its executive director said yesterday, expressing confidence nonetheless that it could raise sufficient.
Moody's: Gov't in $60m revenue over-estimate
The Government is over-estimating its revenues for the 2014-2015 fiscal year by more than $60 million, a rating agency yesterday warning that the Bahamas’ creditworthiness will be subject to continued “downward pressure” for the next 12-18 months.
