Palm Cay: High-end sales surge aided by recovery
A sudden increase in high-end property sales has given the Palm Cay development renewed optimism that an economic recovery driven by growing consumer confidence is starting to gain momentum.
Government pays Water Corp debts
The Government was yesterday revealed to have used $11 million in taxpayer monies to pay off “delinquent accounts” owed by the Water & Sewerage Corporation to its BISX-listed water supplier, and promised: “More is on the way.”
BTC targeting 40 franchise stores
The 17th independently-owned Bahamas Telecommunications Company (BTC) franchise store has opened in Coconut Grove, owned by businessman Ian Antonio.
New fund productset for AG review
The draft Bill for the Bahamas’ latest fund product will be sent to the Attorney General’s Office “in short order”, Tribune Business was told yesterday, amid anticipation it will give this nation “significant traction” in Latin America.
Atlantis eyes rebound following 'soft May'
ATLANTIS is forecasting a “soft May” followed by a ‘marginal’ pick-up in June business, its top executive telling Tribune Business that July and August were projecting to be much stronger.
PM's adviser: Join 'bandwagon' for Investor Citizens
A senior adviser to Prime Minister Perry Christie yesterday urged the Bahamas to “join the bandwagon” by introducing an Investor Citizenship programme to target the world’s wealthiest individuals, something that could have “the most transformative effect” on the economy.
Reducing $200m incentives will hit FDI competitiveness
Reducing the $200 million-plus incentives granted annually could limit the Bahamas’s ability to attract foreign direct investment(FDI) in the current climate, a key Cabinet Minister said yesterday, adding: “If we don’t offer those incentives, someone else will”.
The Government pays $11m Water Corp debts
The Government was yesterday revealed to have used $11 million in taxpayer monies to pay off “delinquent accounts” owed by the Water & Sewerage Corporation to its BISX-listed water supplier, and promised: “More is on the way.”
Fraud examiners visit Freeport
Executive members of the Bahamas Association ofCertified Fraud Examiners (ACFE) recently visited Freeport to promote the anti-fraud fight and expand its membership.
BFSB targeting shipping synergy
The Bahamas Financial Services Board (BFSB) is aiming to deepen synergies with the shipping industry by joining the Bahamas Maritime Authority (BMA) at Posidonia 2014.
Plan for more than community
By D’Arcy Rahming
Hotel urges five-month Baha Mar opening delay
Baha Mar has been told to push the opening date for one of its hotels back by five months to April 1, 2015, with the operator branding the projected December deadline as “not accurate”.
Oil explorer: Share offering delayed by regulations wait
The Bahamas Petroleum Company (BPC) is “ready and willing” to proceed with its long-planned share offering to Bahamians, its departing chairman noting progress had been “frustrated” by the wait for approvals.
Oil explorer targets 50 per cent well cost cut
The Bahamas Petroleum Company (BPC) is hoping to slash costs associated with drilling its first exploratory well by up to 50 per cent “without compromising” health and environmental safety standards.
GB 'breaks ranks' on Chambers deal
The Grand Bahamas Chamber of Commerce will today ‘break ranks’ with its fellow bodies and decline to sign the Memorandum of Understanding (MoU) designed to foster greater co-operation between all Chambers in the Bahamas.
