Bimini developer: 'No impact' from US loss
Resorts World Bimini yesterday said there would be “no impact” on its daily cruises to the island despite a US court’s refusal to overturn a ban on its vessel’s night-time sailing.
Bahamas urged: 'Move quick' on arbitration plan
The Bahamas must “move very quickly” to fulfill its potential as the Caribbean’s arbitration hub, a leading attorney yesterday warning that ever-increasing competition was already “on our heels”.
PM promises no economy shrink from tax reform
The Tax Coalition’s co-chair yesterday described Prime Minister Perry Christie’s pledge that he would not allow tax reform to slow the economy as “fantastic”, telling Tribune Business the organisation hoped to make “some real headway” shortly.
GB resort to give 18,000 'Memories'
Grand Bahama’s new four-star Memories Resort has more than 18,000 bookings “already in hand” to ensure an 80 per cent average occupancy level this winter, Prime Minister Perry Christie said yesterday, adding that Bahamasair will in May start a wet lease arrangement with its owners for service from up to eight US cities.
Tobacco declarations 1/8th of true value
Tobacco imports recorded at Bahamas Customs are almost one-eighth of the true value that should be declared, the International Monetary Fund (IMF) has estimated, indicating the existence of “large-scale smuggling”.
Gov't targets Carmichael Road 'green subdivision'
THE Government is planning to develop a “green subdivision” in the Carmichael Road area, a Cabinet said yesterday, telling Tribune Business that its housing programme should kick-off within the next few weeks.
'Don't leave Bahamian involvement to chance'
BAHAMIAN involvement and participation in investment projects “cannot be left to chance”, the chief executive of a $1 billion US-based company yesterday arguing: “We need to be creating businesses and not just projects.”
Get back to basics for clear direction
Sometimes, the best business lessons are the ones we have know the longest but cannot remember.
Seaplane service in Valentine's promotion
As part of Tropic Ocean Airways’ February 14 launch of its inaugural seaplane scheduled charter service toHope Town in Great Abaco, one couple will spend their Valentine’s Day weekend at the Abaco Inn on a complimentary three-night vacation package.
Distributor fears for 'survival beyond 2014'
A Freeport-based business is liquidating its $1 million-plus inventory after the new Customs fees “killed” its wholesale distribution model, its principal warning: “If things don’t change soon, we may not survive beyond year-end.”
Bacardi owner in multi-million solar investment
The former Bacardi plant’s principal is aiming to ultimately invest $5-$6 million in installing solar panels on the property’s eight acres of roof space, with long-term plans involving the supply of power to surrounding subdivisions.
Retail federation attracts over 100
MORE than 100 retailers have joined an industry federation opposing Value-Added Tax’s (VAT) introduction, its co-chairman charging that Barbados’s predicament had “completely dispelled” the assumption the tax was a “magic bullet” for this nation’s fiscal woes.
Marina 'objections' spice Old Fort Bay land transfer vote
A seven-year saga over the ‘common areas’ in one of New Providence’s most luxurious subdivisions is set to climax at a January 27 vote, amid homeowners’ objections to the developer’s planned marina.
BREA chief: Lower duty 'simultaneously' with fiscal reforms
The Bahamas Real Estate Association’s (BREA) president has backed International Monetary Fund (IMF) suggestions that Stamp Duty rates be reduced once the Government’s Value-Added Tax (VAT) revenue targets are hit.
Timber harvester targets February production start
An Abaco-based timber harvester is aiming to move into full-scale production by end-February, having already harvested 300 trees.
