Land prices set to 'skyrocket'
A well-known real estate developer has urged prospective Bahamian buyers to purchase within the next three-four months, warning that land prices could “skyrocket” by over 30 per cent.
Tobacco manufacturer eyes 55 'growing' jobs
A wholly-Bahamian owned cigarette and tobacco manufacturer plans to have its growing program on Andros at “full throttle” this summer, a move which is expected to create 50-55 direct and indirect jobs on the island.
Bahamas to be 'on cutting edge' of VAT technology
With less than six months to go before Value-Added Tax’s (VAT) implementation, top officials and representatives from various government ministries and departments have begun training with international consultants from New Zealand and Canada.
Tariff schedule set for Jan 17 release
The Ministry of Finance has launched a hotline with experts standing by to answer questions about the proposed Value-Added Tax (VAT) system set to go into effect on July 1.
Pharmacists to toughen import/export regulation
By NATARIO McKENZIE
Bank says well placed for 2014
BANK of the Bahamas International (BOB) says it is heading into 2014 with shareholder equity topping $138 million and a robust capital ratio of 22 per cent, well above local and international regulatory requirements.
Club owner in bid to jail Bimini developers
The owner of a beach club demolished by the Bimini Bay Resort’s developer has been given permission to apply to commit its principal, Gerardo Capo, and other executives to Fox Hill prison for alleged contempt of court.
E-passport provider in IT school venture
The former Bacardi plant’s owners yesterday pledged to “move forward” with establishing a high-end IT school, having enlisted the company responsible for the Bahamas’ e-passport and border control systems as its project partner.
Gov't can get extra $40m via auto industry
A top auto dealer yesterday backed the International Monetary Fund’s (IMF) call to increase tax rates related to the sector, suggesting this could generate up to $40 million in extra government revenues per annum.
Fears lightering fees may 'kill' marine industry
MARINE industry stakeholders yesterday balked at proposed fees to regulate the lightering industry, one prominent executive describing them as “unheard of” and warning that such a move could kill the sector and “stifle” the Freeport economy.
Timeshare to increase Coral Harbour project investment by $250m
A well-known Bahamian investor yesterday disclosed that the capital investment in his proposed Coral Harbour resort/entertainment centre is set to increase by $250 million due to the addition of a 300-unit timeshare complex.
THE ART OF GRAPHIX: Don’t make your logo a ‘no-go’
At the start of this New Year, let’s fill our hearts with hope and become our brother’s keepers. Let’s keep the family of the late Winston ‘Gus’ Cooper and ‘King’ Eric Gibson, two outstanding Bahamian icons, in our prayers as they battle their loss.
Realtor mulls Chinese office
A leading real estate broker believes China’s importance to the Bahamian economy cannot be “overstated”, having discussed this nation’s growing Far East ties with the Minister of Foreign Affairs.
Council to increase pharmacy inspectors
THE Bahamas Pharmacy Council is making plans to increase the number of inspectors to ensure all pharmacies are inspected in a timely manner in 2014.
Baha Mar unveils Asia business unit
Baha Mar yesterday announced that Gregory Djerejian, its executive vice-president, will head the company’s new Asia business development operations located in Hong Kong.
