Bahamas enjoys Swiss private wealth 'influx'
The Bahamas has enjoyed an “influx” of private wealth management business due to a change in Swiss banking laws, a senior accountant yesterday warning this nation would continue to face external pressures for greater regulationa and transparency.
Bahamas loses share to 'pricing disadvantage'
A top hotelier yesterday said the Bahamas has lost regional market share to the “pricing disadvantage” created by Caribbean-high utility costs and labour rates that are triple those of rival destinations.
Schooner Bay targeting 'aggressive' $400m sell-out
Schooner Bay’s new sales team has pledged to be “very aggressive” in completing a $400 million “sell-out” of the project’s remaining real estate, and are targeting three-four years to complete the 266-lot first phase .
Coke bottler eyes $500k upgrade to new Freeport HQ
Caribbean Bottling Company (Bahamas) is aiming to start renovation work on its new $500,000 Freeport headquarters within the next fortnight, a development likely to create 15-20 construction jobs.
'Metamorphosis' to halt 2.4% regional stopover share fall
The Bahamian tourism industry is undergoing “a metamorphosis” that will start to reverse the 2.4 percentage point decline it has suffered to its share of Caribbean stopover visitors since 2007.
Top broker: 'I'm not looking to rule world'
A leading insurance broker is targeting a 5 per cent market share for his start-up in the medium term, telling Tribune Business: “I’m not looking to take over the world.”
$35m shopping centre eyes franchise 'game changer'
DEVELOPERS behind a high-end “shopping village” near Baha Mar are expecting to break ground on the project this month, telling Tribune Business they are hoping for a possible “game changer” by concluding lease negotiations with two major franchises.
Roberts questions Neymour on 'million dollar costs' for Bahamian people
The Water & Sewerage Corporation’s outgoing chairman has questioned whether a former minister was responsible for a contractual clause change that allegedly saved BISX-listed Consolidated Water “millions of dollars to the costly detriment of the Bahamian people”.
Marathon to spark $2m visitor spend
NEARLY 1,300 international participants have registered to-date for Marathon Bahamas, its organisers now projecting that the 2014 event will generate just under $2 million in visitor spend.
End-January target for five surviving BEC bids
The five remaining Bahamas Electricity Corporation (BEC) bidders have until end-January to provide “final submissions” and answer all remaining questions the Government’s advisers have.
BFSB Summit focuses on cultural changes
The Bahamas Financial Services Board’s (BFSB) upcoming International Business and Finance Summit (IBFS) will examine how cultural and family changes impact service providers and financial structuring.
US winter storms have 'minimal' tourism effect
By NATARIO McKENZIE
Ministry of Tourism in 50th birthday celebration
The Prime Minister has declared 2014 as the ‘Year of Culture’ to coincide with the Ministry of Tourism’s 50th anniversary.
Palm Cay wins top contractor award
PALM Cay, the $200 million eastern New Providence gated community and marina, has been awarded the first ever Bahamian Contractors Association’s (BCA)’Developer of the Year’ award.
Private sector urged: Avoid 'self-fulfilling prophecy' of recession
A prominent businessman yesterday urged the Bahamian private sector not to create a “self-fulfilling prophecy of doom and gloom”, and said: “2014 will be what we make it.”
