Palm Cay condos oversubscribed
Palm Cay’s first condominium phase has been oversubscribed within two months, with 16 reservations received for 12 two-bedroom, 2.5-bath units.
'I can only survive by more downsizing'
The Democratic National Alliance’s (DNA) chairman yesterday suggested the “only way to survive” for his retail empire was downsize it to a single store, as he warned that Value-Added Tax (VAT) would “wipe out”the small business sector.
Gov'ts VAT 'level Playing field'
The Government will pay Value-Added Tax (VAT) on goods and services where it competes with the private sector to ensure a “level playing field”, it was recently revealed.
Oil drilling risk 'small' compared to 1bn barrels
The Bahamas Petroleum Company’s (BPC) chief executive believes the risks associated with drilling oil wells in this nation’s waters are “relatively small compared to that which already exists”, given that one billion barrels of oil are shipped through the Old Bahama Channel annually.
Renewed calls for Bimini EIA
ENVIRONMENTAL activists yesterday reiterated calls for the Environmental Impact Assessment (EIA) for Genting’s multi-million dollar resort and cruise ship terminal investment on Bimini to be published, saying the island was in a “precarious state”.
Satellite Bahamas Moves to dismiss DIRECTV lawsuit
Satellite Bahamas and its principals, the Garraways, are urging the Florida courts to dismiss a lawsuit alleging that they ‘pirated’ DIRECTV’s signals on legal technicalities, Tribune Business can reveal.
Baha Mar 'contacts' over 10,000 recruits
Baha Mar yesterday said it was “more than satisfied” it will find the 5,000-plus full-time staff it needs from the Bahamian workforce, having already ‘contacted’ more than 10,500 persons in its expanding recruitment drive.
First female chief aims to 'reinvent' Development Bank
The Bahamas Development Bank (BDB) has appointed attorney Arinthia Komolafe as its first female managing director, effective from September 16, 2013.
LETTER TO EDITOR: Manufacturing a real incentive to hire 10,000
I am responding to an article that was published in The Tribune’s Business section on Monday, September 16, 2013. It was written by Mr Neil Hartnell and included points of interest from a prominent accountant, Raymond Winder, on ways of cutting our country’s deficit.
BISX confirms its first SMART Fund
The Bahamas International Securities Exchange (BISX) has confirmed its first SMART Fund listing in the shape of the Sapphire Venture Fund, which will now appear on the exchange’s mutual fund tier.
BFSB subvention cut's 'ideal opportunity'
Despite a cut in its government subvention, the Bahamas Financial Services Board’s (BFSB) chief executive believes this has created an “ideal opportunity” to work with the Government on maximising resources.
Airport advertiser in Grand Bahama expansion
Bahamas Airport Advertising has expanded its reach to Grand Bahama International Airport, signing up a Freeport-based PR agency to act as its representative on the island.
Oceania Heights settle offer 'absolute nuts'
Disgruntled homeowners have rejected a Bahamian attorney’s offer to settle the long-running Oceania Heights dispute, their president describing it as “absolutely nuts” on the grounds that it seeks to dump $2.76 million in liabilities on them.
BEC's $250m bond deferred to stop reform 'handicap'
A $250 million bond to refinance the Bahamas Electricity Corporation (BEC) has been postponed to avoid “handicapping” the energy sector reform process, Tribune Business can reveal.
BPC: Oil royalties '30% higher' than Gulf of Mexico
The Bahamas Petroleum Company’s (BPC) royalty rates are “30 per cent higher” than those paid by Gulf of Mexico oil drillers, its chief executive disclosing that these terms were also “more onerous” than what is specified in the existing Petroleum Act.
