Bahamas requiring $1bn in short-term infrastructure
MIAMI, FL - The Bahamas will likely need $1 billion in short-term infrastructure investment, a senior accountant said yesterday, telling Tribune Business that the energy sector was “an absolute priority”.
Service 'critical' to $2.6bn Baha Mar
WITH Baha Mar marketing itself as an “upmarket” adult resort destination, a senior executive yesterday said service excellence was “critical” to the brand’s long-term success.
Bidder infuriated over water plant open tender plan
The Government has decided to put the multi-million dollar Windsor reverse osmosis plant contract out to public tender, a move that was yesterday described as “a slap in the face” by one group with a long-standing interest.
Bahamas 'bullish' on Latin America
MIAMI, FL - The Bahamian financial services industry remains “very bullish” on the Brazilian market, a Cabinet Minister telling this newspaper yesterday that the Smart Fund 7 model could be used as leverage to create other products.
Gov't urged: Put VAT 'cards on the table'
The think-tank behind a controversial study on the new Value-Added Tax (VAT) yesterday urged the Government to “put the cards on the table and be more transparent” over its tax reform plans, suggesting it was itself unsure about the impact on the wider economy.
Resort and airport upgrades to create hundreds of jobs
Renovation projects at the Reef Village and Grand Bahama airport’s domestic terminal are on schedule, underpinning the creation of hundreds more jobs.
Judicial Review threat to $150m Genting project
Environmental activists are threatening to launch a Judicial Review challenge to the Government and Genting Group over Bimini’s “excessive” development, a well-known QC warning that the island’s “very heart and soul is being ripped out”.
Freeport tax battle 'refreshing' given pressure from IMF
Freeport’s brewing legal challenge to the Budget’s tax increases has been described as “refreshing for the country”, a well-known attorney again suggesting these were largely being driven by external forces.
Logging revival could create $160m industry
Reviving the logging industry could generate numerous entrepreneurial opportunities and allow Bahamians to tap into a timber import market worth an estimated $160 million, a senior environment official believes.
Esso dealers seeking to buy own stations
Esso dealers have asked their prospective new supplier about the possibility of purchasing their own gas stations, Tribune Business can reveal.
Regulators must account for 'serious consequences'
A leading businessman has warned that the level of due diligence required to open a bank account in the Bahamas is having “serious consequences” for the Bahamas’ attempts to position itself as an international business centre.
Doctors chief: 'Don't fight stem cell Act'
Doctors Hospital’s president said the healthcare provider was looking to position itself as a centre for stem cell generation, telling Tribune Business that this treatment was “not really something we should be fighting against”.
Cable completes $135m refinance
Cable Bahamas has removed one of the last obstacles to consummating its Florida expansion through the $135 million refinancing of its senior credit facility.
Realtors dive into Palm Cay competition
Creative juices are flowing for some of the top real estate companies participating in the Palm Cay Realtor Video Contest, which invites agents throughout the Bahamas to submit a one-to-three minute video expressing what the expanding development offers.
'Strong bids' among nine BEC proposals
By NEIL HARTNELL
