$34.2m claim against UBS Bahamas revives
A $34.2 million claim against UBS (Bahamas), which has connections to Bernard Madoff’s infamous multi-billion dollar Ponzi scheme, was yesterday reinstated by the Court of Appeal.
Out Island hotels eye 40% occupancy
FAMILY Island hotels have seen a 4 per cent increase in average occupancy levels year-over-year, the Out Island Promotion Board’s president said yesterday, adding that room nights sold had risen by 2 per cent during the same period.
THE ART OF GRAPHIX: Shopping for the best file opening
Did you find a PSD file on your computer and wonder what program should open it?
Shipyard helping West End schools
The Grand Bahama Shipyard (GBS) is using funds raised from its annual fishing tournament to help schools in the western parts of Grand Bahama.
Russia airlift in January 2014 start
TOURISM Minister Obie Wilchcombe said yesterday that he was not alarmed by the drop-off in 2013 first-half air arrivals, and pledged that 2014 would be a “banner year” for airlift.
Bahamas 'scratching surface' over Latin American tourism
An investor group headed by Jamie Dingman has leased 25 per cent of the units in a major Bay Street shopping plaza, Tribune Business can reveal, with plans to create a restaurant destination unmatched “except for Marina Village”.
Regulator shoots down 'anti-competitive' BTC, Cable phone switch plan
Regulators yesterday shot down as “anti-competitive” a Bahamas Telecommunications Company (BTC) proposal that customers be charged for switching to rival operators.
Economist: VAT 'too complex' for Bahamas
A top economist yesterday reiterated a decade-old call for the Bahamas to introduce a Sales Tax, warning the Government that its Value-Added Tax (VAT) plans were a mistake because “simplicity is key” to reform.
Gov't Bill could 'hurt' Bahamian home ownership
A bank chief executive has warned that Government legislation “could have a negative impact on Bahamian access to home ownership”, as it completely alters the risk associated with mortgage lending.
Official: VAT payable onpre-existing contracts
Value-Added Tax (VAT) will be charged on pre-existing business contracts from the July 1, 2014, implementation date onwards, a top government official confirmed yesterday.
Cable moves to ensure 'Yes' to $100m deals
Cable Bahamas has not been leaving tonight’s shareholder vote on whether to approve its $100 million Florida expansion to chance, Tribune Business can reveal, with senior management calling institutional investors to ensure their support.
MARKETING REVOLUTION: Sports investments give major pay-off
The Bahamas Judo Federation took a 27-person team to the US Junior Open in Fort Lauderdale for a week.
Housing costs in 50% drop through Crown land freeing
THE Government is being called upon to release some 28,000 acres of land to the Bahamian people, the head of a construction and energy management firm telling Tribune Business yesterday that this could reduce housing costs by up to 50 per cent.
US solar firm to meet Gov't
TOP executives from a North Carolina-based sustainable energy company are planning to meet with Government officials for discussions on a “transformative” power project for the Bahamas. PowerSecure Solar aims to discuss reduced electricity costs and reliability in supply in meetings with government and private sector leaders this week in the Bahamas.
Port's 5.5% 'low' cannot be matched
The Arawak Port Development Company (APD) has decided to keep the $15 million oversubscription from its recently-completed preference share offering, a top investment banker yesterday saying he “doubted” whether its low 5.5 per cent interest rate could be matched.
