Brokers report up to 30% efficiency boost at Customs
Brokers have told Tribune Business that Bahamas Customs’ system for the electronic submission of import documents, while not without its challenges, has increased efficiency by up to 30 per cent.
Resort occupancies good despite 'flat' Q2
DESPITE what he described as a ‘flat’ 2013 second quarter, the Bahamas Hotel and Tourism Association’s (BHTA) president said the New Providence hotel industry had still seen good occupancies for the period and was working to hit “acceptable” levels for the third quarter.
Bimini Bay sparks Hotel Corp revival
Genting’s partnership with the Bimini Bay Resort’s developers appears to have created a revival opportunity for the Hotel Corporation, whose subsidiary will be operating the project’s transportation and water sports facilities.
Port rewards top scholars
Grand Bahama’s top graduating seniors received their Top Achievers scholarships from the Grand Bahama Port Authority (GBPA) as commencement exercises drew to a close.
Tourism future 'uncertain' without education focus
The BAHAMAS Hotel and Tourism Association’s (BHTA) president, Stuart Bowe, told teachers participating in its 10th annual summer educators’s internship programme that the industry faced an “uncertain future” without serious commitments to education.
Majority investor 'seriously concerned' over BISX listee
The majority shareholder of a BISX-listed company yesterday said it was “seriously concerned” that the value of its multi-million dollar investment is being steadily eroded, following a $2.607 million net loss for the year to end-September 2012.
Extending BTC monopoly will 'harm Bahamians'
Extending the Bahamas Telecommunications Company’s (BTC) cellular monopoly will “be harmful to the Bahamian economy and the Bahamian people”, a former Cabinet Minister warned yesterday.
Bahamas 'rises from captives extinction'
The Bahamas has “risen from extinction” in captive insurance, a leading industry player said yesterday, with this nation’s growth rate over the past three years “exceeding any other jurisdiction”.
BEC owed $3m by roads contractor
THE Bahamas Electricity Corporation (BEC) plans to pursue large corporate customers who have built-up multi-million dollar arrears, its executive chairman yesterday accusing the major roadworks contractor of owing $3 million.
Coke bottler eyes $300k upgrade to new Freeport HQ
Caribbean Bottling Company (Bahamas), the Coca-Cola producer, yesterday said it was close to sealing the purchase of a new base for its Freeport operations, and expects to invest $300,000 in upgrades to the property.
BEC targets GB expansion
THE Bahamas Electricity Corporation’s (BEC) executive chairman yesterday revealed it was exploring the possibility of servicing East End in Grand Bahama, adding that there was “excess” generating capacity in Abaco to do so.
'Be sensitive over $465m Gov't borrowing'
The Government and private sector must be “sensitive” to prevent the former’s planned $465 million borrowing over the next 12 months from ‘crowding out’ other capital markets fund raisings, a top investment banker has warned.
'Full throttle' on 75% time cut for deeds recording
The Registrar General’s Department is aiming to slash the time required to record deeds and documents by more than 75 per cent, with the Bahamas bidding to break into the world’s top 10 for ‘ease of doing business’.
BTC attacks Cable's 'double rate subsidy'
INAGUA was described yesterday as an “eco-tourism hub”, with the Bahamas National Trust’s (BNT) executive chairman telling Tribune Business the organisation had prepared a draft plan for the number and types of jobs that could be created via nature-based experiences there.
Inagua's 'eco tourism hub'
INAGUA was described yesterday as an “eco-tourism hub”, with the Bahamas National Trust’s (BNT) executive chairman telling Tribune Business the organisation had prepared a draft plan for the number and types of jobs that could be created via nature-based experiences there.
