Brokers praise Customs on 'giant step forward'
BROKERS yesterday described Customs’ shift to the electronic submission of documents as a “giant step forward”, telling Tribune Business the new system would increase their efficiency and eliminate “freelancers”.
Crime 'stifling' entrepreneurship
THE Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday said the private sector continued to be concerned over high crime levels, noting that this was “stifling” entrepreneurship through increased security costs.
Recession fears on VAT 'crapshoot'
Determining Value-Added Tax’s (VAT) impact on the private sector is “a complete crapshoot” until the Government provides more details, a leading businessman fearing it could push the Bahamas back into recession if mishandled.
Two Industrial Park tenants face eviction
THE Bahamas Agricultural & Industrial Corporation (BAIC) is evicting at least two tenants from its Soldier Road Industrial Park due to delinquent rental payments, with one case involving almost $800,000 in unpaid arrears.
Fidelity on track for $8m full-year profits
Fidelity Bank (Bahamas) believes its $2 million first quarter net income performance will repeat throughout 2013, with shareholder equity returns having risen another 3.7 percentage points.
Customs targeting end-May on Nassau manual phase-out
BAHAMAS Customs is aiming to implement electronic duty payments before year’s end, its Comptroller telling Tribune Business that it planned to phase-out the manual submission of documents from importers and brokers by end-May.
Key Freeport shipping costs reduced 30%
Key shipping costs into Freeport have fallen by around 30 per cent, a leading businessman saying he wanted to reduce them further to where investors were “tripping over themselves” to do business in the city
Bahamas software developer's 'major Asia breakthrough'
A Bahamian software developer has made a “huge breakthrough” by winning its first Asian financial services client, and is already “pushing” for more.
Cable: Bandwidth expansion drives 20% data growth
Cable Bahamas says it has seen a 20 per cent increase in Internet data usage since it increased subscriber bandwidth speeds last month, an improvement it plans to further build on.
BEC to help 6,000 disconnected homes
The Bahamas Electricity Corporation (BEC) has disconnected more than 6,000 residential customers, but is now exploring ways to return those persons to the grid as early as end-May.
BISX accelerates investor education
The Bahamas International Securities Exchange (BISX) is pushing forward with efforts to broaden, and deepen, the pool of Bahamian capital markets investors.
Realtor expands via nine new staff
Mario Carey Realty (MCR) has expanded its staff to 22 with nine new appointments, having grown in five short years from just the founder and his secretary.
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Sandyport 'revisits' 512-room hotel plan
The new investment and infrastructure “landscape” in the Bahamas has prompted Sandyport to revive long-held plans for a potential 512-room resort, and seek the right partners and development model.
Bahamas needs extra 200 air traffic controllers
AN extra 150-200 air traffic controllers are needed to provide proper air traffic service throughout The Bahamas, their union head yesterday expressing concern over whether there would be sufficient manpower to deal with the increased flights generated by Baha Mar.
