Property Fund targets 5-10% vacancy drop
The BISX-listed Bahamas Property Fund yesterday said it was targeting a five-10 percentage point reduction in 2013 vacancy rates at its flagship downtown property, telling Tribune Business this could instantly improve the full-year bottom line by $250,000-$500,000.
NIB report blastedas 'very sloppy job'
The National Insurance Board’s (NIB) former chairman yesterday blasted the Grant Thornton forensic audit as “a very sloppy job”, adding that it would have been impossible for him to use his position to gain a competitive advantage for Bahamas First.
VAT: manufacturing impact 'far from' original fears
The implementation of Value Added Tax (VAT) will not have the impact on Bahamian manufacturers that was initially feared, an industry leader yesterday saying businesses were failing to see the “two sides of the coin”.
VAT draft ready 'as early as next week'
THE Government plans to have the legislation required to implement a Value Added Tax (VAT) system in place before January 2014, a Cabinet Minister yesterday saying the draft law might be ready as early as next week.
Private sector meets Minister on permits
Major private sector organisations have met with Fred Mitchell, minister of foreign affairs and immigration, in a bid to address both parties’ work permit needs.
Bahamas financier buys Florida shopping plaza
A Bahamas-based financial services provider yesterday announced it had purchased an 189,390 square foot Florida shopping plaza.
Bank promotes ATM deposit innovation
Bank of the Bahamas International is moving to consolidate its market position as an innovator through becoming the first institution to accept non-envelope cash deposits at its Automatic Teller Machines (ATMs).
Sandals warns staff over alleged 'illegal' strike
MANAGEMENT at Sandals Royal Bahamian yesterday expressed “surprise” that the Bahamas Hotel, Maintenance & Allied Workers Union (BHMAWA) - the bargaining agent for the resort’s non-managerial employees - had opted for a strike vote.
Crown Land sales: Be more transparent
THE COALITION to Protect Clifton Bay group has urged the Government to better regulate the conveyance of Crown Land.
MARKETING REVOLUTION: Unlocking the marketer in you
When I was a young engineer I thought the marketing guys had it easy. Imagine sitting around all day just to come up with a logo, or a name or a slogan.
Investment Authority ‘nowhere near’ filling promotion agency role
THE Government has embarked on a “restructuring exercise” at the Bahamas Investment Authority (BIA), a Cabinet Minister yesterday telling this newspaper this was necessary because it did not fulfill the current needs of an investment promotion agency.
Privy Council refuses Gov't BEC plant appeal
A well-known QC yesterday said “a real tipping point” had been reached in protecting the Bahamian environment and local rights, after the Privy Council flatly refused to hear the Government’s appeal over the Wilson City power plant ruling.
Subway expansion creates 12 jobs
SUB Heaven, the company holding the Subway franchise in Nassau, has expanded its network with the opening of a fourth restaurant in Palmdale, creating 12 jobs.
AIBT launches lead in to conference
The Association of International Banks & Trust Companies (AIBT) has again partnered with the Ministry of Financial Services (MFS) and the College of the Bahamas (COB) to launch the ‘2013 Nassau Conference Essay Competition’.
Florida ferry captures 50% of Big Game guests
THE Bimini Big Game Resort & Marina has been reaping the benefits of ferry service from Florida, its general manager yesterday crediting this with producing “50 per cent or more” of its weekend occupancies.
