Firm's $1.1m ramp up for alternative energy 'explosion'
A Bahamian-owned company has invested $1.1 million over the past year to ‘ramp up’ its business ahead of a renewable energy “explosion” that will meet the Government’s 2030 alternative supply target.
Energy 'major constraint' for 25% of firms
Around one in four Bahamian businesses have identified high electricity costs as “a major constraint” to doing business, according to a World Bank report, a percentage a senior private sector official described as “low”
'Complete overhaul' for labour dispute resolution needed
The Bahamas needs “a complete overhaul” of its labour dispute resolution processes, a top union leader has argued, while backing US government concerns over weak enforcement of solutions to these matters.
$250m BEC bond yet to launch
THE Bahamas Electricity Corporation’s (BEC) $250 million bond issue has still not gone to market, although a Cabinet Minister believes the Government guarantee should ensure it is fully subscribed.
Corporate income tax 'not on Gov't agenda'
The Government is not planning to introduce “a broad-based corporate income tax”, as recently urged by the International Monetary Fund (IMF).
Brewery overcomes 'trade monopoly'
THE Bahamian Brewery & Beverage Company’s founder, while describing domestic sales as “very encouraging”, charged that his five year-old company had to overcome “monopolistic trade infringement” in establishing itself in the local liquor market.
CHAMBER VOICE: Generating value from consultants
The consultancy business has grown tremendously over the past decade, with many companies place their growth and sustainability into the hands of management consultants.
Government to 'beef up' property taxes after amnesty end
THE Government’s will move to “beef up” enforcement of real property tax (RPT) collections once the existing amnesty programme finishes at end-June 2013, a Cabinet Minister saying it had generated interest among property owners.
Big Brazil attendance for Bahamas briefing
More than 40 Brazilian fund managers and investors have attended a Bahamas Breakfast Briefing organised by the Bahamas Financial Service Board (BFSB) to coincide with last week’s Brasil Investment Summit (BIS) in Sao Paulo.
Bank's $10m compliance 'catapult' from Gov't
Bank of the Bahamas International yesterday said a planned $10 million increase in its capital base was designed to “catapult compliance” with international standards, while not diluting existing shareholders’ holdings.
Nygard 'attacks' cost over 50 Bahamian jobs
More than 50 Bahamian jobs in the financial services industry are today said to have been lost because of Peter Nygard’s “attacks” on his Lyford Cay neighbour, hedge fund magnate Louis Bacon.
Bahamian investors 'optimistic' over Windsor takeover
A former Water & Sewerage Corporation chairman yesterday said an all-Bahamian investor group was “very optimistic” it would win its bid to take over operations at the Windsor reverse osmosis plant and replace BISX-listed Consolidated Water.
Airline executive 'not confident' of FAA audit pass
A leading aviation executive last night said he was “not confident” the Bahamas would pass its upcoming audit by the US, warning that a downgrade to Category 2 status would inhibit the expansion plans of his and other local airlines.
$200m development's 'tax break' offer
Developers of the $200 million Palm Cay community have promised to pay the full 10 per cent Stamp Duty on all sales contracts signed before month’s end, saying the move could generate buyer savings of up to $40,000.
BAIC workshops aim to empower entrepreneurs
THE Bahamas Agricultural and Industrial Corporation (BAIC) is hoping to spur Bahamian entrepreneurship via the launch of its Business Empowerment series.
