The Bahamas at the forefront of investment summit
THE Bahamas will be front-and-centre at the Brazil Investment Summit 2013 (BIS) which takes place April 17-18 in Sao Paulo.
Plea to establish aircraft registry
AN ATTORNEY has called on the Government to move quickly to establish an aircraft registry to not only bring added business to The Bahamas but also ensure that the country meets ICAO standards for airport safety.
Net profit of $1.06 million FOR AML
AML Foods Limited recorded a 26 per cent total sales increase for its fourth quarter ending January 31, 2013, during which it recorded a net profit of $1.06 million.
GDP boost fuelled by construction manufacturing, hotel, marine transport
THE Government has released preliminary estimates showing that the Bahamian economy’s gross domestic product (GDP) expanded by 1.83 per cent based on constant prices, fuelled largely it said by increases in the construction, manufacturing, hotel and marine transport industries.
'Tremendously difficult' to do business on the family islands from scratch
THE process of doing business in the family islands is “even more opaque” when compared to New Providence and Grand Bahama according to one attorney who said that there were limited mechanisms for governmental approvals.
'Conchservation' campaign set for full launch
A “CONCHSERVATION campaign” is set to be fully launched nearing the end of this month according to Bahamas National Trust (BNT) executive director Eric Carey, who said that there would a national dialogue on the sustainability and preservation of the Bahamian conch population.
Boutique resort targeting Bahamian business
INVESTORS behind Abaco’s Hope Town Lodge are hoping to make the boutique resort “a go-to” island destination for Bahamians, the group’s chairman telling Tribune Business, “I would like see us running at 80 or 90 per cent all year around”.
Plea to grant concessions to Family Island business operators
FAMILY Island business operators should be granted concessions which will allow them to upgrade their operations and satisfy the modern market according to a top private sector executive, who also said that many of the out islands lacked the “critical mass” to sustain businesses.
Co-operatives and Credit Unions could be subject to new rules
CO-OPERATIVES and Credit Unions could soon be subject to new legislation and the Department of Co-operative Development (DCD) will surrender its duties to the Central Bank of The Bahamas.
$6 million marina set for mid-June opening
A NEW $6 million state-of-the-art marina is slated to open by mid-June in the heart of historic Nassau.
PM "not at all happy" with gov't and Mayaguana developers relationship
PRIME Minister Perry Christie said yesterday that he was “not at all happy” with the relationship that currently exists between the Government and Boston based I-Group developers, saying that the Mayaguana development project was not moving fast enough.
National development plan 'long overdue' says private sector executive
THE concept of developing a national plan for The Bahamas is “long overdue” a key private sector executive said, as the Caribbean Growth Forum (CGF) launched yesterday.
Government to budget $20 million to market Baha Mar
THE Government has set aside $20 million from this year’s budget to market the $3.5 billion Baha Mar development as part of its agreement, Prime Minister Perry Christie said yesterday, raising the issue to highlight the financial challenges The Government faces in relation to providing subsidies and concessions for the Bahamian tourism sector.
Quality is the mark of a new supermarket
SUPER VALUE’s owner and president Rupert Roberts said that the opening of his third Quality Supermarket in the Sea Grapes Shopping Centre would create 50 jobs, telling Tribune Business that approximately $3.5 million had been invested into the store.
Country 'still challenged' on benefits from FDI inflows
THE Bahamas remains challenged on providing downstream benefits from foreign direct investment (FDI) inflows, despite leading all of Latin American and the Caribbean with a gross investment ratio of 27 per cent in 2012, Investments Minister Khaalis Rolle said yesterday.
