Private sector fears ‘treatment like dirt’ over work permits
A leading businessman yesterday warned that the Government’s proposed hardline work permit/labour certificate approach was giving the relevant officials a licence to “treat the private sector like dirt” when it came to processing applications.
Oil explorer: Deal is 50/50 profit sharing
The Bahamas Petroleum Company (BPC) yesterday said its original agreement with the Government effectively gave this nation a 50/50 profit split if it discovered commercial quantities of oil, adding that its investors were putting “hundreds of millions of dollars” at risk.
Traveller's Rest set for April re-opening
A group of New Providence-based investors headed by Jamie Dingman plan to re-open the iconic Traveller’s Restaurant by mid-April, having invested to-date $500,000 and employed up to 30 construction workmen on renovations.
Port discusses trade with Cuba
Freeport is aiming to play the role of transportation and logistics provider as Cuba seeks to bolster its trade ties with the Bahamas.
Bahamian named marina consultant at Palm Cay
A $200 million eastern New Providence real estate development has named a Bahamian as consultant for its 186-slip full service marina, which is due to open next month.
Colina in 120% net profit rise
Colina Holdings (Bahamas) yesterday unveiled a 120 per cent net income rise for the 2012 full-year, due largely to a reduction in claims and investor payouts.
Bank examiner passes Series 7
A Central Bank of the Bahamas bank examiner, Taryn C. Turnquest, has passed the Series 7 exam in the US after studying at the Securities Training Institute (STI).
Gov't expanding online services
Cabinet ministers and officials from Customs, Labour, Finance and other government departments will be present when the Ministry of Finance hosts its first E-Government and Business Forum today at the Sheraton Nassau Beach Resort.
US cuts revive pre-clearance queue fears
The NASSAU Airport Development Company’s (NAD) chief executive yesterday warned that US budget cuts will impact US Customs & Border Control (USCBP) operations at the airport, raising the spectre of a repeat of last summer’s passenger ‘logjams’ in US pre-clearance.
Building permit fee rise of 15-25% 'not unreasonable'
An increase in building permit fees is “not unreasonable” if kept to between 15-25 per cent, a leading architect said yesterday, urging that any rise be linked to service and efficiency improvements at Building Control.
Business calls for 20-day work permit decisions
Private sector leaders yesterday urged the Government to “commit” to making decisions on work permit applications within 20 days, as one of their predecessors warned two Cabinet Ministers to “be very, very careful” about the signals being sent to investors.
Genting takeover to boost $250m project's sales
Genting’s move to take over operations at the entire Bimini Bay Resort will make “a lot of great things happen”, the property’s developer said yesterday, including boosting real estate sales at its $250 million Rockwell Island project.
MARKETING REVOLUTION: Getting the best from consultants
The old joke is that a consultant borrows your watch to tell you what time it is.
Bahamas to take small business, investment advisors 'captive'
Small/medium-sized businesses and investment managers are key niches being targeted by the Ministry of Financial Services in “relaunching the Bahamas” as a captive insurance domicile “within the next few weeks”.
Cable blasts contractors on fibre optic re-routing
Cable Bahamas yesterday announced it will start emergency re-routing of its western New Providence fibre optic cable systems, starting today and ending next Tuesday, due to the ongoing Airport Gateway road project.
