Gov't promises full property tax reform
THE Government is looking to increase property tax revenues to 2 per cent of gross domestic product (GDP) by 2016/2017, the minister of state for finance sad yesterday.
'Mid-80s' occupancies give Atlantis 'exceptional' March
Atlantis is eyeing an “exceptional” March with “across the board” occupancies in the low-mid 80 per cent ranges, its senior executive telling Tribune Business the resort had beaten early 2012 comparatives and was hitting this year’s performance targets.
Developer: ‘More sales calls in 2 months than last 2 years’
A leading developer has seen more sales inquiries during the initial months of 2013 than “in the last two years”, with the Bahamian real estate industry “anticipating” the Government will reduce all Stamp Duty rates to pre-2010 levels come the May Budget.
Attach law writers to Financial Services Ministry, QC urges
A leading QC has urged the Government to attach a team of law writers to the Ministry of Financial Services, arguing that this would help the Bahamas reform “a whole basket of laws” before the deadline to comply with the US Foreign Account Tax Compliance Act (FATCA) hits.
RUBIS tackles 'unfortunate' gas station leak
RUBIS executives say the company is actively addressing an underground gas leak at its Robinson Road station as part of a wider “clean-up” exercise stemming from its acquisition of the Bahamas’ Texaco business last year.
Bottled water 'not a sector to invest in'
THE Bahamian bottled water industry “is not the business to spend money in”, according to one leading manufacturer, who said the market was already “saturated”, with prices being driven by foreign competition.
Job applicants exceed posts 10x at ex-Robin Hood
BUSINESSMAN Sandy Schaefer says he has distributed more than 1,100 applications for the 135-145 jobs that will be created when his new retail venture, ‘Shepherd’s Mart’, opens off Tonique Williams-Darling Highway by month’s end.
The debt we owe to TB
One week ago, the late Timothy Baswell Donaldson, CBE, affectionately known to those close to him simply as ‘TB’ or ‘Bassie’, passed into eternity. TB was no ordinary figure; he was a pioneer in the educational and financial services sectors, registering an unparalleled string of ‘firsts’ in his long and illustrious career.
Shipyard services 17 liners in eight months
Freeport, Grand Bahama – The Grand Bahama Shipyard is expecting to work on 17 cruise ships in an eight-month period that ends in April 2013, as it bids to become a ‘one-stop’ facility.
Walkine takes over at NAD
Vernice Walkine (left) has officially taken over the role of president and chief executive at Nassau Airport Development Company (NAD). She is the first Bahamian to be appointed to this role at the airport management company formed six years ago to redevelop Lynden Pindling International Airport (LPIA).
CHAMBER VOICE: Turning youth into future advantage
We constantly hear about the challenges of employing younger persons in the workforce.
$40m project rises on western PI
A $40 million project rising on the western end of Paradise Island is turning traditional real estate sales wisdom on its head - building multi-million dollar houses on spec during a challenging economy in a location no car can reach.
Bacardi buyers to heat up bottled water market
The investor group that acquired the former Bacardi plant is set to go head-to-head with Aquapure and Chelsea’s Choice by entering the reverse osmosis water market in April/May 2013, believing it can achieve “equal market share” with the incumbents.
Small business restructure to 'cease political interference'
The proposed Small and Medium-Sized Business Development Agency (SMEDA), which will have a $25 million initial capitalisation, is structured as a “one stop-shop” and designed “to minimise political interference”.
'Thousands of jobs' via high-tech school plan
The owners of the former Bacardi plant are in talks with another investor group about establishing a “technical school for high-end IT services” at the southern New Providence site, a move that was yesterday billed as potentially creating “thousands of Bahamian jobs”.
