Hilton bids put Bahamas 'back in play' on FDI
THE MINISTER of State for Investments has confirmed “multiple offers” have been made to acquire downtown Nassau’s British Colonial Hilton hotel, proving that the Bahamas was “back in play” in attracting foreign direct investment (FDI).
GB Chamber invited to explore Haiti
Freeport, Grand Bahama - The Grand Bahama Chamber of Commerce (GBCC) has been updated on Haiti’s progress since the devastating earthquake by its Ambassador to the Bahamas, Antonio Rodrigue. “We are honoured today to welcome his Excellency to our chamber,” said Barry Malcolm, the Grand Bahama Chamber of Commerce’s president.
Property tax amnesty 'can be more generous'
A leading accountant yesterday said the Government should be “collecting a lot more revenue from real property tax”, praising it for its plans to combat this but also noting that its incentive programme could “have been more generous” towards current payers.
Bahamas is urged: 'Move quickly, but carefully, on plane registry'
The Bahamas needs “quick but careful movement” in establishing a competitive international aircraft registry, an attorney warning that its competitors had already made “great inroads” and stolen a march on it.
Despite 20% sales growth, business 'ain't what it was'
A Bahamian businessman said yesterday he had seen “slight growth” of 20 per cent in sales at his Prince Charles Drive company, while noting that business “is not like it used to be”.
HeadHere
AMID a clutter of Chinese restaurants big and small, a local entrepreneur and his daughter think they have finally served up the best combination - with a funky name to boot.
Development Bank facing 'wind-up'
The Bahamas Development Bank (BDB) faces being “wound up”, at least in its present form, under a radical proposed restructuring of the Government’s small business support services that is tied to implementation of new legislation.
BORCO battles to recover $20-$30m in jetty damages
The Bahamas Oil Refining Company (BORCO) is embroiled in a court battle to recover $20-$30 million in damages caused when a ship collided with one of its jetties in late May 2012, it was revealed yesterday.
Public sector pensions 'fleecing the Bahamas'
Public sector trade unions are “fleecing and bankrupting the country” via unsustainable non-contributory pension schemes, a well-known businessman said yesterday, noting that Bahamas Electricity Corporation (BEC) staff were earning benefits that exceeded 25 per cent of salaries.
City Meat: 'Strong case' for lawsuit versus wholesalers
City Markets’ majority shareholder believes there is “an extremely strong case” for initiating legal action against the Bahamian wholesale industry for alleged breach of agreement, although it wants to leave the final decision to all investors.
Fraud convict seeking licence from Commission
Convicted fraudster, Derek Guise Turner, is set to meet with the Securities Commission of the Bahamas today in a bid to obtain a licence that would allow him to trade his own money, Tribune Business can reveal.
THE ART OF GRAPHIX: Get to the point on presentation
Presentations, designed by PowerPoint or other applications, are a great way to support a speech or visualise a complicated concept. But a bad one can achieve the opposite effect, distracting or irritating an audience.
BTC CEO 'confident' of 50 franchise stores
BAHAMAS Telecommunications Company (BTC) CEO Geoff Houston said yesterday that he was “very confident” that the telecommunications provider would get at least 50 franchise stores throughout the Bahamas, noting that the company already had its sights set on three stores in New Providence in the next three to four months.
Bahamas 'well positioned' for foreign direct investment
THE Bahamas is “well positioned” to capture a significant amount of foreign direct investment, according to Minister of State for Investments Khaalis Rolle, who noted that the recent Bahamas International Investment & Business Forum (BIIBF) had generated a “tremendous amount of activity”.
Congresswoman visits over business ventures
A US congresswoman brought a delegation of Florida business leaders to the Bahamas last week to discuss potential joint venture business opportunities.
