Bahamas produces 'only 10 per cent of what it consumes'
THE Bahamas produces only 10 per cent of what it consumes, according to Agriculture and Marine Resources Minister V Alfred Gray, who recently told the Inter-American Institute for Cooperation on Agriculture (IICA) that one of the main challenges facing the country was making agriculture an attractive option.
BTC to spend $10m more on 4G network
THE Bahamas Telecommunication Company (BTC) plans to invest at least $10 million more into its 4G network, according to the company’s CEO, Geoff Houston, who revealed that the company had already begun testing its Long Term Evolution (LTE) network.
Bahamians urged: 'Buy now' in West
THE “Baha Mar effect” has led to a surge in real estate activity in western New Providence, a local realtor yesterday urging Bahamians to “buy now”as a significant price appreciation on properties in the area is expected in the coming years.
GB Power: No rate rise from $18.3m asset recoveries
The Grand Bahama Power Company’s (GBPC) majority shareholder yesterday confirmed it had been given regulatory approval to recover $18.3 million tied up in retired generation units, although it emphasised this would not lead to an increase in customer tariffs.
'Breach of trust' fear blocked $3.8m HQ deal
Trustees for the City Markets employee pension fund would have “been in absolute breach of trust” had they sold the former supermarket chain’s head office to a Bahamian wholesaler for $3.8 million, with one charging the buyer “wanted something for nothing”.
City Markets payout battle set for court
The Supreme Court will likely have to determine whether ex-City Markets staff are entitled to one or both of their severance pay and pension savings, a spokesman for the workers yesterday saying he had been advised trust law “supersedes” the Employment Act.
Gov't eyes $138m spending slash
The Government is moving to cut recurrent spending projections by 5.6 per cent for the current fiscal year to compensate for a $120 million drop in revenues, with a Wall Street analyst yesterday saying execution would be “key” if it was to hit is deficit/debt reduction targets.
BISX explores Global Depository Receipt
The Bahamas International Securities Exchange (BISX) is exploring the creation of a Global Depository Receipt (GDR) that would allow international companies based in this nation to issue securities in any currency, its chief executive yesterday saying multi-million dollar investors had already expressed interest in the product.
Realtor lists '10 great reasons' to select Bahamas
A Freeport realtor gave an overview of ‘10 great reasons to buy real estate in the Bahamas’ during last week’s Bahamas International Business & Investment Forum (BIBIF).
MARKETING REVOLUTION: Targeting marketing is far more useful
My wife’s Blackberry makes an obnoxious sound every time an e-mail comes in.
Port assesses Haiti trade possibilities
Haiti’s Ambassador to the Bahamas has undertaken a first official, fact-finding visit to Grand Bahama to coincide with the Bahamas International Investment and Business Forum.
Chamber chief to step down
The Bahamas Chamber of Commerce & Employers Confederation (BCCEC) announced yesterday that its chief executive, Winston Rolle, will demit office on March 31, 2013, to focus full-time on personal business ventures.
20% pt truck tax slash a 'tremendous blessing'
A Bahamian auto dealer yesterday described plans to lower Excise Tax rates by 20 percentage points on certain trucks as “a tremendous blessing”, telling Tribune Business his sales in this category had fallen by 75 per cent since the 2010-2011 Budget.
Property tax rebate 'not enough reward' for current payers
While describing the Government’s real property tax amnesty/incentive programme as “a good start”, a well-known realtor yesterday said it should have offered rebates of up to 20-25 per cent to homeowners who were current on their payments.
City Markets: Choose pension or severance
The $2.5 million remaining from the sale of its leasehold interests will not be enough to fully compensate City Markets’ creditors, its principal revealed yesterday, adding that by law the company’s former employees were not entitled to receive both their severance pay and pensions.
