Cable expecting Gov't approval 'in 30 days' on $89m US deals
Cable Bahamas is expecting to receive Bahamian government approval for its $89 million worth of US acquisitions within the next 30 days, Tribune Business can reveal.
Minister pledges financial services Innovation council
The Government has pledged to create an Innovation Council to develop new financial services products, as it aims to develop the Bahamas into a “vibrant, robust” international business centre that rivals tourism’s economic contribution by 2023.
Diplomat 'can't figure out' why no Bahamas-Panama trade take-off
Panama’s honorary consul to the Bahamas “can’t for the life of me figure out” why trade opportunities between the two nations have not been better explored, telling Tribune Business that the Central American state offered this country “substantial” savings in areas such as food and auto imports.
Broker's closure takes $1.5m out of economy
A broker/dealer that became embroiled in a controversial fight with both Bahamian and Canadian regulators yesterday said it was closing down, leaving 15 Bahamians out of work and taking an estimated $1.5 million out of the local economy.
Graycliff 'finalising' six airport lounges
GRAYCLIFF is “finalising the details” to expand its airport lounge concepts to six more locations within the US and the Caribbean this year, a senior executive has told Tribune Business. a
Bahamas targets wellness tourism
HEALTH and wellness services could become a ‘niche’ tourism sector for the Bahamas, an industry executive telling Tribune Business that a local chapter of the Caribbean Spa & Wellness Association (C-SWA) is set to be formed this year. The move is designed to put the Bahamas on track to becoming one of the leading health and wellness vacation destinations.
Gov't targeting key global IP recognition
The Government wants the intellectual property registry at the Registrar General’s Department to become recognised by the area’s leading global authority, the Attorney General said this weekend.
CHAMBER VOICE: Think before the expansion leap
In a familiar passage of sacred text, Jesus tells Simon Peter, an experienced fisherman, to launch out into the deep and cast The Net on the other side.
'Shut down' worry on $1m recycling facility
A BISX-listed company yesterday pleaded with the private sector to help make its $1 million cardboard recycling investment “work”, telling Tribune Business it wanted to avoid the initiative’s “shut down”.
New GBPA ownership, Hawksbill deal vital to Freeport revival
An “extended or whole new Hawksbill Creek Agreement” and a change in the Grand Bahama Port Authority’s (GBPA) ownership are vital ingredients for attracting wealthy investors to Freeport, a prominent attorney said yesterday.
Knockout Punch?
The Punch tabloid newspaper is facing a winding-up petition over an alleged $16,581 debt it owes to the sisters of its owner/publisher, court documents have revealed.
BEC exceeds overtime by 27-38% over three years
The Bahamas Electricity Corporation (BEC) exceeded its overtime budget by between 27-38 per cent during its last three financial years, with almost two-thirds of the 2012 overruns incurred in the Family Islands.
PM backs Arbitration Council’s formation
The Prime Minister has authorised the formation of a nine-member Arbitration Council as a first step in developing this nation as a major dispute resolution hub, a Cabinet Minister saying yesterday: “We want to be the arbitration gateway to Latin and North America”.
$30m Old Fort Town Centre 90% leased
THE New Providence Development Company (NPDco) has leased out 90 per cent of the retail space in its $30 million Old Fort Bay Town Centre, Tribune Business was told yesterday, as it moves to finalise arrangements for a second anchor tenant.
Gov't 'confident' on $250m BEC bond's full take-up
THE GOVERNMENT is “very confident” that its guaranteed $250 million Bahamas Electricity Corporation (BEC) bond issue will be fully suscribed, a Cabinet Minister said yesterday
