Product promotion critical to ‘raise Bahamas profile’
THE private sector was yesterday urged to take the lead in “raising the profile” of the Bahamas by better promoting its financial services products.
GBPA officials on Panama mission
PANAMA TRADE MISSION: During an official reception, Panama’s vice-minister of foreign trade, Jose Pacheco (centre), welcomes the Minister for Grand Bahama, Dr Michael Darville (left) and Ian Rolle, president, the Grand Bahama Port Authority (right).
Attorneys: Real estate legal work down 90%
Two leading attorneys yesterday said real estate-related legal work in Freeport was down by “more than 90 per cent” compared to pre-recession levels, with an Albany or Baker’s Bay-style development vital to a market turnaround.
Privy Council to Bahamians: Record land deals 'at once'
Bahamians were yesterday warned by the Privy Council to register their land deals with the Registrar General’s Department “at once”, after it gave the developers at the strife-torn Oceania Heights project something to smile about.
Gov't unveils $250m BEC bond
The Government yesterday unveiled a planned $250 million bond to refinance the troubled Bahamas Electricity Corporation (BEC), saying it was “the first step to rehabilitate” its financial position.
Web shops: Licensing indicated we'd be legal
ATTORNEYS representing web shop operators yesterday said the Government knew full well what the industry involved, arguing that the licensing of such enterprises would have formed a “legitimate expectation” of their legalisation.
Realtors fear sales 'flattening out' if no duty exemption
Leading realtors yesterday urged the Government to extend the $500,000 first-time buyer Stamp Duty exemption beyond its current June 30 expiration, warning that its end would cause sales to “flatten out” in the most critical part of the Bahamian market.
The art of understanding
It is typical human nature to admire beauty around us. We commonly associate art with a painting or sculpture displayed in a museum or art gallery, but it is everywhere, in many forms, and holds significant value in our lives.
Scotiabank sponsors regional energy forum
Scotiabank was a sponsor of the recent 13th Annual Caribbean Energy Conference held at Atlantis, Paradise Island.
BEC owed $143m by private sector
THE cash-strapped Bahamas Electricity Corporation (BEC) is currently owed $143 million by the Bahamian private sector, its chairman said yesterday, adding that it was sinking further into financial problems.
BEC to 'reschedule' $12m overtime bill
THE Bahamas Electricity Corporation`s (BEC) excecutive chairman yesterday said it will move to a rostering and scheduling system with effect from February 1 in a bid to reduce its more than $12 million annual overtime bill.
Summit set to address 'slow' captive growth
This weekend’s International Business and Financial Summit (IBFS) will address why the Bahamas has been seeing “relatively slow” growth in its captive insurance business, despite its remodelled External Insurance Act.
Renewables can cut electricity price 75%
RENEWABLE energy could help drive Bahamian electricity prices down to 10-15 cents per kilowatt hour, compared to their current 40 cents level, the Minister of the Environment said yesterday.
Bimini Bay developer in $106k 'fraud' stay
The Bimini Bay Resort & Casino’s developers have succeeded in arguing that a US court should send a lawsuit filed by a former condo purchaser, who is alleging he was “defrauded” of $106,000, into arbitration in the Bahamas.
MARKETING REVOLUTION: Getting the script right
Just a short time ago it was easy to tell a locally-produced commercial from an international one. Any locally produced commercial was horrible.
