Mentoring initiative to combat 70% small business fail rate
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday said its Small Business Mentorship Programme aimed to save jobs and improve “the chance of success” for entrepreneurs in a sector that has a 70 per cent ‘failure rate’.
AML: Semi-annual dividend ‘next step in our progression’
AML Foods yesterday said it was aiming to further reduce a key expenses line to the “mid-27 per cent range”, while disclosing to Tribune Business that it was increasing dividend payments to a regular semi-annual frequency.
Big Game enjoys 20% room revenue growth
THE Bimini Big Game Club enjoyed a 20 per cent room revenue increase in 2012, its general manager said yesterday, telling Tribune Business that the resort was looking forward to a busy 2013.
Bahamas must ‘keep air fare credit open’
The Ministry of Tourism’s director-general said yesterday that its new marketing campaign, coupled with other initiatives, should ease the Bahamas’ reliance on Air Fare credits, while acknowledging that until then “we have to keep the shop open”.
Port agrees ‘framework’ for GB Power regulation
The Grand Bahama Power Company (GBPC) has signed a ‘Regulatory Framework’ agreement with the Grand Bahama Port Authority (GBPA) to govern how it will be supervised, with the former’s majority shareholder set to base its Caribbean regional headquarters in Freeport.
BTC promotion hands out $1.7m
The Bahamas Telecommunications Company (BTC) gave away $1.7 million in free texts, phone calls, and data during its ‘Gimme 10’ pre-paid customer appreciation promotion that ended on January 4.
BISX-listed firm’s affiliate in $75.5m ‘discrepancy’
There is a $75.5 million discrepancy over the sum allegedly held by a BISX-listed firm’s broker/dealer affiliate for a claimed multinational fraud, Tribune Business can reveal, with regulators having seized computers and a server from its downtown Nassau offices.
IDB: Gov’t estimates Sandy costs at $703m
The Government has estimated that Hurricane Sandy caused $702.8 million worth of damage when it struck the Bahamas last October, although one former finance minister said the figure seemed “extremely high”.
Hotels’ ‘cash flow’ fears on 28% credit card withholding
The Bahamas Hotel and Tourism Association (BHTA) is giving “the utmost priority” to resolving Washington’s requirements that US credit card
Working ‘feverishly’ on EU obligations after tariff cut miss
The Government is working “feverishly” to bring the Bahamas into compliance with its commitments to the European Union (EU) under the Economic Partnership Agreement (EPA), having missed deadlines for the first two rounds of import tariff cuts.
Over 100 companies apply, certified on roads compensation
The number of Bahamian companies applying for, and certified to obtain, relief from the Government’s roadworks compensation programme has exceeded 100 on both counts, a key Ministry of Finance official has revealed.
No matching Customs duty fall from VAT
Wall Street is not anticipating that the introduction of a Value-Added Tax (VAT) will lead to a matching drop in revenues generated from Customs Duties, a prominent Bahamian accountant believes.
Leaving webshops ‘illegal’ undermines financial status
The Bahamas’ status as well-regulated financial services jurisdiction will be undermined if webshop gaming is allowed to persist as an illegal activity, the Gaming Board’s chairman warned yesterday.
CIBC FirstCarib executive to address energy prices
CIBC FirstCaribbean’s director and head of its client solutions group, Martin Peichl, will speak on ‘Controlling Fuel Costs in the Current Climate’ this Thursday at the 13th Annual Caribbean Energy Conference.
CHAMBER VOICE: Don’t be dictated to by workplace culture
As you move from one company to another, there are some noticeable differences between organisations that are very formal versus those which are more casual and relaxed.
