Norman's Cay 'set for take off' via Miami investor
A Miami-based real estate private equity firm’s bid to develop a high-end, boutique resort on Norman’s Cay is “about to take off”, a Cabinet Minister has told Tribune Business, with the Government “in the final stages” of providing all necessary approvals.
Speed Week targeting 2,000-3,000 room nights
BAHAMAS SPEED Week’s president said yesterday that if the event could generate 2,000-3,000 room nights it would be “well worth it,” telling Tribune Business the entire thrust was putting “heads on beds”.
Gov't urged to 'roll back' 45% medical gear tax barrier
A leading physician yesterday urged the Government to abolish import duties of up to 45 per cent on medical equipment, arguing there should be “no barriers” preventing Bahamian healthcare facilities from entering the medical tourism market.
Bahamas Ferries hotel JV gets 'green light'
Prime Minister Perry Christie yesterday confirmed the Government had given “the green light” to a joint venture involving Bahamas Ferries that would expand Eleuthera’s Coco Di Mama resort six-fold.
NAD appoints first female chief exec
The Nassau Airport Development Company (NAD) has appointed Vernice Walkine as its first Bahamian chief executive, with effect from March 2013.
Fishing tournament 'big game' for hotel
THE BIMINI Big Game Club Resort & Marina was close to 100 per cent occupancy during its recent Wahoo Smackdown tournament, its general manager telling Tribune Business the resort was actively targeting the “snow bird” market heading into the slower winter period.
Sports tourism sees 'exponential growth'
THE Bahamas is witnessing “exponential” growth in sports tourism, a Ministry of Tourism official telling Tribune Business this nation was benefiting from ‘millions’ in extra visitor spending as a result.
Venture fund seeks further $5m finance
The Government-sponsored venture capital fund is seeking a further $5 million funding injection from the Christie administration over the next three years, as it moves to focus on equity investments and ‘quality over quantity’.
Bahamas '200-300 years behind' on workplace safety
THE Bahamas is 200-300 years behind on work place safety regulations and training, a Bahamas Safety Alliance director telling Tribune Business there was an urgent need to tackle the issue.
Roads overruns $300m due to business impact
The New Providence Road Improvement Project’s so-called ‘cost overruns’ really total $300 million when the impact on affected businesses is factored in, a former leading retailer believes.
Controversy-plagued project mired in Privy Council fight
The 40-acre development that sparked a Canadian government warning on Bahamian real estate transactions has concluded its Privy Council appeal over the ownership of 11 lots, arguing that the new Planning and Subdivisions Act strengthens its case.
$6m economic boost via new Carnival ship
CARNIVAL Cruise Lines’ latest ship Carnival is expected to pump more than $6 million into the Bahamian economy over the next six months, the Minister of Tourism believes.
'Get rich quick' mentality undermining Bahamas society
For many years our country has entertained, and engaged in, the gambling and National Lottery debate. Everyone has seemingly made it a point to make their case known.
Roads compensation to only relieve '20-40% of pain'
The proposed New Providence Road Improvement Project compensation will relieve only “20-40 per cent” of the pain suffered by impacted businesses, a consultant expressing hope it might at least help some “get back in the game”.
Most SMEs 'hanging on by skin of their teeth'
Most Bahamian small businesses are “hanging on by the skin of their teeth”, a senior private sector official saying it was vital to implement the right support structure for their survival and growth.
