Sandals occupancy 'soft' through New Year 2013
OCCUPANCY levels remain “soft” for the all-inclusive Sandals Royal Bahamian through New Year 2013, but its general manager told Tribune Business that the resort expected to see a significant pick-up during the 2013 first quarter.
Others to follow US FATCA lead
A Bahamian accountant yesterday said the other nations would ultimately push for arrangements similar to the US Foreign Account Tax Compliance Act (FATCA), warning that this will eventually result in tax information being more freely shared.
BFSB chief is panelist at London conference
The Bahamas Financial Services Board’s (BFSB) chief executive has been confirmed as a panellist for the Financial Times’ Global Summit on International Financial Centres (IFCs), which is being held on November 27-28 in London.
BFSB honours student winners
Students from Queen’s College and St Andrew’s have won the Bahamas Financial Services Board’s (BFSB) and Ministry of Education’s annual Essay and Speech Competition, scheduled as part of National Career Awareness Month.
Atlantis in ‘amazing 15-20% uptick’ over group bookings
Group bookings at Atlantis are on an “amazing 15-20 per cent uptick” pace for 2014 and 2015, the resort’s operator yesterday revealing that it could set a new Thanksgiving Day “record” thanks to its highly-anticipated basketball tournament.
Antigua insurer targets Bahamas
The Bahamian general insurance industry is set to become even more crowded, Tribune Business can reveal, as an Antigua-based carrier moves to enter the underwriting market.
Fishermen: Fuel concessions may drop costs 40 per cent
THE Bahamas Commercial Fishers Alliance (BCFA) will continue to push the Government to grant fuel concessions for commercial fishermen, its president telling Tribune Business yesterday that such a move could increase their profits by up to 40 per cent.
Loss adjuster notentitled to 50% Ivan profits share
A Bahamian insurance loss adjuster is not entitled to a 50 per cent share of “catastrophe profits” stemming from work done for RoyalStar Assurance in the Cayman Islands post-Hurricane Ivan, the Court of Appeal has ruled.
Panama trade mission 'tremendous catalyst' for Freeport growth
An upcoming January 2013 trade mission to Panama could serve as “a tremendous catalyst” for Freeport’s ambitions to become a logistics/distribution hub, a private sector leader yesterday saying representatives from 40-50 firms were likely to travel to Central America.
Fishermen make case on grouper extension
THE Bahamas Commercial Fishers Alliance (BCFA) is calling on the Government to conduct an assessment of the country’s fisheries stock, its president arguing that fishermen who are the “foremost observers of the marine environment” did not believe a three-week extension to the grouper season would negatively impact inventories.
BTC unveils Marsh Harbour upgrades
The Bahamas Telecommunications Company’s (BTC) latest revamped retail store opened in Marsh Harbour on Saturday.
Baha Mar chief aims to ‘double’ Europe airlift
BAHA Mar’s president is aiming to “double” airlift to the Bahamas from Europe by the time its $2.6 billion project opens in 2014, telling Tribune Business the developer was leaving “nothing to chance”.
Bahamas faces ‘big issue’ on OECD tax evasion move
THE Bahamas faces “a significant issue” in complying with the latest OECD/FATF tax evasion crackdown because it has no tax code of its own, as the Government seeks to place the financial services industry in “the most advantageous position possible”.
Bahamian 'xenophobia' on foreign investors hurts business ease
THE “xenophobic” attitude of many Bahamians towards foreign investors is hurting this nation’s Ease of Doing Business ranking, a well-known businessman arguing that the Government needed to tackle “the bureaucracy that sits below them” as a national priority.
Stella Maris already at 80% Christmas occupancy
Long Island’s Stella Maris resort is already posting 80 per cent occupancy levels for the Christmas/New Year holidays, its general manager saying that apart from cut-off tree stumps “no visitor would realise a hurricane came through here”.
