Owner seeks $375k for Conch Fritters
A WELL-KNOWN downtown Nassau restaurant could “really take off” if the right buyer arrives to acquire it for $375,000, Tribune Business was told last week.
Cable 'not ecstatic' over URCA decision's $1.9M revenue loss
CABLE Bahamas is “not ecstatic” that URCA will require another three months post-consultation end to decide whether to approve its application for a 27 per cent SuperBasic increase, as this will cost it another $1.92 million in estimated revenues.
Minister targeting top Swiss banks' 'new business units'
THE Minister of Financial Services is this week aiming to encourage three of the largest Swiss private banks to domicile “new business units” in the Bahamas, boosting employment and entrepreneurial opportunities in the sector.
Contractors: 55% citing 'unfair bidding practices'
A SURVEY has revealed that 55 per cent of Bahamian contractors regularly experience what they consider “unfair” bidding practices, with a senior Bahamian Contractors Association (BCA) official telling Tribune Business it was seeking greater transparency in the Government procurement process.
No sex please, we're working
SEX in the workplace could certainly be an uncomfortable conversation for some, but as we look the world over, it is clearly a topic of dialogue that we must meaningfully engage in, as it impacts so many.
Cable confirms URCA's Freeport 'no jurisdiction
CABLE Bahamas has confirmed that the Utilities Regulation and Competition Authority (URCA) cannot regulate its services in Freeport, technically enabling it do whatever it wants with pricing and services in the nation’s second city.
Contractors bill in final stages
LEGISLATION to regulate the Bahamian construction industry is in its final drafting stages, the Minister of Works and Urban Development telling Tribune Business the Government would look to have the Bill laid in Parliament “as soon as possible”.
Contractors chief urges client bonds
BAHAMIAN contractor's Association (BCA) president Godfrey Forbes said that payment bonds for contractors should be considered, telling Tribune Business that many contractors were unable to secure payment from clients even after completing projects to satisfactory standards.
Oil explorer: Test well to cost $1M daily
BAHAMAS Petroleum's chief executive said that $30-$40 billion would be spent in the development, construction and production phase of the company's oil exploration project.
'I'll set the record straight over real estate'
Disgruntled investors have told the Canadian government that “the Bahamas justice system appears to be stuck in neutral” in handling their complaints over a $52 million real estate development, blasting perceived ‘inaction’ by both the current and former administrations.
'Can URCA approve Cable's 27% price rise in Freeport?'
Questions were yesterday raised over whether the Utilities Regulation and Competition Authority (URCA) could approve a 27 per cent rise in Cable Bahamas’ SuperBasic price in Freeport, given that a 2011 Supreme Court ruling found the regulator could not levy fees on the company’s Internet earnings in that city.
Direct airlift could increase Long island hotel revenues 20-25%
Direct airlift from Florida would boost annual revenues at all Long Island tourism properties by 20-25 per cent in the long-term, the Long Island Chamber of Commerce’s president told Tribune Business yesterday.
Ex-finance minister urges Gov't way to FATCA compliance
THE Bahamas should look at signing an Intergovernmental Agreement (IGA) to comply with the US Foreign Account Tax Compliance Act (FATCA), a former finance minister said yesterday.
Restaurant targeting 'best in Cable Beach'
A well-known eatery is aiming to become “the best Bahamian restaurant destination” for Cable Beach tourists, after its owners decided to pull it off the market and invest $35,000 in a revamp and name change.
