Canada issues investment warning against Bahamas
Senior private executives last night reacted with alarm after the Canadian government issued an investment advisory on Bahamian real estate transactions, warning that any disputes “could be prolonged and costly to resolve”.
$24m casino unveils 'South Beach' look
Resorts World Bimini Bahamas, the multi-million dollar gaming facility set to open in the 2013 first quarter, has unveiled renderings showcasing the completed venue.
Grand Lucayan 'big fish' urged: Change strategy
THE Grand Lucayan was yesterday urged to refocus its marketing strategy and leave Bahamian business for the smaller properties on Grand Bahama, a Freeport hotelier telling Tribune Business it seemed as though the resort was not going after the international market “in any real way”.
BFSB marketing Bahamas in Asia
The Bahamas Financial Services Board (BFSB) is continuing to push this jurisdiction in Asia, using its participation in two major conferences to promote the country’s wealth management advantages.
$5m expansion to 'double' marina
The new owners of Long Island’s Flying Fish Marina yesterday said they were planning to invest “at least $5 million” to upgrade the property, doubling both full-time staff and boat slips.
URCA to launch Consumer Council
THE Utilities Regulation and Competition Authority (URCA) will launch a public consultation on consumer protection and rights regulations later this year, its director of policy and regulation, adding that it also planned to form a Consumer Advisory Council.
'Oversubscribed' AML offer attracts $10m
AML Foods yesterday confirmed Tribune Business’s Monday article by disclosing that its preference share issue had been oversubscribed by $2.5 million, adding that the extra sum would be used to boost cash flow by taking out short-term bank debt.
Owner pays off '7-figure debt' via marina sale
The Long Island Chamber of Commerce’s former president yesterday told Tribune Business he had “no regrets” about selling the well-known Flying Fish Marina, as it had enabled him to pay off “seven figure debt” and focus on his Shell franchise.
A graphic expansion in employment numbers
THE ART OF GRAPHIX: The impact of design is everywhere, especially in the layouts of ‘local’ magazines, the Starbucks coffee cup, business letter heads and websites, perhaps even etched on the pen you are using right now.
BISX-listed firm's affiliate embroiled in '$140m fraud'
The head of a BISX-listed company yesterday told Tribune Business that it had “not been impacted at the moment” by its broker/dealer subsidiary becoming embroiled in an alleged $140 million investment fraud.
Atlantis eyes 10% growth in rates
THE Atlantis resort expects to be at full occupancy for Thanksgiving weekend with bookings being driven by its Battle 4 Atlantis tournament, Kerzner International spokesman Ed Fields telling Tribune Business yesterday that the resort’s rates were up about 10 per cent year-over-year.
Oil exploration 'might disappoint' over initial jobs
While the relatively small number of local jobs created during the initial stages of oil exploration “might disappoint” Bahamians, the Bahamas Petroleum Company (BPC) has projected that 300-500 posts would be created if commercial quantities were discovered.
Cable urged to reduce costs before fee rises
CABLE Bahamas has been urged by consumers to reduce its internal costs before seeking a 27 per cent increase in the price of its basic cable TV service.
School creates tourism, agriculture ‘marriage’
The Bahamas “must create a marriage” between its agriculture and tourism sectors to create economic sustainability, a senior tourism official yesterday describing the Memorandum of Understanding (MOU) between the Ministry of Education and the Sheraton Hotel as a “small step” towards that goal.
Attorney set to lead renewable workshop
BAHAMIAN environmental attorney and consultant, Romauld Ferreira, is set to lead a workshop at the Caribbean Renewable Energy Forum in Puerto Rico to review proposed legislation governing renewable energy.
