$14m Bay Street plaza 75% leased
A $14 million Bay Street plaza has leased 75 per cent of its available store space, one of its developers yesterday telling Tribune Business it was critical to all businesses ‘east of East Street’ for the long-promised waterfront boardwalk to be constructed.
Baha Mar's $200m wage bill boost
Baha Mar is set to generate $200 million in local wages during the $2.6 billion Cable Beach expansion’s first year in operation, with its staffing levels rising by about 125 per cent over current levels.
MARKETING REVOLUTION: Missing the point......and opportunity on Sir Sidney
When the announcement was made that the Paradise Island Bridge would be named after Sir Sidney Poitier, there was an immediate uproar in some quarters.
Minority investors 'clearly abused' in absence of Takeover Code
Leading institutional investors and brokers have backed plans to implement a Takeover Code as “absolutely essential” to orderly Bahamian capital markets, its absence having led to situations where minority investors were “clearly abused”.
Bahamas seeks further US trade preferences
The Government is seeking to further boost the manufacturing and trade economy by signing this nation on to the “broader concessions” offered by the US Caribbean Trade Partnership Act (CBTPA), a senior official yesterday indicating the move could increase the Bahamas’ $691 million annual exports to the US.
Course entrants equal to 6% of BREA members
Numbers equivalent to more than 6 per cent of the Bahamas Real Estate Association’s (BREA) total membership have registered for its licensing course since the organisation dropped the rule that barred part-time realtors from operating in New Providence, Tribune Business was told yesterday.
Clarification
$640m cumulative primary deficit
Government's revenue forecasts off up to 16%
The Government’s revenue estimates were off by as much as 16 per cent at the recession’s peak, a key Ministry of Finance adviser yesterday describing this as creating “a very serious problem” that at one point blew the primary deficit up to $640 million.
Upgrades to bring Registrar General 'into 21st century'
The Attorney General yesterday said the Government wanted the Registrar General’s Department to match leading ‘ease of business’ jurisdictions such as Singapore, adding that plans to make key services completely electronic would bring it “into the 21st century”.
American Eagle grows Nassau workforce 10%
American Eagle’s future in the Bahamas looks “very bright” despite indications it may be spun-off from its American Airlines (AMR) parent, having added seven new staff in Nassau during the past three months.
Bahamas pharmacist 'paid $4,000 a month' over illegal scheme
A Bahamas-based pharmacist was paid $4,000 a month for the use of his company’s name and licence in a scheme to export illegal prescription drugs from Freeport into the US, court documents have revealed.
Original developer: 'I felt like Don Quixote'
The original developer of an $11 million Eleuthera resort project yesterday said he was “as passionate as I was eight years ago” when he signed its Heads of Agreement, after construction work on its Marina Village component finally broke ground last week.
BTC: Right end, wrong means
The Bahamas Government is absolutely right to want Bahamians to own a larger share of the Bahamas Telecommunications Company (BTC), but their approach is wrong-headed and will cost this country in cash, in economic competitiveness and in reputation.
Striping business could hit $4.5m in five years
A BAHAMIAN striping company believes the demand for such services could reach $4.5 million over the next five years, adding that it was looking to create a highly skilled local industry to better compete against foreign companies.
Sandals to 'double' Fowl Cay property
SANDALS is primed to expand its high-end boutique resort on Fowl Cay in the Exumas, its chief executive describing the property’s performance to-date as “really strong”.
