Chamber's '8-point' plan' for Eleuthera's recovery
THE Eleuthera Chamber of Commerce is calling for the island to be included under the Family Island Development Encouragement Act as part of an eight-point “revitalization and commerce initiative”.
Minister: Ethanol project could generate 4,000 jobs
THE MINISTER of Financial Services, Ryan Pinder, said he plans to work closely with the Grand Bahama Port Authority (GBPA) to position Freeport as the “dominant trade hub” for Latin America, while also noting that December 2014 was the target for full World Trade Organisation (WTO) membership.
Doctors opens Medical centre
THE Bahamas Medical Centre, on Blake Road, which will play a key role in Doctor’s Hospital’s international patient programme, is now officially open.
Port, Hutchison inaction creates 'forgotten island'
The Grand Bahama Port Authority (GBPA) and its leading private sector partner, Hutchison Whampoa, have failed to meet their statutory commitments to market/develop Freeport, a senior attorney arguing their inaction had resulted in it becoming “the forgotten island”.
Gov't eyes 'third party' to regain BTC majority stake
The Government is exploring whether “a third party” could take a minor stake in the Bahamas Telecommunications Company (BTC) and thus return the company to majority Bahamian ownership, a Wall Street credit rating agency has revealed.
Bahamas' GDP per capita fell 11.2% during recession
The Bahamas’ economic output per person declined by a total 11.2 per cent, or almost $3,000, between 2007-2011, Standard & Poor’s (S&P) warning that this “lags the growth rates” of countries with similar sovereign credit ratings.
Water supply JV to move at 'full speed'
BISX-listed Consolidated Water is aiming to move “full speed ahead” with its 50/50 western New Providence water supply joint venture in the coming weeks, pledging that customers in the area will see improved water quality by 2012 year-end.
Property tax expiry 'once in lifetime' Freeport fix chance
The Government has a “once in a lifetime opportunity” presented by the expiring real property tax exemption to force Hutchison Whampoa and its Grand Bahama Port Authority (GBPA) partner to “fix Freeport”, a prominent attorney is arguing.
CHAMBER VOICE: A rallying cry for Bahamian ownership
As we pause to celebrate our National Heroes as individuals who have done good for the Bahamian people and nation, the local business community and the entire working class must also pause to evaluate our progression in industry.
Economic recovery not strong enough to dent unemployment
The Bahamas’ economic recovery to-date has not been strong enough “ to achieve substantial gains in employment and a broadening of private sector demand”, the Central Bank noting that commercial bank loan arrears had almost hit the 20 per cent mark.
BTC to offer iPhone plans
The Bahamas Telecommunications Company (BTC) will on October 8 offer customers Apple iPhones complete with an annual plan that includes voice, data and text.
BFSB and partners to stage FATCA seminar
The Bahamas Financial Services Board (BFSB) is hosting a follow-up seminar on the US Foreign Account Tax Compliance Act (FATCA) on October 29, 2012. It is working in cojunction with the Ministry of Financial Services and the Professional Industry Associations (PIAs) that are part of its Professional Industry Association Working Group (PIAWG).
Water resources facing climate change challenge
THE impact of climate change on water resources, along with the measures that can be taken to combat this, were highlighted during recent high level sessions at the Caribbean Water and Waste Water Association (CWAA) annual conference and exhibition.
'Power partnerships' key for entrepreneurs
By Natario McKenzie
Bahamas 'on target' for 6-7% tourist arrival rise
A senior Ministry of Tourism official yesterday said the Bahamas was “on pace” for total 2012 tourist arrivals to finish 6-7 per cent ahead of last year, with visitor numbers around 5.6-5.7 million “or higher”.
