Minister meets his Brazil counterpart
ENHANCING commercial and technical cooperation, and increasing trade between the Bahamas and Brazil, topped the discussions between minister of financial services, Ryan Pinder, and his Brazilian counterpart yesterday.
Business culture must ‘transform’ for VAT
AVOIDING any adverse impact on the Bahamian tourism and financial services industries will be the “real challenge” for policymakers in implementing a Value Added Tax (VAT), a financial executive said yesterday, while also noting that the business culture “will need to change”.
$100 goes a long way to marketing
Spend less than $100 and advertise? Of course it is possible, and this week I’m going to demonstrate how.
‘Thousands of jobs’ from multinational logistics
The Bahamas could create “hundreds, potentially thousands” of new jobs if it promotes itself as a logistics/distribution hub to major US multinationals, a Nassau-based specialist in the field saying this nation could become “as wealthy as the ancient empires” that sat astride major trading routes.
Mango principals to ‘ramp up’ over $3m investment
Transfer Solutions Providers (TSP), the Mango Card operator, will open its first retail location at the Mall at Marathon next month, its principals telling Tribune Business yesterday that after a more than $3 million investment to-date they were set to “ramp up” activities.
Purchase boosts NUA portfolio by $1.5-$2m
NUA Insurance Agents and Brokers yesterday said it had added 3,000 policies, and between $1.5-$2 million in annual written premium, to its business book by acquiring a portfolio held by one of its Eleuthera sub-agents.
Accountants blast Commission ‘snub’
Several of the Bahamas’ leading accounting firms have reacted furiously to a perceived snub by the Securities Commission’s executive director, something they believe is symptomatic of how they are discriminated against when it comes to bidding on major audit contracts.
5% GDP share for Agriculture still ‘attainable goal’
A 5 per cent GDP contribution from the Bahamas’ agriculture sector is an “attainable goal”, Bahamas Agricultural Producers Association (BAPA) president, Dr Keith Campbell said yesterday, acknowledging that the sector was definitely under producing.
'Shopping' around for the perfect picture
THE ART OF GRAPHIX: It is said that Adobe Photoshop really is the “best thing” since sliced bread. Really? Well, we all use it! We all love it!
BTC still working on 2,000 customer outage
BAHAMAS Telecommunications Company (BTC) crews are working around the clock to restore services to more than 2,000 customers affected when heavy equipment operated by Jose Cartellone Construction Company for the New Providence Road Improvement Project cut through a major cable on Wulff Road on Tuesday afternoon.
Rival wholesalers to ‘strive and survive’ despite Sysco/BFS deal
RIVAL BAHAMIAN wholesalers can survive competition from US distribution giant Sysco, one local wholesaler/retailer telling Tribune Business: “There’s room for everybody.”
Ex-BEC chair: 12-hour days were eliminated
The Bahamas Electricity Corporation’s (BEC) former executive chairman said yesterday that during his tenure some staff worked seven-day weeks, and 12 hours per day, to cope with the Clifton Pier power plant’s maintenance backlog.
Trust chief to unveil national parks plan
BAHAMAS National Trust (BNT) executive director Eric Carey will reveal its concept plan for the sustainable development of business opportunities in the national parks designated by the Government at this year’s Abaco Business Outlook (ABO).
Bahamas tops region's risks with over 40% food import dependency
The Bahamas is among the Western Hemisphere countries most vulnerable to global food price rises because it imports more than 40 per cent of its rice and wheat, with a leading food retailer warning Bahamians to brace for cost increases of at least “a couple of percentage points”.
Gas retailers seek further five cent margin increase
THE Bahamian petroleum retail industry remains “challenged”, several dealers said yesterday, suggesting it was time for the Government to look at the additional $0.05 per gallon margin increase contemplated under the previous administration.
