Wisconsin chief visits Bahamas at air show
Wisconsin’s governor visited the Bahamas’ booth in the International Federal Pavilion at EAA AirVenture, the mega aviation show that was held in that state between July 23-29.
BERMUDA'S $18M TARGET POINTS WAY FOR BAHAMAS OVER AIRCRAFT REGISTRY
By NATARIO McKENZIE
BTC in $100m EBITDA earnings forecast
THE Bahamas Telecommunications Company (BTC) is forecast to generate $100 million in operating income this current financial year, a 9.9 per cent year-over-year increase, one London-based analyst yesterday saying its majority shareholder believed it had sufficient “legal protection” to guard against the Government’s attempts to claim a 51 per cent stake.
Union president backs oil driller
The Trades Union Congress (TUC) president yesterday gave conditional backing to oil exploration in Bahamian waters, adding that his organisation and the unions under it were prepared to buy shares in the Bahamas Petroleum Company (BPC).
Air arrivals still 10-11% up on 2011
AIR arrivals to the Bahamas are up about 10-11 per cent for 2012 to-date, the Ministry of Tourism’s director-general said yesterday, telling Tribune Business that those to Grand Bahama were ahead about 15 per cent.
Ferry to bring 1,000 persons daily to Bimini
THE Bimini Bay Resort’s developers yesterday said they hope to attract at least 1,000 visitors daily into Bimini, with ferry service expected to come on stream in October.
URCA appoints general counsel
THE Utilities Regulation and Competition Authority (URCA) has appointed of Vincent Wallace-Whitfield as its general counsel with effect from August 1, 2012.
Management deal for Old Bahama Bay
THE Old Bahama Bay Resort & Marina’s owners yesterday confirmed that a new management agreement had been reached with property’s 73 condominium owners, featuring a Florida company run by Al Tenenbroek and others involved in operating/opening the hotel between 2007-2011.
Water Corp targets 60% private well use
THE Water and Sewerage Corporation (WSC) is aiming to expand its customer base “as much as possible”, its general manager telling Tribune Business yesterday it wanted to win back the 60 per cent of New Providence residents currently using private wells.
Gov't FATCA deal could 'severely compromise' the financial sector
A leading QC has urged the Government not to sign any agreement relating to the US Foreign Account Tax Compliance Act (FATCA) that involves automatic information exchange, warning that doing so would “severely compromise” the Bahamian financial services industry.
Property tax waiver 'wide open to abuse'
PRIVATE sector executives yesterday expressed concern that proposed legislative amendments to provide certain companies with real property tax breaks were “too vague” and “wide open to abuse”, failing to conform with best governance practices.
Accountants urged: Make case for offshore centres
Foreign minister Fred Mitchell has urged the BDO accounting firm’s Western Hemisphere members to help “make the case” that international financial centres such as the Bahamas benefit, and not harm, major developed countries.
Ensure logos reflect true business image
“Does my business need a logo?” Whether you are just starting a business or your business is well on its way, this question may have popped into your head more than once. The answer is totally yours, as you know your market and your plans for your business better than anyone else.
Resort bookings 'slow considerably'
Despite the Nassau/Paradise Island resort industry beating June occupancy forecasts by 1.5 per cent, the Bahamas Hotel Association’s (BHA) president last night said the sector remained concerned about anything that could “tamper with an already thin bottom line”, bookings having “slowed considerably” for the upcoming weaker months.
$30bn Government royalty earnings forecast from oil
The Government could earn a collective $30 billion in royalty income during “the first 10 years of production” if projected quantities of oil are discovered in Bahamian waters, an oil explorer yesterday saying this would put the nation’s finances “into the black pretty quickly”.
