Realtor unveils vacation home rentals division
Mario Carey Realty has launched a new division aimed specifically at handling vacation home rentals, a market it believes has unlimited growth potential.
BTC interconnection charges to fall '55% over next 3 years'
The Bahamas Telecommunications Company’s (BTC) interconnection charges “are expected to fall by up to 55 per cent over the next three years” under proposals released by the sector regulator, in a move to ensure increased competition is not thwarted by the incumbent’s inefficiencies.
Fidelity ‘overwhelmed’ via 75% fund growth
RoyalFidelity Merchant Bank & Trust yesterday said it had seen “overwhelming” 75 per cent growth in its fixed income mutual fund for 2012 to-date, adding that it was “having a hard time” keeping up with the pace of new subscriptions.
Developer aims to ‘kickstart’ market by paying full 10% Stamp Duty
A leading New Providence real estate development yesterday pledged to pay the full 10 per cent Stamp Duty on all purchases from it in a bid to “kickstart” the market, its chief executive telling Tribune Business the initiative was designed to maintain current property values.
$20m dividend to double Gov’t’s BTC return in 12 months
THE Bahamas Telecommunications Company (BTC) has almost doubled the Government’s return on its 49 per cent minority stake in 12 months, its chief executive yesterday saying the company was forecast to pay the Christie administration a further $20 million in dividends this year.
BTC sees 400% data explosion
THE Bahamas Telecommunications Company’s (BTC) chief executive yesterday said the company expects to complete its 4G roll-out across the country by end-September 2012, and introduce Long Term Evolution (LTE) service within the next 18 months.
Project targets $450k condo/slip package over Florida ‘uptick’
An eastern New Providence real estate project is aiming to develop a ‘condo/marina slip’ package worth less than $450,000 to accommodate a “significant uptick” in inquiries from the Florida boating market, having invested a further $10-12 million in its development this year to-date.
Match the product to your consumer
Sometimes, speculative inventors do not realise that if potential demand does not exist, they may not even be able to give the results away.
NIB ‘closes control gaps’
THE National Insurance Board (NIB) has been able to “close some control gaps” with help from a niche IT consulting company, whose managing director told Tribune Business yesterday that it was able to control revenue leakages and save firms money by supplementing their system checks.
Sir Milo's family defeats US over $8m 'con man' assets
The late Sir Milo Butler’s family has won a battle with the US Justice Department over who should have first claim to $8 million raised from the sale of assets forfeited by convicted Bahamas-based fraudster, Derek Guise Turner.
Bahamas second highest oil import spender in Latin American region
The Bahamas spends the second highest sum in the Latin America/Caribbean region, as a percentage of gross domestic product (GDP), on oil imports , something a senior private sector official yesterday described as “concerning”.
Poultry producer’s output up 20-30%
An Abaco-based poultry producer yesterday said its production had increased 20-30 per cent, its operations manager telling Tribune Business he was “very encouraged” by the response from many Bahamas-based wholesalers.
Cable fears basic TV 'cannibalisation'
Cable Bahamas fears its SuperBasic TV package could be “cannibalised” by obligations requiring it to provide a basic television service to unserved areas throughout the Bahamas, warning it could suffer “revenue” loss from consumers switching to the latter.
Development Bank help sought on EPA
THE Ministry of Financial Services has begun preparing a strategic plan for establishing the Bahamas as an internationally-recognised arbitration centre, Ryan Pinder told Parliament yesterday.
