$102m Baha Mar plant 'net project benefit'
Alternatives to the current design of Baha Mar’s proposed $102.3 million Seawater District Cooling (SDC) plant are not viable, its proponent arguing that the project has a “net benefit” and will cause only minimal coral loss in “an already degraded area”.
Full-time no longer required for realtor licence in Nassau
PERSONS in New Providence seeking a real estate broker’s license no longer have to be employed in the business full-time, Bahamas Real Estate (BREA) president Franon Wilson telling Tribune Business yesterday that the Association had updated its policy to reflect a recent Supreme Court judgment.
Ex-BREA president urges Act reform
A two-term former president of the Bahamas Real Estate Association (BREA) is calling for an amendment to the Real Estate Brokers and Salesman Act (1995), telling Tribune Business yesterday that the previous administration erred when it incorporated BREA into the Real Estate Board.
‘Scumbags’ hit Robin Hood re-opening with $30k theft
Efforts to re-open the former Robin Hood store off Tonique Williams-Darling Highway have hit a ‘major setback’, Mario’s Bowling and Entertainment Palace chief executive, Leslie Miller, telling Tribune Business yesterday that the store had suffered $30,000 in damages after thieves stole six air conditioning units last week.
'Uneven response' on FATCA
The Bahamian financial services industry has made “an uneven response” to-date to the US Foreign Account Tax Compliance Act (FATCA), a former Attorney General yesterday saying this nation’s laws would not have to be amended to comply with it.
'Noticeable' $20m high-end realty pick-up
Top realtors yesterday told Tribune Business they has seen “a noticeable pick-up” in the high-end property market in the last two months, with transactions worth $20 million either closed or in the process of completing.
Attorney urges Further reform of 'all or nothing' insolvency laws
The Government was yesterday urged to further reform the Bahamas’ “all or nothing” insolvency laws, a leading commercial attorney yesterday describing them as “archaic” and needing to become more “humane”.
Balancing risk with the reward
I want to take this opportunity to thank the many people that take the time to write or comment on marketing strategies I write about in these columns. Answering and researching these questions is one way I learn to become a better marketer.
BEC chair targets 25$ cost reduction
BAHAMAS Electricity Corporation (BEC) chairman, Leslie Miller, yesterday said getting the Clifton Power station “up to scratch” could reduce electricity costs by as much as 25 per cent, adding that he was aiming for a 70/30 power generation split between that site and the Blue Hills power station.
Bahamas launches major promotion at top air show
The Bahamas is launching a major promotion at the upcoming AirVenture Show, in Oshkosh, Wisconsin, in a bid to increase private pilot business for this nation.
Super Value chief warns on 6% food price increase
Super Value’s president yesterday warned Bahamians to brace for an overall 6 per cent increase in food prices, with corn costs set to send beef and milk “through the roof”.
Manufacturers call for separate, lower electricity rate
BAHAMIAN MANUFACTURING companies yesterday said they should be charged a lower electricity rate than other consumers, one firm telling Tribune Business he was paying $60,000-$70,000 monthly in energy costs.
‘Unusual’ full allocation from $200m bond issue
The Government’s $200 million bond issue has been fully subscribed, one leading banker telling Tribune Business it was “sort of unusual” that his institution received its full allocation.
Fidelity: Refinance drives 9.5% growth in loan portfolio
Fidelity Bank (Bahamas) is on track to beat 2011’s net profit by more than 60 per cent, although its chief executive yesterday said the 9.5 per cent growth in its loan book during the 2012 first half did not come from “originating new credit”.
