Lot prices 'prohibitive' via 20-30% infrastructure costs
INFRASTRUCTURE prices related to housing developments must be addressed, a well-known contractor telling Tribune Business y
Engineers unveil new Board line-up
THE Bahamas Society of Engineers (BSE) yesterday announced that in March 2012, Robert Reiss and Ray McKenzie resigned as president and secretary respectively. It added that it had selected a new Board that will govern t
BTC promises quality upgrade
The Bahamas Telecommunications Company's (BTC) has promised customers they will experience improved quality, speed and consistency of cellular service when it completes critical milestones in an 18-month, $42 million upgrade
Education key to alternative tax
EDUCATION and implementation will be key in the Bahamas' move to an alternative system of taxation, the Bahamas Chamber of Commerce and Employers C
'More than $40m' recovery target on key CLICO asset
CLICO (Bahamas) liquidation team is hoping to recover "considerably more" than $40 million from the liquidation of the Florida-based real estate project that accounts for 63 per cent of its assets, Tribune Business was told yesterday, with "huge interest" having been expressed in its remaining 283 acres.
Bahamas provider: 'Timing 100% right' for Swiss office
A BAHAMAS-based financial services provider that supervises $1.5 billion in client assets yesterday said "the timing is 100 per cent right" to open its new Switzerland office, and urged other local institutions to "seriously consider" expanding into their target markets.
$225m World Mart principals 'very encouraged' over Chinese meetings
ONCE of the principals behind the proposed $225 million trade market proposed for Freeport yesterday told Tribune Business they were "very encouraged" by the outcome of meetings with China-based strategic partners, and hoped to engage the new PLP government over a Heads of Agreement for the project shortly.
Implement VAT as 'matter of urgency'
THE Bahamas needs to be "well on its way within the next two years" to implementing a VAT/sales tax regime, the Ministry of Finance's leading consultant said yesterday, adding that this nation's tax revenues - as a percentage of GDP - were 10 points below the Western Hemisphere average.
Gov't 'knew' deficit was over $400m
WHILE acknowledging that the $93 million cost overruns on the New Providence Road Improvement Project would likely push this year's fiscal deficit over $400 million, a senior minister in the former FNM administration yesterday said the Christie government was seeking to backtrack on its "wild promises to deliver the moon".
Airline plans 30% Florida/Bahamas flight expansion
FORT Lauderdale-based Silver Airways announced yesterday that it had accepted delivery of two more Saab 340Bplus aircraft, its chief executive explaining that by year-end it will be able to increase flights on its Florida-Bahamas routes by 30 per cent.
Gov't moves to get small business 'back on track'
MINISTER of State for Investments, Khaalis Rolle, said yesterday that he is spearheading the move to implement the Small Business Act, telling Tribune Business the legislation would provide a modern framework to address many of the challenges faced by Bahamian small and medium-sized businesses.
Capitalise on the moment's emotion
AFTER an incredible five days in Rome, Italy, my wife and I arrived at New York's JFK airport at 4pm. My connecting flight had a 7.50pm boarding time, so technically I had plenty of time. Or so I thought. Several flights arrived at the same time, so the line for US Immigration seemed to stretch into infinity. We knew we would be there a long time.
Chamber chief urges: Pass SME Act in 'least possible timeframe'
MORE than 75 per cent of companies in the Bahamas are small to medium-sized enterprises (SMEs), the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman said yesterday, in urging the Government to pass the draft SME legislation "in the shortest possible timeframe".
Minister eyes tariff rises to aid chicken farmers
The Minister of Agriculture yesterday plerdged that the Government was prepared to look at increasing duty rates on imported chicken, in an effort to provide more of a level playing field for Bahamian producers.
First $10m recoveryfor CLICO creditors
Some $10 million raised from selling the property that accounts for 63 per cent of CLICO (Bahamas) assets has been returned to this nation for the ultimate benefit of the i
