Trinidad group in minority stake in Freeport brewer
A TRINIDAD conglomerate, with extensive liquor, brewing and drinks manufacturing interests, has obtained all necessary regulatory approvals to acquire a “minority interest” in Freeport-based Bahamian Brewery and Beverage Company.
Taxi chief backs conduct code to eliminate all ‘undesirables’
The Bahamas Taxi Cab Union’s (BTCU) president has backed the proposed new “code of conduct” for drivers as a way to remove an “influx of undesirables” from the industry.
Pay TV subscribers in lowest fall for six years
Pay-TV subscribers suffered their lowest annual decrease for six years in 2022 with all other communications segments reporting a modest increase in consumer numbers, sector regulators have revealed.
URCA: Only 305 renewable systems working in Bahamas
The Bahamas remains a long way from generating 30 percent of its energy mix from renewable sources by 2030 even though last year saw a 26 percent increase in installed capacity from such systems.
Improved lending, business climate vital on bank fees
The Central Bank's governor says an improved lending climate and reducing the costs of doing business are critical to lowering the commercial bank fees hated by many Bahamians.
Baha Mar teases Melia plan as volumes up 20%
Baha Mar’s president yesterday hailed an “extraordinary first quarter” and “record March”, with 2023 business volumes up 20 percent year-over-year, as he revealed plans to redevelop the still-closed Melia resort will be unveiled imminently.
Nassau/PI hotels see 35% ‘business on books’ jump
Nassau/Paradise Island hotels are eyeing a 35 percent year-over-year increase in “business on the books” for 2023, it was disclosed yesterday, with “loaded” airline seats through June also up on 2022.
MSC joins Freeport deal targeting October close
The Grand Bahama Port Authority’s (GBPA) president yesterday said October is being targeted for completion of a $70m Freeport Harbour deal in which Mediterranean Shipping Company (MSC) has teamed with Royal Caribbean.
Authorities target taxi inspection crackdown
The “completely antiquated” Road Traffic Act is set for a major overhaul, it was revealed yesterday, as the authorities also prepare to crack down on taxis “circumventing and bypassing” the vehicle inspection process.
Taxi drivers face ‘code of conduct’
Traffic authorities are planning a shake-up of the taxi industry’s regulatory regime that will require drivers to sign-up to, and abide by, a “code of conduct” with an announcement on fare changes due as early as next week.
IAN FERGUSON: Ways to grow without losing peace of mind
Every business, small or large, has growth on their agenda. The type of growth varies from revenue generation, store location, physical space and number of employees to any other metric that the specific company views as critical.
SBDC: Poultry producer received ‘all funds due’
The Small Business Development Centre (SBDC) says “all funds due” to an Abaco-based poultry producer for a solar energy project have been paid over while denying that any sums remain outstanding.
Food retailers ‘not too good’ over price control flexibility
Food retailers “don’t feel too good” that the Government could reintroduce an expanded price control regime in the future as they yesterday questioned the extent of the initiative’s success.
Minister urges UN take over of global tax woes
A Cabinet minister yesterday called for the creation of an independent multilateral body to review all tax-related blacklistings of The Bahamas and other small jurisdictions over what he described as “technical deficiencies”.
