Baha Mar sales process exposed
Baha Mar’s current owner leapfrogged all rival bidders in less than two weeks to become the property’s chosen buyer despite its $1.3bn offer coming from outside the formal sales process.
Financial industry hails ‘certainty’ on tax residency
Financial services executives yesterday hailed the government’s plans to codify its tax residency initiative via legislation as providing “certainty and transparency” for both investors and global regulators.
Bahamas ‘catching up’ in Dorian’s wake
The Bahamas’ major tourism promotion board saw website conversions jump ten percent during 2020’s first week as it anticipates “record numbers” from post-Dorian marketing efforts.
Sarkis in $40m Rosewood ‘buy out’ proposal
Sarkis Izmirlian made a $40m offer to buy-out the Rosewood hotel property from the rest of Baha Mar after the property was placed into receivership in late 2015.
Bahamas still ‘in the blind’ over France’s blacklisting
The Bahamas is in “the blind” over France’s decision to “blacklist” its financial services industry, the deputy prime minister said yesterday, with Paris yet to justify why it took such punitive action.
BAIC urges artisans to exploit plastic bag ban
The Bahamas Agricultural and Industrial Corporation (BAIC) says straw artisans can exploit the ban on single-use plastic bags to increase their own sales by creating alternatives.
Abaco's 'total eclipse' on 10,000 home jobs
An ex-Bahamian Contractors Association (BCA) president yesterday predicted a rebuilt Abaco will "totally eclipse" its pre-Dorian look with up to 10,000 jobs created by the Government's 400 homes plan alone.
Fresh doubts on Shell role in new power plant deal
A Cabinet minister yesterday raised fresh doubts over whether Shell North America will be involved in financing, constructing and owning New Providence’s proposed multi-fuel power plant. Desmond Bannister, minister of works, told reporters outside t
'Chicken and egg': GB Power eyes 50% cost drop for east
Electricity supply restoration to east Grand Bahama was yesterday branded “a chicken and egg situation” as the island’s utility eyes potential solutions that will slash its costs by 50 percent.K Peter Turnquest, pictured, deputy prime minster and the
RoyalFidelity's 'major step' over Caribbean expansion
A Bahamian investment bank yesterday said it had taken “a major step towards” realising its Caribbean expansion ambitions by finally closing the purchase of a $150m Cayman-based pension portfolio. Michael Anderson, pictured , RoyalFidelity Merchant
Central Bank's 'game changer' over settlement
Payment services providers yesterday hailed the move allowing them to establish settlement accounts with the Central Bank as “a game changer” for the sector and the digital Bahamian dollar roll-out. Harvey Morris, Omni Financial Services’ chief exec
Bahamas still 'in the blind' over France's blacklisting
The Bahamas is in “the blind” over France’s decision to “blacklist” its financial services industry, the deputy prime minister said yesterday, with Paris yet to justify why it took such punitive action. K Peter Turnquest said: “I saw a listing today
Baha Mar attracted 2m visitors in 2019
Baha Mar yesterday said it rounded off a year in which it attracted more than two million visitors with 100 percent occupancy during the Christmas season. The Cable Beach mega resort, in a statement to Tribune Business, said: “2019 proved to be a mo
BAIC urges artisans to exploit plastic bag ban
The Bahamas Agricultural and Industrial Corporation (BAIC) says straw artisans can exploit the ban on single-use plastic bags to increase their own sales by creating alternatives.Debbie Strachan, BAIC’s acting general manager, said it will when promo
Business Outlook gives summit speaker line-up
The upcoming Bahamas Business Outlook conference will focus on how multiple post-Hurricane Dorian challenges can be converted into quality rebuilding, modernisation and growth opportunities. ssembling some heavy hitters to explore the theme of this
