Archive | Business

BAIC Continues To Assist Bahamian Entrepreneurs

The Bahamas Agricultural and Industrial Corporation (BAIC) in keeping with its mandate of creating and expanding opportunities for Bahamians to participate in the economic development of the Bahamas, the Corporation highlighted one of its success stories of 2014. Through the corporation’s Business Advisory and Project Planning Division led by SENIOR Manager Lester Stuart, BAIC assisted […]

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Palm Cay Set to Release Phase 3 of Condo Project

Single storey units proving instant success story of marina living community, new phase to offer single and 2-storey options Palm Cay announced today it will open reservations slightly ahead of schedule for the third phase of its luxury condominium complex, The Anchorage, following demand that outpaced supply for the first two phases. Developers of the […]

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MOT Sets Sights On Middle East, Russia, And Emerging Markets

London, England: The Bahamas Ministry of Tourism is looking to the Middle East as it seeks to diversify its markets and attract more visitors to The Islands of The Bahamas. According to tourism Deputy Director Tommy Thompson, senior tourism executives held several discussions with tour operators from that region during World Travel Market (WTM) in […]

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Scotia Bank Allowed to Operate Without Impunity, Says Cash

Following Scotia Bank’s announcement to slash as many as 1,500 jobs and shut down at least 120 of its branches around the world including many of them in the Caribbean, Free National Movement (FNM) Chairman Darron Cash said that this announcement is “very disturbing” and he admitted to the Bahama Journal that both successive governments […]

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Gov’t To Select BEC Partner By Month’s End

The negotiation process between the government and bidders who seek to become a managing partner for The Bahamas Electricity Corporation (BEC) is expected to get underway soon, this according to Deputy Prime Minister and Minister of Works Philip Davis. He added that the government hopes to select this managing partner for BEC before the end […]

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Columbus International Inc. Agrees to Terms of Acquisition by CWC

Columbus International Inc. (“Columbus”) has reached a conditional agreement, subject to customary regulatory approvals, to be acquired by Cable and Wireless Communications PLC (“CWC”). The proposed acquisition, valued at US$3.025 billion, will enable the combined company to significantly accelerate growth, improve service delivery to customers in the region, offer customers a more comprehensive portfolio of […]

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Bahamas in talks with several European airlines

Tourism officials are anticipating an increase in airlift to The Bahamas from Europe, thanks to many promising discussions with travel partners at World Travel Market (WTM) in London. The Bahamas Ministry of Tourism is currently working on reintroducing direct charter flights from Italy to Grand Bahama, and bringing back direct flights from Germany. Visitors from […]

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MOT Expands Tourism Market

In an effort to boost tourism numbers, the Ministry of Tourism is on a mission to expand its target audience as it seeks to tap into the religious tourism market which is reportedly worth billions of dollars. Director of Religious Tourism Dwight Armbrister said that the ministry is targeting the United States and based on […]

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Exuma Business Outlook Set for Next Week

The 9th Annual Exuma Business Outlook is scheduled to take place Wednesday, October 22, 2014 at Sandals Emerald Bay Resort in Georgetown. This year’s theme is “Charting a Course for Growth in Exuma.” Transport and Aviation Minister, Glenys Hanna-Martin is the keynote speaker. Also slated to speak are President and CEO of BAF Financial, I. […]

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30 Businesses Registered For VAT

Just over 30 companies have registered online for Value Added Tax (VAT) since the online registration was launched earlier this week. The system was launched on October 13 and it is expected that all businesses meeting the taxable sales of $100,000 or higher within the next 12 months must complete registration by November 30. The […]

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