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PI condo complex beats sale forecast
The owner of the former Ocean Place condominium complex on Paradise Island yesterday said it plans to bring 32 units to market by March 2016, telling Tribune Business initial sales had been “better than anticipated”.
FNM deputy: Oil’s value in refining
The FNM’s deputy leader yesterday argued that the petroleum industry’s true value lay in refining, and said the Government need not determine whether commercial quantities of oil exist in the Bahamas before putting the issue to a referendum.
BAHAMAS 'PUNCHING WELL ABOVE WEIGHT' IN SHIPPING
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas "punches well above its weight" in the global maritime industry, the Bahamas Maritime Authority's (BMA) chairman saying yesterday that through its involvement with the I
Two Bahamians finish KPMG 'FATCA adademy'
KPMG (Bahamas) has announced that two members of its staff have completed specialist training for the implementation of Foreign Account Tax Compliance Act (FATCA). Annie Chinafat, a principal in its audit practice, and Kendell Pierre, an associate directo
Two Bahamians finish KPMG 'FATCA adademy'
KPMG (Bahamas) has announced that two members of its staff have completed specialist training for the implementation of Foreign Account Tax Compliance Act (FATCA). Annie Chinafat, a principal in its audit practice, and Kendell Pierre, an associate directo
Chamber chief: Atlantis 'back into uncertainty'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Atlantis has been thrust back into a state of uncertainty once again, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman, Winston Rolle, yesterday questi
Chinese deny alls oil involvement
Chinese deny alls oil involvement By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net CHINESE Embassy officials yesterday refuted claims that companies from their nation were partnering with the Bahamas Petroleum Company (BPC) in it
Chinese deny alls oil involvement
Chinese deny alls oil involvement By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net CHINESE Embassy officials yesterday refuted claims that companies from their nation were partnering with the Bahamas Petroleum Company (BPC) in it
Pinder: Sue for $13m over ‘Bahamas papers’
A former financial services minister yesterday suggested that this nation sue to recover the $13 million in Companies Registry search fees owed by the international journalists’ group responsible for the ‘Bahamas papers leak’.
KFC INDUSTRIAL DEAL TALKS START
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net EXECUTIVES of the Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) and KFC (Nassau) began negotiations on a new industrial agreement on Friday, with the union's vice-presid
'CONDITIONAL' WELFARE PAYMENTS BEING EYED
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Government is assessing whether to make social security benefits and welfare payments conditional on behaviourby their recipients, Tribune Business has been told. Labour Ministe
'BUY BAHAMIAN' PRODUCES STRONG WHOLESALE RESPONSE
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AN "increasing number" of Bahamian wholesalers and retailers are purchasing local produce, according to Bahamas Agricultural and Industrial Corporation (BAIC) executives, who recent
INDUSTRIAL UNREST 'NOT MOTIVATED' BY GENERAL ELECTION
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE recent escalation in industrial unrest is in no way motivated by the upcoming general elections according to prominent labour attorney and leader, Obie Ferguson, who has several
Natural resources: New fiscal regime under development
The Government is working with the Commonwealth Secretariat to finalise a new fiscal regime for the mining of sand, aragonite and other Bahamian natural resources, the Minister of the Environment and Housing said yesterday.
Cotton Bay developer: ‘Open up’ work permits
Prime Minister Perry Christie yesterday said the developers behind the proposed Four Seasons resort project at Cotton Bay had asked the Government to “open up on work permits”, so the development could maintain the brand’s standards.
BUSINESS FEARS OVER 1% NIB 'TAX' RATE RISE
By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Plans to increase National Insurance Board (NIB) contribution rates by one percentage point to 10.8 per cent will likely pose a challenge for many Bahamian businesses still seeking
DNA LEADER BLASTS RIVALS ON ATLANTIS
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net DEMOCRATIC National Alliance (DNA) leader, Branville MCartney, last night heaped blame on both PLP leader Perry Christie and Prime Minister Hubert Ingraham over the continuing $2.5
NO TOURISM IMPACT FROM ATLANTIS FIGHT
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE ongoing turmoil among Kerzner International's debt holders is unlikely to impact resort bookings and visitor perceptions of the Bahamas, according to tourism director-general Da
GOVERNMENT CONTROLLED HEALTHCARE 'DISASTROUS'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE GOVERNMENT should not be the sole manager of a National Health Care system, a leading doctor telling Tribune Business that such a move could be "disastrous". Well-known urologis
BTC INVESTING $750K IN FOUR STORE UPGRADES
THE Bahamas Telecommunications Corporation (BTC) has invested $100,000 to renovate its store in Treasure Cay, Abaco, as part of the continued effort to redefine its retail footprint. The new location is one of four stores set to open between March 22 and
