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Overseas staff savings net $1m
TWELVE “non-essential” persons have been recalled from tourism offices in the United States, according to Tourism Minister Dionisio D’Aguilar, who said the move will save the government $1m annually.
Beach soccer teams lose matches on opening day
Both beach soccer teams for the Bahamas lost opening day matches as the discipline began group stage play last night at the National Beach Soccer Stadium.
Forget the past
ActivTrades
The international stock markets have experienced an up-and-down week. In the US, the rise in producer prices was spoiling investors’ buying mood at the end of last week and the Dow Jones Industrial Average (DJIA) was falling. The German benchmark index, DAX, reached a new record high on Friday and left trading with slight gains.
Sporting events brings in $13m
THE Bahamas is expected to earn more than $13 million in revenue from sports tourism in 2013, particularly due to the success of some recent events according to Tyrone Sawyer, director of sports tourism development at the Ministry of Tourism.
Bank targets stability, not growth, for 2013
Commonwealth Bank’s chairman has told shareholders that 2013 will not be about growth, but stability and strength.
Marathon generates almost $2m spend
MARATHON Bahamas organisers said yesterday that this year’s event generated around 2,000 room nights for the hotel industry, resulting in just under $2 million in overall tourist spend.
Realtor targets Chinese market
Mario Carey Realty (MCR) is going the extra mile – 3,840 miles to be exact - to attract buyers to the Bahamas.
Video highlights fears for dolphins at Blackbeard's Cay facility
ENVIRONMENTALISTS are continuing their opposition to the dolphin facilities at Blackbeard’s Cay with the release of a YouTube video documenting a fact finding exhibition to the development led by Re-Earth’s Sam Duncombe.
Gov't fiscal plans are 'bearing fruit'
THE Government’s fiscal turnaround plans are starting to “bear fruit”, the minister of state for finance yesterday pointing to the almost 50 per cent cut in its first quarter deficit year-over-year.
Youngest Callenders partner an asset recovery leader
Callenders & Co’s youngest partner has been named as one of the Bahamas’ top five asset recovery attorneys by the International Who’s Who of Business Lawyers.
Lourawls Nairn heads to Michigan
LOURAWLS Nairn will be taking his talents to East Lansing, Michigan, in the fall of 2014 after he verbally committed to the Michigan State Spartans yesterday.
AUDIO - Mitchell: Middle East trip will aid business
FOREIGN Affairs Minister Fred Mitchell says a recent trip to the Middle East has sparked new relationships which will assist in developing business and investments throughout the Bahamas.
‘Come to Jesus’ moment on BOB
Irate shareholders believe the country needs “a Come to Jesus moment” over Bank of the Bahamas, whose near $100 million losses have again exposed why the Government must “get out of business”.
13 ‘bad’ borrowers who sank BOB are revealed
The identities of the 13 ‘bad’ borrowers who sank Bank of the Bahamas (BOB), and caused its $100 million taxpayer ‘bail out’, can be revealed by Tribune Business today.
US judge slams broker chief’s ‘court disregard’
A Bahamian broker/dealer’s principal has been accused of “disregard for the court’s authority”, resulting in a New York judge blocking his bid to retreat from two multi-million dollar securities fraud lawsuits.
Broker denies Commission’s ‘deliberate stalling’ claim
A Bahamian broker/dealer has vehemently denied it is “intentionally stalling” its legal action against the Securities Commission, while effectively accusing its US counterpart of ‘ambushing’ it in New York court proceedings.
Investor questions BoB web shop lending 'link'
An irate Bank of the Bahamas shareholder yesterday questioned why it is seemingly “comfortable” lending money to buyers in a real estate project that has links to the web shop industry.
'Huge change' to VAT on tourism
The Government’s decision not to levy Value-Added Tax (VAT) on gross overseas sales and gratuities was yesterday branded “a huge change” that will ensure tourists are not directed away from the Bahamas.
Downgrade escape ‘not much comfort’
The Bahamas “cannot take much comfort” from maintaining its investment grade rating, the Opposition’s deputy leader yesterday suggesting it was “premature to celebrate” Value-Added Tax’s (VAT) gross $536 million return.
Port ‘within 50 TEUs’ of target
Arawak Port Development Company (APD) yesterday said it will close its 2016 financial year “within 50 containers of budget”, while calling for repairs to the harbour’s breakwater “sooner rather than later”.
