The Bahamas Investor

...told the Governor General that he accepts full responsibility, as Minister for Grand Bahama, for all matters outlined in his portfolio which include: Improving relations with the Grand Bahama Port Authority; Revitalisation and promotion of Grand Bahama as a tourism and industrial centre; Extension of duty free concessions to East and West Grand Bahama; Promotion of agricultural development in Grand Bahama; Advancement of health and educational inf......

...he benefit of having international expertise within your borders enables a free flow of ideas and fosters innovation.” “The Bahamas is extremely fortunate—we are the beneficiaries of man-made and natural advantages. Improving upon these platforms is key to staying ahead of the game.” Speaking of challenges facing the sector this year, the BFSB head said tax regulation would continue to be an issue. “Regulation such as tax continues to be a major d......

...n Plan and Time-sharing Act • Hawksbill Creek Agreement Act Areas targeted for foreign investors Following is a list of certain investment areas especially targeted for international investors. However, the list is not exhaustive, and investors interested in areas not included should consult BIA. Joint ventures with Bahamian partners are encouraged, with the choice of partner being at the discretion of the investor. 1. Touristic resorts. 2. Upscal......

...The VAT-free shopping scheme and the 2015 Andros Bahamas Business Outlook conference topped the business news agenda at the end of last week.......

...largest manufacturer and distributor of spirits, wine and beer was a debt-free company with ownership that included more than 3,000 Bahamians. Revenue increased $5 million from $119 million in 2013 to $124 million in 2014, a hike of 4.2 per cent. Net income stood at $18.2 million, earnings per share were $0.61 and the company paid $18.3 million in dividends. “The business environment in The Bahamas in 2014 was challenging,” said Hans Neven (left)......

...John Rolle. “What we have heard so far is evidence that the greatest need for information is on the part of the consumer as businesses have made it a point of learning as much as they can to date. It’s clear that the upcoming schedule for VAT items and exemptions will be very helpful.” Government intends to publish the first schedule for consideration on January 17. A series of town meetings is planned with the first set tentatively for Exuma nex......

...L and the Guardian Media Group. Wendall Jones will moderate the panel. Admission is free with advance registration by March 20 at my.cob.edu.bs. For more information call 302-4594 or email aacleare@cob.edu.bs.......

...ke of branding the Caribbean as “a special place of diverse beauty, stress-free and unpolluted” before explaining that mobile apps could reach a whole new generation of potential clients. “By using travel apps, we can get directly to this tremendous market.” Donald said Caribbean states need to be innovative and refine their tourism product. “We cannot be afraid of competition,” he told conference attendees. “We cannot be complacent. We have to st......

...The Panama Canal is expected to double its capacity when its expansion is completed next year. Freeport’s maritime industry is predicting a huge boost in business from this project and St George says the phase five expansion of the city’s container port will allow it to process up to 2 million TEUs a year and create 200 jobs over two years. “The shipping business is shaping up to be something we have never seen before,” she told attendees at the......

...it is a commonwealth country, like The Bahamas, makes for a very easy and comfortable relationship.” Given the strength of its banking sector and relatively sound economic performance, Canada is still viewed as a robust market for The Bahamas, as witnessed by the recent high-powered trade mission to Calgary and Toronto, headed by Prime Minister Hubert Ingraham. In an address during the Ministry of Tourism and Aviation’s 2010 fall/winter ad campai......

...advantage. They are able to gain invaluable insight and perspective even before they become full-time professionals in this dynamic industry,”?says Boze. “It also affords them the kind of up close and personal exposure that broadens their local and world view and this positions them to gain a competitive advantage in their professional pursuits.” The financal services sector contributes around 27 per cent to the country’s gross domestic product an......

...ation of less than ten thousand people. I am seeking to make a concerted effort for The Bahamas to develop its agricultural potential, and train farmers and fishermen who will not only conduct research and development but will grow food for our country. This is a determined effort to make the country more self-sufficient in food production. In moving ahead with this project we have sought the considered expertise of scientists and others engaged i......

...acked by golfers Ernie Els and Tiger Woods, plus the Tavistock Group owned by Lyford Cay billionaire Joe Lewis 300 single-family homes, cottages and apartments based around a marina, with prices ranging from $2 million to $20 million Southwest side of New Providence, around the secluded Albany House estate No development started yet, but Albany House raised its cachet as the first location in the filming of the remake of Casino Royale Atlantis Pha......

...furnishings and renovated bathrooms. Breezes also updated its lobby and entertainment area and the 1,400-square-foot Ocean View Suite meeting room, which can now accommodate 100 people banquiet-style. The company also said the resort offered free in-room Wi-Fi and throughout the property. The property is located on Cable Beach in New Providence. The cost of the project was not disclosed.......

...struction sector. He added that an allocation is being made in this budget for home repairs and community improvements under the auspices of both the Urban Renewal Programme and the Ministry of Housing in order to stimulate near-term job creation for small contractors. Prime Minister Christie also announced that Exuma is being reinstated for eligibility under the Family Island Development Encouragement Act. Under the provisions of the act, duty fr......