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Time to think outside the box

As the battle rages on about whether the BEC/BPL rates are too high, or whether they have increased by 60% or 70%, there is one thing that everyone seems to agree on and that is that electricity costs far too much.

Union leader: NHI will end 'days of cook-outs'

A trade union leader is “definitely” backing the Government’s proposed National health Insurance (NHI) scheme, stating: “The days of cook-outs are over”.

Union: City Markets behind over payroll

Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o

Union: City Markets behind over payroll

Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o

Cans for kids launches 'Spring Bash Collection Competition'

THE non-profit organisation Cans for Kids is announcing its first “Spring Bash Collection Competition”.

BTC chief says fibre roll-out 70% finished

THE BAHAMAS Telecommunications Company (BTC) will be increasingly relying on a fibre network roll-out that is 70 percent complete to drive revenue growth and market share, its newly-appointed chief executive says.

DNA dismisses PM's VAT comments as 'nonsense'

DNA leader Branville McCartney has dismissed Prime Minister Perry Christie’s latest comments on Value Added Tax as “utter nonsense” and criticised the government for trying to ram what could prove to be a disastrous tax system down the throats of Bahamians.

10-15% alternative energy penetration within next decade

RENEWABLE energies could penetrate between 10-15 per cent of Bahamian homes and businesses within the next decade, a local provider telling Tribune Business yesterday that consumers were receiving "payback" on his company's solar water heaters in "less than a year".

BEC breaches $100m bond issue conditions

The Bahamas Electricity Corporation (BEC) breached the financial terms of its existing plan $100 million bond issue, forcing it to seek a four-year waiver from investors.

GB Power earnings $5.26m above rate approved by Port

Grand Bahama Power Company’s earnings exceeded its regulator-approved rate of return by $5.26 million for the 18 months to end-December 2013, with its bottom line undergoing an almost-$29 million year-over-year reversal.

Bahamian retailers set to create 'Federation'

Bahamian retailers will meet tomorrow to further their bid to create an industry Federation, with sector players warning it would be “catastrophic” not to warn the Government about Value-Added Tax’s (VAT) likely impact.

Bahamian trio struggle in 200m heats

RIO de Janeiro, Brazil: A disqualification by quarter-miler Demetrius Pinder, a sixth place by collegian Teray Smith and seventh by recent graduate and national champion Shavez Hart was all the Bahamas could muster in the preliminary rounds of the men's 200 metres on Tuesday at the 2016 Olympic Gamers.

Bank bracing for short term VAT default 'spike'

Commonwealth Bank’s president said yesterday it anticipates a short-term spike in delinquencies when Value-Added Tax (VAT) is implemented on January 1, having estimated the previous model would have increased its own annual costs by $4 million.

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

RoyalFidelity equity fund investors see near-20% returns

RoyalFidelity Merchant Bank & Trust’s mutual fund family has enjoyed its “third straight year of positive returns” following their 2012 restructuring, with its equities fund generating near-20 per cent for investors.

Crunch time for NIB on payouts

CRITICAL decisions will have to be made regarding the National Insurance Board and the administration of contributions it collects to ensure there remains longevity of the social security net’s benefits, according to a Cabinet minister yesterday.

Albany developer charged on ‘brazen insider trading’

The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.

Union: City Markets behind over payroll

Union: City Markets behind over payroll By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE union representing City Markets workers has said it would welcome the sale of the struggling food store chain if it meant saving jobs, o

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