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URCA: BTC cell monopoly 'rare'
URCA: BTC cell monopoly 'rare' By NEIL HARTNELL Tribune Business Editor While conceding that the Bahamas Telecommunications Company's (BTC) ongoing cellular monopoly was "increasingly rare", the industry regulator has rejected Cable Bahamas' urging that
Receivables over three times' Water Corporation target
By NEIL HARTNELL Tribune Business Editor Just how far the Water & Sewerage Corporation has to go to achieve financial viability has been highlighted by several key financial performance indicators, which show it currently enjoys a -44 per cent operating
Water Corp needs 'top up' to $20m subsidies
Water Corp needs 'top up' to $20m subsidies By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation will "definitely need" an increase to the existing $20 million taxpayer subsidy allocated to it for the 2011-2012 fiscal year, its gene
Corporate redress regime upheld with $33m verdict
The Supreme Court has prevented the Bahamas being perceived as “a parochial, quirky jurisdiction” for international business through its recent ruling on a $33 million insolvency dispute, a former attorney general said yesterday.
800 job applications for new mobile player
Cable Bahamas had received around 800 applications for jobs with the nation's second mobile provider by end-last week, it was revealed yesterday, and is confident the new operator can beat its financial targets.
Hotel union on gratuity ‘red alert’
The Bahamas Hotel Catering & Allied Workers Union (BHCAWU) yesterday said it had placed its members on ‘red alert’, amid fears that other New Providence hotels will attempt to follow Baha Mar’s lead and eliminate the 15 per cent gratuity enjoyed by hotel employees.
Pension providers enjoy ‘significant’ 100% inquiry rise
Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.
‘Breath of fresh air’: 150k cruise arrivals over Xmas
The Downtown Nassau Partnership’s (DNP) co-chair yesterday hailed the increase in cruise ship traffic as a “breath of fresh air” for business with close to 150,000 passenger arrivals forecast for Christmas week.
Tax break may help 41,000 homeowners
Prime Minister Perry Christie yesterday said more than 41,000 homeowners could benefit from the Government’s decision to waive real property tax arrears for owner-occupied homes valued at less than $250,000.
CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
BTC TAKES 4G TO GRAND BAHAMA
The Bahamas Telecommunications Company (BTC) has introduced its fourth generation (4G) network on Grand Bahama via a soft launch. Coming almost a month ahead of schedule, it follows the official launch of the same technology in New Providence one week ea
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
Winterbotham staffer passes Series 7 exam
Winterbotham staffer passes Series 7 exam The Winterbotham Trust Company's operations administrator, Jessica Thornley-Mitchell (pictured), has passed the Series 7 exam with a grade of 81 per cent after studying with the Nassau-based Securities Training I
Bimini Bay facing homeowners revolt
The Bimini Bay Resort is facing a homeowners revolt in the Supreme Court, with multiple purchasers voicing concerns over how their properties and multi-million dollar maintenance fee sums are being managed.
SUPERVALUE IN 'OVER 20%' XMAS SALES RISE
By NEIL HARTNELL Tribune Business Editor The Supervalue supermarket chain saw a more than 20 per cent year-over-year increase in its Christmas sales figures, its owner and president telling Tribune Business yesterday the company was likely to invest a fu
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
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