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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
CIBC WORKER PASSES SERIES 7
A corporate customer service representative at CIBC, Drameko Moore, passed the Series 7 exam in the US after studying with the Nassau-based Securities Training Institute (STI). Bettina Albury, STI's administrator, said: "Our investment training programme
CIBC WORKER PASSES SERIES 7
A corporate customer service representative at CIBC, Drameko Moore, passed the Series 7 exam in the US after studying with the Nassau-based Securities Training Institute (STI). Bettina Albury, STI's administrator, said: "Our investment training programme
LANDFILL SOLUTION REMAINS 20-30MW WASTE-ENERGY PLAN
By NEIL HARTNELL Tribune Business Editor The Government is still targeting a waste-to-energy plant that could produce 7-10 per cent of the Bahamas Electricity Corporation's (BEC) installed capacity as the 'end game' solution for the Tonique Williams-Darl
Wind farm targets 2013 'commission'
By NEIL HARTNELL Tribune Business Editor A renewable energy provider is looking to "commission" its Eleuthera wind farm by early 2013, having invested $250,000 in completing the first project phase involving the construction of a Meteorological tower. Th
Gov’t wipes $7m Water Corp debt
The Government appears to have wiped out the $7 million accounts receivables owed by the Water & Sewerage Corporation’s main water supplier, which has praised it for doing so.
Bahamas breaks global standards with jet fuel tax
The Bahamas is breaching international standards by levying 7 per cent import duty on jet fuel, warns a report produced for the Caribbean Development Bank (CDB).
Tourism ‘softness’ exposed with 7% room revenue fall
Tourism “softness” resulted in a 7 per cent year-over-year decline in peak winter room revenues for Nassau’s major hotels, with both occupancies and pricing coming under pressure.
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
Bahamasair suffers $8.5m income loss
BAHAMASAIR has warned the trade union rep- resenting its line staff that it faces “stark financial realities”, having lost $8.5 million in income this financial year with the possibility of further setbacks to come.
S&P: Gov’ts fiscal, economic reforms ‘will take time’ to work
* 1.5% average growth forecast lower than IMF’s * Grand Lucayan closure takes out 7% of rooms * Debt to rise through 2020 to 52% of GDP
THE Government’s fiscal and economic reforms will take time to “pay dividends”, Standard & Poor’s (S&P) warned yesterday, as it took a more ‘bearish’ view of the Bahamas’ growth prospects. The rating agency, in its latest Bahamas country assessment, expressed confidence that the Minnis administration’s fiscal reforms will “arrest the deterioration” in the Government’s deficit and the national debt.
COMMUNICATIONS REVENUES FALL 7%
By NEIL HARTNELL Tribune Business Editor The Bahamian communications industry's total revenues decreased by 7 per cent year-over-year in 2010, falling from $460 million to $428 million, as the sector's regulator pledged to introduce "universal service ob
BEC manager-elect slams 'fraud by hindsight' claim
The Bahamas Electricity Corporation's (BEC) prospective manager has dismissed as "fraud by hindsight" claims that it artificially inflated its stock price prior to a one-day wipe-out that erased $250 million in shareholder value.
Operators 'very concerned' over URCA's budget
Operators 'very concerned' over URCA's budget By NEIL HARTNELL Tribune Business Editor The two major industry players are "extremely concerned" with the communications regulator's proposed 2012 budget, warning that financing this through a licence fee i
Operators 'very concerned' over URCA's budget
Operators 'very concerned' over URCA's budget By NEIL HARTNELL Tribune Business Editor The two major industry players are "extremely concerned" with the communications regulator's proposed 2012 budget, warning that financing this through a licence fee i
Operators 'very concerned' over URCA's budget
Operators 'very concerned' over URCA's budget By NEIL HARTNELL Tribune Business Editor The two major industry players are "extremely concerned" with the communications regulator's proposed 2012 budget, warning that financing this through a licence fee i
BTC profits slump 26.4%
The Bahamas Telecommunications Company (BTC) suffered a 26.4 per cent profits slump for the year to end-March 2015, as its revenues and staffing levels came under pressure in the run-up to mobile liberalisation.
Water Corp: $1.2m claim was resort financing ploy
The Water & Sewerage Corporation has defeated a $1.227m damages claim for trespass that it alleges was merely a ploy attempting to force it to finance a planned Andros eco-resort.
IMF's 2.5% Bahamas growth is 'a stretch'
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.
GETTING TO GRIPS WITH IMMIGRATION REALITIES
By Larry Gibson The recent visit by President Martelly of Haiti, and comments he made to a gathering mostly of Haitian nationals and Bahamians of Haitian origin, continue to provoke much highly-charged discussion. No matter where you fall on the immigrat
