Value of BISX trades sees 44% increase
THE Bahamas International Securities Exchange’s (BISX) All-Share Index continues to move in the opposite direction to major market indices, declining by 3.73 per cent for the year to end-September 2017.The All-Share Index, which measures only stock p
BPL consumer protection feedback ends this week
PUBLIC consultation on Bahamas Power & Light’s (BPL) Consumer Protection Plan will close this week, sector regulators said yesterday.
Government ‘inundated’ by calls to breach 75% salary deductions
THE Government has been forced to reaffirm the 75 per cent limit on civil service salary deductions, after being “inundated” with demands for the policy’s relaxation.
Radio station fears over URCA spectrum opening
RADIO stations have warned of “a huge problem” if regulators use the opening of currently-closed spectrum bands to issue more FM broadcasting licences. Galen Saunders, More 94 FM’s principal, told Tribune Business that the FM broadcasting market was already over-saturated as a result of the Utilities Regulation and Competition Authority (URCA) issuing too many broadcasting licenses since 2009.
‘Massive disruption’ as BTC, Aliv feud
ALIV has slammed the “massive disruption” caused by the number porting system’s temporary ‘Black Friday’ failure, which is now under investigation by regulators.Damian Blackburn, the new mobile operator’s top executive, told Tribune Business that the system delays had “hugely” impacted Aliv’s promotional drive to grow its customer base on “the busiest shopping day of the year”. He declined, though, to comment on whether he felt the disruption - which primarily impacted Bahamas Telecommunications Company (BTC) customers wishing to switch to Aliv and keep their existing mobile phone numbers - was more than a coincidence.
Enterprises Bill ‘could have saved’ financial services
THE Bahamas “could easily have saved the financial services industry” had it introduced the Commercial Enterprises Bill six to eight years ago, a prominent attorney is arguing. Terence Gape, the Dupuch & Turnquest law firm’s managing partner, told Tribune Business that the Bill’s liberalised work permit regime placed the Bahamas “on a path” that its Caribbean international financial centre (IFC) rivals adopted up to 30 years ago.
Bahamian retailers must innovate to match online
BAHAMIAN retailers must become more innovative in compete with online shopping portals, the Bahamas Chamber of Commerce’s chief executive believes.
Enterprises Bill must ‘level playing field’ for Bahamians
THE Government has been urged to extend the Commercial Enterprises Bill’s benefits to Bahamian-owned firms and ensure they remain on a ‘level playing field’ with foreign rivals.
‘Shift in thinking’ vital to reshape economy
State Minister for Grand Bahama Kwasi Thompson said yesterday the Commercial Enterprise Bill is designed to boost the Grand Bahama economy, attracting new industries and create opportunities for Bahamians.
Pooling resources would cut out need for foreign investment
ENCOURAGING more Bahamians to pool their resources and invest in commercial activity could reduce the demand for foreign direct investment, a leading accountant has argued.
Privy Council rules in Bimini family land dispute
THE London-based Privy Council has dismissed an appeal arising out of a family dispute over two plots of land on Bimini.
Great idea? Striping’s ready to help with funding
THE Bahamas Striping Group of Companies (BSGC) Investment Group yesterday launched its new website to allow entrepreneurs to apply for funding from a $1 million facility.
Increased notice periods for redundancies on the table
The Labour Department is formulating amendments to the national Employment Act which include an increase in the notice period for redundancies, Labour Minister Dion Foulkes told Tribune Business yesterday.
‘Bend to foreign investment or go bankrupt’
A BAHAMIAN businessman and leading governance reform advocate yesterday slammed opponents of the Commercial Enterprises Bill (CBE), arguing ‘xenophobic and myopic thinking’ will ‘send the country bankrupt’.
Do No Approve - party questions new bill’s benefits
WHILE voicing its support for government initiatives aimed at improving the ease of doing business in the country, the Democratic National Alliance (DNA) yesterday queried how the Commercial Enterprises Bill (CEB) would benefit Bahamian businesses.
