GB Power’s $15m investment to ‘set bar for Caribbean’
GB Power Company will invest $15 million in upgrading its transmission and distribution (T&D) system over the next five years, as it aims “to set the Caribbean bar for energy reliability”.
Harsher penalties urged for unlicensed surveyors
A SENIOR government official yesterday called for stiffer penalties to prevent persons acting as unlicensed and unqualified land surveyors.Thomas Ferguson, the Acting Surveyor General, speaking to Tribune Business on the sidelines of the Bahamas Asso
Grand Bahama's cruise tourism rating still 'subpar'
GRAND Bahama’s ranking as a cruise tourism destination “remains subpar and requires immediate attention”, a senior Grand Bahama Port Authority (GBPA) executive has admitted.Derek Newbold, senior manager of business development for the GBPA and its In
BTC contractors in key meeting today
THE Bahamas Telecommunications Company’s (BTC) contract workers are expected to meet with management today in a bid to resolve their grievances, a trade union leader has revealed. Bernard Evans, the Bahamas Communications and Public Officers Union’s
Bimini's economic fears over lay-offs
THE temporary lay-off of 152 Resorts World Bimini (RWB) employees will have a negative ‘trickle down’ impact on the island’s economy, its Chamber of Commerce president says. Edward Reckley told Tribune Business: “There’s normally a downturn at this t
Land registry key to better growth
THE creation of a land registry is key to spurring Bahamian economic growth, an attorney yesterday noting it would not be an overnight fix.
Financial sector briefed on profit shift response
THE Government has briefed the financial services industry on how the Bahamas plans to respond to Base Erosion and Profit Shifting (BEPS), and other international initiatives.K P Turnquest, Deputy Prime Minister and minister of finance, pledged that
Airline chief: Ask investors to help on airport upkeep
A Bahamian airline executive yesterday said the Government should ask major Family Island investors to contribute to maintaining airports, arguing that it is challenged in meeting international standards.Captain Randy Butler, Sky Bahamas chief execut
‘Low level’ corporation tax studied
The Deputy Prime Minister yesterday revealed the Bahamas “may have to look at” implementing a low-rate corporate income tax, as global regulatory pressures force “hard decisions” upon it.
GB Power chief: 'Ship has sailed' on local ownership
GB Power’s top executive yesterday said “the ship sailed on” significant Bahamian ownership in 2010, as he sought to reassure minority shareholders over the $35 million buy-out’s motives.Archibald Collins told Tribune Business that the $8.85 per shar
DPM: Quieting Act 'inherently unfair'
The Deputy Prime Minister yesterday described the Quieting Titles Act as “inherently unfair “ and in urgent need of reform.K Peter Turnquest, who was addressing the Bahamas Association of Land Surveyors’ seminar, said the current system of land owne
Takeover 'defective', but URCA approves Sebas's radio deal
Regulators approved a radio station’s majority takeover by Sebas Bastian’s Brickell Management Group (BMG) despite the application being “ineffectual” due to its partners’ non-compliance.The Utilities Regulation and Competition Authority (URCA), in a
BTC only revenue faller as 19,000 exit mobile
THE Bahamas Telecommunications Company (BTC) is the sole CWC asset that failed to increase revenues in the 2017 third quarter, as it lost 19,000 mobile subscribers.
Bahamian marinas respond to 'under-performance' fear
BAHAMIAN marinas have partnered to combat this nation’s “under-performance” in boating tourism by launching a website that features a booking engine and call centre links.The Association of Bahamas Marinas (ABM), in a statement issued yesterday, said
IAN FERGUSON: Troubled youth must get second chance
THERE seems to be a global conversation about the plight of youth and employment. The Bahamas seems to be no exception, as the highest concentration of unemployed persons are aged between 15 and 24 years-old. Perhaps the cause for greatest concern is
