Private sector’s reliance on Govt ‘upside down equation’
The Government is planning to restructure the Bahamas Development Bank (BDB), the Deputy Prime Minister yesterday describing private sector reliance on public contracts as an “upside down equation”.
Eleuthera resort ‘more than doubles’ capacity
Cape Eleuthera Resort & Marina has “more than doubled” its room capacity this summer by adding 18-single bedroom cottages via a $10 million investment, a senior executive confirmed yesterday.
Bahamas Ferries shifts model for ‘economies’
Bahamas Ferries has made a “strategic shift” in its business model over the past five years to generate economies of scale through combining a passenger and logistics services.
Doomed to failure
The Christie administration doomed PowerSecure to failure by failing to complete Bahamas Power & Light’s (BPL) $600 million refinancing “within six months” of the management deal.
Private sector demands: ‘What’s plan now’ for BPL?
The private sector yesterday questioned “what’s next” for Bahamas Power and Light (BPL) after it severed its relationship with its management partner, PowerSecure.
PowerSecure targeted $100m in fuel savings
Bahamas Power & Light’s (BPL) former manager targeted more than $100 million in fuel savings as key to reducing electricity rates by 50 per cent come 2020.
Minister not worried by GB losing ‘main feeder’
The Minister of Tourism yesterday said he was “not concerned at all” about the three-month loss of the Grand Celebration cruise ship, despite fears Freeport has now “hit rock bottom”.
Govt pledges Fiscal Responsibility law ‘before’ next Budget
The Government’s target of introducing Fiscal Responsibility legislation before the 2018-2019 fiscal year was yesterday praised by a civil society group, which said: “It’s worth getting it right.”
Productivity councilis 'sorely needed'
The creation of a Bahamian National Productivity Council was yesterday described as “sorely needed” by trade union officials. A two-day National Tripartite Council Productivity legislation workshop, sponsored by the International Labour Organisation
Private sector demands: 'What's plan now' for BPL?
The private sector yesterday questioned "what's next" for Bahamas Power and Light (BPL) after it severed its relationship with its management partner, PowerSecure.
PowerSecure and BPL end business relationship
PowerSecure and Bahamas Power and Light (BPL) agreed to ‘amicably’ sever their business relationship as of Monday, September 18.
Govt getting just 15% of foreign yacht fees
The Port Department is seeking to outsource foreign yacht fee collections, telling Tribune Business yesterday that just 15-20 per cent of due revenue is currently being obtained.
‘Crunch meeting’ for BPL’s manager today
Bahamas Power & Light’s (BPL) Board will hold a ‘crunch meeting’ with PowerSecure today, with the outcome likely critical in deciding whether the latter remains as manager.
Financial services owner: IMF’s income tax ‘spot on’
A Bahamian financial services entrepreneur yesterday praised the IMF’s income tax recommendation as “spot on”, but warned: “Don’t wait for outsiders to tell us what to do.”
Atlantis parts ways with top executive
Atlantis and its top executive have parted ways, Tribune Business can reveal.
