Union allies ‘taken aback’ over BTC chief’s departure
Union leaders and key allies were yesterday “taken aback” after the Bahamas Telecommunications Company (BTC) confirmed that chief executive Leon Williams is leaving the communications provider.
Top CIBC chief targeting Bahamas growth inroads
CIBC’s Caribbean corporate and investment banking chief is eyeing “a lot of opportunities” for growth in the Bahamas, having helped place over $100 million in financing over the past year.Pim Van Der Burg told Tribune Business in a recent interview t
Corruption abuses bring Bahamas to 'junk' brink
Transparency International’s Bahamian representative yesterday said economic abuses “by corrupt officials” had helped bring this nation to the precipice of its second ‘junk’ creditworthiness downgrade.
Abaco power outages driving tourists away
Abaco businesses have been “left in the dark” by frequent power outages, with tourists cutting short their vacation amid “grave concern” for economic and reputational damage.Vado Bootle, the Abaco Chamber of Commerce president, said there was “anger
‘Blame PLP over new junk threat’
The Minister of Finance has blamed the Christie administration’s efforts “to hide the true extent” of the Bahamas’ fiscal crisis for Moody’s threat to downgrade this nation to ‘junk’ status.
Accounting reform key to restore Govt 'credibility and trust'
The Government must urgently move to an accrual-based accounting system to regain “credibility and trust” in its Budget projections, a governance reformer said yesterday.Robert Myers, a principal with the Organisation for Responsible Governance (ORG)
Moody's challenges Govt's fiscal forecast
Moody’s has warned the Government it will be “difficult” to slash the fiscal deficit to 1.1 per cent of GDP by 2019-2020, unless it achieves faster economic growth or alters policy.
Residents 'incredulous' on 10-year Royal Oasis wait
Freeport residents are “incredulous” that the Royal Oasis’s owner has been permitted “to do nothing” with the property for 10 years, the island’s Chamber of Commerce chief says.Mick Holding backed the move by Kwasi Thompson, minister of state for Gra
Doctors chief says NHI expansion 'inexplicable'
The Medical Association of the Bahamas (MAB) president says it is “inexplicable” that the Government is planning to expand National Health Insurance (NHI) at a time when it claims ‘the cupboard is bare’.Dr Sy Pierre, in a statement to Tribune Busines
BTC's $7.3m investment targets faster Net speeds
The Bahamas Telecommunications Company (BTC) says its new Fiber-to-Home service will deliver Internet speeds 20 to 100 times’ faster than the current cable modem or DSL service that many customers use.It added that once completed, its $7.3 million i
Chamber issues advisory on Labour Dept concerns
Department of Labour inspections have generated “sufficient concern” for the Bahamas Chamber of Commerce to warn its members about the need for full compliance with the Industrial Relations Act.Edison Sumner, the Bahamas Chamber of Commerce and Emplo
Ministers meet GB businesses, unions
The Minister of Labour met with several major businesses and trade union leaders last week during his first official visit to Grand Bahama.
Coke bottler targets 30% energy bill cut
Caribbean Bottling Company yesterday revealed it aims to slash annual energy costs by up to 30 per cent via a $1.8 million solar system, with installation work to kick-off this month.
GB investment plans ‘continuation of insanity’
The Government’s goal of processing all Grand Bahama-related investment applications within one month “is just the continuation of insanity”, a Freeport-based QC blasted yesterday.
Govt placing $205m via two borrowings
The Government is placing $205 million in debt financing within a 16-day period prior to the credit rating agencies’ arrival in Nassau before July’s end.
