Landfill bid cancel 'a grave mistake'
Members of the all-Bahamian group selected as the ‘preferred bidder’ for the New Providence landfill management contract yesterday warned the Government it was making “a grave mistake” by cancelling the process.Henry Dean, United Sanitation’s princip
Don't 'reinvent wheel' on public procurement
The Bahamian Contractors Association’s (BCA) president yesterday said the Government does “not have to reinvent the wheel” on public procurement, but simply make the existing system work properly.Leonard Sands told Tribune Business that while the ref
'Bated breath wait' for construction regulation
The Bahamian construction industry is “waiting with bated breath” to see when legislation to regulate it will be given effect, one contractor yesterday suggesting implementation could provide a $1 billion economic boost.Leonard Sands, the Bahamian Co
Minister confirms new landfill bidding process
A Cabinet minister yesterday said a new bidding process will be launched to select a manager for the New Providence landfill, describing the tender issued by the previous administration as “greatly flawed”.Romauld Ferriera, minister of the environmen
$5m venture fund injection to give 'tremendous' boost
The Government-sponsored venture capital fund’s vice-chairman yesterday said the ‘one-time’ $5 million capital injection into the fund, in addition to its annual $1 million subvention, will be a “tremendous help” in addressing the backlog of funding
Allowing workers togrow from mistakes
Good employees make mistakes, and great leaders allow them to. We all make mistakes; every one of us. If we are not making mistakes, then we are probably not being innovative and stepping outside our comfort zone enough. That, in itself, is a mistake
BISX chief attendsglobal conference
The Bahamas International Securities Exchange’s (BISX) chief executive attended the International Organisation of Securities Commissions (IOSCO) conference from May 15-18.Keith Davies was accompanied by BISX director, David Ewasiuk, to the leading in
Bahamasair could 'blow $35m hold' in Budget
Bahamasair’s new fleet could “blow another hole” in the 2017-2018 Budget unless the Government can delay a $35 million principal repayment on the loan that financed their acquisition.K P Turnquest, the minister of finance, revealed that Bahamasair’s
Super Value's $444k savings in Business License fee slash
Super Value’s owner yesterday said the supermarket chain would save $444,000 annually based on the Budget’s Business License fee cut, as a Cabinet Minister branded the tax a “job and business killer”.Rupert Roberts told Tribune Business that the 25 b
Bahamas 'reputation' in danger without $400 million borrowing
The Bahamas’ “financial reputation” will be in peril without “emergency borrowing” of $400 million, with the ‘junk’ downgrade having exposed the Government to a $70 million cash demand.K P Turnquest, minister of finance, told Tribune Business that St
'No false hope' on VAT debt pay down
The Minister of Finance yesterday declined to specify how much of the Government’s 2018-2019 Value-Added Tax (VAT) revenues will be used to pay down the $7 billion-plus national debt, saying he did not want “to give false hope”.K P Turnquest, in a bi
Baha Mar occupancy is '25 per cent and growing'
Baha Mar yesterday said its workforce was now “closer to 2,000” persons, as it confirmed that current occupancy levels were 25 per cent “and growing”.Robert Sands, Baha Mar’s senior vice-president of government and external affairs, also disclosed to
Bahamas well representedat key cruise industry show
The Bahamas was well represented at the Cruise Lines International Association’s (CLIA) Cruise360 Conference and Trade Show, which recently took place at the Greater Fort Lauderdale Convention Centre in Florida.The Bahamas used the show to forge link
LOI firm estimates $7-$8m to transform 'landfill dumpsite'
The company at the centre of the Renward Wells’ Letter of Intent (LOI) controversy yesterday said it was “ready and willing” to forge ahead with its waste-to-energy solution, estimating it would take $7-$8 million to turn New Providence’s “dumpsite i
Grand Bahama resortin major publicity boost
Deep Water Cay has received a major boost this month from three international media stories exposing it to millions of potential vacationers.The east Grand Bahama-based resort was first featured in the April edition of Business Jet Traveler’s ‘Paradi
