Harbour Island’s ‘extreme damage’ from power woes
Harbour Island’s power outage woes have caused “extreme damage” to its reputation as a tourism idyll, Tribune Business was told yesterday, with resident businesses renewing demands for the island to have its own power plant.
Chamber chief: Don’t stoke devaluation fear
Devaluation concerns were yesterday branded “premature” by the Bahamas Chamber of Commerce’s chairman, who argued against using the issue “to cause fear and pandemonium”.
URCA warned over ‘maximum damage’
The Utilities Regulation & Competition Authority (URCA) is threatening to “inflict maximum damage” on the now-liberalising mobile market via a major change to its regulatory approach on retail pricing.
Family Island airport revelations ‘damning’
Revelations about ‘the sense of chaos’ at key Family Island airports are potentially “catastrophic” for the tourism industry, a senior airline executive yesterday saying immediate corrective action was required from the Government.
Cable charges BTC recovering ‘seven times’ network cost
Cable Bahamas has charged that its Bahamas Telecommunications Company (BTC) rival recovers more than “seven times’” the costs it incurs on terminating fixed-line calls to its mobile subscribers at peak hours.
Bran: Youth jobless rate still ‘disturbingly high’
The Democratic National Alliance’s (DNA) leader yesterday said unemployment among Bahamian youth remained “disturbingly high”, as he questioned whether the latest job survey accounted for underemployment and reduced work weeks.
Govt yet ‘to bite bullet’ over NIB
A Cabinet Minister said the Government had yet to “bite the bullet” on National Insurance Board (NIB) reforms, adding that recommendations from the International Labour Organisation (ILOs) to raise contribution rates was “no breaking news”.
Govt acts on Family Island airport woes
A Cabinet minister yesterday said the Government was already moving to address health and safety deficiencies at several key Family Island airports, adding that Exuma’s redevelopment is ‘well underway’.
Bran’s ‘living nightmare’ over Tax Certification
The DNA’s leader yesterday said “the living nightmare” of business in the Bahamas was brought home when the National Insurance Board (NIB) effectively tore up the contract with his family’s pharmacy via its Tax Compliance Certificate (TCC) demands.
‘Sense of chaos’ at Out Island airports
The Government has been warned that “a sense of chaos” exists at several key Family Island airports, which lack the necessary management policies and structures to deal with environmental and social concerns.
Cable to ‘devastate’ BTC via mobile win
Cable Bahamas could “devastate” the Bahamas Telecommunications Company (BTC) if its mobile market share projections come true, even though the latter recorded a 26 per cent profit rise in its last financial year.
Lack of freedom ‘impairing’ BPL
The Opposition’s deputy leader yesterday renewed concerns that PowerSecure lacks the necessary freedom to run Bahamas Power & Light (BPL) as a business, arguing that it was being “hampered and impaired” by the Government.
GB Power action challenges ‘validity’ of Freeport MoU
The Grand Bahama Power Company’s opposition to regulation by URCA further challenges the “validity” of the Government’s Freeport Memorandum of Understanding (MoU), the Opposition’s deputy leader said yesterday.
Junkanoo Carnival report is completed
The report on Bahamas Junkanoo Carnival’s economic impact is complete, its chairman said yesterday, although he was unable to confirm when it would be released publicly.
Landfill manager eyes metal recycling
The New Providence landfill manager said yesterday it was still in talks with the Government about revising its current five-year management contract, although it hopes to have its recycling facility operational soon.
