Govt urged to clarify $1m residency threshold
The Government was last night urged to clarify whether the new $1 million investment threshold for accelerated permanent residency consideration represented an increase or decrease from the previous benchmark.
GB Power urged: Don’t seek quick $25m recovery
Grand Bahama Power Company (GBPC) and its majority owner were yesterday urged not to target “the shortest period of time” to recover their $25 million in Matthew restoration costs from storm-devastated consumers.
Accountants facing US state challenges
The Bahamas Institute of Chartered Accountants (BICA) is in talks with the American Institute of Certified Public Accountants (AISPA) to resolve challenges encountered by members in maintaining their US State Board memberships, its president said yesterday.
Hutchison ‘streamlines’ Freeport investments
The sales process for the 409-acre Grand Lucayan property on Grand Bahama is “still ongoing”, Prime Minister Perry Christie said yesterday.
Business ease slippage ‘doesn’t represent nation’
The 121st ranking in the World Bank’s 2016 ‘ease of doing business’ rankings “does not represent who the Bahamas is”, Prime Minister Perry Christie argued yesterday, touting a Competitiveness Council as the answer to these woes.
GB Power: Consumers to pay $25m storm cost
Grand Bahama Power Company’s (GBPC) plan to recover its $25 million in Hurricane Matthew restoration costs from consumers was last night blasted as “highly irregular and unfair” by one of the island’s MPs.
PHA: 20% local spend rise rebuts ‘wipe out’ fears
The Public Hospitals Authority (PHA) yesterday said the 20 per cent increase in spending with Bahamian pharmaceutical wholesalers over a two-year period proves that fears it is intent on “wiping out” the industry are groundless.
‘Penny wise and pound foolish’
A well-known surgeon has branded the Public Hospitals Authority’s (PHA) move to exclude Bahamian wholesalers from the pharmaceutical drugs supply chain as “penny wise and pound foolish”.
QC slams ‘free lunch’ for Port and Hutchison
A well-known QC has slammed the Government’s Freeport incentive legislation for “giving a free lunch” to those who can most afford it - Hutchison Whampoa and the Grand Bahama Port Authority’s (GBPA) two family shareholders.
BTC mobile competitor ‘not planning to lose’
The Bahamas’ second mobile operator says it is “not planning to lose”, as it kicked-off its market entrance with the introduction of the ‘Aliv’ brand, promising to deliver a superior experience and customer plans.
Tripartite Council ‘serves no purpose’
The Trade Union Congress’s (TUC) president has vowed to pursue the its grievance against Sandals Royal Bahamian’s termination of 600 employees to its “logical conclusion”, arguing that the Attorney General’s decision to nullify their case against the resort’s top executives had put workers in a ‘frightening” position.
PHA presses on despite supplier ‘wipe out’ fear
The Public Hospitals Authority (PHA) is pressing ahead with efforts to acquire pharmaceutical drugs direct from overseas manufacturers, despite fears it will “wipe out” Bahamian wholesalers, cost taxpayers and “compromise healthcare quality”.
Wholesalers in ‘drug shortage’ warning to PHA
Top Bahamian pharmaceutical distributors have warned the Public Hospitals Authority (PHA) that the “extraordinarily unrealistic” order volumes in its latest procurement tender will likely create “drug shortages”.
Govt raises permanent residency mark to $1m
A top realtor yesterday hailed as “a positive move” the Government’s decision to increase the permanent residency investment threshold to $1 million, saying this would help to redefine the type of clientele the Bahmaas attracts.
Water plant deal dashes Bahamian investor ambitions
At least one Bahamian investor group’s ambitions were dashed last night after the Water & Sewerage Corporation’s chairman confirmed it had agreed a 15-year extension for BISX-listed Consolidated Water to operate the Windsor reverse osmosis plant.
