PM in challenge on public insurer
PRIME Minister Perry Christie yesterday challenged the insurance industry to explain their opposition to National Health Insurance’s (NHI) public insurer.
Bahamas needs ‘back to basics’ on tourism
The Bahamas suffers a huge leakage of tourism dollars because it has failed to establish strong links to other industries, the Nassau Airport Development Company’s (NAD) chief executive said yesterday.
Freeport’s restaurants 50% below break even
A typical restaurant in Freeport’s Port Lucaya Marketplace “regularly fails” to earn 50 per cent of what is required to ‘break even’ on a daily basis, the Government has been warned.
Gov’t urged: Hear ‘loud cries’ over Business Licence
The private sector has this week written to Prime Minister Perry Christie and several Cabinet ministers to urge that they again review the Business Licence fee structure, on the grounds that “we ought to be in the business of making business easier”.
Attorney wanted Hayward children to receive nothing
A Bahamian attorney allegedly demanded that the late Sir Jack Hayward’s children and grandchildren receive nothing from the family trust, a move that would have violated a proposed legal settlement.
Gov’t must match Port if regulatory takeover
The Government’s own consultants have warned it must match the Grand Bahama Port Authority (GBPA) for service delivery if it realises its objective of regaining regulatory control in Freeport.
Gov’ts ‘notoriously poor PR’ helping investment ‘fallacy’
The Government’s “notoriously poor PR” has helped create the “fallacy” that Bahamian investors are unable to access the same incentives as their foreign counterparts, a Cabinet minister believes.
Budget surplus 2-3 years away
The Government may be two to there years away from achieving an annual Budget surplus, a Cabinet minister asserting yesterday: “You don’t go from a deep hole to a surplus in one year”.
NHI not ready for ‘prime time’
The Government’s proposed National Health Insurance (NHI) plan is “not ready for prime time”, according to a well-know physician, who believes it does not address the real problems facing the Bahamian healthcare system.
Grand Lucayan ‘may sell’ for under $180m
The Government is seeking a “better owner” for Freeport’s Grand Lucayan resort, with its international advisers suggesting Hutchison Whampoa may be prepared to sell for less than $180 million.
New entrant is ‘dead in water’ on BTC stalling
A former Bahamas Telecommunications Company (BTC) manager yesterday accused the incumbent carrier of an “unspoken corporate strategy” to prevent niche providers entering the market, after his fledgling business was left “dead in the water”.
‘11th hour’ tax changes creating Freeport fear
The Government has been urged by its own consultants to address “ease of doing business” concerns in Freeport, amid warnings that job-creating investment and expansion is being deterred by an increasingly unpredictable Bahamian tax policy.
‘No concerns’ over Cuba NHI fall back plan
A well-known physician yesterday said he had “no concerns” should the Government import doctors from Cuba and abroad in a bid to overcome healthcare industry resistance to the National Health Insurance (NHI) scheme.
Cable’s first rights issue seeks $30.6m
Cable Bahamas yesterday said its first-ever rights offering will raise an extra $30.6 million in capital to finance “the growth opportunities” that will further boost shareholder value.
Insurer slam ‘vile’ attacks by Miller
The Bahamas Insurance Association (BIA) yesterday slammed Leslie Miller for what it called “vile and xenophobic” comments made about its chairman, Emmanuel Komolafe.
