Gov’t in fund for ‘catastrophic care’
A special fund will be established to cover ‘catastrophic care’ when the Government launches National Health Insurance’s (NHI) primary health care phase in April, a Cabinet Minister said yesterday.
‘We’re not giving our guys a chance’
The Government was yesterday urged to enforce the requirement for Bahamians to understudy foreign workers, amid ongoing controversy over the seemingly minimal local workforce at the $250 million British Colonial Hilton expansion
$4.5trn manager: ‘No bidding war for Port’
The world’s largest asset manager demanded that there be “no bidding war” as a condition for it to enter talks to purchase the Grand Bahama Port Authority (GBPA).
Dealers chief’s 80% auto import slash
A leading dealer says he reduced new auto imports by 80 per cent during 2015’s fourth quarter, in a bid to align them with a market that has shrunk by more than one-third.
Babak sought ‘total GBPA sale control’
Two guardians for the late Sir Jack Hayward’s family trust were allegedly removed so Hannes Babak and Andre Feldman could gain complete control of talks to sell the Grand Bahama Port Authority (GBPA) to the world’s largest asset manager.
FNM deputy: Is BEC deal ‘bogged down’?
The Opposition’s deputy leader has urged the Government and PowerSecure to update the Bahamian people on the Bahamas Electricity Corporation (BEC) takeover process, and expressed fears that negotiations had “bogged down”.
Gov’t urged to address service charge ‘inequity’
The Government has been urged to address “the gross inequities” in Freeport’s service charges, an outspoken QC suggesting it was among the issues potentially being ignored in its Hawksbill Creek Agreement review.
Gov’t reclaims 60 farm land parcels
The Government last year reclaimed 60 parcels of agricultural land that were being improperly used, with some acting as locations for churches and other activities that violated lease agreements.
Fly Fishing Bills set for February House arrival
The Minister of Agriculture and Marine Resources is hoping to table legislation that will regulate the fly fishing industry in Parliament by mid-February .
Xmas ‘didn’t measure up’ for Super Value
Super Value’s owner yesterday said its three-week Christmas period “didn’t measure up to last year”, with total sales revenues down around 5 per cent year-over-year.
Top realtor firm’s normal growth rate halved during 2015
A leading real estate firm’s typical 10 per cent year-over-year sales growth rate was halved in 2015, with its principal yesterday calling for the Bahamas to “make it easier” for foreign buyers to invest.
Oil ‘majors’ in talks on Bahamas exploration
The Bahamas Petroleum Company (BPC) is in talks with “major” oil industry players over a $100 million joint venture partnership for its first $100 million exploratory well, and renewed its pledge to eventually offer shares to local investors via dual listing on BISX.
PM ‘unnecessarily raising Baha Mar expectations’
The Prime Minister was yesterday urged by a former Baha Mar director to stop “unnecessarily raising the Bahamian people’s expectations” that the $3.5 billion project’s fate will be resolved quickly, adding: “It’s out of his control.”
Real estate needs ‘bread and butter’
The real estate market needs its Bahamian “bread and butter” buyers to return if it is to mount a full recovery, a well-known realtor yesterday suggesting it was becoming increasingly difficult for locals to afford homes.
IAN FERGUSON: ‘Taking stock’ of a cultural change
At the start of a new calendar year, most companies assess their past performance with the aim of improving upon that in the coming 12 months.
