PM: ‘No interest in coercion’ on GBPA
The Prime Minister yesterday said he had “no interest” in forcing out the Grand Bahama Port Authority’s (GBPA) existing shareholders, but emphasised that Freeport and the wider Bahamas “can’t wait” for growth-inducing change.
BTC hit by near 30% mobile revenue fall
The Bahamas Telecommunications Company (BTC) suffered an almost 30 per cent year-over-year reduction in its mobile revenues, which is blamed on falling subscriber numbers and the increasing use of Over The Top (OTT) applications,
‘Final’ web shop licenses next month
‘Final’ web shop licences could be issued next month, the Minister of Tourism said yesterday.
BEC’s $56m ‘disadvantage’ fear over injunction bid
BEC has warned that New Providence will suffer “severe economic and social consequences” if activists succeed in obtaining an injunction against the power plant supplying 50 per cent of its energy needs.
Bran: Economy ‘hanging on by a thread’
The Democratic National Alliance’s (DNA) leader says the Bahamian economy is “hanging on by a thread”, after official statistics effectively confirmed it has been in recession for two years.
Bahamas’ tourism costs 50% higher than near rivals
The Bahamas has been urged by the International Monetary Fund (IMF) to reduce its tourism industry costs, which are 50 per cent higher than Cuba and some Central American destinations.
BEC: ‘Aggressive measures’ taken on Clifton spills
BEC has pledged that “aggressive measures” are being taken to combat oil pollution at Clifton Pier, with the Government promising a further $10 million to supplement the $900,000 it spends annually now.
GDP data ‘contrary’ to IMF, agency stats
The ‘negative’ real GDP growth data published by the Department of Statistics is “contrary” to previous IMF and rating agency estimates, the Chamber of Commerce’s chairman said yesterday.
Sarkis: Baha Mar bid from me ‘impossible’
Sarkis Izmirlian fears it is “impossible” for him to enter the Baha Mar bidding process because its ‘rules’ may expose him to litigation and “contaminate” his claims against the project’s Chinese contractor.
Bran: General Orders aiding wrongdoing
The Democratic National Alliance’s (DNA) leader yesterday called for urgent reform of the regulations governing the public service, arguing that they currently “facilitate” corruption such as that exposed at the Department of Social Services.
Bahamas broker owner negotiates settlement, plea over $17m ‘fraud’
The owner of a Bahamas-based brokerage has reached “a settlement in principle” with US federal regulators over allegations that he played a key role in a $17 million financial fraud.
Union: ‘We’ll meet new BTC owner at airport’
Union representatives yesterday said they plan “to meet Liberty Global at the airport and see what baggage they’re carrying”, with the company’s acquisition of the Bahamas Telecommunications Company’s (BTC) majority owner set to close on May 13.
Baha Mar contractor suffers dispute reverse
Baha Mar’s main contractor has lost its bid to stay a court action brought by a US-based demolition company, which is seeking to collect an outstanding $754,704 balance for work on the $3.5 billion project.
IAN FERGUSON: Competition must co-exist with teamwork
The intent behind personal branding is encouraging employees to distinguish themselves from their peers. It compels them to assess their workplace strengths, leverage them to stand out and, ultimately, to advance in the workplace. This healthy competition creates the ideal environment for productivity and efficiency to thrive.
Aviation registers over 150 drones
More than 150 drones have been registered with the Department of Civil Aviation to-date, the head of Flight Standards told Tribune Business yesterday.
