IAN FERGUSON: Maximising resources for greater efficiencies
Effective resource management is a priority for all companies seeking to maximise profit margins, retain top talent and increase customer satisfaction.
PM: Grand Lucayan sale a ‘positive step’
Prime Minister Perry Christie said yesterday that the Government views the impending sale of the Grand Lucayan as a “positive step forward”, with major hotel and casino investors and operators potentially creating “renaissance in Grand Bahama tourism”.
Capital market boost from Depository site
The Bahamas Central Securities Depository’s (BCSD) new website will allow shareholders to have instant access to critical information on Bahamian publicly-traded companies, its president telling Tribune Business that educating and informing investors is key to growing the capital markets.
80% Parliament backing needed for spending rise
Fiscal Responsibility legislation must “make it extremely difficult” for the Government to exceed Budget spending forecasts, an outspoken businessman yesterday demanding that any increase require at least 80 per cent Parliamentary approval.
Atlantis: 30 managers laid-off in restructure
Atlantis and senior government officials yesterday gave different explanation’s for its termination of 30 middle management staff, with the resort attributing the move to a restructuring exercise.
Water Corp success costs supplier $8.1m
Consolidated Water’s Bahamian revenues have decreased by more than $8 million over the past two years, as the Water & Sewerage Corporation’s leak and loss reduction programme bears fruit.
Doctor criticises ‘God-like powers’ of NHI Authority
The “God-like powers” granted to the proposed National Health Insurance (NHI) Authority by draft legislation were yesterday criticised by a well-known doctor, who said it did not represent “a comprehensive National Health Plan”.
Gov’t warned: Don’t ‘eradicate headroom’
The Government was yesterday urged by a former finance minister to ensure it does not “eradicate any borrowing headroom” should a national emergency strike.
FINCO holds off dividend despite profit up 10-fold
Despite an almost 10-fold net profit increase in 2015, FINCO’s Board is citing the earnings “volatility” produced by “unacceptably high” bad mortgage loans and low growth as the rationale for no year-end dividend payment.
City Markets pension saga in further delay
Former employees of the now-defunct City Markets will have to wait at least a fortnight to find out whether they are closer to a resolution in the more than four-year battle to receive their pensions and due severance pay.
Grand Lucayan sale offers tourism rebirth
The potential rebirth of Grand Bahama’s hotel product moved a step closer yesterday as the 409-acre Grand Lucayan resort was placed on the auction block, an adviser saying: “It’s the right time and place to come to market.”
Grand Lucayan facing strike ‘any day now’
The Government’s decision this week to permit 600 hotel workers to strike coincides with their employer’s move to launch the formal process to sell Freeport’s Grand Lucayan resort.
Resort sale set to deliver ‘big things’
The Minister of Tourism yesterday said the potential sale of Freeport’s Grand Lucayan resort could mean “big things” for Grand Bahama’s if a major hotel brand is secured to operate it.
PM: Bahamas must fix ‘broken systems’
The Prime Minister has conceded that the Bahamas must fix “broken systems that no longer serve our needs” if it is to remain competitive in financial services and other international industries.
Bahamas targets ‘Singapore of Latin America’
The Bahamian financial services industry is targeting reforms to existing products that will enable it to penetrate new markets, with the goal of becoming the “Singapore for Latin America”.
