Doctors: ‘Logical’ for insurers to administer NHI
Bahamian doctors believe it is “logical” for the private insurance industry to administer a Universal Health Coverage (UHC) scheme and its financing, urging the Government not to reject an industry responsible for 9 per cent of GDP.
Web shop chain lays-off 86 staff
The only web shop operator to be denied a license yesterday complied with a Gaming Board order by closing 10 of its 11 locations, laying-off 86 staff in the process.
Contractors hope for early ‘16 regulation
The Bahamian Contractors Association’s (BCA) president yesterday said he was hopeful that long-awaited legislation to regulate the sector could become law as early as Spring 2016, with the private sector backing “95 per cent” of its contents.
Drone regulations are now complete
Legislation to regulate the use of unmanned aerial vehicles (UAVs) in the Bahamas has been completed and will be brought to Parliament shortly, the transport and aviation minister said yesterday.
Auto dealers forecast 40% drop for full year
The Bahamas Motor Dealers Association’s (BMDA) president is predicting that new car sales for the 2015 full year will be down by up to 40 per cent, following a particularly dismal October.
Coke bottler: No impact from 30% investor fight
The Bahamas’ Coca-Cola bottler says no operational changes will result from the takeover battle engulfing its 30 per cent Barbadian shareholder, as it “sits on the sidelines” awaiting the outcome.
Private sector opposes GB Power rate increases
Grand Bahama’s private sector yesterday rejected any increases in the island’s base electricity tariffs, fearing such proposals will “dampen new investor interest” and cause more business failures.
BEC manager’s fees to be capped at $5m
PowerSecure will receive a maximum $5 million annual fee for managing operations at the ‘new BEC’, Tribune Business can reveal, as the latter’s environmental liabilities start to weigh heavily on energy reform.
Bahamian fall in Baha Mar queue ‘terrible’
The Bahamian Contractors Association’s (BCA) president has slammed the industry’s fall in the Baha Mar creditors queue as a “terrible situation”, which will make it harder to recover the collective $74 million owed to the sector.
What companies must do to become public
Offering shares to the investing public (going public) is a conscious decision taken by companies, and the entrepreneurs who own them,to achieve a desired goal.
GBPA is warned: Guard against URCA ‘intrusion’
The Grand Bahama Port Authority (GBPA) must guard against “URCA intrusion” into its regulatory powers via energy sector reform, an outspoken QC has warned.
Businesses urged to on ‘high crime alert’
The owner of a well-known dry cleaning chain has urged businesses to be on “high alert to ensure customer and employee safety heading into the Christmas shopping period.
DNA backs Gov’t over NHI scheme
The Government has received backing for its National Health Insurance (NHI) scheme and proposed implementation timetable from one of its rivals, the Democratic National Alliance (DNA) arguing that its “time has come”.
Bran: No ‘overnight’ solution at Baha Mar
The Baha Mar resort’s opening will likely come “months and months” after a new purchaser has stepped in, the Democratic National Alliance’s (DNA) leader believes, as again criticised the Christie administration for having placed all its economic “eggs in one basket”.
$50m drops Bahamians down Baha Mar queue
Bahamians have fallen further down the Baha Mar creditors queue as a result of the $50 million loan extended to the development’s receivers to cover costs associated with preserving and maintaining the resort assets.
