Web shop boss blasts ‘ridiculous’ close order
The only operator to be rejected for a web shop licence yesterday expressed surprise at being ordered to close down by December 7, describing the whole situation as “ridiculous”.
New standards will ‘stress’ some banks
Bahamian banks close to minimum regulatory capital requirements will be “stressed” by the implementation of new global standards in 2016, a Central Bank of the Bahamas report has warned.
GBPA ‘exposed’ to legal challenge on power rate process
The Grand Bahama Port Authority (GBPA) was yesterday warned it is “exposing” itself to potential legal challenge by allowing just a nine-day public consultation over the island’s proposed electricity rates for the next three years.
NHI rhetoric ‘putting sparks on dry tinder’
A well-known physician has slammed the “dangerous” rhetoric the Government is now employing to sell its National Health Insurance (NHI) scheme, and accused it of “putting sparks on dry tinder”.
Babak ‘divorce’ to unlock GBPA sale
An outspoken QC yesterday pronounced himself “absolutely thrilled” to learn that the Grand Bahama Port Authority’s (GBPA) feuding owners seemed to have united and finally “divorced” themselves from ex-chairman, Hannes Babak.
Top doctor likens NHI inducements to ‘bribes’
A well-known physician yesterday said the latest spending revelations and changes to the National Health Insurance (NHI) plan amounted to an attempt to “bribe” the Bahamian people and doctors into accepting it.
PI restaurant set to ‘get them off-ship’
Margaritaville Bahamas’ operators yesterday suggested it would help lure more cruise passengers off the ship and increase spending yields, describing its launch - and the creation of 160 jobs - as a “no brainer”.
GB residents given nine-day response to new power rates
Grand Bahama residents have been given just nine days to respond to a complex proposal that aims to set electricity rates for the next three years, including an 8.5 per cent reduction in the ‘base rate’ for large industrial companies.
Gov’t touts 17% emergency room visits fall in GB
The Government says “real improvements” are already occurring in the public health sector as a result of ongoing reforms, citing a 17 per cent reduction in emergency room visits in Freeport due to longer clinic opening hours.
$31m budgeted for NHI’s first quarter
The Government is allocating $31 million to cover National Health Insurance’s (NHI) first three months, while somewhat bizarrely suggesting all sides’ first phase cost estimates “fall within a similar range”.
BEC pollution threatens our ‘economic prosperity’
Environmental activists yesterday launched their long-threatened legal action over the persistent oil pollution plaguing Clifton Pier, warning that the situation was “damaging the economic prosperity” of the Bahamas.
Gov’t trying to ‘sucker’ doctors into agreeing NHI
Bahamian doctors yesterday expressed concern that the Government was attempting to “sucker us into” accepting National Health Insurance (NHI) by adjusting the model slightly to accommodate some of their demands.
Brewery founder ‘elated’ over his Budweiser coup
An “elated” Bahamian Brewery and Beverage Company founder was yesterday celebrating his coup in seizing the Bahamian distribution contract for Budweiser and all brands produced by Anheuser-Busch from his major rival.
Joaquin damages grow to $100m
Prime Minister Perry Christie yesterday said Hurricane Joaquin damage estimates had increased to $100 million, as he pledged to explore whether insurance could further help the Bahamas recover from such storms.
Dominos targets 20% online sales in 2016
AML Foods plans to complete the ‘remodel’ of its Dominos franchise locations within the next year, company executives said yesterday, telling Tribune Business they are aiming to generate 20 per cent of total sales via the Internet by end-2016.
