Gov’t, private sector eye Innovation Council
The private sector is in talks with the Government to create an Innovation and Productivity Council, Tribune Business was told yesterday, with an announcement likely to be forthcoming soon.
Rahming remains as Baha Mar liquidator
Bahamian accountant Ed Rahming yesterday said he remained one of Baha Mar’s three provisional liquidators amid expectations that their appointment will be ended tomorrow by the Supreme Court.
Gov’t official: $100m health spend wasted
A senior Government medical official has admitted that around $100 million, or 25-30 per cent of its annual healthcare spending, is wasted.
NHI opponents ‘morons, money grubbing asses’
The Bahamian healthcare industry reacted with fury this weekend after a key architect of the Government’s National Health Insurance (NHI) scheme branded its stakeholders as “morons and money-grubbing asses”.
PHA readies for $25m bond issue
The Public Hospitals Authority (PHA) is set to launch a $25 million bond offering into the Bahamian capital markets next month, Tribune Business can reveal.
Just 3% of health premiums go to insurance profit
Just 3 per cent of premium income typically goes to health insurers’ profits, Family Guardian’s president revealed, as he warned that National Health Insurance (NHI) could reduce available healthcare benefits.
Harbour boardwalk plans targeted for year-end approval
The Downtown Nassau Partnership’s (DNP) co-chair hopes “acceptable” plans for the proposed Nassau harbourfront boardwalk can be finalised before year-end, as he backed duty-free to revive a shrinking retail sector.
Fourth consecutive credit contraction for Bahamas
The Bahamas is on course for its fourth consecutive year of private sector credit contraction, with Standard & Poor’s (S&P) warning this is combining with elevated non-performing loans to “clog” economic growth.
Key Bay Street ‘catalyst’ needs $150-$200m spend
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said Union Wharf’s buyers needed to invest between $150-$200 million to ensure a successful development, and provide a counterweight to the British Colonial Hilton’s expansion.
Sands hopes PM has ‘remaining reason’ on NHI
A well-known physician yesterday expressed hope that the Prime Minister had “some remaining reason” to ensure that political objectives were overridden, and a National Health Insurance (NHI) “catastrophe” avoided.
Cable says Q3 loss no trend
Cable Bahamas yesterday said the $587,000 net loss suffered in the 2015 third quarter was unlikely to develop into a trend, as it blamed the ‘red ink’ on unanticipated delays in the mobile licence bidding process.
‘Pivotal’ Gov’t move in Freeport legal battle
The Government’s decision yesterday to release the long-withheld McKinsey report could prove “pivotal to Freeport’s future”, a well-known QC argued, and help to end “the infighting” that has obstructed the city’s economic development.
Industrial Relations Act best for dismissal claims
A trade union leader yesterday called on workers to seek ‘dismissal’ compensation under the Industrial Relations Act, as its provisions were much stronger than the Employment Act’s.
Landfill fires: ‘No quick fix’
RENEW Bahamas, the New Providence landfill operator, said yesterday that “fundamental changes” at the site were necessary to eliminate persistent fires, including more “vigorous” enforcement of the non-acceptable materials policy.
BlackRock’s first GBPA offer ‘potential disaster’
The first BlackRock offer to purchase the Grand Bahama Port Authority (GBPA) was a “potential disaster” for both shareholder families, as it guaranteed they would receive just $37.5 million each.
