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.
‘Skin and bones’ Hayward trust watchdog was not exploited
An attorney has denied that he “took advantage” of the elderly, frail protector of the late Sir Jack Hayward’s family trust, even though he was “just skin and bone” when he met him.
Health broker elimination is ‘totally crazy’
The Bahamas Insurance Brokers Association’s (BIBA) president yesterday branded plans by the Government’s National Health Insurance (NHI) scheme to eliminate them, and their value-added role, as “totally, totally crazy”.
PM ‘must be real’ over Baha Mar
The Democratic National Alliance’s (DNA) leader yesterday told Prime Minister Perry Christie to “stop talking foolishness and be real with the Bahamian people” over the $3.5 billion Baha Mar project’s likely fate.
Bahamas abandons ‘seat of the pants’ approach
The Bahamas is preparing to abandon its “by the seat of our pants” approach to national development, a Cabinet Minister yesterday disclosing that the first ‘State of the Nation’ report is likely to be released in January 2016.
ART OF GRAPHIX: Taking stock of top photographs
Have you ever heard the term ‘stock photos’ thrown around, especially while interacting with photographers, designers or persons involved with art? If you did, and guessed this referred to photos stashed somewhere waiting to be used, but were not sure what type of images they were, your intuition was not far off.
‘New BEC’ business plan tied to renewable goals
PowerSecure’s business plan for the ‘new Bahamas Electricity Corporation (BEC)’ is tied to the Government’s National Energy policy goal of 30 per cent renewable penetration by 2030, it was revealed yesterday.
Bahamas urged to reassess insolvency
The Bahamas was yesterday urged to consider whether to reform its insolvency laws and offer companies a path to Chapter 11-style reorganisation, following the recent $3.5 billion Baha Mar dispute.
Union leader gives Privy Council backing
A trade union leader yesterday argued that major changes must be made to a “deficient’ Employment Act and this nation’s industrial relations system.
St Georges ‘thwarted’ GBPA sale to Carlyle
The St George family has been accused of thwarting the Grand Bahama Port Authority’s (GBPA) potential sale to a $203 billion private equity group by failing to provide timely statements detailing its financial performance.
Baha Mar Board resigns en masse
Sarkis Izmirlian and his fellow directors resigned from Baha Mar’s Board last week, with one last night expressing scepticism over the Prime Minister’s assurances that all Bahamian contractors and creditors will be ‘made whole’.
