BTC sees near 22% profit fall
The Bahamas Telecommunications Company (BTC) suffered a near-22 per cent profits fall to $29 million for the first half of its 2016 financial year, as revenues and margins came under pressure from mobile competition preparations.
Bran: Wells must come clean over $650 million LOI affair
The Democratic National Alliance’s (DNA) leader yesterday demanded that Renward Wells and his new party chief disclose the “full circumstances” surrounding the $650 million Letter of Intent (LOI) controversy, arguing that it had set back both renewable energy and a resolution to the landfill’s ongoing fires.
Gov’t urged: ‘Act swiftly’ on failed CLICO promises
The Government was yesterday told it must “accept the lion’s share of blame” if thousands of CLICO (Bahamas) policyholders lose their health insurance coverage, with its initial regulatory mishaps now compounded by repeated failed promises.
Baha Mar liquidators mull change to powers
Baha Mar’s joint provisional liquidators are assessing whether to seek Supreme Court permission to change their powers, following the appointment of Deloitte & Touche as the secured creditor’s receivers for the project.
The Bahamas Contractor’s Association eyes ‘major shift’
Bahamas Contractor’s Association (BCA) president Leonard Sands said that the organisation was eyeing a “major shift” that would allow the association to evolve into an umbrella organisation and forge deeper ties with all industry stakeholders.
Fishermen to ‘live with’ closed Grouper season
The Bahamas Commercial Fishers Alliance’s (BCFA) president yesterday acknowledged that while some fishermen did not want to see a closed season for the Nassau Grouper, “it is something we have to live with”.
Water union’s fear over Miller ‘beef’
The Bahamas Utilities Services & Allied Workers Union’s (BUSAWU) president yesterday said it was disappointed by recent ‘warning shots’ from incoming Water and Sewerage (WSC) chairman, Leslie Miller, but said: “We have no axes to grind”.
CLICO health policies in cancellation danger
Hundreds of CLICO (Bahamas) policyholders are facing a fresh blow, after its liquidator warned yesterday he has no choice but to cancel all health insurance policies unless the Government delivers on its $30 million guarantee and related resolution promises by New Year’s Eve.
Police investigate $25k Passport Office losses
The Royal Bahamas Police Force has been summoned to investigate the disappearance of $25,400 at the Freeport Passport Office, which has resulted in at least one official facing “disciplinary action”.
Oil explorer: JV search ‘longer than we hoped’
The Bahamas Petroleum Company (BPC) has admitted that its joint venture partner search is “taking longer than we would have hoped”, amid growing shareholder frustration over the Government’s apparent “foot dragging” on enabling legislation.
$7m Andros roads project ‘on hold’
A senior Ministry of Works official yesterday confirmed that a $7 million roadwork project in North Andros had been put ‘on hold’ pending an inspection to ensure compliance with the Government’s specifications.
LPG’s 10-month ‘rape’ exposes Price Controls
Bahamian consumers overpaid for cooking gas for 2015’s first 10 months, an outspoken businessman asserted yesterday, arguing that this showed why “archaic” Price Controls needed to be abolished.
ART OF GRAPHIX: Doing Justice to artistic potential
I have always been encouraged by the wealth of art interpretations displayed in various forms by many Bahamians. And it is just as overwhelming to finally catch up with a youngster who is not only a cartoonist but multi-talented, business minded and truly cares about society’s destiny.
CLICO policyholders ‘lose hope in system’
A prominent CLICO (Bahamas) policyholder yesterday said he was “losing hope in the system” due to the Government’s continued failure to bring resolution to the near seven-year saga.
Gov’t Joaquin costs could exceed $56 million
Prime Minister Perry Christie said yesterday that the total cost to repair government buildings and infrastructure damaged by Hurricane Joaquin has been pegged at $56 million, although this could drop to $34 million depending on which option is chosen to repair Acklins’s roads.
