Union feared BTC ‘prop up’ of CWC
Union representatives for the Bahamas Telecommunications Company’s (BTC) line staff say the potential takeover of its controlling shareholder was “always our fear” from the moment the 2011 privatisation was completed.
Mobile HoldingCo: Rush to minimise Gov’t involvement
Financial advisers are racing to minimise any Government involvement in the ‘HoldingCo’ that will own the Bahamian people’s 51 per cent interest in the second mobile operator by ensuring its formation coincides with the licence’s issue.
Mandatory guides push threatens 80% of fly fishing impact
The Bahamas could lose almost 80 per cent of the fly fishing industry’s $141 million annual economic impact if it alienates the ‘do-it-yourself’ anglers, a leading tourism executive has warned.
Credit unions told to return to roots
The Senate president has urged the $350 million-strong credit union movement to promote sustainable development and saving by its members, rather than rely on consumer lending for growth.
‘Complete disaster’ for 2,026 Baha Mar workers
The Government’s Baha Mar ‘liquidation strategy’ was yesterday branded “a complete disaster” by a former Board director, after the Supreme Court authorised the termination of 2,026 employees.
Extra $16.7m may have saved 600 Baha Mar staff
Up to 600 Baha Mar jobs could have been saved had the project’s joint provisional liquidators secured $16 million in additional funding, Tribune Business can reveal.
Baha Mar ‘gamble’ by Gov’t backfires on Bahamian jobs
The Government’s Baha Mar’ liquidation strategy was last night branded as “a gamble” that has backfired on the Bahamian people, costing not just several thousand jobs but placing the entire $3.5 billion in project “in jeopardy”.
No severance for 2,026 terminated Baha Mar staffers
The 2,026 terminated Baha Mar employees will not receive due severance pay and all benefits owed to them, amid increasing uncertainty over the $3.5 billion project’s fate come November 2.
IAN FERGUSON: Assessing business readiness for 2016
Throughout October, successful businesses invest time and resources (often with the assistance of external consultants) to prepare their businesses for the upcoming year. Today’s article focuses on a globally respected tool that has become easily accessible to Bahamian businesses serving both international and local customers. The Hospitality Assured Programme has become known for assisting companies achieve outstanding results in their business and service goals.
Gov’t bids to ‘revive’ Bahamian-led projects
Prime Minister Perry Christie yesterday promised that the Government would “make every effort” to revive Bahamian-driven investment projects on Exuma, adding that locals needed to keep pace if they were to exploit foreign direct investment (FDI).
Sandals eyes Delta boost for Exumas
Delta Airlines’ decision to increase its existing service into Exuma to a daily frequency from December will be a significant boost to airlift, Sandals Emerald Bay’s general manager said yesterday.
Greater Bahamian input into major projects urged
The Family Islands will never achieve the level of economic impact to match major developments if central government remains the driving force behind them, a private sector executive said yesterday.
GB Power owner puts CNG project on hold
A newly-approved project to supply Grand Bahama Power Company (GBPC) with natural gas will not be initiated immediately because low global oil prices mean the economics do not now make sense, Tribune Business was told yesterday.
Ex-DPM slams Hilton garage consultation
A former Deputy Prime Minister believes the Government’s planning consultation over the new British Colonial Hilton parking garage is pointless, given that construction is moving “full steam ahead”.
Bran: PM ‘adding another failure to legacy’ with NHI
The Prime Minister will “add another failure to his legacy” if he forges ahead with the proposed National Health Insurance (NHI) model because key healthcare sectors are simply “not ready” for the scheme.
