Cellular revenues per user up despite subscriber fall-off
The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.
Gov’t to delay third mobile operator entry
The Government is planning to change the communications sector policy to delay the entry of a third cellular operator until “at least three years” after the second one has begun commercial operations.
No ‘concessionary’ 5% VAT room rate for GB
The Bahamian hotel and tourism industry has failed to maintain Grand Bahama’s concessionary 5 per cent room rate post-Value Added Tax (VAT) implementation, as it “continues to work” on other concerns.
Energy demand to grow 30% by 2030
Bahamian energy demand is likely to increase by 30 per cent come 2030, making it “fundamental” that this nation reduce its dependence on fossil fuels and other foreign sources.
Union leader seeks financial aid for Privy Council appeal
A well-known labour attorney has called on all Bahamian trade unions and the Government to help absorb the costs of a Privy Council appeal, suggesting the case at issue has far-reaching effects for the labour movement and wider country.
Bahamas urged: Seize the moment on China
The Bahamas has been urged to quickly exploit China’s willingness for it to become a debt settlement and Renminbi trading hub, a leading attorney saying: “It’s not going to fall into our lap.”
Poverty breeds 35% ‘no graduate’ rate
More than one-third of the poorest Bahamians fail to complete secondary education, helping to create what a former Cabinet minister yesterday described as a “stubbornly high” youth unemployment rate that must be reduced urgently .
Gov’t urged to ‘at least double’ annual venture fund injection
THE Christie administration was yesterday urged to “at least double” the annual capital injections it makes into the Government-sponsored venture capital fund, and provide a much-needed boost to Bahamian entrepreneurship.
Economic sovereignty fear over PM’s ‘laser beamed’ China focus
THE Opposition’s deputy leader yesterday expressed concern that the Government could give away Bahamian sovereignty over this nation’s economy via its “laser beam focus” on China.
Recovery of ‘millions’ result from BOB’s work, not resolve
THE “millions” in bad loans recovered to-date by Bahamas Resolve actually resulted from prior work by Bank of the Bahamas before their transfer, the former’s chairman said yesterday.
The woes that undermine tourism competitiveness
THE Ministry of Tourism has just celebrated 50 golden years of service in advancing and promoting all that the Bahamas offers to the world.
Food retailers urged: Adopt united strategy
Bahamian food retailers were yesterday urged to “work together and not against each other”, adopting the strategy employed by their Chinese-owned competitors.
Coastal weakness may ‘compromise’ tourism
The Government yesterday said it was undertaking feasibility studies to help management (ICZM) and better manage the country’s coastal resources, and mitigate the impact of natural disasters and climate change.
Bahamas must make a ‘bang’ on arbitration
A leading attorney has proposed the creation of an international arbitration body in the Bahamas, telling Tribune Business yesterday that this nation must “proceed without further delay” to see off Caribbean competitors.
Bank’s unwitting role in multi-million fraud action
Clients of a Bahamian bank and trust company are suing for more than $1.75 million in damages related to a Chinese real estate investment, in which it allegedly played a “liaison” role.
