Sandals: Energy 'main deterrent' to our expansion
Utility costs are “the single biggest deterrent” to Sandals Emerald Bay’s expansion, it was revealed yesterday, with energy consuming 18 per cent of the resort chain’s Bahamian revenues.
30% energy cost cut sought from new BEC manager
The Government wants the Bahamas Electricity Corporation’s (BEC) management company to guarantee a more-than 30 per cent reduction in energy costs within 24 months, with the winning bidder expected to be selected within two weeks.
Hotels targeting 50% energy cost drop in 5 years
The Bahamian hotel industry wants a 50 per cent reduction in energy costs over the next five years, a senior executive yesterday describing this as “simply critical to our future”.
Gov't to explore 'pay as you go' meters for BEC
The Government yesterday said it will explore implementing a “pay as you go” metering and billing system, in a bid to slash the Bahamas Electricity Corporation’s (BEC) nine-figure accounts receivables and help consumers manage their energy consumption.
Fuel hedging key for BEC's manager
Fuel hedging will likely be a key obligation imposed on the Bahamas Electricity Corporation’s (BEC) new private sector manager, its current executive chairman yesterday saying declining global oil prices meant it was the “perfect time” to secure a three to five-year supply contract.
BEC: Its 35% 'too high' heat rate costs millions
The Bahamas Electricity Corporation (BEC) could generate multi-million dollar savings for its long-suffering customers by simply bringing its fuel burning efficiency in to line with the global industry average, it was revealed yesterday.
THE ART OF GRAPHIX: The many hats worn by graphic designers
A graphic designer, also often referred to as a graphic artist, wears many different hats in using an equally diverse number of media to create different types of designs.
$140m project: Baha Mar targets 30% energy demand cut
Baha Mar believes its energy demand will be slashed “by 30 per cent or more” as a result of the Government approving a $140 million project to supply all its resorts’ air conditioning (AC) needs.
BFSB honours student competition winners
A 12th grade Abaco student has won the Bahamas Financial Services Board (BFSB’s) Speech Competition.
BTC upgrades 67 mobile locations
The Bahamas Telecommunications Company (BTC) is enhancing 67 existing mobile sites throughout the Bahamas as a part of its recently-announced $26 million network upgrades.
Bahamas urged to refine its own oil
By NATARIO McKENZIE
BFSB's top student opens his account
Tevin Bannister, the Bahamas Financial Services Board’s (BFSB’) student of the year 2014, met with his assigned investment manager at CFAL prior to opening an investment account, the major prize for having attained the title.
25% of mortgage credit ‘past due’
Almost $1 out of every $4 mortgage dollars lent by Bahamian commercial banks was past due at end-October 2014, Tribune Business can reveal, as the Government moves to revive its “dead in the woods” relief plan.
Wilson: My Mortgage Relief Plan ‘more likely to succeed’
A leading businessman yesterday pledged that his effort to revive the Government’s Mortgage Relief Plan will have “a far higher probability of success”, suggesting the first attempt failed because the banks “didn’t know their reality”.
Bank, Govt’s united front over ‘very damning’ report
Banking sources and the political Opposition yesterday described Tribune Business’s revelations on Bank of the Bahamas as “incredibly damning”, as the institution joined forces with the Government and regulatory to present a ‘united front’ in solving its problems.
