Private-public linkages drive telecommunications
The Bahamas Telecommunications Company’s (BTC) chief executive says there “has always been” a relationship between the private and public sectors in the country’s communictions market.
Bank of Bahamas: QC urges suit if 'no accountability'
A top QC yesterday urged minority Bank of the Bahamas shareholders to launch a ‘class action’ style lawsuit if the institution fails to fully account for its $100 million ‘rescue’ by the Government.
Gov’t human resources, payroll failings exposed
Government personnel files “cannot be located 15 per cent of the time”, another report cataloguing further waste and inefficiency that ultimately costs the Bahamian taxpayer.
Bahamas must 'cast its net beyond tourism'
The Bahamas must “cast its net beyond tourism” to grow and diversify the economy, a private sector executive describing this as a key step in attracting more qualified professionals/university graduates back to this nation.
Bahamas needs 'courage to change status quo'
The Government must summon “the courage to change the status quo” when it comes to efficient cash flow management, a leading private sector executive yesterday warning this was especially “crucial” given the Bahamas’ $5.8 billion national debt.
Atlantis 'stamps' mark on tourism anniversary
A commemorative stamp featuring Atlantis was recently unveiled as part of a series developed by the General Post Office to mark the Ministry of Tourism?s 50th Year of tourism.
Third Bahamian contender declares cellular intent
A Bahamian-led company has become the third local player to announce its intentions to bid on the second cellular licence, the tender for which is set to be launched shortly.
Bimini first testing ground for BTC's TV
The Bahamas Telecommunications Company (BTC) will use Bimini as the first testing ground for its news Internet Protocol (IP) TV product, with trials set to begin in two weeks.
Atlantis ranked seventh in world for families
Atlantis has been ranked seventh on Travel+Leisure’s list for the World’s Best Hotels for Families, landing in the top tier for the Caribbean, Bahamas and Bermuda.
Crystal Palace to train over 3,000
Baha Mar will use the former Crystal Palace Hotel and casino to train more than 3,000 potential staff for its $3.5 billion development, as it moves to structure its workforce for the late Spring 2015 opening.
Cash flow mismatch costs Gov't $136m
The Bahamian government could slash its borrowing needs by $136 million through implementing basic cash flow management systems, with up to 10 per cent of its annual debt financing deemed “unnecessary”.
Freeport development gains much interest
A proposed multi-million dollar residential resort development for Freeport has generated significant international interest, with pre-construction sales set to begin in the coming months.
Hotels contravene Excise Stamp law
Bahamian hotels have been running afoul of the Government’s Excise Stamp law for tobacco products, resulting in goods “of significant value” being confiscated.
$100m bank rescue 'no reflection' on Board and managers
Bank of the Bahamas’ $100 million rescue is “not an adverse reflection” on its management or Board, but epitomises a commercial bank “reality” that was last week reiterated by Scotiabank’s nine-digit Caribbean writedown.
PharmaChem buy back deal closes
The Italian founder of Freeport’s PharmaChem Technologies has successfully closed the deal to buy back the company from its French owner, and is now understood to be assessing potential expansion plans.
