Water plant's assets go 'past useful life'
BISX-listed Consolidated Water yesterday said that extending assets at the Windsor reverse osmosis plant “beyond their useful life” had helped boost its 2013 bulk water supply margins by seven percentage points, while acknowledging it would be “doing some work” at the Nassau-based facility if its operating contract was renewed.
'Unconscionable' to implement VAT
The Free National Movement’s (FNM) deputy chairman believes it would be “unconscionable” for the Government to implement Value-Added Tax (VAT), suggesting that it could instead cut its fixed costs by around 10 per cent.
Williams confirmed as BTc 'special adviser'
The Bahamas Telecommunications Company (BTC) yesterday confirmed its former chief executive, Leon Williams, has been appointed as a special adviser to BTC’s chairman, Phil Bentley,
Freeport stem cell clinic takes funding to $14.2m
A Grand Bahama-based stem cell clinic yesterday announced it had taken its financial war chest to a total $14.2 million, after completing an $8.9 million financing round.
Bring authority to the change process
“I want to tell you something that will transform your business. But I do not like to give my ideas out because too many people steal them.”
Tourism industry seeks scholarship applicants
Some 104 hotel industry scholarships valued at $428,000 have been awarded to Bahamian students in the past nine years, aided by the collaborative efforts of the Bahamas Hotel and Tourism Association (BHTA), the Bahamas Hotel Employers Association (BHEA) and the Caribbean Hotel and Tourism Education Foundation (CHTAEF).
Airport avoiding strike disruption
The NASSAU Airport Development Company’s (NAD) top executive yesterday said it was “naturally concerned” over the potential for long passenger queues given the liklihood of industrial action by Customs & Immmigration staff, adding that airport officials had been given assurances from agency heads of adequate deployment.
$45m Cable Beach project targeting March-end launch
THE Balmoral’ development’s principal yesterday said he was gearing up for the launch of his latest luxury beachfront condominium project on Cable Beach, telling Tribune Business he was aiming to capitalise on strong demand from the international investors for high-end Bahamian real estate.
Attorney to take top aviation summit role
A Callenders & Company partner will play a prominent role at a major international aviation conference in Panama this April.
150 pilots: We're not coming back to Bahamas
A leading private aviation guide yesterday said he was contacted by 150 pilots in two hours to advise him they were no longer flying to the Bahamas after reading his latest blog on this nation’s new and increased Customs and Immigration fees.
Water Corp runs up new $14m debt
The Water & Sewerage Corporation’s persistent financial woes saw it run up an unpaid $14 million bill with its main BISX-listed supplier by year-end 2013, it was revealed last night.
Gov't urged: Intervene on Freeport 'gateway' threat
The Government was yesterday urged to intervene in the increasingly bitter dispute involving Freeport Harbour’s marine pilots before it undermined what one MP described as “the gateway” to the city’s maritime and industrial economy.
Grand Lucayan eyes over 50 lay-offs
Grand Bahama’s Grand Lucayan resort is planning to lay-off more than 50 full-time employees, a trade union alleged yesterday, replacing them with part-time staff who will have less job security.
Wreck salvagers fuming on 2-year licence delay
Frustrated wreck salvagers are visiting Nassau this week to discover why the Government has delayed acting on their licence applications for more than two years, amid fears the Bahamas is losing out on its heritage and a multi-million dollar economic boost.
Firm to 'cash in' over offshore data storage
A BAHAMAS-based cloud computing company is hoping to “cash in” on the growth in offshore data storage and leverage its services to international firms, telling Tribune Business it was “fully equipped” to meet their needs.
