Energy bid upset at info 'vacuum'
An Israeli-based energy provider yesterday expressed unhappiness over the information “vacuum” that had emerged since it presented a multi-million dollar power plant solution to the Government six months ago.
50% of employers 'over three months late' in paying NIB
Almost 50 per cent of Bahamian employers are “more than three months late” in paying National Insurance Board (NIB) contributions on their workers’ behalf, an actuary urging an end to “laissez faire” compliance efforts.
'Unique' 42-acre condo project breaks ground
DEVELOPERS have broken ground on a 42-acre gated condominium and town home community in western New Providence, with the first 30 units expected to be completed by March 2014.
Sandals hosts VIP golf tournament
Celebrities flocked to Sandals Emerald Bay in Exuma this past weekend for a getaway and golf for a good cause.
Gaming Board to reduce physical casino presence
The Gaming Board is aiming to reduce the need to maintain a physical presence inside casinos through investing in technology that will allow it to remotely monitor gaming activities, it was revealed yesterday.
Arawak Port repayment causes $41m loan fall
The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.
Getting the most from your 'stars'
Every workplace has super stars: Employees who far exceed the potential and performance of other workers. Some researchers indicate that 7-9 per cent of your employees have the natural inclination and aptitude to deliver great value that far exceeds that produced by the average employee.
NIB told: Slash admin costs 50% in 10 years
The “very inefficient” National Insurance Board (NIB) has been urged to slash its administrative costs, as a percentage of total contribution income, by more than 50 per cent over a 10-year period.
Auto dealers fear 40% sales slump from VAT
Bahamian auto dealers fear Value-Added Tax’s (VAT) implementation will cause the sector to follow its Caribbean counterparts into a 30-40 per cent sales decline, with one arguing that the proposed tax was “not the right fit for our economy”.
Baha Mar energy partner seeking $6m in Bahamas
The company behind Baha Mar’s proposed Seawater District Cooling (SDC) plant is seeking to raise $6 million from Bahamian investors, Tribune Business can reveal, having signed a 20-year energy supply agreement with the Cable Beach resort developer.
VAT was 'not meant to be without pain'
Value-Added Tax’s (VAT) implementation is “not meant to be without pain”, a former finance minister warned yesterday, arguing that all Bahamians had to share “the cost of repairing” the Government’s finances.
URCA 'close' over number portability
The Utilities Regulation and Competition Authority (URCA) yesterday said it expects to make an announcement on number portability’s launch within a few days, telling Tribune Business: “We’re close”.
BEC bids cut by one-third
The number of bidders for the Bahamas Electricity Corporation (BEC) has been cut by one-third, the Government yesterday announcing that just six groups have been put through to the pricing round.
THE ART OF GRAPHIX: Getting computers to pick up the pace
Help. I need a new computer, this one is so slow and my deadline is tomorrow. We have all heard this cry before. You felt your life would be more enjoyable, graphic work easier and flow smoother since you took the initiative to invest in this amazing, brand new PC. But that was eight years ago.
Gov't urged: Protect FirstCaribbean jobs
The Government was yesterday urged to do all it could to “protect as many Bahamian jobs as possible” at CIBC FirstCaribbean International Bank (FCIB), given the potential forced lay-offs its regional restructuring plans may involve.
