Miller: Baha Mar 'no problem' for BEC when it comes on stream
THE Bahamas Electricity Corporation (BEC) will have “no problem at all” meeting electricity demand once the Baha Mar mega resort comes on stream, its executive chairman telling The Tribune that it was “not probable or possible” for any firm to reduce the cost of energy in the country by 50-60 per cent.
Consolidated Water reports two percent revenue increase
THE BISX-listed Consolidated Water Company Ltd (CWCO) is reporting improved operating results and for the 2013 second quarter and first half of 2013, with total revenues for the quarter increasing two per cent to approximately $16.6 million.
Marco's Pizza opens first store in Freeport
MARCO’S Pizza (Bahamas) will create 55 new jobs when it opens its first store in Freeport early next week, the franchise’s operator revealing that as many as eight stores are envisaged for The Bahamas.
MILLER: POWER PLANT PROPOSAL COULD SAVE BEC $85-$100m IN FUEL COSTS
THE Bahamas Electricity Corporation (BEC) would see savings of between $85-$100 million if a new power plant was constructed in the next 30 months according to its executive chairman Leslie Miller, who touted the corporation’s own power generation proposal as superior to any plan presented to the Government.
Offshore sector 72 times larger than Bahamas GDP
The Bahamian international financial services industry is 72 times larger than this country’s gross domestic product (GDP), an International Monetary Fund (IMF) study has estimated.
Power project pledges 25% water cost slash
Bahamian water bills could be slashed by 25 per cent through the cheaper electricity costs proposed by a $700 million power plant project.
Gov't moving to bring Gaming Board up to speed ahead of new laws
TOURISM Minister Obie Wilchcombe said that training for gaming inspectors would begin in a few weeks as the Government moves to ensure that the Gaming Board is “up to speed” before the Gaming Act 2013 and associated regulations are passed.
Bimini Big Game Club 'doing well' say bosses
MANAGEMENT at the historic Bimini Big Game Club Resort & Marina continue to report a healthy 2013 with a 12 per cent season increase over 2012 based on room occupancy and food and beverage earnings.
DPM 'rejects' $500k solution for Oceania
The Deputy Prime Minister has rejected a proposal that would have seen homeowners at the controversial Oceania Heights project lumbered with a $500,000 debt repayment obligation.
Baha Mar: Gov't has no right to 'tamper' with infrastructure cost
BAHA MAR executives said yesterday that under its Heads of Agreement with the Government the latter has ‘no right’ to ‘exclude, discount or modify’ any of the infrastructure cost included in the company’s determination, telling Tribune Business that they anticipated that the Government would honour its agreement.
Gov't set to 'revive' land reform Bills
The Government is planning to “revive” a three Bill-strong legislative package that would create a Bahamian Land registry, a Cabinet Minister has confirmed.
Three companies shortlisted for operator to manage Grand Lucayan's casino
THREE companies have been shortlisted in the Government’s search for an operator to manage Grand Lucayan’s casino, Tourism Minister Obie Wilchcombe revealed yesterday, adding that an announcement on the new operator could come in two to three weeks.
Timber company targets 20,000 ft of lumber production
A COMPANY with a licence to harvest timber in The Bahamas is set to ‘kick-start’ a small scale operation in Abaco at the end of the month, its principal telling Tribune Business that the company was looking to produce 20,000 feet of lumber before launching into large scale production.
Bahamas Striping looks to create 20 new jobs
BAHAMAS Striping is looking to create 20 new jobs initially as it moves into airport maintenance with its subsidiary Airport Maintenance Services (APS).
Fidelity Bank completes process for BISX listing
The Bahamas International Securities Exchange (BISX) has announced that Fidelity Bank (Bahamas) Limited has successfully completed the listing process for their Series E Redeemable 6 per cent Fixed Rate Notes due 2018 (the “Notes”) which are now listed on the Exchange under the symbol FBB18.
