Cable fears 50% call terminate revenue cut
Cable Bahamas has warned that imposing price controls based on Bahamas Telecommunications Company (BTC) related benchmarks would slash its phone call termination revenues by 50 per cent, creating an “unjustified negative impact” on its finances.
Hotel Corp deal 'interference in private sector'
The Hotel Corporation’s newly-announced business tie-up with the Bimini Bay Resort was yesterday slammed as “further interference by the Government in the private sector”.
Broker 'shock' over Customs' raised taxes
CUSTOMS brokers expressed “shock and surprise” over several new fees which took effect yesterday, with one telling Tribune Business it would take several days to get up to speed with the Budget-related adjustments.
Agency hires 15 for GB Shipyard
Clear Blue Maritime Agency has been working with the Grand Bahama Shipyard (GBS) for the past four years to provide more Bahamian men and women with work. A group of 15 new recruits recently hired by Clear Blue Maritime have been given the opportunity to train in various departments within the Shipyard.
Realtor shifting model to 40% foreign clients
A well-known realtor yesterday revealed he was shifting his business model from near-total reliance on the Bahamian market to one with a 40 per cent international share, as he urged the sector to “get off our butts”.
Port Authority backs Maritime Policy plan
The Grand Bahama Port Authority (GBPA) has given its backing to the development of a comprehensive National Maritime Policy for the Bahamas.
BEC interim plan cut fuel cost 30%
Dear Editor, Please afford me a little space to respond to recent remarks by the present chairman regarding the interim plan that was left in place by the Board I chaired to expand BEC’s generation capacity.
Latin American slip 'no cause for alarm'
The 2012 decline in Latin America’s high net worth statistics is “no cause for alarm” in the Bahamian financial services industry, with overall global growth presenting “more opportunities” for this nation.
Bank 'leaps forward' 10 years over pref rights
Commonwealth Bank’s shareholders have voted unanimously to jumpstart its response to potential regulatory capital deficiencies almost 10 years ahead of time
Arawak Homes enjoys 'phenomenal' launch
ARAWAK Homes has seen a “phenomenal” response to its new home models line, its president telling Tribune Business that with five out of 16 lots already sold, the company was sifting through 300 applications for the remaining 11.
Judicial Review threat to Blackbeard's Cay
Environmentalists have warned that a Judicial Review challenge to the $5 million Blackbeard’s Cay project is “not off the table”, with the Government seemingly hesitating in giving the developers their Business Licence.
Caribbean Bottling goes 'Full Throttle' with 10 new jobs
Caribbean Bottling Company (Bahamas) is poised to create 10 extra jobs as it goes ‘Full Throttle’ to launch a new energy drink and add three new flavours to its Minute Maid brand within the next six weeks.
FamGuard closes on Freeport HQ purchase
FamGuard (Bahamas) is closing on the acquisition of a new headquarters for its Freeport operations, while also gearing up for the “imminent” launch of its ‘simplified issue’ life product.
Insurance newcomer targets $2m top-line
A newcomer to the Bahamian general insurance industry is expecting to “write in excess of $2 million” worth of business during its first full year, describing the market as “heavily slanted” against consumers.
Insurer seeks stay on 'consternation causing' verdict
A Bahamian insurer has moved to ‘stay’ a Court of Appeal judgment that has major “ramifications” for the auto underwriting industry, with several accident victims already moving to reinstate old claims.
