Shipyard increases local jobs 35% in seven years
Grand Bahama Shipyard has increased its employment of Bahamians by 35 per cent over seven years, injecting $70 million and 2,600 jobs into the economy last year.
Tourism Ministry in GB call centre
GRAND Bahama is well-positioned to become a “technological hub”, according to Tourism Minister Obie Wilchcombe, who yesterday said the Ministry Tourism was playing its part through plans to relocate its call centre to that island.
Chamber: Just two firms exploit free book-keeping
The Bahamas Chamber of Commerce’s (BCCEC) chief executive yesterday criticised small businesses for failing to fully exploit all the assistance available to them, disclosing that just two companies had taken advantage of its free book-keeping service over the past year.
HBO blasts Bahamas for copyright 'failure'
The US’ top pay-TV network yesterday blasted the Bahamas for its “persistent failure” to compensate it for copyright violations, despite claiming only 20 per cent of the $3 million Fund created to do this.
'Serious proposal' for Grand Bahama's casino
THE Government has received a “very serious proposal” from a Canadian group interested in taking over the Grand Lucayan Resort’s casino, tourism minister Obie Wilchcombe confirmed yesterday.
Private sector-run Procurement Bureau can save Gov't $200m
The Government was yesterday urged to establish a private sector-managed National Procurement Bureau as an alternative to across-the-board spending cuts, a well-known doctor suggesting it could save taxpayers up to $200 million per year.
India investors pledge 50MW waste energy plant
A group of Indian investors have committed to developing “at least” a 50 Mega Watt (MW) waste-to-energy plant, that nation’s Honorary Consul to the Bahamas said yesterday.
Copyright woes 'soon dealt with'
The Copyright Royalties Tribunal’s chairman yesterday said the issue of outstanding payments owed to foreign rights holders would “not be outstanding for very much longer”, with Tribune Business obtaining documents showing his predecessor sought to use URCA to “pressure” Cable Bahamas over the issue.
Atlantis in $132m economic injection
Atlantis injected roughly $132 million directly into the Bahamian economy last year through the procurement of goods and services, Brookfield Hospitality’s president and managing director said yesterday
Government 'stalling for time' on energy policy
The Government was yesterday accused of “stalling for time” over its energy sector reform policies, a former Cabinet Minister arguing it was faced with either privatising the Bahamas Electricity Corporation (BEC) or increasing its rates.
VAT needs 'cashless' society to succeed
A Value-Added Tax (VAT) will not succeed without the banks driving Bahamians to a ‘cashless’ society, a leading businessman warned yesterday, adding that reforms would be “a disaster” unless accompanied by “ruthless” enforcement.
Be 'smart' with fiscal reforms
Dr Johnathan Rodgers urges Christie administration to adopt more nuanced approach to reforms
THE ART OF GRAPHIX: How the best computer falls into your lap
I was casually looking for a new laptop this week, and the hunt went surprisingly well despite my meticulous computing specifications and needs.
Equities to generate 10% returns in 'great year'
The Bahamian stock market will generate a minimum 10 per cent return for investors in 2013, a leading investment banker said yesterday, adding that some listed equities had seen “significant price increases” of up to 69.5 per cent year-over-year.
Bahamas must 'disabuse itself' on Immigration
The Bahamas must “disabuse itself” of the mindset that it can meet all the financial services industry’s labour needs internally, a top QC suggesting that “hundreds, if not thousands” of jobs would be created if the sector’s GDP contribution increased just 3-4 per cent.
