Consolidated's NPDevCo JV 'null and void'
Consolidated Water’s bid to supply western New Providence with water via a $7 million joint venture investment has been thrown into jeopardy, after the Water & Sewerage Corporation ruled that the 25-year franchise agreement underpinning the deal was “null and void”.
Baha Mar 'bids out' over $230m to Bahamians
Baha Mar has “bidded out” more than $230 million worth of work to Bahamian contractors, a senior executive telling Tribune Business the developers had spent “almost one-third” of the project’s $3.5 billion construction budget.
Gov't developing system for '90% of investor needs'
The Government is aiming to “instutionalise” an approvals process that “meets 90 per cent of the needs of investors” coming into the Bahamas, a Cabinet minister telling Tribune Business that “hundreds” of proposals were before it.
Renewable energy penetration under 2%
Laws to regulate net metering and/or net billing could lead to increased alternative energy installations in the Bahamas, a local provider estimating that renewable penetration in this country was only around 2 per cent.
Hotels face 'real challenge' filling 21% supervisory jobs
The hotel industry faces “a real challenge” in finding enough Bahamians to fill the 21 per cent of jobs accounted for by managerial positions, a senior hotel executive has warned.
Gov't deficit rises 50% in early 2012-13
The Government’s deficit grew by 49.5 per cent to hit $81.6 million for the first two months of the 2012-2013 fiscal year, a key Ministry of Finance adviser saying the “unwelcome” trend of spending growing faster than revenues remained.
'New day' needed for employer/union relations
The Bahamas must “usher in a new day” of business/labour co-operation, a senior Bahamian hotel executive urging that trade unions see the employer’s ability to “prosper” as the key objective.
Brewery 'driving by numbers plan'
Commonwealth Brewery has matched the interim $0.25 per share dividend it paid out to its 3,000 shareholders in 2011, its managing director telling Tribune Business that it expected 2012’s final quarter to also go “according to plan”.
Fishermen seek 30-day grouper season extension
THE Bahamas Commercial Fishers Alliance (BCFA) wants the Government to grant a 30-day extension to the grouper season, its president telling Tribune Business this would assist fishermen who had suffered losses due to Hurricane Sandy.
Developers 'kidding' if Out Island hotels larger than 75 rooms
Developers are “kidding themselves” if they think Family Islands can sustain resorts larger than 75 rooms, a leading Bahamian hotel executive urging such properties to “tie” into an island`s special attractions.
Ginn core: 'No sale' despite $15m offers
The master planner for the former Ginn sur mer project core yesterday said the plan was to find investment partners, not sell the 280-acre property, with Tribune Business able to reveal several $15 million purchase offers have been made.
Three-tier licence structure urged for water industry
A paper co-authored by the Water & Sewerage Corporation’s (WSC) general manager has called for a three-category licence structure to oversee the Bahamian water industry, arguing that “ineffective regulation” had created unacceptable results for both consumers and producers.
BTC 'principal' driver for CWC's Caribbean 4% earnings growth
The Bahamas Telecommunications Company (BTC) was the “principal” driver of the 4 per cent operating income increase enjoyed by its regional parent during the 2012-2013 first half, with mobile data usage in this nation having increased 600 per cent in 18 months.
'Split' US decision tohit Bahamas, world
International observers often worry about the centrifugal trend in many countries - the tendency of regions or ethnic groups to demand autonomy or independence, weakening the control of central governments and any “national” identity. Just a few examples: in Spain, wealthy Catalonia is threatening to spin off; Scotland wants separation from England; the Kurds want nothing to do with greater Iraq; Nigeria is split between the Christian south and the Muslim north; tribal allegiances in Pakistan and Afghanistan shatter any hopes for unanimity.
Achieving the profile for business success
When I’m asked how business people find themselves in the wrong place at the wrong time, I generally follow two lines of reasoning. These include wrongly thinking there was a market in a gap where there was none, and lacking the right personality to be in business in the first place.
