Call termination cuts ‘a beautiful thing’
A rival telecommunications provider yesterday said it was “100 per cent behind” plans to cut the Bahamas Telecommunications Company’s (BTC) call termination rates by up to 60 per cent, telling Tribune Business the proposed 2 cents per minute slash for 2013 was “a beautiful thing”.
Export ban will not ‘collapse’ 1.6m Ilb sector
A BAN on conch exports will not “collapse” the fishing industry, the Bahamas Commercial Fishers Alliance (BCFA) president said yesterday, adding that the organisation backed efforts to preserve a population that generated 1.6 million pounds in recorded landings last year.
Top KYC ranking ‘important defence’ against G20/OECD
An author of the report that placed the Bahamas among eight nations with a 100 per cent perfect Know Your Customer (KYC) compliance record yesterday told Tribune Business that the findings “should be an important defence” against further G-20/OECD attacks on this nation.
BTC to eliminate 250k phones via ‘trade in’
THE Bahamas Telecommunications Company (BTC) has initiated a 10-day “trade-in” campaign aimed at ridding the country of some 2,300 outdated cellular phone models.
Filtering out those who just say ‘No’
My son recently graduated from university and formed a marketing company in Chicago.
‘Chickens come home to roost’ over S&P action
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman said yesterday that the private sector was concerned that any further downgrade in the Bahamas’ economic outlook could potentially make this jurisdiction a less attractive place to do business.
Moody’s: Bahamas still ‘highest’ in Caribbean
The Bahamas still has “the highest” sovereign credit rating in the Caribbean despite Wall Street’s ‘negative’ outlook on the Government’s finances, a leading analyst yesterday saying this nation was performing well “in a global context”.
Conch’s extinction threat ‘very alarming’ for economy
“Very alarming” survey results have revealed that the Bahamian conch population is being driven to extinction, the Bahamas National Trust’s (BNT) executive director yesterday saying this would have a “very detrimental economic impact” on hundreds of people.
S&P goes ‘negative’ on Bahamas as debt ratio rises 11% pts
Wall Street last night forecast that the Bahamas’ net government debt would hit 45-47 per cent of GDP by 2013-2014, a double digit rise in three years, as one rating agency slashed its economic outlook on this nation to ‘negative’.
Tax reform paper set for October release
The Government is planning to release its Tax Reform White Paper for public consultation next month, a key Cabinet Minister yesterday telling Tribune Business the Government was “up to the task” of avoiding a further sovereign credit downgrade.
Ministry’s $4-$5m Vision outlay ‘much too high’
TOURISM Minister Obie Wilchombe yesterday the Government was “modifying” Bahamasair’s takeover of Vision Airlines’ service to Grand Bahama, telling Tribune Business the $4-$5 million outlay demanded from his Ministry was simply too high and “not paying the dividends”.
Gov’ts ‘recovery driver’ meet with private sector
The Government will on Thursday meet with business stakeholders to further develop its economic strategy, a Cabinet minister telling Tribune Business that the private sector was “key to driving the recovery”.
Financial Focus: Adopt US approach to stop 'victimisation'
On November 6, 2012, US citizens will go to the polls to elect a new president who will govern for a four-year term beginning on January 20, 2013.
Doctor’s week away from $1.5m facility’s opening
Doctors Hospital’s Bahamas Medical Centre is about a week away from full operations, the BISX-listed company’s president yesterday telling Tribune Business $1.5 million had been pumped into the Blake Road facility that is expected to be a “key player” in its international patient business.
Regulator updates over 200 financial providers
More than 200 Financial and Corporate Services Provider (FCSP) representatives and other stakeholders attended two Securities Commission briefings to update the sector on its regulatory direction.
