TV credit rush cost senior Pictet staffer her job
The rush to obtain credit from Master Technicians to purchase a TV ended up costing a senior Pictet Bank & Trust employee with 24 years’ service her job, the Court of Appeal yesterday dismissing her $153,410 wrongful dismissal claim.
Bahamas must 'really be concerned' over BTC investor message
The Bahamas must “really be concerned” about the negative message it is sending to international investors over the Bahamas Telecommunications Company (BTC), a senior Chamber official yesterday saying developers “should never” have to factor political risk into their calculations.
MASSIVE ACTION BETTER THAN SOLE MAGIC BULLET
“I THINK you’re full of it,” I was told by one of the directors of an international firm, which had hired me to do a marketing consultation. “All we need to do is put up a billboard on the highway with a few words and we will get all the calls we need.” I had just presented the idea of taking massive simultaneous action versus instilling one thing at a time.
Gov't urged: Scrutinise 'cash for gold' operators better
THE Government was yesterday urged to scrutinise more carefully Business Licence applications for ‘cash for gold enterprises’, a leading trader telling Tribune Business the sector is increasingly being exploited by some simply seeking a “quick flip” for a “quick buck”.
PM pledges to meet City Markets chief
PRIME Minister Perry Christie said yesterday that he intends to meet with Mark Finlayson, principal of the now-defunct City Markets supermarket chain, and help resolve employee demands for a collective $3 million severance package that hundreds are awaiting.
3.3m texts give BTC successful test
The Bahamas Telecommunications Company’s (BTC) yesterday said its upgraded network handled over 3.3 million texts during the wekend, during what it called “a 100% successful test drive” of its new mobile platform.
$102m plant's timetable missforces Baha Mar to 'Plan b'
Plans to reduce Baha Mar’s air conditioning-related energy demand by 90 per cent have been thrown into severe jeopardy, the $2.6 billion resort developer yesterday confirming it had moved “on to Plan B” after a renewable energy firm failed to meet agreed timelines.
$1bn Rose Islandproject 'not active'for Ritz-Carlton
The Ritz-Carlton hotel chain has told Tribune Business it is “no longer involved” with the long-stalled $1 billion Rose Island resort development, describing the project as not “active”.
Auto dealer: Turning 79 prospects into sales 'the icing on the cake'
A Bahamian auto dealer yesterday told Tribune Business it was aiming to “close the deal” on 79 potential car purchases written at its weekend show, adding that turning just 50 per cent of those into actual transactions would be “the icing on the cake”.
'Severe consequences' urged if BTC misses efficiency targets
A well-known businessman yesterday called for “severe consequences” if the Bahamas Telecommunications Company (BTC) failed to meet its mandated 36-69 per cent efficiency improvement targets, arguing that its troubled cellular upgrade showed privately-run monopolies were “much worse” than their government counterparts.
Lab aims to curb testing outflows ‘in the millions’
A Bahamas-based medical laboratory is looking to curb the millions spent abroad annually on lab testing, its operator telling Tribune Business that returns in this sector are among the largest revenue areas for hospitals.
Sky limited by 'very low' 2-3% profit margins
Sky Bahamas’ chief executive has revealed that “very low profit margins” of between 2-3 per cent are continuing to squeeze the private aviation industry and make investors unhappy, despite his airline growing revenues by over 14 per cent in its last financial year.
Marriott 'autographs' $11m resort project
An $11 million Eleuthera resort project will be branded by Marriott’s high-end Autograph Collection, its principal telling Tribune Business he hoped its success would act as an investment “catalyst” for the island once construction was completed “in 14 months’ time”.
BTC ordered to improve efficiency by between 36-69%
The Bahamas Telecommunications Company (BTC) has been set efficiency improvement targets of between 36-69 per cent just to bring it into a ‘median’ position against rivals, the sector regulator finding its “productivity levels remained below those of comparable operators”.
Plan to succeed with succession
By Ian Ferguson
