CWC: 'Public opinion on our side' over BTC
Cable & Wireless Communications’ (CWC) top executive yesterday asserted that “public opinion is on our side” when it came to the Bahamas Telecommunications Company’s (BTC) privatisation, a survey having found that 84 per cent of Bahamian consumers backed the move.
Government 'aggressively' targeting waste-to-energy
The Government plans to “aggressively explore” waste-to-energy plants both in New Providence and the Family Islands, the minister of the environment yesterday disclosing that several such proposals had been received after the administration took office.
Doctors moves to counter $30-$40m health exports
Doctors Hospital Health Systems is targeting the international market as the natural “go to” sector, as it bids to counter the $30-$40 million spent annually by Bahamians on medical services abroad.
Households in poverty grow 83% in 4 years
Bahamian households living below the $5,000 poverty line increased by 83 per cent between 2007 and 2011, an Inter-American Development Bank (IDB) report warning that “dramatic income deterioration” has driven this number well above 5,000.
Act reforms further kick to 'close to 50%' labour burden
The proposed Employment Act reforms will merely “kick the private sector when it’s down”, a well-known businessman warning that his labour costs were already “edging up towards” being equivalent to both 50 per cent of total costs and gross profits.
Meeting with PM helps 'revive' $225m project
Principals behind the $225 million trade market proposed for Freeport are hoping last Thursday’s meeting with the Prime Minister will enable them to take the project “to the next level”, given the “encouragement” they received from the Government.
NIB '52% of way' to $200m income target
The National Insurance Board’s (NIB) $104 million in collected contribution income at end-June has put it slightly ahead of schedule, or more than 50 per cent of the way, towards its $200 million full-year target at 2012’s mid-point.
Fresh Market takes top design award
The Solomon’s Fresh Market store at the Old Fort Bay Town Centre has won the Annual Star Building System Award for Best Building in the south-east US region.
We cannot plan for 1,500 business failures
By Ian Ferguson
Minister pledges 'value for money' On Gov't housing
A Cabinet minister has pledged to deliver “better value for money” from the Government’s housing programme, and acknowledged that “it cannot all” be financed through the cash-strapped Bahamas Mortgage Corporation (BMC).
Month’s end closing for John S George
One of the Bahamas’ best-known and historic retail names is ceasing business at month’s end with the loss of “under 15 jobs”, its owner yesterday telling Tribune Business he had been unable to “make inroads” into the annual $1 million losses it was suffering when he took over.
20% poverty gap reduction target
A comprehensive overhaul of the Bahamian social security system could cut poverty rates by 5 per cent, and slash the poverty gap by 20 per cent, an Inter-American Development Bank (IDB) report has forecast.
Gov’t warned: ‘Back off’ over labour reforms
Bahamian employers remain “furious” about the nature and timing of the proposed Employment Act changes, one well-known businessman yesterday saying the reforms would introduce “outrageous inflexibility” and turn this nation into another France.
Fishermen optimistic on 5m pounds crawfish goal
The Bahamas Commercial Fishers Alliance (BCFA) president yesterday said he was optimistic that the customary target of five million pounds of crawfish would be hit this season, telling Tribune Business there was no trickle down effect for Bahamian fishermen as exporters were securing the lion’s share of revenues.
How the tough can get going
A start-up is a new enterprise going through the early phases of development. We all hope ours will be characterised by rapid growth and venture capitalists kicking down the door.
