$250m transformation from 'break even' port
A Cabinet minister yesterday described Nassau’s cruise port as a “break even operation” as Parliament debated legislation to facilitate its $250m transformation.Renward Wells, minister for transport and local government, said the Harbour Dues Amendme
BTC expands GB restoration teams
The Bahamas Telecommunications Company (BTC) yesterday said it has expanded its Grand Bahama recovery team as it seeks to fully restore communications services to the island. Besides restoring landline, internet, TV and mobile services, BTC added th
NIB staff seek court order for strike poll
National Insurance Board (NIB) employees will today seek a Supreme Court ruling that the minister of labour acted illegally when he cancelled their strike poll last week. Obie Ferguson, attorney for the Union of Public Officers which represents NIB
NIB moves to combat contribution backlog
The National Insurance Board (NIB) yesterday unveiled a new digital upgrade aimed at eliminating bottlenecks such as the recent 266,000-strong contribution backlog. The social security system announced the launch of the Employer’s Self-Service (ESS)
Bahamas promoted at Florida art show
The Bahamas this weekend used an annual art show in Fort Lauderdale to continued to market itself as open for business post-Dorian. Hosted by Howard Alan Events, the show took place from October 19-20 on Las Olas Boulevard with hundreds of exhibitor
'Negligent' BOB defeats ex-minister's $6m default
Bank of The Bahamas has defeated an ex-Cabinet minister’s bid to enforce a $6m default judgment against it despite being branded “careless and negligent” in its approach to the case. Stephana Saunders, the Supreme Court’s deputy registrar, found tha
Marina operator fears over boating fee hikes
Bahamian marina operators yesterday warned that proposed boating fee hikes will “definitely put people off” despite the government cutting some levies by up to 60 percent.Peter Maury, the Association Of Bahamas Marinas’ (ABM) president, told Tribune
Operators unite against URCA's 3-year phase-in
Cable Bahamas and the Bahamas Telecommunications Company (BTC) have united in opposition to regulators’ proposals to gradually lower call termination rates over a three-year period. The giant communications rivals, together with the former’s Aliv mo
'I don't know how much more of this I can handle'
A governance reformer yesterday argued “nothing has changed” to improve The Bahamas’ stagnant ease of doing business ranking, as he revealed: “I don’t know how much more I can take.”Robert Myers, a principal with the Organisation for Responsible Gove
Sarkis receiver claims 'wrong, misconceived'
Sarkis Izmirlian’s accusations that Baha Mar’s former receivers breached a Supreme Court order by passing material to the project’s contractor have been blasted as “misconceived and wrong”. Brian Simms QC, senior partner at Lennox Paton, told the or
Renewable adoption hit by 'out of sync' approvals
A renewable energy provider yesterday said an eight month to four-year approvals process featuring “out of sync” government agencies is the greatest obstacle to the technology’s adoption. Philip Holdom, president of Alternative Power Supply (APS), s
AG named CFATF deputy chairman
Carl Bethel QC, the attorney general and minister of legal affairs, has been named deputy chair of the Caribbean Financial Action Task Force (CFATF). A CFATF ministers’ meeting was held in Miami at the end of August 2019 during which Mr B
Boost productivity to end business ease stagnation
The Bahamas must match increased business costs with “productivity and efficiency” improvements to reverse its ‘ease of doing business’ stagnation, the private sector urged yesterday.Christel Sands-Feaste, chair of the Chamber of Commerce’s (BCCEC) ‘
Digital printer gains $215,000 from RBC
A digital printing company has obtained $215,000 in loans from the Royal Bank of Canada (RBC) through the Small Business Development Centre (SBDC). Juluis Tinker started Kevco Printing, a large format digital printing company, as an auxiliary market
Development Bank to expand services
The Bahamas Development Bank is aiming to expand its products and services using existing powers provided under its founding Act, its managing director says. Dave Smith pledged that the institution is seeking to to incubate emerging or struggling in
