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
World bank drops Bahamas 'ease of doing business' ranking
AS THE World Bank has dropped The Bahamas a spot in its ease of doing business rankings, Deputy Prime Minister K Peter Turnquest has called its assessment a “misunderstanding”.The Bahamas has dropped one notch in the ease of doing business rankings -
Top realtor: 'Not enough affordable housing'
A top realtor has expressed concern over the high cost of homes in The Bahamas - and a shortage of affordable housing, saying: "The cost of owning the Bahamian dream of having your own home is far outpacing the majority of Bahamians because in today's economy affordable housing just doesn't exist."
Cooper calls for 'czar' to handle business reform
Progressive Liberal Party deputy leader, Chester Cooper, has called for a “czar” to spearhead the government’s attempts to improve the ease of doing business in The Bahamas.At the same time Mr Cooper also said government funding to help small and med
IDB to host digitisation workshop for govt project
THE Inter-American Development Bank (IDB) will be hosting a kick-off workshop for the government’s new digitisation project unit next month. Minister of State for Grand Bahama Kwasi Thompson said the workshop will be held November 11-15. The project
Straw Market Authority 'heartless' for stall closures
“HEARTLESS and unjust” is what the Straw Business Persons Society is calling the “arbitrary” October 14 holiday closure of more than 190 stalls by the Straw Market Authority (SMA).In an open letter sent to Prime Minister Dr Hubert Minnis and Deputy P
Central Bank governor: 'The system needs time to recover'
CENTRAL Bank governor John Rolle said yesterday that banks should have comfortable amounts of capital to absorb losses from Abaco and Grand Bahama storm damage - but only “may” be able to withstand losses if a comparable storm was to hit New Providen
Baha Mar to host regional tourism event
Baha Mar is to a host major regional tourism event in January in conjunction with the Caribbean Hotel and Tourism Association (CHTA).
