Water Corp: Two-thirds of its debt ‘delinquent’
More than two-thirds of the Water & Sewerage Corporation’s $12.7m debt to its main BISX-listed supplier was “delinquent” at mid-year despite this sum being cut by $5m since 2018 year-end.
BTC voluntary separation roll-out 'in coming days'
The Bahamas Telecommunications Company’s (BTC) chief executive has confirmed it will roll-out its latest employee voluntary separation programme (VSEP) “in the coming days”.Garfield “Garry” Sinclair, in a statement, said: “BTC reaffirms our commitmen
Govt listing to take BISX close to $9bn
The total market value of all securities listed on the Bahamas International Securities Exchange (BISX) will be just short of $9bn once the government completes the listing of its debt. The stock exchange’s 2019 first half report, released yesterday
Key Morton Salt issues 'remain outstanding'
The lead negotiator for Morton Salt’s line staff union says that despite “some movement” in talks between the two sides the key issues of salary increases and medical insurance remain unresolved.Obie Ferguson, who is also the Trades Union Congress (
Long-serving tourism executive is rewarded
A Ministry of Tourism executive has won the Apex Award presented annually by Black Meetings and Tourism Magazine.Linville Johnson, who is responsible for the Ministry’s multi-cultural market development, joins previous winners such as tourism ministe
Baha Mar receivers ‘secretly gave Sarkis’ papers to Chinese’
Sarkis Izmirlian has accused Baha Mar’s former receivers of violating a Bahamian Supreme Court Order by passing confidential legal documents to the project’s main contractor.
URCA investigates ‘tightrope walking’ BPL over outages
Regulators have initiated an investigation into load shedding at Bahamas Power & Light (BPL), which admitted yesterday it is “walking a tightrope” every day to keep the power on.
Minister: Jobs rise 'more meaningful' than under PLP
A Cabinet minister yesterday hailed the ten-year low in the national unemployment rate as “more meaningful” jobs growth than that achieved by the former administration’s “failed policies”.
Tourism minister: BPL blackouts 'embarrassing'
The minister of tourism yesterday admitted that the frequent power outages are “very embarrassing” for the industry, and said: “Relief can’t come soon enough.”Dionisio D’Aguilar told Tribune Business that the government is “striving every day” to fix
Chamber chief urges income inequity focus
The Chamber of Commerce’s chief executive yesterday said that despite the “encouraging” 1.2 percentage point decline in the national jobless rate, income inequality and unemployment among men must be addressed.Jeffrey Beckles told Tribune Business:
Straw workshop attendees praised as 'quick learners'
Twenty-two Bahamian women created an array of straw products during a recently-completed workshop facilitated by the Bahamas Agricultural and Industrial Corporation (BAIC). The participants in the Straw Craft Workshop Stage II produced handbags, bea
Palm Cay marina wins fifth successive award
Palm Cay Marina, located on New Providence’s southeastern coast, has sailed away with the coveted title of boaters’ favourite marina in The Bahamas for the fifth consecutive year.Demaro Demeritte, the marina dockmaster, revealed the latest win after
Business slams 500% Customs burden rise
The government yesterday promised that Customs’ new system will “smooth out” after furious Abaco businesses blasted a “400-500 percent” increase in the goods clearance workload. Ken Hutton, the Abaco Chamber of Commerce’s president, estimated this
Customs warns: No 'short cuts' on new system
The Customs Department yesterday apologised to Abaco’s private sector for difficulties caused by its new system, but warned that previous “short cuts” are now no longer possible. In a statement to Tribune Business responding to concerns raised by th
PM urged: ‘Take a knife and slice red tape apart’
The prime minister was yesterday warned he must urgently “take a knife and slice through the red tape” otherwise investors will “simply say goodbye” to The Bahamas.
