BTC's privatisation 'a colossal failure'
The Bahamas Telecommunications Company’s (BTC) privatisation “has been a colossal failure”, a union leader blasted yesterday, adding: “Aliv’s eating our lunch with ease.”Dino Rolle, the Bahamas Communications and Public Officers Union’s (BCPOU) presi
Flight Services comes alive with $200,000 deal
ALIV and Nassau Flight Services (NFS) yesterday announced a four-year partnership that will give the airport ground services provider upgraded communications services.Damian Blackburn, pictured, Aliv’s chief executive, said the agreement represented
'Stealth' corporate tax fear on licence fee regulations
The Ministry of Finance’s top official yesterday “categorically rejected” fears that the new business licence regulations are the first step towards implementing a corporate income tax regime.Marlon Johnson, the financial secretary, told Tribune Busi
Brewery 'eats' VAT increase on Kalik
Commonwealth Brewery has absorbed a “significant” cost by choosing to “eat” the 4.5 percentage point value-added tax (VAT) hike across its entire Kalik beer product line.Dennis Hanna, the BISX-listed brewer’s vice-president of corporate affairs, conf
BTC chief: Unproductive staff should be 'anxious'
THE Bahamas Telecommunications Company’s (BTC) chief executive has warned that unproductive staff should be “anxious” for their jobs as the company is “late” in adjusting to competition.Garfield “Garry” Sinclair told Tribune Business he wanted to pro
BISX-listed fund targets 40% profit boost from rental
The BISX-listed Bahamas Property Fund is predicting a 40 percent net profit boost from the $455,000 annual lease of office space that will have been empty for more than one year.Michael Anderson, the Property Fund’s administrator, told Tribune Busine
Insurance chief: Agent sector 'ripe for consolidation'
The Bahamian insurance agent/broker market is “ripe for consolidation”, Bahamas First’s chief believes, with its latest acquisitions set to boost its subsidiary’s performance by over ten percent.Patrick Ward, the property and casualty underwriter’s p
Summit to hold second edition at SuperClubs
Following its launch in 2017, Hubert Edwards Global will host its second annual Success Summit under the theme World Class success through Bold Leadership.“We dub our presenters Success Advocates, as that is what they will do on the day”, said Hubert
Tourism 'dismayed' by beauty queen dispute
The Ministry of Tourism has broken its silence to say it “is dismayed” by its protracted copyright battle with ex-beauty queen-turned songstress, Khiara Sherman, pictured, in the Texas court.Defending its position, the ministry said in a statement r
Chamber hires consultant for WTO impact analysis
THE Bahamas Chamber of Commerce has hired Oxford Economics to study the likely economic impact of this nation’s accession to full World Trade Organisation (WTO) membership.Darron Pickstock, who heads the Chamber’s trade and investment division, said:
Bahamas targets maritime growth with Hong Kong trip
The Deputy Prime Minister has led a government delegation to Hong Kong as it bids to grow its maritime business from major Asian shipping centres.KP Turnquest led a group that last week met with the Hong Kong Ship Owners Association, and other ship o
BISX's 20-year wait for govt debt ends
The Bahamian capital markets will take “a giant step forward” in mid-January 2019 when BISX’s 20-year wait to list and trade government debt finally ends.Keith Davies, pictured right, the Bahamas International Securities Exchange’s (BISX) chief execu
GB Power's $18m 'bold statement'
GB Power Company will invest more than $18m in renewable energy and smart technology over the next two years as part of a “bold statement” to improve reliability and lower energy costs.David McGregor, the utility’s president and chief operating offic
Technical problems cause 'disruption' in Fidelity branches
A BISX-listed commercial bank yesterday confirmed it was working to address “technical issues” that had caused “branch disruptions” for its client base.Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told Tribune Business: “We are experi
'Only way is up' over Bahamas business ease
A Cabinet minister says “the only way to look is up” when it comes to The Bahamas’ 118th ranking in the World Bank’s “ease of doing business” index.Kwasi Thompson, pictured, minister of state for Grand Bahama, told the island’s second Technology Summ
