BTC eyes 2019 'bottom' after 12,400 client loss
The Bahamas Telecommunications Company’s (BTC) owner yesterday said its mobile subscriber loss “will bottom out in 2019” after another 12,400 customers exited in this year’s third quarter.Balan Nair, Liberty Latin America’s (LiLAC) chief executive, t
Water supply alert on govts $16.1m debt
Nassau’s main water provider yesterday sounded an alert over potential supply disruptions if the Government does not pay a $16.1m debt that has increased by 76.9 percent this year. Consolidated Water, the BISX-listed entity that produces virtually al
Developer: 'Useless' BISX needs new life
A prominent developer and real estate financier yesterday called for the Bahamas International Securities Exchange (BISX) to be “overhauled”, arguing: “It needs new life”.David Kosoy, pictured, Sterling Global Financial’s chairman, who was a panellis
'How could I compete' against 7 cents power?
A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan
Central Bank to ban 'anonymous' crypto assets
The Central Bank is proposing to ban its licensees from dealing with “anonymous” crypto currency assets, with 84 percent of local institutions saying they have no desire to enter this space.The regulator, unveiling a “discussion paper” on proposals f
Online bookings solution processes $3.7m in 2018
An online bookings solution provider has announced the full launch of its services after processing almost $3.7m in direct excursions this year alone.RezBS, which is targeting the Caribbean tour companies market, said it aims to empower local busines
PM admits more progress required on business ease
The Prime Minister yesterday admitted The Bahamas needs to make faster and greater progress in improving its “ease of doing business”, reiterating that new measures will be adopted in 2019.Delivering the keynote address at the Securities Commission’s
CIBC Trust nominee takes 'major' award
One of two CIBC Trust Company (Bahamas) nominees took away a top award from the recent annual financial services industry Excellence Awards.Norma T Major, director of operations for finance and client accounting, won Mentor of the Year, while Taryn T
'Rife with fraud': Developer sounds crowdfunding alarm
A prominent real estate financier yesterday warned against crowdfunding as a means to finance Bahamian entrepreneurs because it could be “rife with fraud”.David Kosoy, Sterling Global Financial’s chairman, while addressing capital raising challenges
IAN FERGUSON: Keeping pace with employer demands
We spend a substantial part of our adult life at work. With companies demanding more from their employees in less time, trying to meet all your deadlines may seem really stressful. Keeping pace in a fast-moving economy and world is the desire of emp
BTC targets hospitality sector with new offering
THE Bahamas Telecommunications Company (BTC) has launched a “hospitality suite of services” aimed at modernising the tourism industry and “going beyond” guest expectations.Andre Knowles, director of BTC Business, speaking on the sidelines of yesterda
'Defending the 400,000' on $4.6m union excess
The Grand Lucayan’s chairman yesterday said he is defending “the interests of 400,000 Bahamas residents” over staff payout demands that exceed the resort’s offer by $4.6m.Michael Scott told Tribune Business that neither of the two unions representing
Hospitals body 'unaware' how many suppliers it had
The Public Hospitals Authority (PHA) has pledged to address deficiencies that left it “unaware” of how many supplier contracts it had in its $53.327m annual procurement budget.The Auditor General’s Office, which conducted a two-year probe of the PHA’
QC to ‘put the lie’ to Bahamas ease ranking
A well-known QC yesterday said he aims “to put the lie to the World Bank’s indictment” of The Bahamas’ ease of doing business, with the Government targeting a “15 percent” rankings jump.
BPL slams 70% energy hike as 'false ramblings'
BAHAMAS Power and Light (BPL) and its chairman yesterday slammed claims that electricity rates will increase by 70 per cent as “irresponsible” and “false ramblings”.Dr Donavon Moxey, pictured, slammed such suggestions as “actually false”, and added:
