‘Caribbean’s lowest’ from BPL Shell deal
A Cabinet Minister yesterday pledged the Bahamas will have “the most competitive energy prices in the region” through selecting Shell as Bahamas Power & Light’s (BPL) generation partner.
Arawak Port to 'ramp up' LNG bunkering plan
THE Nassau Container Port’s (NCP) operator and its partners yesterday pledged to “ramp up” their Liquefied Natural Gas (LNG) bunkering project, arguing: “The Bahamas must win the race.”Michael Maura, chief executive for BISX-listed Arawak Port Develo
BAIC wage bill 142% of income
BAIC’s wage bill increased by more than $600,000 over a two-year period to the point where it was equivalent to 141.5 per cent of the Corporation’s total operating revenue.
CIBC 'disagrees' with fines by the Bahamas
CIBC FIrstCaribbean has expressed its displeasure at fines imposed by Bahamian regulators in documents for its planned $240 million initial public offering (IPO) in New York.The bank, in a section of the IPO document detailing regulatory risks, said
Aliv's top promoter departs company
ALIV yesterday announced its chief promoter has stepped down to be replaced by Bahamian talent as its leadership structure further evolves.Johnny Ingle, who has led the mobile start-up’s marketing efforts in his role as chief Aliv champion from incep
Bar's real estate chief backs land reform '100%'
THE Minnis administration’s recognition of the “urgent” need for land reform received “100 per cent support” yesterday from the head of the Bar Association’s real estate committee.Adrian White, head of the Bahamas Bar Association’s real estate commit
Seafood restaurant is Baha Mar's 24th
THE 3 Tides Fish House at the Grand Hyatt in Baha Mar attracted more than 100 guests to its grand opening on April 5.The 220-seat restaurant is the 24th to open at the $4.2 billion project. Brent Martin, executive chef at the Grand Hyatt, said: “I th
Gov't warned against land reform overreach
ARAWAK Homes president yesterday warned the Government not to ‘bite off more than it can chew’ while supporting its renewed drive for land reform.Franon Wilson told Tribune Business that “no company understands the need for land reform more than us”,
Tech hub goal will take years
Deficiencies ranging from energy costs to ‘business ease’ and data protection must be remedied if a Cabinet Minister is to achieve his dream of attracting 500 ‘high tech’ firms to the Bahamas.The Grand Bahama Technology Hub Steering Committee, in a c
WTO set to drag Bahamas 'from 19th to 21st century'
FULL WTO membership will “drag the Bahamas from the 19th century to the 21st”, a well-known attorney yesterday urging: “We must make it work for us.”Carey Leonard, the former Grand Bahama Port Authority (GBPA) in-house attorney, admitted to Tribune B
Corporate tax promise not 'concrete' for EU
THE Bahamas will be unable to satisfy the European Union’s (EU) demands by merely promising to implement corporate taxation, a prominent attorney has warned.Michael Paton, who co-heads the financial services industry working group assessing the Gover
Bahamas reliance on tourism accelerating
THE Bahamas will become ever-more reliant on tourism to the point where it generates almost 60 per cent of GDP within a decade, a global industry body has forecast.The World Travel and Tourism Council (WTTC), in its annual assessment of the sector’s
'Right pieces not easy' for the Grand Lucayan
A GOVERNMENT minister has admitted that “putting the right pieces together is not easy” as it bids to transform the Grand Lucayan and surrounding strip into a true tourist destination.Kwasi Thompson, minister of state for Grand Bahama, conceded that
British-Caribbean Chamber meets GBPA executives
Representatives of the British-Caribbean Chamber of Commerce (BCCC) have paid a visit to Grand Bahama Port Authority (GBPA) executives.The BCCC, which was inaugurated in 2001, has its head office in the UK and chapters in the Caribbean. It connects C
Construction firms 'cement' a merger
Two Bahamian construction companies have ‘cemented’ a partnership that has seen them merge as Bahamas Redi-Mix, with a plant at New Providence’s Airport Industrial Park.The combination of Nassau Ready Mixed and NP Building Supplies, one-time competit
