Contractors chief brands Pointe labour 'ridiculous'
The Bahamian Contractors Association’s (BCA) president yesterday branded local participation at the $200 million Pointe project as “ridiculous”, and demanded proof the developer was abiding by its Heads of Agreement. Leonard Sands also told Tribune
CCA attorneys slam Sarkis's 'bailout salvo'
Attorneys for Baha Mar’s main contractor have accused Sarkis Izmirlian of trying to besmirch its reputation by claiming it received “a bailout” to complete the $4.2 billion project.China Construction America’s (CCA) attorneys, in March 22 legal argum
Canadian bank's work permit bid rejected
THE Director of Labour yesterday said work permit applications from a Canadian-owned commercial bank had been rejected as it “aggressively” ensures foreigners do not fill posts where there are qualified Bahamians available.Robert Farquharson said 8,5
Major trading company eyes the Bahamas for HQ
THE Attorney General yesterday touted the success of the recently-passed Commercial Enterprises Bill, with several applications for “high-tech” projects approved already.Carl Bethel QC, addressing the mid-year Budget debate in the Senate, said: “I am
Tourism targets Latin American expansion
THE Ministry of Tourism has brought Latin America to the Bahamas through a recent familiarisation trip for journalists.Media personalities from Colombia, Peru and Panama visited Nassau and Paradise Island to receive a taste of Bahamian culture, as th
'No way' Nassau Flight Services buyer foreign
The Government was yesterday “adamant” that Nassau Flight Services (NFS) will be privatised by selling it to a 100 per cent Bahamian group not previously involved “in the big deals”.Dionisio D’Aguilar, minister of tourism, told Tribune Business there
WTO to 'move the needle' on business ease
THE Bahamas’ chief negotiator says joining the WTO can help solve this nation’s ‘ease of doing business’ woes, arguing: “We must move the needle on new industries.”Raymond Winder told Tribune Business that becoming a full member of the rules-based tr
Franchise operators slam 'fast food tax'
BAHAMIAN operators have slammed the idea of a ‘fast food’ tax as an “unnecessary financial burden” on Bahamian families that will do nothing to curb the obesity crisis. Terry Tsavoussis, vice-president of Aetos Holdings, which operates the Wendy’s, M
BTC approves 100 voluntary departures
THE Bahamas Telecommunications Company (BTC) has approved just under 100 employee voluntary separation packages (VSEP), with a union chief suggesting it is due for a post-2011 privatisation ‘report card’. Bernard Evans, the Bahamas Communications and
BTC breaches 'no trivial' issue
REGULATORS have fined the Bahamas Telecommunications Company (BTC) almost $31,000 for violating pricing and consumer protection rules, rejecting its claim that the breaches were “trivial”.The Utilities Regulation and Competition Authority (URCA), in
Aliv near 'end game' over network roll-out
ALIV says it is “close to the end game” on its network roll-out, its top executive expressing confidence the full build-out will be completed within the two-year target.Damian Blackburn told Tribune Business that 93.5 per cent of the mobile provider’
Bahamas First holds governance seminar
BAHAMAS First Holdings (BFH) recently hosted a training seminar for company directors on sound corporate governance principles, as part of its ‘knowledge transfer’ programme.The event was facilitated by the Institute of Directors (IOD), a UK-based tr
Hurricane Hole to be $250m 'PI downtown'
Hurricane Hole will become “the downtown of Paradise Island” via its $250 million transformation, its principal developer yesterday revealing 50 per cent of retail space is already pre-leased.David Kosoy, Sterling Global Financial’s chairman, told Tr
Fishermen: We're just scratching surface on our exports potential
FISHERMEN yesterday backed a Cabinet Minister’s goal of doubling Bahamian fisheries exports to near-$200 million, telling Tribune Business: “We don’t fish our ocean, only our banks.”Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice
Fund 'a victim of its own success' with 35% growth
RoyalFidelity’s Prime Income Fund was yesterday said to have become “a victim of its own success” after enjoying 35 per cent growth over the past year.Joseph Euteneuer, the investment bank’s mutual fund manager, told Tribune Business it was increasin
