Bahamas 'will never hit' renewable energy target
The Bahamas “is never going to make” the National Energy Policy’s (NEP) goals, providers warned yesterday, with nine megawatts (MW) of renewable capacity required every year to hit target.Philip Holdom, Alternative Power Supply’s (APS) president, tol
IMAX Superplex eyes 'best launched theatre'
The Fusion Superplex’s developer is targeting a late November “soft opening” for the IMAX cinema-centred entertainment destination, telling Tribune Business over 400 jobs will be created.Carlos Foulkes, the Atavus Group’s chief executive, said more t
Landfill winner won't 'roll out' like Renew
A Cabinet minister yesterday expressed confidence that there will be no repeat of the “packing up and rolling out” experienced with the New Providence landfill’s last private manager.Romauld Ferreira, minister of the environment and housing, said the
BACO PRESIDENT TO ADDRESS CONFERENCE
A Bahamian financial services provider has met with the Securities Commission to discuss the enhanced qualification requirements for industry participants.The NASTAC Group, the financial services training provider headed by Reece Chipman, the Centrev
Mortgage market 'in very bad shape'
THE Bahamian Contractors Association’s (BCA) president yesterday said the “very low” number of qualifiers for the government’s low-cost serviced lot initiative was likely “not a true indicator” of the market.Leonard Sands argued that there would be a
Small Business Centre names Board chairman
Accountant Geoffrey Andrews has been named as board chairman for the tripartite venture intended to transform small and micro business development in The Bahamas.Mr Andrews will be joined on the Small Business Development Centre’s (SBDC) board by dep
Tie digital B$ value to natural resources
As the Central Bank moves toward creating a digital currency, one local businessman has suggested it could be backed with The Bahamas’ natural resources to further increase its value.Wayne Johnson told Tribune Business: “Taking the Bahamian dollar di
Lucayan - we’ll hit a home run
The $65m Grand Lucayan deal "is not a cataclysmic event" for the Government's finances, a Cabinet minister argued yesterday, insisting: "We think we've hit a home run."
Bahamas just 17% ready for disasters
The Bahamas is just 17 percent prepared to cope with major disasters, an Inter-American Development Bank (IDB) report highlighting its “low progress” despite exposure to hurricanes.The multilateral lender, using its iGOPP governance and public policy
Aliv: We're gaining what BTC's losing
Aliv’s top executive yesterday said it has seized one-third of the Bahamian mobile market by gaining the business its rival is losing, as it switches focus to its “innovation agenda”.Damian Blackburn told Tribune Business that the mobile upstart curr
Govt planning quarterly fiscal reporting move
The Government will move to quarterly budget reporting before year-end to match the Fiscal Responsibility Bill’s “ethos” and better inform Bahamians about the fate “of their tax dollars”.Marlon Johnson, the Ministry of Finance’s acting financial secr
Poultry producer's 40% sales decline the 'worst in years'
AN Abaco-based poultry producer said yesterday that August could be its “worst month in years” with sales down 40 percent compared to July’s figures.Lance Pinder, Abaco Big Bird Poultry Farm’s operations manager, told Tribune Business that while Augu
Retailers aim to match US prices 'as close as possible'
BAHAMIAN retailers are aiming to get “as close to US prices as possible” to encourage more local consumer spending and benefit the economy “tremendously”.Tara Morley-Nolan, the Bahamas Federation of Retailers (BFR) co-chair, told Tribune Business yes
Minister clarifies $2.5m aragonite fee estimate
A Cabinet minister yesterday clarified that the Government could earn $2.5m annually from a single aragonite mining licence, with that figure not representative of its true value to The Bahamas.Romauld Ferreira, minister of the environment and housin
D'Aguilar backs web shops on 'woefully unfair anomaly'
A Cabinet minister yesterday slammed Bet Vegas’s continued operation as “woefully unfair” to rival licensed web shops because it was creating “an anomaly in the market”.Dionisio D’Aguilar, who has ministerial responsibility for gaming, told Tribune
