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Cable Bahamas has warned that imposing price controls based on Bahamas Telecommunications Company (BTC) related benchmarks would slash its phone call termination revenues by 50 per cent, creating an “unjustified negative impact” on its finances.
The Hotel Corporation’s newly-announced business tie-up with the Bimini Bay Resort was yesterday slammed as “further interference by the Government in the private sector”.
CUSTOMS brokers expressed “shock and surprise” over several new fees which took effect yesterday, with one telling Tribune Business it would take several days to get up to speed with the Budget-related adjustments.
Clear Blue Maritime Agency has been working with the Grand Bahama Shipyard (GBS) for the past four years to provide more Bahamian men and women with work. A group of 15 new recruits recently hired by Clear Blue Maritime have been given the opportunity to train in various departments within the Shipyard.
A well-known realtor yesterday revealed he was shifting his business model from near-total reliance on the Bahamian market to one with a 40 per cent international share, as he urged the sector to “get off our butts”.
The Grand Bahama Port Authority (GBPA) has given its backing to the development of a comprehensive National Maritime Policy for the Bahamas.
Dear Editor, Please afford me a little space to respond to recent remarks by the present chairman regarding the interim plan that was left in place by the Board I chaired to expand BEC’s generation capacity.
The 2012 decline in Latin America’s high net worth statistics is “no cause for alarm” in the Bahamian financial services industry, with overall global growth presenting “more opportunities” for this nation.
Commonwealth Bank’s shareholders have voted unanimously to jumpstart its response to potential regulatory capital deficiencies almost 10 years ahead of time
ARAWAK Homes has seen a “phenomenal” response to its new home models line, its president telling Tribune Business that with five out of 16 lots already sold, the company was sifting through 300 applications for the remaining 11.
Environmentalists have warned that a Judicial Review challenge to the $5 million Blackbeard’s Cay project is “not off the table”, with the Government seemingly hesitating in giving the developers their Business Licence.
Caribbean Bottling Company (Bahamas) is poised to create 10 extra jobs as it goes ‘Full Throttle’ to launch a new energy drink and add three new flavours to its Minute Maid brand within the next six weeks.
FamGuard (Bahamas) is closing on the acquisition of a new headquarters for its Freeport operations, while also gearing up for the “imminent” launch of its ‘simplified issue’ life product.
A newcomer to the Bahamian general insurance industry is expecting to “write in excess of $2 million” worth of business during its first full year, describing the market as “heavily slanted” against consumers.
A Bahamian insurer has moved to ‘stay’ a Court of Appeal judgment that has major “ramifications” for the auto underwriting industry, with several accident victims already moving to reinstate old claims.
Brokers have told Tribune Business that Bahamas Customs’ system for the electronic submission of import documents, while not without its challenges, has increased efficiency by up to 30 per cent.
DESPITE what he described as a ‘flat’ 2013 second quarter, the Bahamas Hotel and Tourism Association’s (BHTA) president said the New Providence hotel industry had still seen good occupancies for the period and was working to hit “acceptable” levels for the third quarter.
Genting’s partnership with the Bimini Bay Resort’s developers appears to have created a revival opportunity for the Hotel Corporation, whose subsidiary will be operating the project’s transportation and water sports facilities.
Grand Bahama’s top graduating seniors received their Top Achievers scholarships from the Grand Bahama Port Authority (GBPA) as commencement exercises drew to a close.
The BAHAMAS Hotel and Tourism Association’s (BHTA) president, Stuart Bowe, told teachers participating in its 10th annual summer educators’s internship programme that the industry faced an “uncertain future” without serious commitments to education.
The majority shareholder of a BISX-listed company yesterday said it was “seriously concerned” that the value of its multi-million dollar investment is being steadily eroded, following a $2.607 million net loss for the year to end-September 2012.
Extending the Bahamas Telecommunications Company’s (BTC) cellular monopoly will “be harmful to the Bahamian economy and the Bahamian people”, a former Cabinet Minister warned yesterday.
The Bahamas has “risen from extinction” in captive insurance, a leading industry player said yesterday, with this nation’s growth rate over the past three years “exceeding any other jurisdiction”.
THE Bahamas Electricity Corporation (BEC) plans to pursue large corporate customers who have built-up multi-million dollar arrears, its executive chairman yesterday accusing the major roadworks contractor of owing $3 million.
Caribbean Bottling Company (Bahamas), the Coca-Cola producer, yesterday said it was close to sealing the purchase of a new base for its Freeport operations, and expects to invest $300,000 in upgrades to the property.