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HAVE you ever walked out of a Mall and completely forgotten where you parked? Walked into a store and not remembered what you went there to buy? Or walked into a room and forgot why you were there?
Wall Street yesterday said it wants the Government to come up with “more of a complete package” rather than just a 10 per cent spending cut designed to contain immediate fiscal “pressures”.
The Bahamas Chamber of Commerce’s (BCCEC) chief executive yesterday said it would be “a stretch” for this country to generate even 2-2.5 per cent economic growth for 2013, although he expressed hope that last year’s 5.5 per cent decline in commercial loan arrears was a “sign of things to come”.
Cable Bahamas and the Bahamas Telecommunications Company (BTC) are both urging regulators to push the Government to release its revised industry policy, noting that it is already four months late and causing increased uncertainty for sector players/investors.
The International Monetary Fund (IMF) last night said there were “no immediate threats” to the stability of the Bahamas’ financial services industry, while describing the Government’s fiscal position as “the key policy priority”.
A UK-based investor yesterday said it had invested another $1.099 million into a Grand Bahama-based company to help finance its Freeport-based oil hydrocarbon recovery plant.
The Inter-American Development Bank (IDB) has approved a $150,000 project that will see Transfer Solutions Providers (TSP), the Mango card provider, develop a method for assessing the creditworthiness of so-called ‘unbanked’ clients.
THE Grand Lucayan is reporting a year-overyear increase in conference room nights booked, highlighted by a recent 4,000 room night event.
THE FREE National Movement’s (FNM) chairman yesterday blasted Cable Bahamas (CBL) as being “wantonly arrogant” in its response to rejection of its monthly SuperBasic TV rate increase proposal, telling Tribune Business the company had not been sensitive to quality of service concerns raised by consumers.
Democratic National Alliance (DNA) leader Branville McCartney has been selected as one of two Bahamian attorneys to address an international meeting of lawyers and judges, when the National Bar Association (NBA) holds its mid-winter conference in Nassau this week.
“Listen to me, son, we don’t need all of this marketing stuff.” I was told this recently by a client who I had done an online university for.
HOTEL union officials yesterday said they were still instructing laid-off Wyndham employees not to accept separation packages, adding that they were hoping for further word from Prime Minister Perry Christie on the matter.
A bidding war has erupted for downtown Nassau’s British Colonial Hilton resort, with at least two rival groups - one said to have Bahamian involvement - emerging to challenge the $74 million offer submitted by a multi-billion New York asset manager.
The Utilities Regulation & Competition Authority (URCA) has “categorically denied” that it ordered Cable Bahamas to ‘digitise’ its network and require consumer to purchase Set Top Boxes (STBs), disclosing that the company could have selected a “more cost effective” solution.
Cable Bahamas yesterday blasted regulators for engaging “in a frolic”, a senior executive accusing them of operating “inside, outside and above the law” over a decision that will cost the company “millions and millions of dollars”.
A former Governor General says her experience with Cable Bahamas after it disconnected her TV service enabled her to “buy into [the] denunciation” of Bahamian utility services, adding that this nation was falling “so short” of its ‘full Bahamianisation’ ideal.
The Bahamas needs to achieve consistent record economic growth of between 5-7 per cent over a five-six year period to absorb both its existing 30,000 unemployed workers, and school leavers, into the workforce.
Canada’s newly-appointed Bahamas High Commissioner has “requested” that the Christie administration provide him with a report on the controversial Oceania Heights dispute, it has been disclosed.
Veteran Bahamian realtor, Larry Roberts, captured the NAI Global President’s Award at the organisation’s recent Commercial Real Estate Conference.
THE Utilities Regulation & Competition Authority (URCA) plans to introduce quality service standards for the communications industry this year, in a bid to tackle network availability and dropped calls.
Research has indicated that a healthy work space and attractive office environment adds value to the atmosphere that is created for employees, customers and the public at large.
Bahamian commercial banks have recommended that the Government increase the $22,500 ‘Gap’ amount in a bid to have more struggling homeowners qualify for its Mortgage Relief Plan, Tribune Business can reveal.
THE Wyndham Nassau Resort’s staff per available room ratio still exceeds the industry average by 30 basis points even after last week’s lay-offs, which cut the workforce by 27 per cent.
A psychologist dubbed Germany’s ‘mini-Bernard Madoff’ and a co-conspirator have been accused by the US government of using Bahamas-domiciled hedge funds to defraud some of the world’s top banks out of $219 million.
The Bahamas Oil Refining Company (BORCO) saw a 29 per cent year-over-year increase in the number of ships berthing at its facilities during the 2012 fourth quarter, with its “unparalleled capabilities” ensuring 97 per cent of storage tanks were fully leased.