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By NATARIO McKENZIE
THE $10 million allocated by the government towards its Mortgage Relief Plan is ‘an absolute drop in the bucket’, considering the current value of at-risk mortgages according to former Bahamas Mortgage Corporation Chairman Dr Duane Sands who claimed the plan amounted to ‘tokenism’.
PROPOSED Employment Act reforms are the greatest concern to the sector according to Bahamas Contractors Association (BCA) president Godfrey Forbes who told Tribune Business that reforms could impact labour costs by as much as 30-35 per cent.
COLINA Holdings Bahamas Limited (CHBL) has posted strong half-year financial results with a total net income of $6.9 million.
A change in policy is necessary to facilitate the Bahamas’ progression towards renewable energy according to the head of a leading renewable energy firm.
By Simon Cooper WATER can be a power for good, provided it doesn’t turn into a tsunami.
THE government has committed roughly $10 million to its mortgage relief plan according to Minister of State for Finance Michael Halkitis.
MINISTER of Environment and Housing Kenred Dorsett said yesterday that the government will ‘aggressively’ pursue a waste-to-energy solution in the short term to manage the New Providence landfill on Tonique Williams-Darling Highway and produce electricity at a lower cost.
RUBIS intends to begin rolling-out its re-branding programme by the third quarter of next year, a company executive telling Tribune Business that the company had seen its volumes double as a result of its fuel price reduction offering.
THE government’s proposed Borrowers’ Protection Bill is intended to protect borrowers from issues like arbitrary fee increases and ensure a code of conduct for lenders according to State Minister for Finance Michael Halkitis.
“While we are seriously considering accomplishing our goals, let’s do so with a positive end in mind” Oh my gosh, we won the gold…..
THE developer behind a major pig farm project in Grand Bahama says it is being held up by bureaucratic licensing and registration.
About 15 years ago I was the Chief Financial Officer of a major Bahamian retailer and wholesaler business.
THE aviation sector offers substantial opportunities for economic diversification according to a leading aviation legal expert who told Tribune Business, ‘we just need to be creative in our thinking’.
LOW freight rates over the last five years have not made this market an attractive place for new carriers according to Arawak Port Development Company (APD) chief executive Michael Maura who said that the throughput volume increases expected from the Baha Mar project should entice some new carriers.
BUSINESS owners in Prince Charles Drive have got together to get the government’s assistance in providing some form of compensation for their losses as a result of the New Providence Road Improvement Project.
NEWLY appointed Utilities Regulation and Competition Authority Chairman Randol Dorsett has emphasised the importance of addressing consumer needs and interests.
SKY Bahamas CEO Randy Butler said that his company’s third party maintenance hangar could generate $12-$17 million in the long term, telling Tribune Business that the facility would be ‘like none other’.
BORDER control remains a major concern for customs according to its Comptroller Charles Turner who said that a large portion of the $16.5 million Inter-American Development Bank (IDB) loan would be used to train customs officers for WTO accession.
THE Nassau Container Port (NCP) could see an additional 200 units per week as a result of the Baha Mar project according to Arawak Port Development (APD) CEO Michael Maura who told Tribune Business that container throughput volumes were expected to ‘take off’ in October.
THE Arawak Port Development Company (APD) said yesterday that approximately $17 million has been invested in the in-land break-bulk facility at Gladstone Road.
SKY Bahamas CEO Randy Butler said yesterday that the carrier was looking to expand its domestic service to Long Island beginning as early as November, telling Tribune Business that it was also looking to resume its San Salvador service.
BISX-listed Consolidated Water said that it expects to ‘very soon’ close the deal for a 50/50 joint venture 25-year water exclusivity franchise for western New Providence, its President and Chief Operating Officer saying that the company had anticipated closing the transaction on or by June 30.
BAHAMIAN contractors are losing out to foreign contractors particularly in the second home construction sector according to Bahamian Contractors Association (BCA) president Godfrey Forbes who said ‘that should never be the case.’
THE government’s temporary ban on permits for non-Bahamian fishermen does not provide sufficient comfort to local fishermen according to Bahamas Fishers Alliance president Adrian Laroda who told Tribune Business that arresting non-Bahamian fishermen at sea would be a ‘definite deterrent.’