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BTC TARGETS 30-40 STORES BY END-2012
By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) is aiming to expand its retail network to between 30-40 stores at 2012 year-end, an executive yesterday telling Tribune Business it hoped to have a national 4G network
Road project borrowing to strike $206m
Road project borrowing to strike $206m By NEIL HARTNELL Tribune Business Editor Both the Government and Opposition PLP yesterday effectively attempted to blame the other for the poor management and huge cost overruns impacting the controversial New Prov
Nassau world’s 5th most expensive city for hotel vacations
Nassau’s was yesterday ranked as the fifth most expensive city in the world for hotel accommodation, a finding that will further raise concern that this nation is slowly pricing itself out of the global tourism market.
MSC cruise port: No lease agreement yet
No agreement has yet been reached to transfer the lease of Ocean Cay to Mediterranean Shipping Company (MSC) for its private cruise port, with the current holder saying of the project: "It won't be done overnight."
Services Coalition ‘irony’ over WTO
Lack of private sector involvement has been a key factor in why the Bahamas’ bid for full World Trade Organisation (WTO) membership has lasted 15 years and counting, a former Securities Commission principal believes.
CCA: We’ll ‘be laughed at by world’ if Baha Mar not open
Top executives at Baha Mar’s main contractor voiced fears they would “be laughed at by the world” if the mega resort’s target 2015 opening was missed while admitting to multiple “shortcomings and deficiencies” in its construction.
Bank warns on provisions rise
By NEIL HARTNELL Tribune Business Editor Bank of the Bahamas International has warned investors it may have to increase loan loss provisions further during its financial year's second half, its managing director telling Tribune Business it was "grappling
GB Power minimises $4.7m recovery effect
GB Power minimises $4.7m recovery effect By NEIL HARTNELL Tribune Business Editor The Grand Bahama Power Company (GBPC) has received regulatory approval to minimise the consumer impact of recovering a $4.7 million impairment charge by spreading it out o
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
Bank warns on provisions rise
By NEIL HARTNELL Tribune Business Editor Bank of the Bahamas International has warned investors it may have to increase loan loss provisions further during its financial year's second half, its managing director telling Tribune Business it was "grappling
Bahamas can’t afford ‘another five years’ of secretive governance
The Bahamas cannot afford “another five-year cycle” of unaccountable government spending, a governance reformer warned yesterday, arguing that a Fiscal Responsibility Act should have “preceded” Value-Added Tax (VAT).
Governor to ‘bridge gap’ between banks, web shops
The Central Bank’s governor has reaffirmed his commitment to “bridge the gap” between the commercial banking industry and web shop operators, and help ease his licensees’ compliance concerns.
Sixty-day termination notice ‘recipe for woe’
The National Tripartite Council’s co-chairman has branded the proposed ‘60-day advance notice’ that employers must give of impending redundancies as “a recipe for putting your business in trouble”.
12 union-saving law creates a ‘win-win’
The Government’s recent 12 union-saving legislation helped produce what one labour executive yesterday described as a “win-win” in the Court of Appeal, with a Harbour Island resort and its opposition both achieving their main objectives.
TUC chief: ‘jury still out’ on union-saving legislation
A trade union leader said yesterday that “the jury is still out” on whether the Government’s recent union-saving had truly “cured the mischief”, as one attorney confirmed he had filed for a Judicial Review over the issue.
INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'
By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w
INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'
By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w
INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'
By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w
INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'
By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w
'GET YOUR POUND OF FLESH IN THE CORRECT ABATTOIR'
By NEIL HARTNELL Tribune Business Editor A leading QC told homeowners embroiled in an ongoing battle with the developers of their $52 million project to "seek their pound of flesh in the appropriate abattoir", rather than trouble Prime Minister Hubert In
