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BEC power station fire causes major outage
A "fire in the trenches" at the Blue Hills power station caused a massive power outage across New Providence on Friday afternoon, Bahamas Electricity Corporation (BEC) chairman Leslie Miller has confirmed. And he warned customers to expect disruption in supply until Sunday.
Payment row caused Baha Mar ‘slow down’
The Government has intervened in the row between Baha Mar and its main contractor, amid suggestions that China Construction America slowed down its work rate in the run-up to the planned March 27 opening due to a payment dispute.
Taxi union blasts political interference for delays
THE president of the Public Services Driver’s Union (PSDU) yesterday suggested that “political interference” remains the cause for delays surrounding the modernisation of the taxi industry.
Unpaid property, casino taxes branded as 'crazy'
A Tax Coalition co-chair yesterday suggested that the Government ‘sell’ its $580 million real property tax receivables to the private sector, describing this and the build-up of $51 million in unpaid casino taxes as “crazy”.
BTC ordered to improve efficiency by between 36-69%
The Bahamas Telecommunications Company (BTC) has been set efficiency improvement targets of between 36-69 per cent just to bring it into a ‘median’ position against rivals, the sector regulator finding its “productivity levels remained below those of comparable operators”.
Government's blustering not building confidence
IN THIS column yesterday, we discussed how election promises are being modified, diluted and even given a new interpretation.
Next two years 'great time' for capital raising
Next two years 'great time' for capital raising By NEIL HARTNELL Tribune Business Editor The next two years will be "a great time" for Bahamas-based companies to seek equity or debt capital, a leading investment banker yesterday urging the $35 million s
Next two years 'great time' for capital raising
Next two years 'great time' for capital raising By NEIL HARTNELL Tribune Business Editor The next two years will be "a great time" for Bahamas-based companies to seek equity or debt capital, a leading investment banker yesterday urging the $35 million s
Next two years 'great time' for capital raising
Next two years 'great time' for capital raising By NEIL HARTNELL Tribune Business Editor The next two years will be "a great time" for Bahamas-based companies to seek equity or debt capital, a leading investment banker yesterday urging the $35 million s
Bran: BPL 'puts us back in third world'
The DNA’s ex-leader yesterday said Bahamas Power & Light’s (BPL) inability to provide reliable power had “put us back into third world status”, and blasted: “It’s a disaster for the economy.”
Union blasts govt as BTC ‘anxiety’ grows
The Bahamas Telecommunications Company’s (BTC) line staff union is warning that worker “anxiety” is increasing as it blasted the government’s “hands-off approach”.
City Markets pension plan suffers $758k overpayment
The City Markets staff pension plan overpaid some beneficiaries by a collective $757,668 between 2004-2010, although some $4.216 million was left available to pay benefits as at end-January 2012.
The drug lord years in the Bahamas
A FLOUNDERING economy in the 1970s left the country desperate and encouraged some within the leadership of the governing PLP to to make the conscious decision to partner with drug lords, Majority Rule MP Ed Moxey told The Tribune.
Breezes 'ready and willing' over Baha Mar land transfer
SuperClubs Breezes owner yesterday said outstanding issues over its land swap agreement with Baha Mar were proceeding to resolution, with his property “ready, willing and able” to fulfill all its obligations.
For The Love of Theatre
WHILE she has always had an interest in acting and theatre, taking the stage for the first time sealed the deal for Bahamian actress Chrystall Bethell, who has recently starred in an Off-Broadway play. Now, the Nassau native, who has worked on local productions and American commercials, is pursuing a long-time professional career in acting.
GB Chamber chief fears 2016 rating downgrade
The Grand Bahama Chamber of Commerce’s president yesterday expressed fears that Moody’s will follow its competitor and downgrade this nation’s sovereign credit rating in 2016, given that Baha Mar’s fate will require “a lengthy period” to resolve.
Moody's warns of BTC credit risk
WALL Street last night blasted the Christie administration’s plans to regain majority control of the Bahamas Telecommunications Company (BTC) as “negative” for this nation’s sovereign credit rating, and slammed the Government’s “erratic” policy approach as undermining this nation’s investment climate.
FDI spikes by 'one third' to hit $1.5bn
By NEIL HARTNELL Tribune Business Editor Foreign direct investment (FDI) inflows into the Bahamas increased by "about one-third" in 2011 to hit $1.533 billion, a performance that the Central Bank of the Bahamas' governor yesterday said "significantly exc
Tourism softness: Nassau/PI room revenues off 7%
Hotel room revenues on Nassau/Paradise Island fell by 7 per cent year-over-year to end-July 2017, amid warnings of “sustained softness in tourism”.The Central Bank of the Bahamas, in its monthly economic report for August, said data from a group of m
Tax reform clouded by critical missteps
For several months now, I have deliberately excluded myself from the ongoing discussions over the pending implementation of a Value-Added Tax (VAT) regime. Several years ago I wrote a four-part series on taxation options for the Bahamas, in which my conclusion was that: