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Business

 
No rate increase as GBPC approves recovery of regulatory asset via 10 cents per kWh charge
While the Grand Bahama Port Authority (GBPA) had no intention of increasing Grand Bahama Power Company's (GBPC) rates to customers following the passage of Hurricane Matthew, it did approve the "recovery of a $20,600 regulatory asset through a fuel/o...
 
 
Economic boost projected from Spartan Race in November
One of the most popular obstacle course running brands in the world is coming to New Providence in November, according to the owner of RETRO Management (Rhondi's Entertainment Training and Recruitment Organization), Rhondi Treco. Spartan Race posted...
 
 
Sumner stresses support for SMEs at opening of Little Caesars
While speaking at the grand opening of Little Caesars Pizza, CEO of the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) Edison Sumner urged consumers to support small and medium-sized enterprises (SMEs) such as the new establishmen...
 
 
Securities Commission reappointed to chair regional securities regulators group
Securities regulators from over 15 Caribbean jurisdictions selected the Securities Commission of The Bahamas to continue as the chair and secretariat of the Caribbean Group of Securities Regulators (CGSR) for the 2017–2019 period. The announcement...
 
 
BTC opens new corporate HQ on Grand Bahama
FREEPORT, Grand Bahama — Bahamas Telecommunications Company (BTC) further cemented its reputation as a pillar of the Grand Bahama Community on Friday, April 28 as the company officially opened the doors to its brand new corporate headquarters on th...
 
 
BTC: Customers may port numbers without settling bills
With the launch of mobile number portability (MNP) yesterday, CEO of Bahamas Telecommunications Company (BTC) Leon Williams highlighted the importance of establishing a credit bureau in The Bahamas amid the concern that post-paid customers with outst...
 
 
Brewery reports lost sales of over $2 million following Hurricane Matthew
Commonwealth Brewery Limited (CBL) revealed yesterday that it incurred lost sales of over $2 million as a result of damage sustained to its Clifton Pier manufacturing plant following the passage of Hurricane Mathew. CBL also endured a loss in stock w...
 
 
Six-room Eleuthera hotel on Condé Nast’s ‘Hot List’
An Eleuthera hotel, opened just five months, has caught the eye of a leading travel magazine and is featured on its 2017 “Hot List” among many seasoned hotel brands. Last week Condé Nast Traveler announced the winners of its 2017 “Hot List”...
 
 
CWC concerned over impact tax increases could have on revenue
Cable & Wireless Communications Limited (CWC), part owner of the Bahamas Telecommunications Company (BTC), pointed out that any increase in value-added tax (VAT) or similar revenue-based taxes could have an “adverse impact” on the company’s...
 
 
BAMSI signs contract for its first organic farm
The Bahamas Agriculture and Marine Science Institute (BAMSI) signed a contract yesterday for what could become only the second certified organic farm in the country. Errington Thompson, who received the contract for Rosa Organic Farms, said the only...
 
 
Former Baha Mar expats seek answers on their compensation
Former expatriate employees of Baha Mar continue to prod the government and the new Baha Mar owner for their compensation, claiming in an open letter addressed to at least six senior government officials, including the prime minister, as well as the ...
 
 
Standards and quality implementation to aid reduction in food imports
The establishment of the Bahamas Bureau of Standards and Quality (BBSQ) could eventually assist The Bahamas in lowering the instances of food imports that are unnecessary. A presentation by BBSQ consultant Graham Holloway revealed that the implement...
 
 
Brennen: Primary care services under NHI affords patients longer visits
The recent launch of primary care services under National Health Insurance (NHI) will allow patients to have more time with their respective physicians despite claims that visits would be shortened, according to Project Manager for NHI Dr. Delon Bren...
 
 
Vendor sales set for a boost at carnival event in Grand Bahama
Vendors are looking forward to a “big boost in sales” this weekend at the Bahamas Junkanoo Carnival’s Music Masters semifinals in Freeport, Grand Bahama, says Bahamas National Festival Commission (BNFC) CEO Roscoe Dames. The two-day event, sta...
 
 
BTC rolls out new, affordable plans for postpaid clients
Mobile number portability (MNP) is expected to launch today and Bahamas Telecommunications Company (BTC) continues to roll out new plans for its customers in order to compete with new mobile carrier Aliv. BTC released a statement this week introdu...
 
 
Baha Mar: Claims of staff firings false
Just five days after the soft opening of Baha Mar, rumors circulated on a social media platform that up to 100 people were let go from the resort, but a statement from Baha Mar said the allegations are “baseless and untrue”. The rumors suggested...
 
 
Baha Mar reservation window moved up to May 8
Baha Mar has moved its reservations window up to May 8, the company said in a press release yesterday after much criticism over its end-of-May reservation window. Eyebrows have also been raised over some of the taxes that appear on room reservations....
 
 
Mobile number portability delayed until tomorrow
Mobile number portability (MNP) is once again delayed and is now expected to launch tomorrow, according to Director of Policy and Regulation at the Utilities Regulation and Competition Authority (URCA) Stephen Bereaux. MNP was expected to be launche...
 
 
BCCEC launches ease of doing business survey
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) is conducting a survey to determine the most pressing issues in The Bahamas regarding the ease of doing business, ahead of its fourth annual National Conclave of Chambers of Comme...
 
 
BAMSI establishing greenhouse network in Southeast Bahamas
Weekend rains in North Andros have wreaked havoc on various crops. Farmers were inundated with 2.36 inches of rainfall on Sunday, causing fields to be flooded. Crop losses are expected to be high, particularly with vegetables such as cabbages and cuc...
 
 
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