Search results for : liability
BEC liabilities outstrip assets by 123 million
February 27, 2014
BEC liabilities outstrip assets by 123 million
Liabilities at the Bahamas Electricity Corporation (BEC) continue to surpass its assets, according to BEC Executive Chairman Leslie Miller.
In fact, Miller said it has caused a "serious" cash flow problem for the corporation, with more than $123 million outstanding.
"That's part of the problem at BEC when you consider that we have over 3,000 people that are currently without electricity and have n...
Power Secure Proposes Reduced Cost of Electricity and Increased Reliability for The Bahamas
July 30, 2013
Power Secure Proposes Reduced Cost of Electricity and Increased Reliability for The Bahamas
Executives plan key meetings with Government Officials.
Reduced electricity costs and improved reliability in supply are just some of the topics that will be discussed by senior executives from PowerSecure (Nasdaq: POWR) International, in their meetings with government and private sector leaders this week in The Bahamas...
Business Leaders Look To Hedge Liabilities
November 20, 2012
Business Leaders Look To Hedge Liabilities
Some of the country's top businessmen say between exorbitant operational costs and the volatility of the market, it is becoming increasingly difficult to operate in the private sector.
Oceanfront Homes Have Unique Liability
October 15, 2012
Oceanfront Homes Have Unique Liability
Who in The Bahamas wouldn't want to own a house on the beach, or on the waterfront with breathtaking views of our beautiful turquoise waters?
April 04, 2012
City Market: Super Value paying enough to cover liabilities
Super Value's offer to purchase the struggling five-store City Market chain is still the best deal, despite no official decision being made, according to Bahamas Supermarkets Limited (BSL) President Mark Finlayson.
Last week, Finlayson and Super Value owner Rupert Roberts confirmed that Super Value was seriously eyeing purchasing the five-store City Market chain.
During an interview yesterday, Fin...
BEE to alleviate executive liability
March 26, 2012
BEE to alleviate executive liability
There is a new piece of legislation on the books that seeks to make the duties of an executive easier, according to Nadia Taylor, a Senior Associate at Higgs & Johnson.Taylor told Guardian Business that the Bahamas Executive Entity (BEE) was created by lawyers and high net-worth individuals that were acting in an executive function but was afraid of the liability attached to that role.
"It was de...
July 29, 2011
LETTER: Children in Bahamas: national treasure or disposable liability
EDITOR, The Tribune.
"The Bible insists that the best test of a nation's righteousness is how it treats the poorest and most vulnerable in its midst." - Jim Wallis, founder, Sojourners Magazine.
My quest for a summer programme to enhance the development of my active minor boys resulted in feelings of disgust, insult, disappointment and dismay. I was horrified because the leading educational inst...
'Liability' Bastian dropped by DNA
June 28, 2011
'Liability' Bastian dropped by DNA
FORMER Member of Parliament for South Andros, Whitney Bastian has been denied a nomination to run for the Democratic National Alliance in the upcoming general election.
According to Mr Bastian the DNA felt that he would be more of a "liability" rather than an asset because of his storied past, having been placed on the "restricted list" of the United States of America.
The DNA has been getti...
March 09, 2011
Emera Grand Bahama Power Company Improved Reliability
FREEPORT, Grand Bahama
Island.....Since the recent acquisition of the majority share holdings
of the Grand Bahama Power Company by Canadian based company Emera, the
question on the minds of the residents of Grand Bahama has been what
changes will the company bring to improve the quality of service on
the island. And, with the summer months fast approaching, the operating
challenges that impa...
Rt. Hon. Hubert A. Ingraham On the Sale of BTC to Cable & Wireless Communications, Plc. (CWC)
February 08, 2011
Rt. Hon. Hubert A. Ingraham On the Sale of BTC to Cable & Wireless Communications, Plc. (CWC)
Communication by Rt. Hon. Hubert A. Ingraham On the Sale of 51% of Bahamas Telecommunications Company To Cable & Wireless Communications, Plc. (CWC)
Mr. Speaker,
At the conclusion of my communication I will table the following documents related to the privatization of The Bahamas Telecommunications Company (BTC) and the sale of 51% of the shares in BTC to Cable and Wireless Communications...
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