Reforms to the penal code will place the “onus of proof” on foreign residents of The Bahamas to demonstrate they have not defrauded overseas governments, Cabinet ministers said yesterday.
A fisheries industry “rift” has been exposed over arguments that over 1,000 persons will be hurt, and up to $8m lost, if planned legal reforms stop foreign nationals working on Bahamian-owned boats.
A BAHAMIAN fisherman last night confirmed the long-standing “split” with the sector’s major wholesalers and processors over what he described as “a tragic and ironic reality”.
A TRADE union leader yesterday said he had informed his colleagues that industrial action in any form must be avoided until the Bahamian economy fully recovers from COVID-19.
A MAJOR Grand Bahama hotelier yesterday said his property is losing between $200,000 to $300,000 per month, as he lamented: “We need something to go our way.”
A prominent QC yesterday blasted suggestions by Bahamas Petroleum Company (BPC) shareholders that opposition to the company’s oil prospecting was driven by “malice”.
A MAJOR Paradise Island resort has confirmed it will re-open on December 10 after several “abnormal” months as the US eased its COVID-19 warnings on travel to The Bahamas.
A governance reformer last night said the deputy prime minister will have to “make the call” with the Prime Minister as to whether the $27m “bogus loans” accusations will become too big a distraction.
A CABINET minister and current MP have been removed as defendants to a $2.405m unfair dismissal claim brought by the Water & Sewerage Corporation’s former general manager.
Aliv’s top executive says the COVID-19 pandemic has driven a 50 percent increase in data demand as it works on finalising a $70m loan from its controlling shareholder.
Consultants have been hired to review the Grand Lucayan deal’s merits amid growing doubts that it now delivers the promised benefits to the Bahamian people, Tribune Business can reveal.
A Bahamian broker/dealer’s liquidator has voiced concern that its majority shareholder and then-senior management removed over $8m in the two-and-a-half years prior to its insolvency.
ABACO’s private sector is scheduled to meet with the Government today to resolve the “number one question” that is the fate of the island’s post-Dorian Special Economic Recovery Zone.
Some 40 former Sky Bahamas employees will appear before the Industrial Tribunal today claiming that the former airline has “totally abandoned” them and the collective $740,000 it owes.
By the current year’s standards, 2017 was pretty average.