Local Business


Tease photo

End-of-week payout deal target for 227 Lucayan workers

The Grand Lucayan’s chairman yesterday said he is “aiming” to finalise voluntary separation packages for 227 staff by week’s end, after “substantially” narrowing differences with the unions.

Top civil servant: Ministries ‘failing’ to manage staff

A senior civil servant has “unequivocally” warned that all government ministries are failing to properly manage and develop personnel, and have “major room for improvement” in both areas.

Tease photo

Chamber confident ‘reason will prevail’ in labour disputes

The Chamber of Commerce’s chairman yesterday expressed optimism that “reason will prevail”, giving the Government a vote of confidence in its ability to prevent further industrial unrest.

Govt urged to exit utilities ownership

GOVERNMENTS must start “divesting” their interest in state-owned utilities, an ex-Water & Sewerage general manager urged yesterday, with progress often stifled by changing administrations.

Financial Centre marks bank’s fifth anniversary

A Bahamas-based financial institution has celebrated its fifth anniversary with the inauguration of its financial centre to show its belief this nation can become a “top five” financial centre.

CIBC pledges commitment to Caribbean infrastructure

Almost one-third of CIBC First Caribbean’s $1.8bn in financing for regional infrastructure projects over the past three years has gone to energy utilities in The Bahamas and elsewhere.

Talent shortages challenge on NHI

Continuing industrial unrest in the Bahamian healthcare sector underscores the need for this nation to “retain, regain and increase” workforce talent so it can realise its Universal Health Care (UHC) ambitions.

Natural resources boost vital to mitigating storms

CARIBBEAN COUNTRIES must combine “hard infrastructure” with increasing the “resilience” of the natural environment to combat natural disasters, a Bahamian engineer said yesterday.

Tease photo

Legal battle to restart on web shop taxation

The Government and web shops will resolve their dispute over the industry’s “sliding scale” tax structure in the courts, it was revealed yesterday, despite making progress on the “patron tax”.

Tease photo

Unions give PM month to avoid ‘national strike’

Trade union leaders yesterday warned the prime minister he has a month to resolve multiple labour disputes otherwise “he’s going to have a national strike on his hands”.

Tease photo

Hotel union: We ‘won’t talk much longer’ with Atlantis

The hotel union will “not talk for much longer” in seeking a resolution to its dispute with Atlantis, its president yesterday pledging: “We won’t allow them to dictate to us.”

Tease photo

Give Bahamians ‘first rights’ over BTC outsourcing

The prime minister was yesterday urged to ensure Bahamians “have first rights” on all outsourcing opportunities at the Bahamas Telecommunications Company (BTC) if downsizing continues.

Airbnb’s October bookings up 50%

Stopover tourist visitors to The Bahamas increased by 7.4 percent over the first three quarters of 2018 with the Central Bank forecasting “continued economic strengthening” through year-end.

CIBC named top Bahamas bank

CIBC FirstCaribbean has been named The Bahamas’ Bank of the Year for the third straight year.

Developers plan ‘stand out’ Jack’s Bay project

DEVELOPERS behind the mixed-use Jack’s Bay resort community in Rock Sound, Eleuthera, believe it will “stand out” in the marketplace similar to an Albany or Baker’s Bay.