Gas retailers grill leading finance official on margins
The Government’s top finance official yesterday faced another ambush - this time from aggrieved petroleum retailers asserting the administration has “their two big foot on top of me” over a margin increase.
‘Hit global standards to slash Gov’t procurement costs 10%’
The Government can slash its procurement costs by up to 10 percent through meeting global standards, it was revealed yesterday, as a further $52.362m in contract awards were disclosed.
Izmirlian victory in Baha Mar legal challenge
Sarkis Izmirlian has successfully fought-off a bid by Baha Mar’s main contractor to slash his damages claim by $830m just days before their fraud and breach of contract battle goes to trial in New York.
Finance chief: Why ‘uproar’ over aviation fee increases?
The Government’s top finance official yesterday challenged the “uproar” over the increase in Customs and other aviation fees, adding: “Persons who benefit from our country should pay their fair share.”
Wendy’s: Ruling ‘paves way’ for PI restaurant
Wendy’s yesterday hailed the planning authorities’ rejection of Atlantis’ appeal as “paving the way” to finally develop its new Paradise Island restaurant that has been delayed for “several years”.
Digital payments push arrives on Eleuthera
Eleuthera residents and business owners discussed digital payments solutions with almost a dozen providers and presenters at the island’s recent second annual Digital Expo.
‘Decades-long norm’ on fisheries poaching over
FISHERMEN yesterday hailed “fantastic” progress in combating foreign poachers as they bid to match the “record catches” enjoyed by many last year when crawfish season opens on August 1.
Athol Island go-ahead one month after ‘cease’ order
ENVIRONMENTAL regulators gave the go-ahead to an Athol Island developer just one month after ordering him to “cease and desist” unauthorised construction activities at the same location.
Union ‘ready for action’ over reforms to BPL
A UNION leader yesterday asserted that Bahamas Power & Light (BPL) staff are “p***** off and ready for action” amid uncertainty over how they fit into the Government’s energy reform plans.
Union chief: Minister’s Pike meeting ‘flies in worker faces’
THE head of the Bahamas Power & Light (BPL) line staff union yesterday asserted that the arrival of workers and equipment from a US contractor “flies in the face of the workers”.
Virtual reality training to become necessity
In recent years, the landscape of employee training and development has been dramatically reshaped by advances in technology.
Why two securities depositories? BISX chief ‘doesn’t have answer’
THE Bahamas International Securities Exchange’s (BISX) top executive says he “doesn’t have the answers” for why this nation has created two separate facilities to clear and settle securities trades.
IT outage gives ‘horrific’ small business impact
Many Bahamian small businesses suffered an “horrific” and “huge impact” from Friday’s widespread IT outage due to their reliance on card transactions for 65 percent of customer purchases.
Realtor beats 2023 full year with first half sales
A Bahamian realtor yesterday disclosed that its 2024 first-half closed sales have “surpassed” 2023’s full-year performance as it moves to “accelerate” deals at a south-west New Providence project.
Club Med staff enjoy 9% salary increase
Unionised line staff at San Salvador’s Club Med resort yesterday gained a 9 percent pay rise with the signing of a new industrial agreement that covers a property enjoying 85 percent occupancy rates.
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