Govt warned: ‘Move quickly’ on reforms after Ocean Club
A trade union leader yesterday said the One & Only Ocean Club terminations had reinforced the need for the Government to “move quickly” in changing the law to ensure expired industrial agreements remain in effect until new deals are sealed.
Manufacturer sees trade rise four-fold
A Bahamian manufacturer yesterday estimated that it had seen a four-fold increase in business in Hurricane Matthew’s aftermath, telling Tribune Business it was targeting the launch of a second location before year’s end.
Court’s new ‘wake-up call’ on Customs abuse
The Supreme Court has delivered another “wake-up call to the Government that they cannot ride roughshod” over the rights of 3,500 Grand Bahama Port Authority (GBPA) licensees, a well-known QC blasted yesterday.
Court ruling blow to public service ‘double dip’ end
The Supreme Court has delivered a blow to the Government’s plans to prevent civil service ‘double dipping’ by ruling that this would violate an existing industrial agreement.
Commission petitions for broker/dealer’s ‘compulsory’ wind-up
The Securities Commission is petitioning the Supreme Court to place a Bahamian broker/dealer into compulsory liquidation, and appoint a provisional liquidator to wind it up.
Nassau port operator targets 16% profit rise
The Nassau Container Port operator is targeting a 16.26 per cent increase in shareholder profits for its 2017 financial year, with import volumes already 5 per cent ahead of projections for the first three months.
Up to 25% of private lands ‘in dispute’
Up to one-quarter of privately-owned land in the Bahamas is embroiled in ownership disputes, the National Development Plan (NDP) believes, creating a major obstacle to social and economic empowerment.
BPL chief deflects to Govt on $650m bond refinancing
Bahamas Power & Light’s (BPL) chief executive yesterday offered little on the status of the rate reduction bond (RRB) issue that is key to the cash-strapped utility’s turnaround, but expressed confidence it would receive the necessary attention.
Top BPL official admits: ‘We have limited means’
Bahamas Power and Light’s (BPL) chief executive yesterday conceded that the troubled utility monopoly was doing as much as it can “with limited means”, and required investment equivalent to “10 per cent of the total value of our fleet”.
PM: BPL outages just ‘too amazing’
Prime Minister Perry Christie yesterday described as “too amazing” the occurrence of three island wide black-outs on New Providence within a one-week period, adding that that the situation needed “the highest investigation”.
Port’s ultimatum to Freeport web shops
The Grand Bahama Port Authority (GBPA) has issued an ultimatum to Freeport-based web shops, after the Government allegedly “hijacked” and “ambushed” the trial to determine who is the industry’s primary regulator in that city.
Web shops urged: ‘Put skin in game’ over GBPA case
The attorney for Chances Games has urged rival web shops, such as FML and Island Luck, to “put some skin in the game” given that they are totally exposed to the Grand Bahama Port Authority’s (GBPA) threat to cancel their licenses to operate in Freeport.
FNM deputy: ‘More at stake’ over Baha Mar than election
The Prime Minister was yesterday urged to “take the long view” by the Opposition’s deputy leader, who warned him not to jeopardise the Bahamas’ international reputation by rapidly approving Baha Mar’s new owner.
Bahamians face ‘very bitter pill’ over BPL rises
Bahamians will have to swallow “a very bitter pill” after the upcoming general election, a former Cabinet Minister yesterday warning consumers to brace for electricity cost hikes and more Bahamas Power & Light (BPL) blackouts.
BISX: Commission’s Rules help to define SME ‘working space’
The Bahamas International Securities Exchange’s (BISX) chief executive says the publication of proposed ‘crowdfunding’ rules will help define “the space we can work in” with its Small Alternative Market (SAM).
