Summit’s peak rating a timely confidence boost
Summit Insurance Company’s president yesterday said its ‘A grade’ rating from A. M. Best had provided a timely confidence boost for clients in Hurricane Matthew’s wake.
IAN FERGUSON: Businesses perform better without egos
Some people think managing through ego, or forcing on others their self-important management style, makes them a leader. Sadly, this autocratic or authoritarian style is used ineffectively by so many leaders in our current corporate climate.
Cable: Network fully restored in Nassau
Cable Bahamas yesterday said it was turning its focus to customer billing adjustments, having achieved full network restoration on New Providence.
Corporate governance vital to ‘business ease’
The Chamber’s chairman said yesterday that improving the Bahamas’ corporate governance culture, a key pillar of the National Development Plan, is “critical” to preventing further declines in this nation’s ‘ease of doing business’ rankings.
Private sector urged to seek online boost
Bahamian businesses were yesterday urged to leverage digital platforms to boost their brand presence and increase sales opportunities, with website security described as “critical” to facilitating e-commerce.
Chamber fully backs apprentice initiative
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday said the private sector was in full support of the proposed national apprenticeship programme, as a skilled and employable workforce was key to national development.
Bahamian accusers drop Dingman claim
Seven Bahamian companies and contractors have “voluntarily” withdrawn their claims for thousands of dollars in damages against Jamie Dingman over the collapse of his Nassau-based restaurant empire.
Bahamas taxes equal 34% of company profit
Bahamian companies face an effective corporate tax rate that is equivalent to almost 34 per cent of their profits, the World Bank’s ‘ease of doing business report’ has calculated.
Attorney admits ‘concern’ over court disputes length
Damages claims over Jamie Dingman’s failed Nassau restaurant empire may take two-and-a-half years to be resolved if the case has to be heard in the Bahamas, a local attorney has warned.
Bahamas facing ‘harsh reality’ on business ease
The Bahamas faces “the harsh reality” that it has done nothing to improve ‘the ease of doing business’, the Chamber’s chairman warning yesterday that far-reaching reform was necessary to improve economic competitiveness.
Bran slams ‘career politicians’ for ease of business slump
The Bahamas’ slump to 121st spot in the World Bank’s ‘ease of doing business’ rankings stems from the country being run by “career politicians who know nothing about business”, the Democratic National Alliance’s (DNA) leader charged yesterday.
Unions seek 20-fold employer fines rise
Bahamian trade unions are pushing labour law reforms that will impose a 20-fold increase in financial sanctions on businesses and an exorbitant redundancy cost burden - while simultaneously removing restrictions on their operations.
VAT drops Bahamas to 121st in ‘ease of business’ rankings
The Bahamas is now perilously close to dropping into the bottom third of the World Bank’s ‘ease of doing business’ rankings, after the country was ranked 121st out of 190 nations when it comes to facilitating private sector activity.
‘Intricate fabrication’: Sarkis blasts process for selling Baha Mar
Sarkis Izmirlian has slammed Baha Mar’s transfer to a special purpose vehicle (SPV), controlled by its Chinese secured creditor, as “an intricate fabrication” designed to mask the failure of the project’s sales process.
Sarkis ally admits Chinese, Govt are saying: ‘Go to hell’
A key Sarkis Izmirlian ally yesterday conceded that his attempts to regain Baha Mar’s ownership will likely prove futile, given that both the Government and Chinese were telling the original developer to “go to hell”.
