Three local insurers earn ‘A grade’ ratings
Three Bahamian insurance companies yesterday received ‘A grade’ ratings from the industry’s leading international rating agency.
Uniformed drivers part of bus reform
Uniformed and salaried jitney drivers will be among the changes under a unified busing system, a Cabinet minister said yesterday, adding that the “refinement” of a corporate earnings structure was being developed in parallel to a pilot project that will act as the prototype.
Chamber chief hopes Florida Expo leads become investments
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday expressed hope that leads from a recent Florida trade expo will turn into “viable investments” in this nation, adding that several interested companies have subsequently reached out to the organisation.
Baha Mar deal ‘can’t be tax free’ after Matthew
Baha Mar’s sale must not be “scott free” of the normal 10 per cent ‘transfer tax’, the Opposition’s deputy leader demanded yesterday, suggesting such revenues could “more than compensate” for Hurricane Matthew relief costs.
Bran: LOI claims will ‘turn away’ foreign investors
The Democratic National Alliance’s (DNA) leader yesterday said the allegations made by the group at the centre of the Renward Wells Letter of Intent (LOI) controversy threaten “to turn foreign investors away from the Bahamas”.
North Andros’ Matthew losses may hit $20-$30m
The North Andros economy may have suffered $20-$30 million in losses as a result of Hurricane Matthew, the Chamber’s chief executive said yesterday.
‘Absolutely no excuse’ for Contractors Bill delay post-Matthew
There is “absolutely no excuse” for further delaying the Contractors Bill’s passage into law, an ex-Bahamian Contractors Association (BCA) president said yesterday, arguing that regulation was needed more than ever in Hurricane Matthew’s wake.
Matthew relief still aiming to ‘promote compliance culture’
While Hurricane Matthew relief efforts will be “more flexible” than those for Joaquin, the Chamber’s chief executive yesterday warned that they would still seek to promote “a culture of compliance”.
Matthew makes air travel ‘even slower’
A senior airline executive said yesterday that a traditionally slow travelling period had become “even slower” in the wake of Hurricane Matthew, telling this newspaper: “Right now, people’s resources are stretched.”
Sandals ‘practically full’ by early November date
Sandals Royal Bahamian executives said yesterday that they expect the resort to be at “practically full” occupancy by early November, with the property set for a ‘soft opening’ today just over two months after undertaking $4 million worth of renovations.
Unions demand PM Sandals intervention
The Bahamas’ two trade union bodies are calling on Prime Minister Perry Christie to facilitate negotiations with Sandals Royal Bahamian for the reinstatement of all terminated union officers, along with the other workers released back in August.
Allen’s $100k demand rejected by LOI group
The group at the centre of the Renward Wells Letter of Intent (LOI) controversy rejected an ex-Cabinet Minister’s alleged $100,000 demand for sending a solitary letter to the Government over its waste-to-energy proposal.
Insurer says 15% of Matthew roof loss ‘preventable’
An insurer believes 15 per cent of Hurricane Matthew-related roof damage was preventable, blaming “shoddy workmanship” and enforcement failures for exacerbating losses.
Nine-fold increase in job placement rate now targeted
A nine-fold improvement in job seeker placement rates is being targeted by a $50 million initiative that aims to overhaul skills training and employment preparation in the Bahamas.
Matthew puts building inspection outsource ‘back on the table’
The outsourcing of building inspections “has to come back on the table for a serious conversation” if the Bahamas is to prevent future Hurricane Matthew-type devastation, the Bahamian Contractors Association’s (BCA) president believes.
