Web shops gaining ‘unfair advantage’ in other sectors
Opposition politicians yesterday voiced fears that web shop operators may be using pre-legalisation profits to gain “an unfair advantage” over competitors in other Bahamian industries.
Food store surprise at Brazil meat ban
Bahamian supermarket chains were surprised yesterday by the Government’s decision to place an immediate ban on all meat imports from Brazil, in the wake of a health and corruption scandal impacting that nation’s export processing industry.
CCA ‘moved mountains’ for Baha Mar opening
Baha Mar’s main contractor was yesterday said to have “moved mountains” to ensure the project received its first phase temporary Certificate of Occupancy (TCO) on deadline, with outstanding code items able to be “counted on one hand”.
Oil explorer in 12-month well drill extension
The Government yesterday extended the deadline for an oil exploration company to drill its first Bahamas test well by 12 months to April 2018, giving it extra time to comply with its new regulatory regime.
Unions: Employer wage freeze threat ‘laughable’
Trade union leaders said yesterday they were not surprised by the employer resistance to the proposed labour law reforms, and dismissed fears of wage and hiring freezes as “laughable”.
SUPERGREEN SOLUTIONS: Purifying the landfill smoke
It is amazing what people can get used to. I was speaking with a government official last week who is involved in the restoration work in Jubilee Gardens.
Atlantis ‘very concerned’ on labour reforms impact
Atlantis last night said it was “extremely concerned” over the Government’s proposed labour law reforms, saying they represented “an intrusion” into companies being able to run their businesses.
Family Guardian in near-$6m ‘hit’ from Prime slash
Family Guardian yesterday said it took a near-$6 million hit at year-end 2016 as a result of the Prime interest rate reduction, which impacted “more than 70 per cent” of its investment assets.
US wins $13.9m ‘Ninety’ assets confiscate appeal
The Privy Council yesterday paved the way for a battle over assets allegedly belonging to convicted drug trafficker, Samuel ‘Ninety’ Knowles, after it ruled that the US government’s $13.9 million confiscation order against him can be registered in the Bahamas.
Minister: 2/3 redundancy increase brings Bahamas ‘in line’ with Caribbean
The Minister of Labour yesterday argued that employer concerns over the proposed two-thirds increase in the redundancy pay ‘cap’ were misplaced, arguing that it would bring the Bahamas into line with the rest of the Caribbean.
GB Power demand 10% ‘below normal’
Demand for Grand Bahama Power Company’s (GBPC) electricity is down 10 per cent below normal levels, with its majority shareholder not anticipating a recovery before 2018.
Opposition: Govt ‘worst offender’ on workplace relations
Opposition MPs yesterday slammed the Government as one of “worst offenders” in workplace relations, as debate began in the House of Assembly yesterday on the controversial labour law reforms.
Miller warns over labour law reform
Outspoken PLP MP, Leslie Miller, yesterday warned about the possible repercussions from the Government’s proposed labour law reforms, urging: “We must be reasonable in our approach.”
Large employers mull wages, hirings freeze
The Bahamas’ biggest employers, including some of the largest hotels, are mulling whether to impose a wages and hiring freeze in retaliation for the Government’s decision to force controversial labour reforms “down our throats”.
Baha Mar: No casino license 21 days out
Baha Mar’s prospective purchaser was yesterday said to be confident it will obtain the necessary casino license prior to its April 21 opening, even though one will not be issued before the end of March.
