QC says Sandals workers gained from termination
Sandals decision to terminate its 600-strong Royal Bahamian workforce benefited them more than the union’s preferred option, the resort’s attorney argued yesterday, because it ensured they had funds to meet ‘back to school’ expenses.
Bahamas faces ‘hostile economic dismantling’
The FNM’s deputy leader yesterday accused the OECD and other foreign actors of
Bran: ‘Jaundiced eyes’ now viewing Bahamas
The DNA’s leader yesterday expressed fears that investors would view the Bahamas “with jaundiced eyes” following the Panama Papers-style data ‘leak’, and added: “We can’t afford any more reputational damage.”
Govt ‘lacks credibility’ to probe Registrar’s 1.3m document leak
Opposition politicians yesterday demanded that the Government swiftly investigate whether the ‘leak’ of 1.3 million corporate documents from the Registrar General’s Department resulted from a data security breach, amid calls for the Attorney General to be reassigned.
Govt’s Sandals directive takes workers ‘pre-1958’
The Government was yesterday accused of returning Bahamian workers to “pre-1958 General Strike” conditions, after the Attorney General directed the courts to “discontinue” criminal proceedings against Sandals Royal Bahamian and its top executives.
‘Bahamian elite’ urged to acquire upscale GB hotel
The “Bahamian elite” were yesterday urged to consider buying Grand Bahama’s Deep Water Cay resort, with the area’s MP saying its sale called into question repeated Government boasts that it was on the verge of a $110 million expansion.
Opposition to query Govt’s SPV fondness
The Opposition will “most likely” raise concerns in the House of Assembly over the Government’s increasing use of special purpose vehicles (SPVs), its deputy leader said yesterday.
Chamber offer ‘much easier’ than Inland Revenue’s ‘3 at once’
The Inland Revenue offer to simplify the Tax Compliance Certificate (TCC) process by issuing ‘three at once’ would be “much easier” if just one was made valid for a 90-day period, the Chamber of Commerce’s chief executive said yesterday.
Bahamas missed ‘free will’ reform of taxation system
The Bahamas missed “a golden opportunity” to get ahead of its competitors when it elected to implement Value-Added Tax (VAT) instead of a ‘low rate’ corporate /income tax regime, a financial services provider said yesterday.
Union chief slams Govt over Sandals ‘deception’
A trade union leader yesterday slammed the Christie administration for what he described as its “deception” towards workers, after the Attorney General had directed that the criminal case against Sandals Royal Bahamian and its top executives be discontinued.
Potter’s Cay upgrades: Bahamians deserve it
The Minister of Agriculture and Marine Resources yesterday brushed off criticism over the four-fold increase in costs for the Potters Cay upgrade, arguing: “The Bahamian people deserve the best.”
Govt seeking $20m for UBS House buy
The Government has been seeking to finance its impending acquisition of UBS House via a $20 million bond issue to Bahamian investors, Tribune Business can reveal.
Bahamas urged: ‘Avoid’ EU blacklisting threat
The Bahamas was yesterday urged to take all necessary measures to “avoid” being placed on a European Union (EU) financial services ‘blacklist’, after this nation received two ‘red flag warning’ scores.
CCA’s $65k counter over Baha Mar work
Baha Mar’s major contractor has launched a $65,000 damages counter-claim against one of its former US sub-contractors, alleging that it failed to perform on two contracts relating to the project’s convention centre.
Hollywood demands ‘severe penalties’ for Bahamian hacker
Hollywood is demanding that “severe criminal penalties” be imposed against Bahamian ‘celebrity hacker’, Alonzo Knowles, when he is sentenced by the southern New York federal court on September 30.
