We’ve ‘lost our way’ in financial services
A former Financial Services Minister has admitted that Bahamians have “lost our way” and become “too comfortable” in the financial services sector, adding: “We need to invest in ourselves and our industry.”
Business to resist ‘heavy handed’ labour law reform
The private sector will resist any “heavy handed” move to impose the proposed labour reforms on it, the Chamber’s chief executive yesterday warning they were “not sitting well” with the business community.
Correction - NAD and car rental leases
IN A story (Rental cars hit at ‘too high’ fees, Tribune Business, September 1) it was reported that the Nassau Airport Development Company (NAD) was not prepared to meet the current rental car concessionaires at Lynden Pindling International Airport over proposed lease rate increases.
PM gets last chance to avoid ‘shut down’
The Prime Minister’s meeting with trade union leaders tomorrow is “critical” in determining whether the labour movement will make good on threats to “shut the town down” in response to numerous alleged grievances.
Brace for post election rise ‘to save’ BPL
Bahamians were yesterday warned to brace for electricity rate rises after the 2017 general election “no matter who the Government is”, a former Cabinet Minister arguing this was “essential to save” Bahamas Power & Light (BPL).
Baha Mar sceptics challenge Chinese ‘goodwill gesture’
Efforts to market Baha Mar creditor payouts as “a goodwill gesture” by its secured creditor were challenged yesterday, a key Sarkis Izmirlian ally saying: “The Chinese don’t do something for nothing.”
Automatic tax exchange set for October discuss
The Bahamian financial services industry is hoping to start consultation on the proposed legislative regime for automatic tax information exchange by next month, as it bids to remain “the destination of choice” in the Western Hemisphere.
Surplus banking liquidity at $1.6bn
Excess liquidity in the Bahamian commercial banking system increased by $271.3 million in the year to end-July 2016, with the new $1.586 billion high illustrating the continuing difficulties in finding suitable borrowers.
Bahamian cargo airline launches
A newly-formed Bahamian cargo airline has obtained US regulatory approval to provide services to this nation from south Florida.
Loretta: Labour reforms ‘most hare-brained’ yet
A former FNM leadership contender yesterday slammed the Government’s proposed labour law reforms as “the most ludicrous, ridiculous and hare-brained legislation I’ve heard of”.
BISX targets ‘more proactive’ approach on price discovery
The Bahamas International Securities Exchange’s (BISX) chief executive yesterday conceded that it needed to be “more proactive and ensure the market better reflects” prices that will stimulate trading activity.
Union chief: Employers are ‘resistant to change’
A trade union leader yesterday suggested the Bahamian private sector will eventually “come round to reality”, with its response to proposed labour law reforms showing it does not react well to change.
Govt to spend $2.5m monthly on fighting Zika
The Ministry of Health has allocated what would be a $30 million annual budget to tackle the Bahamas’ Zika virus outbreak, a senior official yesterday acknowledging that this had forced it to adjust its financial plans.
GBPA urges strike of ‘watershed case’
The Grand Bahama Port Authority (GBPA) is urging the Supreme Court not to permit a web shop operator’s Judicial Review to become a “watershed case” against it.
‘Too early’ to assess Zika’s tourism impact
The Ministry of Tourism’s director-general said yesterday it was “too early to tell” whether there will be any significant “fall-out” for the industry from the recent Zika outbreak, adding that August had been “very strong” for visitor arrivals.
