BOB trading bandwidth is increased 54%
The bandwidth in which Bank of the Bahamas shares can trade on BISX has been expanded for the second time in less than two months, this time by 54 per cent, amid alterations to its $40 million rights offering.
CCA sticking with Baha Mar ‘lock out’
Baha Mar’s main contractor is sticking to its position that it cannot produce documents for a New York court case because it remains “locked out” of its offices at the $3.5 billion project site.
Labour law changes are ‘not set in stone’
The private sector is reviewing recent recommendations by the Government to amend the Employment Act, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive stressing that the proposals “are not set in stone”.
Unions ‘plan something major’ on Sandals issue
A trade union leader says the movement is “planning something major” in response to the Sandals Royal Bahamian terminations, arguing that the “overwhelming” public response had effectively left them with “no choice” but to act.
GBPA, Govt face web shop collision
A web shop chain was this week urged to drop its action against the Grand Bahama Port Authority (GBPA) and focus on “the real issues” - whether the Gaming Board has regulatory authority in Freeport.
Benchmark chief: SEC deal talks ‘not over yet’
A BISX-listed company’s principal yesterday warned “it’s not over yet”, even though his two-year legal battle with US federal regulators has taken another step towards resolution.
Baha Mar secrecy ‘slap in the face’ for all Bahamians
The Government’s failure to disclose how the Baha Mar agreement treats public assets is “a slap in the face of the Bahamian people”, the Democratic National Alliance’s (DNA) leader said yesterday.
‘Grave concerns’ on NIB financing BOB
An FNM MP yesterday said she still harbours “grave concerns” that National Insurance Board (NIB) funds will be used to ‘bail out’ Bank of the Bahamas, despite Cabinet-level denials.
Key Sarkis ally: China ‘victorious’ over Baha Mar
A key Sarkis Izmirlian ally has conceded that the Chinese have been “victorious” in the Baha Mar dispute, with the company responsible for the project’s “melt down” now set for a multi-million dollar windfall.
Sandals: Under 2/3 of workers reapply
Renovations at Sandals Royal Bahamian are ‘on track’ to be completed in time for its planned mid-October reopening, the resort’s project manger said yesterday, adding that the daily construction workforce would peak at 200 persons.
Govt can’t get ‘benefit of doubt’ on Baha Mar
The Opposition’s deputy leader yesterday said the Government cannot be given the “benefit of the doubt” until the Baha Mar construction completion agreement’s details are revealed, given its previous pronouncements on the project.
IAN FERGUSON: The benefits from hiring internally
In our ever-changing and fast-paced corporate world, strong leadership is paramount in steering teams towards sustained growth and success.
Hotels ‘contract’ with 5% room revenue fall
The Nassau/Paradise Island hotel industry “contracted” against both prior year performance and expectations during the 2016 first half, with total room revenues down 5 per cent.
Rental cars hit at ‘too high’ NAD fees
Rental car companies yesterday hit out at the Lynden Pindling International Airport’s (LPIA) operator over lease rates that they argued were “too high”, suggesting their resistance was behind its recently-launched search for new players.
Central Bank, NIB urged to ‘stand firm’ over Mortgage Corp
The Central Bank and National Insurance Board (NIB) were yesterday urged by a former Mortgage Corporation chairman to “stand their ground” and resist the Government’s plans for the latter to issue more bonds.
