$1m cargo carrier ‘makes some waves’
A Bahamian-owned cargo airline yesterday said it had “made some waves” since getting approval to enter the Florida market in January, and is now leveraging technology to expand its $1 million investment.
IAN FERGUSON: Breaking the grip of workplace addiction
Everyone has personal habits; some more than others. From gambling and sex to drugs and alcohol, addictions can become quite expensive for both the individual and the company that employs them.
Scotiabank affirms its Bahamas commitment
Scotiabank’s district head of for the north Caribbean has pledged that the institution is “committed to the Bahamas”, as it kicked-off its 60th anniversary celebrations.
Court upholds illegal worker contract rights
Employment contracts do not become “invalid or void” if an employee is working in the Bahamas illegally, the Court of Appeal has ruled.
All web shops urged to join Freeport fight
Attorneys on both sides of the Freeport gaming dispute yesterday urged other web shop operators to join their action, so that the issue of who is the sector’s regulator in that city and be “determined once and for all”.
Ex-contractor chief fears ‘poor results’ on CCA collection
A former Bahamian Contractors Association (BCA) president yesterday expressed fears that the industry will suffer “very poor results” in collecting the multi-million dollar sum owed to it by Baha Mar’s contractor.
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.
