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.
Zika a ‘golden moment’ for Health ability
A senior Ministry of Health official yesterday said the Zika outbreak had given it “a golden moment” to demonstrate its capabilities prior to National Health Insurance’s (NHI) introduction.
Govt ‘legislating us out of business’
The Government’s latest proposed labour law amendments have been slammed as “irresponsible governance”, a well-known businessman warning: “Don’t legislate the private sector out of business.”
Web shop wants GBPA to ‘rescind’ licensing demand
A web shop operator is demanding that the Grand Bahama Port Authority (GBPA) “rescind” a letter requiring it to apply for a provisional gaming licence, and accept the Gaming Board’s regulatory jurisdiction in Freeport.
Govt, unions told: ‘Businesses are not unlimited money pits’
The Chamber of Commerce’s chairman has warned the Government and trade unions that “destroying businesses” will render talks on worker protection and benefits “moot”, as there will be no jobs for them to fill.
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.
