‘Suspicious transactions’: City Market pension alert
An accountant has warned that “numerous suspicious transactions” appear to have occurred involving the City Markets pension plan, which required further detailed examination and scrutiny.
Cancer returns amid City Meat pension delay
The financial hardship suffered by former City Markets workers and pension beneficiaries has been exposed by a 29-year veteran of the company, whose inability to access her entitlement has resulted in cancer’s return.
RoyalStar ‘holds’ for investment diversity
RoyalStar Assurance’s shareholders have altered its corporate structure to give it “more dimension” to diversify into other financial services investments, its managing director said yesterday.
‘Go to hell’ warning on Baha Mar creditors
The Government must tell any Baha Mar purchaser to “go to hell” unless they commit to making all Bahamian creditors whole, a former director of the project said yesterday.
Business frustration on service trade deal
A top private sector representative yesterday lamented the more than two-year delay in securing a Memorandum of Understanding (MoU) with the Government to boost services exports and trade, warning that the Bahamas is not doing enough to develop the sector.
Unpaid taxes ‘saddle’ City Markets pension
A key City Markets pension fund asset has allegedly been “saddled” with an unpaid $305,000 tax liability, amid ongoing disputes over whether it was sold via two separate real estate transactions.
Super Value eyes web shop kiosk roll-out
Super Value’s owner yesterday said kiosks for the Bahama Dreams web shop chain may be placed in more of his food stores, telling Tribune Business: “We’re going to sell it the way we sell Top-Up and everything else.”
QC’s ‘conflict’ warning on Port tax treatment
A Freeport-based QC yesterday warned that the Government’s agreement with the Grand Bahama Port Authority (GBPA) threatens to “create a conflict” between the latter and its licensees over discriminatory tax treatment.
Shipyard: Just 39% of workers are Bahamian
The Government’s own advisers have warned that “noted deficiencies” in core and technical skills are impeding the hiring of Bahamians in Freeport, with less than four in 10 Grand Bahama Shipyard employees coming from this nation.
Labour Dept’s job placement ‘much higher’ than 2%
The Director of Labour yesterday said his department’s job placement success rate was “far higher” than the 2 per cent highlighted in a recent Inter-American Development Bank (IDB) report, although he admitted its tracking mechanism was “old and outdated”.
Chilling investor warning: Expect 2-4 year court delay
Investors and commercial litigants have effectively been warned that it will take at least two years, and possibly as many as four, to obtain trial dates in the Bahamas for complex and keenly-contested disputes.
Freeport ‘deficit’: PM at odds with Govt Committee
The Prime Minister’s assertion that the Government runs a higher deficit in Freeport than anywhere else in the Bahamas appears at odds with the report produced by his own committee.
Dingman to creditors: Come to the Bahamas
The Supreme Court is the best place for Bahamian creditors to seek redress over the “medley of allegations” against Jamie Dingman’s failed Nassau restaurant empire, his US attorneys are arguing.
Educators urged to ‘loosen grip’ on vocational training
A former Chamber of Commerce chairman has urged educators “to give up their grip” on vocational training, and let industry drive course content and standards.
Judge refuses committal stay over Rum Cay feud
An appeal judge has refused to stay committal proceedings against one party to a long-running Rum Cay feud, who claim their demolition actions had Government approval.
