CLICO liquidator gets leave to move over ‘fraud’ action
CLICO (Bahamas) liquidator this week obtained Supreme Court permission to serve legal claims, alleging “fraudulent breaches of fiduciary duty”, against two of the insolvent insurer’s former principals in Trinidad and Barbados.
IAN FERGUSON: Paying workers their true worth
We have long toyed with the idea of merit-based pay as a means to increase productivity and efficiency in the workplace. Despite many years of throwing these thoughts around, and the cries from many businesses to adopt it, few have implemented incentive-based pay for employees.
Miller: BEC manager’s sale ‘very interesting’
The Bahamas Electricity Corporation’s (BEC) former executive chairman yesterday described the impending acquisition of its newly-appointed manager as “very interesting”, arguing that the deal with the Government could have boosted its sales value.
Union demands that BEC manager’s new owner ‘speak clearly’
The Bahamas Electrical Managers Union’s (BEMU) president yesterday said it would “wait and see” what unfolds following the announcement that BEC’s newly-appointed manager is being acquired in a $431 million deal.
40% licence decline shows auto fall depth
A leading auto dealer yesterday revealed that his Business Licence fee payments have declined by around 40 per cent year-over-year, and said: “Making money is a thing of the past.”
Bahamas leads region for lift per hotel room
The Bahamas has the greatest airlift per available hotel rooms in the Caribbean, an International Monetary Fund (IMF) working paper has found, although flights to this nation from the US have fallen “by almost 50 per cent” since 2000.
Investor confidence ‘undermined’ by PM’s Baha Mar assurances
The Prime Minister is undermining investor confidence in the Bahamas by repeatedly promising that a Baha Mar resolution, and completion, is imminent, an Opposition politician has charged.
Private sector wants renewables re-start ‘as quick as possible’
The private sector is seeking an urgent meeting with Bahamas Power & Light (BPL) and its new operator in a bid to re-start the Renewable Energy Self Generation (RESG) programme “as quickly as possible”.
Baha Mar’s re-hire of 2,000 workers ‘remoter by the day’
The prospects of Baha Mar re-hiring its 2,000 laid-off employees are “growing more remote every day”, the Opposition’s deputy leader said yesterday, given predictions that winter 2017 is the earliest the property can open.
ART OF GRAPHIX: Ensuring constructive criticism hits the mark
At some point in every design project we quit what we are doing and present our unfinished work with co-workers, family members or close friends for critiquing. But what does the critique do for the design and the rest of the project? Do critiques really help, and are they necessary? If so, how do we use their input to improve our creative output?
RICHARD COULSON: Investors need more Cable issue details
A welcome development for our capital markets is the recent announcement by Cable Bahamas of its one-for-eights rights offering to its existing shareholders.
‘Quality shoppers’ biggest challenge for Bay St retail
Major Bay Street merchants yesterday said had few complaints over the duty-free shopping scheme implemented last August, although one retailer said attracting high-quality visitors willing to spend in the downtown area remains a “serious challenge”.
‘Vociferous’ concern on VAT bi-annual file end
The Government has made good on promises to eliminate bi-annual Value-Added Tax (VAT) return filings, amid “very vociferous” concerns expressed by small and medium-sized businesses (SMEs) about the increased administrative burden that will result.”
Bran’s family firm: ‘Enormous loss’ in Drug Plan switch
The Democratic National Alliance’s (DNA) leader yesterday revealed that his family’s pharmacy business had “lost all kinds of money” over the past two months because the National Prescription Drug Programme’s (NPDP) terms had been changed without warning.
Gov’t urged: ‘Force’ Baha Mar’s auction
An ex-Baha Mar director yesterday urged the Government “to force” the Chinese to auction the $3.5 billion project off to the highest bidder, adding: ‘Gentle nudging ain’t working.”
