Mobile auction delayed again
The arrival of a second mobile provider in the Bahamas has been further delayed, Tribune Business can reveal, after the final phase of the selection process was postponed yet again.
Hawksbill tinkering ‘cancer to Freeport’
A well-known QC yesterday described the uncertainty created by the Government’s constant tinkering with the Hawksbill Creek Agreement as “a cancer to Freeport’s business environment and population”.
Labour laws need ‘complete revamp’
The Trades Union Congress (TUC) president yesterday called for a “complete revamp” of key labour legislation because employers were now insisting on the “letter of the law” with respect to union and industrial agreement registration.
Union slams Melia’s ‘complete disregard’
The hotel union’s secretary-general yesterday accused the Meliá Nassau Beach Resort of demonstrating “complete disregard” for it, and described its actions as “reprehensible at least”.
Government hits at ‘fishing expedition’
The Government had suggested that 14 Freeport-based companies were engaged in “a fishing expedition” in their challenge to new and increased taxation, describing their interrogation demands as “oppressive” and “intrusive”.
Contractors sign deal with Chamber
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) and the Bahamian Contractors Association (BCA) yesterday signed a Memorandum of Understanding (MoU) to formalise their relationship and expand collaboration and co-operation.
Baha Mar reverses 50% Quality sales rise forecast
Baha Mar’s woes have turned expectations of a 50 per cent sales increase at Quality Supermarkets’ Cable Beach store into an actual 10 per cent decline, its owner lamenting the “psychological blow” to consumers and businesses.
Bahamas ‘can’t lose’ over Baha Mar outcome
The Bahamas “can’t lose” in the long-term regardless of who ultimately ends up controlling the $3.5 billion Baha Mar development, a prominent businessman believes.
QC backs judge’s ‘pay to play’ halt on Judicial Review
A Supreme Court judge has been praised for preventing Judicial Reviews becoming “pay to play” litigation, after she dismissed the Government’s ‘security for costs’ demand over the challenge to the Hawksbill Creek Agreement (HCA) review.
Baha Mar liquidators: We won’t submit to Delaware
Baha Mar’s provisional liquidators have warned the Delaware Bankruptcy Court that they will not submit to its jurisdiction, and that they will challenge the “jurisdiction” of its decisions and Orders over them if necessary.
Broker earned $14.5m in ‘ill-gotten’ proceeds
A Bahamian broker/dealer and its principal allegedly earned nearly $14.5 million in “ill-gotten gains” from breaching US securities laws, regulators alleged in court filings this week.
Contractors chief: Gov’t unwilling to protect Bahamians
The Government’s failure to advance long-awaited legislation shows it is not interested in protecting the construction industry for Bahamians, the Bahamian Contractors Association’s (BCA) president said yesterday.
Court must back dismissal of top Baha Mar staff
Baha Mar’s senior management cannot be dismissed by the $3.5 billion project’s joint provisional liquidators without the Supreme Court’s permission, although regular employees can be released “in the ordinary course of business”.
SME Bill’s ‘lack of progress’ motivates Chamber Help Desk
The “lack of progress” made by the Government in enacting the Small and Medium-Sized Enterprises (SME) Development Bill was yesterday said to have “motivated” the Chamber to launch its Small Business Help Desk.
PM: FDI remains ‘engine of growth’
Prime Minister Perry Christie yesterday said foreign direct investment (FDI) would continue to be “the engine of growth” for the Bahamas and rest of the Caribbean, given that the pooling of local capital remained an “ongoing challenge”.
