MP urges revised pension legislation
BAMBOO Town MP Renward Wells yesterday reiterated calls for the Government to enact legislation regulating the pensions industry, arguing that retirement savings plans must be contributory with employees able to transfer them between jobs.
‘A bloody mess’: $17.1m loss sparks new BOB fear
Angry shareholders are losing faith in Bank of the Bahamas (BOB) ability to regain full health, with one describing it as “a bloody mess” following a 73.4 per cent increase in investor losses to $17.148 million.
Super Value fears sandwich via price ‘collision course’
Super Value’s owner says the Value-Added Tax (VAT) Unit and Price Control are “on a collision course”, and fears his business will be caught “in the middle”.
Skans owners to add several hundred jobs
The owners/operators of Café Skans and Olives Meze Grill plan to create several hundred jobs by opening five eateries at Baha Mar and another in Harbour Bay, telling Tribune Business their employee count will ultimately hit close to 400.
Cafe Skans set for cruise ‘reinvention’
Café Skans’ owners/operators are aiming to ‘reinvent’ the Bay Street eatery as an outdoor café to cater more to a cruise visitor clientele, telling Tribune Business that downtown Nassau and how it functions needs to be addressed so food and beverage businesses can survive.
FINCO rejects 90% of Gov’t home applicants
Royal Bank of Canada’s (RBC) mortgage lending arm rejected 90 per cent of applicants seeking loans to purchase government homes, a Cabinet Minister has revealed.
Business Licence cut plugs ‘one little leak’
Super Value’s owner says he “jumped for joy” over the top-rate Business Licence cut, describing it as akin to “plugging one leak” amid concerns over rising crime and living costs.
‘Sense of entitlement’ undermines economy
A misguided “sense of entitlement” has undermined Bahamian productivity and competitiveness, a top private sector executive yesterday warning there was “no merit” to growing the economy unless locals benefited.
PM ‘two hats’ give overly-optimistic economic outlook
The Prime Minister’s ‘wearing of two hats’ is delivering an overly-optimistic economic outlook, as key indicators fail to justify his forecasts “just yet”.
Minister: Bahamas failing to ‘maximise benefits’ from FDI
A Cabinet minister yesterday warned the Bahamas was failing “to maximise the benefits” from all the foreign direct investment (FDI) it receives, largely because local businesses and workers were not in position to exploit these opportunities.
Gov’t critic praises ‘impressive’ Budget
A well-known Government critic has praised the Christie administration for so far living up to its Value-Added Tax (VAT) promises, and starting the process to “move the Bahamas away from the fiscal cliff”.
Marinas demand ‘stiffer penalties’ for boat thieves
Bahamian marina operators yesterday demanded “stiffer penalties” for boat thieves, their incoming association president telling Tribune Business the issue was giving the sector a “black eye”.
Setting rhythms in the workplace
Music is said to be the universal language. Somehow bars, notes, chords, rhythms and beats have the ability to transport us into another world and emotional state of being. It influences the way we communicate, and most understand its immense power in causing people the world over to pay attention, receiving messages encrypted in each note and bar.
IMF shows PM ‘too optimistic or misleading’
The International Monetary Fund’s (IMF) Bahamas assessment backs the Opposition’s assertion that the Prime Minister is “overly optimistic or misleading” in his growth projections, its deputy leader said yesterday.
Bahamas must avoid investment incentive ‘race to the bottom’
The Bahamas is seeking to avoid “ a race to the bottom effect”on investment incentives, a Cabinet Minister revealing that this issue is being debated as part of the National Development Plan (NDP).
