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Skills woes threaten ‘backbone of society’

The “backbone of Bahamian society” is under threat from the high unemployment and skills gaps undermining the 20-something generation, with AML Foods’ top executive warning: “We all have an obligation to fix this.”

Relays to generate 1,500 room nights

More than 1,500 room nights will be generated by visiting athletes and support staff for the upcoming International Association of Athletics Federations (IAAF) World Relays, officials yesterday telling Tribune Business the event was likely to match last year’s $20 million economic impact.

The volunteer spirit will pay dividends

Our nation last week seemed to place much emphasis on the gifts and talents of Bahamian youth.

Minister hopes to ‘establish’ Environmental Protection Act

A Cabinet Minister says he hopes an Environmental Protection Act (EPA) will be “firmly established” and legislated within the Christie administration’s term in office.

SEC hits at broker’s ‘whack-a-mole’ game

US federal regulators are urging the southern New York courts to prevent a Bahamian broker/dealer and its principal from playing “a game of whack-a-mole” with their obligations to testify against other defendants.

Wynn Group proposes $65m Goodman’s Bay development

A CANADIAN real estate conglomerate has proposed the development of a $65m condominium hotel near Goodman’s Bay, which is projected to create 200 construction jobs and a further 150 permanent jobs.

Dorsett: Govt to bring regulations after Rubis spill

ENVIRONMENT and Housing Minister, Kenred Dorsett, said yesterday that the Government was committed to introducing regulations that would govern the currently unregulated ‘downstream’ petroleum sector.

Bahamas still in demand as a destination, says NAD chief

IT IS critically important that the Bahamas as a tourist destination strikes the right balance in terms of its cost and the degree to which costs can be adjusted to be more competitive, according to Nassau Airport Development Company (NAD) Chief Executive Vernice Walkine.

Consumer-generated energy scheme moving closer

THE government is moving closer to kicking off its residential self generation programme according to Environment and Housing Minister Kenred Dorsett, who told Tribune Business yesterday that representatives from the Carbon War Room (CWR) will be in New Providence next week to help finalise the registration forms.

ART OF GRAPHIX: Giving potential designers the full career picture

Job titles can be a confusing way to navigate the employment market.

Sustained demand key to Nassau flights additions

AIRLINES are committed to “absolutely” adding additional flights to the Bahamas as long as there is “sustained demand” for the destination, the Nassau Airport Development Company (NAD) Chief Executive said yesterday.

NAD fiscal position 'stable' says CFO

NASSAU Airport Development Company (NAD) saw total revenues of $71.5m in its 2014 fiscal year, an increase of $7.2m over the previous year, its Chief Financial Officer yesterday describing the airport operator’s fiscal position as stable.

VAT systems face 'real test' as businesses advised to file early

THE 5,600 and more quarterly Value-Added Tax (VAT) filers will provide a “real test” of the VAT Department’s systems, a Task Force co-chair said yesterday. He urged businesses to avoid the last-minute rush and file their returns before the April 28 deadline.

Colonial approved as eighth BISX Sponsor Member

THE Bahamas International Securities Exchange (BISX) yesterday announced that Colonial Pension Services (Bahamas) Ltd has been approved as the eighth BISX Sponsor Member.

MP Gregory Moss opposed to Real Property Tax exemption

Marco City MP Gregory Moss is emphatically opposed to the extension of real property tax exemption in Freeport, saying Grand Bahama stands to gain some $50 million per annum in real property tax revenues alone from the industrial sector.