Insurers bracing for ‘significant profit pressure’
A top insurer yesterday warned that the industry was set to face “significant pressure” on profits, with his company unable to “rest on our laurels” despite achieving the sector’s highest possible ratings.
Mid-Year Budget mum on $1.5bn ‘titanic iceberg’
A top accounting firm yesterday said the Government’s mid-year Budget statement had effectively ignored the growing $1.5 billion public sector pension fund deficit, despite projections showing it will hit “unsustainable” levels within less than 10 years.
KPMG says Gov’t spending ‘far greater than needed’
The Government’s $1.823 billion recurrent spending Budget is “far greater than it should be” when set against the services it is delivering to the Bahamian people, a top accounting firm is arguing.
Landfill manager to add 70 more workers
The New Providencelandfill manager yesterday said it expects to add an extra 70 persons to its payroll by summer to work in its new $4 million recycling facility.
KPMG: Crime ‘catastrophic’ for economy if unchecked
Crime will be “catastrophic” for the Bahamian economy if it continues to grow unchecked, with a top accounting firm calling for a complete overhaul of the education and security/justice systems to combat it.
BTC union moves for strike vote
Bahamas Telecommunications Company (BTC)employees yesterday staged a sick-out in protest at plans to cut up to 150 jobs, with the union representing its line-staff indicating it has applied for a strike vote.
Sandals surprised at 1,000 job fair turnout
Sandals Royal Bahamian yesterday said it was ‘surprised’ by the turnout of more than 1,000 persons seeking jobs with the resort.
Gov’t targets LPG price reduction
The Government was yesterday said to be “definitely considering” reducing the cost of price-controlled liquefied petroleum gas (LPG) or cooking gas, amid dealer concerns that such action makes no sense.
Fiscal Responsibility cannot ‘box in’ Gov’t
Fiscal Responsibility legislation will not work if it seeks to “box in” the Government, a leading QC warned yesterday, while noting that such laws worked best in countries with similar governance structures to the Bahamas.
BTC wanted to cut 200 jobs pre-Xmas
The Government intervened to prevent the Bahamas Telecommunications Company (BTC) laying off some 200 staff before Christmas, forcing the company to delay the process until the New Year.
Top QC: Reduce debt ratios to pre-crash level
A top QC yesterday warned it was vital that the Government allocate a “significant amount” of tax revenues to paying down the $6 billion national debt, arguing that its priority had to be reducing the debt-to-GDP ratio to pre-2008 recession levels.
FNM deputy leader: Will best bidder win mobile licence?
The FNM’s deputy leader yesterday expressed concern over whether the ‘best bidder’ would necessarily win the second mobile licence, given the Government’s “vested interest” in ensuring the Bahamas Telecommunications Company (BTC) survives.
ART OF GRAPHIX: Get the message on who you are
So, you have a business and are ready to push your branding and marketing efforts out online, yet you hardly understand the difference between both. You are not alone, because there are many marketing employees who are still challenged with both platforms.
FNM deputy: ‘No one satisfied’ with BTC
The Opposition’s deputy leader yesterday said the Bahamas Telecommunications Company’s (BTC) desire to shed another 150 jobs was “not a surprise”, especially given its relatively poor performance post-privatisation.
Gov’t ‘missing forest for trees’ over work permits
The private sector yesterday reiterated its desire to establish a public-private partnership (PPP) with the Immigration Department to assist its work permit policy, amid warnings the Bahamas was “missing the forest for the tree”.
