John Bull exploring Abaco store rebrand
JOHN Bull executives yesterday said the luxury goods retailer was exploring ways to re-brand and renovate its Marsh Harbour outlet, in the hope of reopening it in the near future.
Central Europeans feel crushed by Swiss franc loans
Elvis Constantin Cluci and his wife had planned a second child, their dreams set on a little brother for their 2 ½ year-old daughter. But due to a surge in the Swiss franc that caused the Romanian couple's mortgage payments to rise, not only is another child out of the question but they have had to send their daughter to live with grandparents 100 kilometers (60 miles) away.
Business ‘screams’ confirmed: 40% of workers can’t compete
A Cabinet Minister was yesterday said to have conceded what the private sector has “been screaming about” for decades, having admitted 40 per cent of the Bahamian workforce lacks the education to compete in a “merciless” global economy.
Immigration policy exacerbates worker productivity crisis
The Immigration Department’s “closed door” work permit policies are exacerbating the Bahamas’ productivity crisis, a top private sector executive yesterday warning they were making it impossible for companies to hire the “unemployable”.
Gov’t agrees to build new Cat Island airport
The Government has agreed to build Cat Island’s new international airport, a Cabinet Minister yesterday promising the project was “a priority” and would not suffer any more “unnecessary delays”.
Cat Islanders targeting cruise port for revival
Cat Islanders were yesterday said to be seeking the Government’s help in developing a cruise port and other facilities deemed essential to reviving an economy “in dire straits”.
John Bull closes outlet in Abaco
John Bull has closed its Abaco store, sources familiar with the situation have confirmed to Tribune Business.
‘No VAT rate increase’ promise reassuring
The Tax Coalition’s chairman yesterday said it was “reassuring” to hear government promises that it will not increase the 7.5 per cent Value-Added Tax (VAT) rate in the immediate future, warning that such action could destabilise the economy and reduce disposable income
Fishermen push for mandatory licences
BAHAMIAN fishermen hope the Government “sooner rather than later” will implement mandatory licensing, a leading executive yesterday saying such a move would go “a long way” to regulate the industry and provide a source of revenue for the Government.
Bahamian bank ‘hides’ its $1.5m fraud claims
A Bahamian bank is ‘hiding’ its $1.5 million claim against an alleged international fraud - which it unwittingly helped to promote - behind a nominee entity, it is being alleged.
Customs targets $15m ‘border VAT’ monthly
The Customs Department is forecast to collect an average $15 million per month in ‘border’ Value-Added Tax (VAT), a Cabinet Minister pledging the Government would not increase the 7.5 per cent rate “any time soon”.
Too many forget: ‘Family comes first’
Milo B. Butler & Sons’ president believes too many Bahamians have lost sight of the principle that “family comes first” in today’s ever-more materialistic economy and society.
‘No big improvement’ to $1.3bn bad loans in 2015
The $100 million Bank of the Bahamas ‘bail out’ helped to staunch the industry’s 2014 bad loan bleeding, but “no significant improvement” to this problem is expected in 2015.
‘War’ if inclusive prices stay after VAT rate rise
The Government was yesterday warned it will ignite “a real war” should it insist that ‘inclusive pricing’ be maintained following an increase in the Value-Added Tax (VAT) rate.
Milo B. Butler & Sons targeting rebranding ‘over next 12 months’
The Milo B. Butler & Sons group is targeting a re-branding over the next 12 months to “better reflect our great history”, with its second liquor store the first glimpse Bahamians will get of these aspirations.
