'Revolt' pledge over BTC outsource claims
A union leader yesterday promised “a revolt” if the Bahamas Telecommunications Company (BTC) tried to outsource even one job, as company insiders suggested there was “a lot of truth” to claims it is planning to move key back office functions offshore.
WTO 'will never' interfere with fiscal reforms
The Bahamas’ World Trade Organisation (WTO) negotiations “will never” interfere with the Government’s fiscal reforms, the Minister responsible indicating the membership push would be delayed if necessary to assist the latter goal.
Bahamas must 'make best case' for itself on bank consolidation
The Bahamas must continue to “make the best case” for itself in the face of continuing industry consolidation, a top financial executive saying she did not subscribe to “the gloom and doom” surrounding recent local downsizings.
Bahamas' salvage licence credibility wearing thin
I represent one of the 18 salvage companies that have applied for an exploration licence since the lifting of the moratorium was announced, and paid the required Government fee of $1,000.
Food retailers urged: Make price control case
The Bahamian food retail industry was yesterday asked to ‘make the case’ for an increase in its price control margins, a senior industry executive conceding that the restrictions were “not going to go away”.
Bahamas Realty in top network award
Bahamas Realty has received a Member Achievement Award from Leading Real Estate Companies of the World (LeadingRE), a global network of more than 500 top real estate firms.
The unknown plight of the Bahamas' 77%
Two weeks ago in this column, I wrote: “Recently, the local press carried stories about growing unrest at the Central Bank of the Bahamas. Apparently, management at the Central Bank is trying to restructure pension arrangements so as to ensure a more sustainable plan going forward.
Baha Mar 'absolutely confident' on opening
WITH only several months to go before the targeted opening date, the $2.6 billion Baha Mar development is continuing to make “very good progress”, a senior executive telling Tribune Business he was “absolutely confident” the development would meet its December 2014 opening deadline.
Receiver 'perplexed' by court's verdict
A well-known accountant has described a Supreme Court judge’s decision to remove him as the receiver for a multi-million dollar Abaco resort/marina development as “baffling and perplexing”, adding that the verdict was “detached from reality”.
VAT 'straw to break back' of food retail
Food prices would have increased by more than 7 per cent under a 15 per cent Value-Added Tax (VAT), with a sector body warning this tax in any form will be the “straw to break the back of our industry”.
Bahamas potential 'centre of choice' on cruise disputes
The Bahamas has “a very good chance of being the arbitration centre of choice” for the thousands of employment-related claims generated annually by cruise ship crews, an industry expert believes.
IDB: Gov't 'failing' on public finances, tenders
The Government’s financial management systems do not provide “value for money” on public procurement, and fail to co-ordinate its Budget with payroll, having reached capacity.
Bahamas needs 'right people' for arbitration hub success
THE Bahamas must have “the right people” with the required knowledge and expertise if it is going to be taken seriously as an international arbitration hub, an international believes.
KRyS bolsters Bahamas office KRyS bolsters Bahamas office
KRyS Global, the insolvency and forensic accounting specialist, has added Michael Schulz to its Bahamas office.
New banking entrant eyes 'legacy' boost
THE co-founders of a newly launched private bank believe it is “well-positioned” to emerge as a leader among boutique institutions in the next few years, telling Tribune Business they hope to distinguish themselves in investment performance and execution.
