Building supplier sees '15% a month' growth
COMMONWEALTH Building Supplies (CBS Bahamas) has seen business at its South West Plaza location grow at “over 15 per cent a month” this year, its general manager yesterday confirming the company was shutting down its Robinson Road location that “really caught a beating” during the road improvement project.
Bahamasair 'overstaffed by one-third'
Bahamasair is “overstaffed by about one-third” compared to international aviation industry standards, it was disclosed yesterday, with its payroll and pension scheme also branded “rather costly”.
Bahamas world's fourth largest IFC at $595bn
The Bahamas is the fourth largest international financial centre by assets, it was disclosed yesterday, with the $595 billion held by this nation’s financial institutions equivalent to 96 times’ gross domestic product (GDP).
BEC line union urges two-year tax break
THE Government should consider granting the Bahamas Electricity Corporation (BEC) a two-year tax holiday, the head of the union representing its line staff said yesterday, arguing that this would help the utility monopoly “catch itself”.
'Behaviour issues' generate 65% of employee firings
Almost two-thirds of employee firings in the Bahamas stem from ‘behaviour problems’, an Inter-American Development Bank (IDB) report has revealed, finding that “the lack of skills” among workers is the main barrier to their hiring.
Deposit insurer 'lacks capital' if bank fails
The Deposit Insurance Corporation (DIC) does not have “sufficient equity capital” to compensate Bahamian depositors if a large bank failed, it was revealed yesterday, and has “transparency and disclosure shortcomings”.
Doctors to appear on TV documentary
A procedure that has seen 520 patients treated at Doctors Hospital over the past five years will be featured this summer on a documentary series hosted by talk show host, Larry King.
IMF: CLICO liquidation must be 'accelerated'
CLICO (Bahamas) liquidation needs to be “accelerated”, the International Monetary Fund (IMF) urged yesterday, noting that the Government’s failure to-date to issue its promised $30 million guarantee was increasing policyholder liabilities.
Bahamas must compete intransparency's 'new norm'
THE global financial services industry is shifting to ever-greater transparency, the Financial Services Minister warning that the Bahamas must be committed to competing in this “new normal”.
'Outrage' over City Meat pension transfer
“Outraged” former City Markets employees yesterday vowed to hold “a massive demonstration” on Bay Street in protest at attempts to transfer the defunct supermarket chain’s pension plan trust to a new company.
Financial model requires 'very serious rethink'
The Bahamas requires “a very serious rethink” on the business model for its financial services industry, a leading attorney warning yesterday that the continued push for automatic information exchange and to criminalise tax evasion represented a major “challenge”.
Corporate giants urged: 'Co-exist' with Clifton Bay
The Bahamas Electricity Corporation (BEC) and four other industrial companies have been urged to “co-operate” in developing a plan that will enable them to “harmoniously co-exist” with other users of the Clifton Bay area.
Sanitary trade law consultation 'within next week'
The Government will launch public consultation on its proposed Sanitary and Phytosanitary (SPS) legislation “within the next week”, as it bids to play host to the World Trade Organisation’s (WTO) director-general this June.
Corporate governance 'vital' to family business survival
Good corporate governance will be “critical” for Bahamian family-owned businesses as this nation enters the trade liberalisation world, an attorney yesterday saying this will enable them to better withstand greater competition.
THE ART OF GRAPHIX: How to display the power of connection
Do you know how to set up a display projector? Well, if you wish to display your PowerPoint presentation using a computer projector, then you will need to know how to connect the two.
