Canada to press PM on Oceania dispute
Canada’s leading Caribbean diplomat is planning to discuss the controversial Oceania Heights development with Prime Minister Perry Christie this month, Tribune Business was told yesterday, with homeowners “astonished” by the project developers’ reasons for rejecting a face-to-face meeting.
Private pension assets drop 39%
OCCUPATIONAL pension fund assets in the Bahamas dropped by 38.6 per cent between 2007 and 2011 due to the recession, a Cabinet Minister said yesterday, adding that the Government’s proposed pension legislation represented a “major step forward” for regulation.
Wendy’s creates 42 jobs with second Carmichael outlet
WENDY’S (Bahamas) has created 42 jobs by opening its second outlet in the Carmichael Road area, expanding its New Providence brand presence to 11 locations with a “dual drive through” concept.
Bahamas needs ‘world class’ IP protection
The Bahamas needs “a world class intellectual property rights system”, a leading private sector executive said yesterday, as the Government unveiled a seven-strong Bill package designed to bring this nation in line with “international best practices” and World Trade Organisation (WTO) requirements.
Port owners subsidising ‘maintain Freeport’ loss
The Grand Bahama Port Authority (GBPA) sustains annual operating losses, and has to be subsidised by its two shareholder families, because the costs of maintaining Freeport exceed its revenue streams.
PM meets workers amid City Markets protests
THE REPRESENTATIVES for former City Markets employees yesterday again met with the Prime Minister in an effort to resolve their struggle to obtain due severance pay and benefits issues from their former employer.
Sandals hails Bahamian landscaper’s promotion
Sandals Emerald Bay is celebrating the promotion of Duvann Munroe as its first Bahamian assistant landscaping manager.
ART OF GRAPHIX: The skills designers are required to master
Do you want to be a professional and make a career of graphic design?
Gov’t urged: ‘Outsource’ property tax collection
The Government was yesterday urged to ‘outsource’ real property tax collection to the private sector, a well-known businessman suggesting it was almost ‘uncollectable’.
Port urged: Account for $8.5m ‘development’ funds
The Grand Bahama Port Authority (GBPA) was yesterday urged to account for the $8.5 million in ‘economic development promotion’ fees it has extracted from Grand Bahama Power Company (GBPC) over the past 17 years, an MP also suggesting that the latter’s customers were “getting the short end of the stick”.
Dismay at Spotless Cleaners’ closure
EMPLOYEES at Spotless Cleaners, the dry cleaning chain, were yesterday left without a job work as the company announced the permanent closure of all 10 Nassau locations.
Venture Fund targets $1.5m funding in '13
The Government-sponsored venture capital fund is set to receive a total $1.5 million funding injection in 2013, its administrator confirming yesterday that it received the first tranche on Monday.
CWC’s accounting requirement for BTC control ‘not black and white’
A leading Government negotiator yesterday suggested Cable & Wireless Communications (CWC) may not necessarily need to retain a majority 51 per cent stake in the Bahamas Telecommunications Company (BTC) to consolidate the latter’s performance in its overall financial results.
Super Value roadworks losses greater than $15m relief package
Super Value’s president yesterday said the supermarket chain would apply to the Government’s roadworks relief initiative, even though it was likely owed more - on its own - than the total $15 million compensation package being made available.
