Prospects for 21% pension cover improvement 'not high'
The prospects of improving the Bahamas’ dismal 21 per cent pension coverage ratio are “not very high” because proposed legislation does not make participation mandatory, a senior private sector official yesterday adding it was “not the right time” to bring the Bill forward.
Airline eyes move to 100% domestic routes
A Bahamian airline yesterday said it may switch to a 100 per cent domestic route itinerary in a bid to keep all its 122 staff employed, although it had “not yet” received the Government response it was seeking to a ‘partnership’ proposal.
Owners urged: 'Stop maligning Bahamas' name'
Disgruntled homeowners at the development that sparked a Canadian government warning were yesterday urged to stop “maligning the good investment name of the Bahamas” and devaluing their properties, with the developers’ attorney calling for a negotiated settlement to any alleged grievances.
BTC to Gov't: Stick to existing cellular liberalise timetable
The Bahamas Telecommunications Company (BTC) ha “no problem” with opening up the Bahamian cellular market to competition provided it takes place in accordance with the timetable set out when it was privatised, Tribune Business was told yesterday.
NIB exemption called for over roadworks
The Government was yesterday urged to exempt all businesses impacted by the New Providence Road Improvement Project from their 5.9 per cent share of National Insurance Board (NIB) contributions for a year, with some describing the proposed micro loan and BEC concessions as “meaningless”.
BFSB chief defendsBahamas' position
THE Bahamas Financial Services Board’s (BFSB) chief executive says a recent report showing the US was among world leaders for incorporating ‘untraceable shell’ companies “unequivocally disabuses the view that small international financial centres are loosely regulated”.
Sandals praised for tourism investment
THE Minister of Transport and Aviation has praised Sandals Resorts International for its confidence and investment in the Bahamas, helping the tourism economy to thrive.
Bank opens new Carmichael branch
BANK of the Bahamas International has officially opened the doors to its brand new Carmichael Road branch this week.
Circus comes to townat the Big Game Resort
THREE circus performers sponsored by La Station Vaudreuil, a non-profit organisation working with artists in residence for the Cirque du Soleil (CDS) and the Montreal National Circus School (MNCS), will be showcasing their unique talents under ‘The Big Top’ at the Bimini Big Game Club Resort & Marina over Christmas and the New Year.
Bahamas Waste shrugging off' squeeze' via 100% profit rise
Bahamas Waste yesterday expressed confidence it would generate a 100 per cent net income increase for the 2012 full year, despite experiencing a margin increase caused by key equipment costs more than doubling.
'I wouldn't tell anyone to go into business'
The New Providence Road Improvement Project’s impact has been “severely damaging” to the Bahamian entrepreneurial spirit, one businessman telling Tribune Business yesterday: “I wouldn’t tell anyone to go into business.”
NAD suffers $13.94M bottom line reversal
Despite suffering a $13.941 million bottom line reversal that dropped it to a net $6.172 million loss for its 2012 financial year, the Nassau Airport Development Company’s (NAD) chief executive said it was still creating “an ideal gateway for the Bahamas”.
Gov't urged: 'Purchase' closed roadworks firms
The Government needs to ‘purchase’ companies forced out of business by the New Providence Road Improvement Project at fair market value, a private sector spokesman suggested yesterday, estimating that over 1,000 Bahamian firms had been impacted.
New Fresh Market 'beats' predecessor's first day sales
AML Foods yesterday said its new Solomon’s Fresh Market store at Harbour Bay exceeded the first day sales achieved by its western New Providence counterpart, its chief executive anticipating that a further five-10 staff will need to be hired.
'Pay attention' to my father's lessons
My father’s name was David Rahming. He passed away in 2007 at the age of 65 from a heart attack. It must have been a big one, because he had a big heart...
