PM moves to ease Baha Mar dispute
EMPLOYEES of the Wyndham Nassau Resort and Crystal Palace Casino remained on “work-to-rule” yesterday as hotel union and Baha Mar executives met with Prime Minister Perry Christie and Labour Minister Shane Gibson for a second day over the resort’s planned September closure and voluntary separation offer to employees.
Minister to ‘hammer out’ Act reforms with Gov’t partners
LABOUR and National Insurance Minister, Shane Gibson, said yesterday that he plans to sit down with employer and trade union representatives to “hammer out” the proposed reforms to the country’s Employment Act, once he receives detailed feedback from the employers.
Employees reject 20% City Markets severance offer?
A FREEPORT-based attorney said yesterday he may seek the Supreme Court’s assistance in the disbursement of monies owed to former City Markets employees, amid suggestions that staff had rejected an offer to receive 20 per cent of the severance pay due to them.
Alleged $22m PI fraudster served via DPM’s law firm
Receivers have been forced to serve legal proceedings on a Paradise Island resident accused of committing a $22 million fraud via Deputy Prime Minister Philip Davis’s law firm, Tribune Business can reveal, as they seek to recover $7.1 million allegedly transferred to the Bahamas.
$1.3m to upgrade five units ‘crucial’ for Bahamas trade success
Some $1.295 million in financing from the Inter-American Development Bank (IDB) is aiming to upgrade five new government units “crucial” to the Bahamas’ success in trade negotiations, including the Standards Bureau, competition authority and Intellectual Property Office (IPO).
FamGuard: Downgrade ‘defies logic’
FamGuard Corporation yesterday said A. M. Best’s decision to downgrade the company’s rating “just defies logic”, especially after its mortgage book’s share of total investment assets was reduced by 15 percentage points over a five-year period.
Czechs target $22m of Kozeny’s assets
Controversial Lyford Cay-based financier, Viktor Kozeny, is confronting a ‘ghost from his past’ over moves to enforce a $410 million judgment against him by seizing $22 million held in frozen New York bank accounts.
‘Leading Bin Laden financier on Board at Bahamas bank’
An alleged top financier for Osama bin Laden’s al Qai’da network sat on the Board of a now-defunct Bahamian bank, a US Senate report released on Tuesday reveals.
Fishermen reject ‘open up’ to foreigners call
THE Bahamas Commercial Fishers Alliance (BCFA) yesterday said it is adamantly opposed to allowing foreigners to fish in this nation’s waters, its president telling Tribune Business that the unsustainable methods many foreigners employed would be detrimental to the industry.
$1.3m to upgrade five units 'crucial' for Bahamas trade success
Some $1.295 million in financing from the Inter-American Development Bank (IDB) is aiming to upgrade five new government units “crucial” to the Bahamas’ success in trade negotiations, including the Standards Bureau, competition authority and Intellectual Property Office (IPO).
NAD expands management team with 2 Bahamians
THE Nassau Airport Dvelopment Company(NAD) yesterday announced it has expanded its management team with the additions of Sian Bevans and Tenniel Newton.
CLICO'S ownership of GB firm questioned
CLICO (Bahamas) liquidator has to-date been unable to prove that the insolvent insurer is the ultimate beneficial owner of a Grand Bahama-based building supplies company, threatening his ability to sell this asset for the benefit of creditors.
Contractors fear sector 'tailspin' from act reforms
The proposed Employment Act reforms could send the construction industry “into another tailspin”, the Bahamian Contractors Association’s (BCA) president warned yesterday, adding that they would inevitably increase costs for consumers.
GB Power findings dismissed as ‘fluff’
A well-known retailer locked in a Supreme Court battle with the Grand Bahama Power Company (GBPC) yesterday dismissed the report on its metering/billing practices as “fluff” and a whitewash, although he and the island’s major industrial players would accept a one-third reduction in electricity rates.
Bahamas targets Latin American airlift doubling
THE Bahamas should be able to double airlift from Latin America in two years, the Ministry of Tourism’s director general said yesterday, adding that visitors from the region should grow to nearly 6 per cent of total arrivals in three years.
