Iconic Nassau business at centre of legal battle
A legal battle has erupted among one of Nassau’s most prominent families that centres on a long-standing Bahamian business with a corporate history dating back 60 years to before Majority Rule.
IAN FERGUSON: How to boost productivity without micromanagement
With skilled labour in relatively short supply, thus increasing the need for employers to maximise the productivity of each worker, human development strategies are essential to achieving better results. Micromanaging workers has proven dangerous and counter productive in seeking to increase productivity. People work better in comfortable environments where they are held accountable for the results.
Fund ‘first’ targeting $100m in five years
A Bahamian investment bank yesterday unveiled ambitions to “make a massive difference” for the economy by growing the country’s ‘first-ever’ private equity fund to $100m within five years.
Vendors voice cruise port fears despite rent waiver
Nassau Cruise Port yesterday said it had waived the first year’s rent for its marketplace tenants to help grow their businesses after several complained about the cost and lease terms they must sign up to.
Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
Investor’s $2.2m San Sal hotel claim ‘unenforceable’
A US investor’s $2.239m claim against the family owners of a well-known San Salvador resort has been branded as “unenforceable” by a Supreme Court judge and rejected in its entirety.
BPL hikes ‘blow up’ Abaco living costs
Abaco business owners yesterday revealed their electricity costs more than doubled in just one month as Bahamas Power & Light’s (BPL) fuel cost recovery strategy consumes an ever-increasing share of corporate cash flows.
Authentic Bahamian goods sales struggle
VENDORS at the Nassau Cruise Port have been having difficulty in promoting and selling authentically Bahamian products, it was asserted during a press conference held by the Trade Union Congress (TUC) yesterday.
Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
Lobster season fears over boat registration fee reform
Bahamian fishermen were yesterday “eagerly awaiting” promised revisions to the over “ten-fold” increases in annual boat registration fees amid fears the reforms will not take effect before lobster season’s August 1 start.
Contractor chief: Stop Heads of Agreement ‘blank cheques’
The Bahamian Contractors Association’s (BCA) president yesterday demanded that the Government stop giving developers “a blank cheque” to bring in foreign contractors and workers amid the latest British Colonial/Pointe controversy.
Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
Soaring water demand squeezes bottle supply
Water suppliers yesterday said they are running out of one-gallon bottles as quickly as they restock since the extra hot summer means consumers are demanding “way more water”.
Bahamas bank’s account seized over $58.5m ‘pig butcher’ scam
A Bahamian financial institution yesterday asserted it “has been proactively co-operating” with a US Secret Service probe that seized its bank account on the basis that $58.465m in fraud proceeds were laundered through it.
Greenhouse farming to launch in August
A Cabinet minister yesterday said the Government’s greenhouse farming initiative is set to launch before the end of August 2023.
