Gladstone businesses fear roadworks impact
Gladstone Road businesses yesterday voiced concern over whether customers will still have sufficient access to their enterprises both during and after the upcoming $29m, two-year road improvement project.
Bank to ‘double’ dividend on pre-Dorian profit return
Commonwealth Bank will this month “double” its quarterly dividend payment, and return more than 27 percent of year-to-date profits back to shareholders, as it forecasts returning to pre-Dorian annual profits of $50m-$60m for 2022.
Court asked to decide Cavalier’s $54k VAT bill
The Supreme Court will be asked to determine if a Cavalier Construction affiliate must pay an outstanding $54,161 VAT bill owed by the insolvent contractor, it has been disclosed.
Politicians urged: ‘Preach the lessons’ of hard work
The Bahamas is suffering from “a shortage” of political leaders who “preach the lessons” of hard work as opposed to offering hand-outs and giveaways, an outspoken businessman is arguing.
Pigs out as Adelaide planning appeal looms
A Bahamian entrepreneur yesterday pledged that swimming pigs will “not be part” of his Adelaide-based tourist attraction as he prepares to battle the authorities’ rejection of a proposed beach bar and grill.
DEREK SMITH: Take data privacy in all its forms seriously
FINANCIAL institutions are facing a growing level of scrutiny from regulators, and this looks set to continue. And, when a financial institution conducts operations in more than one jurisdiction, complying with ever-evolving data privacy regulations can be challenging.
Central Eleuthera water ‘blowout’ woes resolved
THE Water & Sewerage Corporation’s general manager says the “flange blowouts” that disrupted supply to central Eleuthera for between a week to ten days have now been resolved.
Decency and stock markets
ActivTrades
Decency and stock exchanges are two different things. If you did not know that yet, you could see it again this week. The Queen dies and what are the stockbrokers doing in the City of London? Still trading stocks as if nothing happened. At least they could have offered a reasonable discount. A black Friday would have been a sign. But what does the FTSE 100 stock index do? Closes with a comfortable gain of more than 1.5 percent. A thoroughly cheerful trading day.
Cruise spend ‘antibiotics’ set for December launch
The Ministry of Tourism plans to launch the “antibiotics” that will help cure low cruise visitor spend in downtown Nassau by December 1, a top tourism executive disclosed yesterday.
Bimini Bay’s developer overturns $600k award
Bimini Bay’s original developer yesterday overturned an almost-$600,000 damages award against it for negligence relating to the theft of a boat from its marina more than 13 years ago.
Labour chief: Over 1,200 jobs found for Bahamians
The Government’s labour chief yesterday disclosed that more than 1,200 Bahamians have found jobs since it launched ‘Labour on the Blocks 2.0’ in May, with several hundred more recruits sought imminently.
Canadian banks charging highest late payment fees
The three Canadian-owned banks charge the highest fees for late mortgage and credit card payments, it has been revealed, with all bank levies decreasing during the 2022 first half due to the VAT rate cut.
Egg-static: Price hikes phased in
Super Value’s principal yesterday gave struggling consumers some relief by revealing there will be no “sudden” rise in egg prices as the projected 60 percent increase will instead be phased-in between now and Christmas.
Queen’s passing shows importance of succession
The passing of Queen Elizabeth II has thrown the British Royal Family into transition and change.
Superplex cuts staff 25% in $3m ‘survival’ package
The Fusion Superplex yesterday said its workforce has been reduced by 25 percent compared to pre-COVID levels as part of a $3m cost savings package “critical to our survival and keeping on the lights”.
