Bran: Price control switch ends pharmacy ‘beating’
The Democratic National Alliance’s (DNA) former leader yesterday gave “thanks to God” that the pharmaceutical industry’s lower-margin price control regime has ended, adding: “We took a little bit of a beating on that.”
Union leader targets liveable wage talks within two years
A trade union leader’s call for livable wage talks to begin by 2025 was yesterday met with scepticism by private sector representatives who argued that such a move will “only put businesses further under”.
Bahamas saves 25% of FTX assets from ‘dumpster fire’
FTX’s implosion was yesterday branded a “dumpster fire” as it was revealed that 25 percent of recovered international digital assets are in the Bahamian Securities Commission’s safekeeping.
Roadworks-hit businesses seek Gov’t ‘follow through’
Village Road businesses were last night said to be awaiting “follow through” by the Government after the two sides met on Monday to discuss their proposal for roadworks relief and compensation.
Bahamian distillery eyes ‘robust’ 2023
A BAHAMIAN rum producer yesterday said business is “definitely up” compared to pre-COVID levels and is predicting a “robust” 2023 performance.
Pharmacies waiting on price control impact
BAHAMIAN pharmacies yesterday said it was too early to determine the financial impact after three-month, lower-margin price control regime came to an end.
$170m project must stop Exuma’s south ‘dying out’
EXUMA’S private sector says the $175m Torch Cay project is urgently needed to prevent the island’s southern end from “dying out”.
BAIC deal’s pay terms will not be retroactive
THE Bahamas Agricultural and Industrial Corporation’s (BAIC) newly-signed industrial agreement with the union representing its line staff will not be made retroactive to cover the five-year negotiating period, officials said yesterday.
Hot Mix and CFAL’s chief in GB airport bid
A well-known Bahamian contractor and local financial analyst were yesterday said to have partnered on a bid to transform Dorian-ravaged Grand Bahama International Airport.
FTX’s Bahamas liquidators beaten to $143m by DOJ
The bid by FTX’s Bahamian liquidators to take control of $143m held in US bank accounts was rendered “moot” - at least temporarily - after the assets were seized by the US federal authorities.
GB airport not enough for ‘diamond in rough’
A hotelier yesterday said “it’s about time” that the “diamond in the rough” which is Grand Bahama gets polished as he warned that fixing the island’s airport will not be a cure-all for its multiple challenges.
Developer: ‘All this waiting is Bahamians not working’
A Bahamian businessman is hoping work on a $63m New Providence real estate development can start this month, adding: “All this waiting is persons not working who could have jobs.”
Finlaysons fail to escape $2.8m loan default liability
A prominent Bahamian businessman and his son yesterday failed to escape paying the outstanding $2.763m balance on a defaulted loan that was secured on their high-end yacht.
Stop ‘abandoning’ Budget projections
The Government must “stick to” its fiscal forecasts and stop treating the Budget “as an annual exercise” if it is to build much-needed investor confidence, a Bahamian banker is warning.
Western Air ‘implores’ overflight fee peace
A Bahamian airline is “imploring” the Government and its US counterparts to resolve their overflight fee dispute without impacting its ability to fly to America and “unreasonably disadvantage” its business model.
