Contractors brand concrete supplier shrinkage ‘big blow’
Bahamian contractors yesterday warned that a Grand Bahama concrete manufacturer’s decision to shut down two of its units is “a big blow” for major commercial and infrastructure projects in this country.
Hot Mix’s expansion ‘not connected’ to Gold Rock
Bahamas Hot Mix’s chairman yesterday said the imminent expansion of its Freeport-based concrete and asphalt production capabilities has “got absolutely nothing to do” with a rival supplier’s troubles.
SPAIN’S CLAIM ON SUNKEN TREASURE: Legal battle looms over who has rights to galleon’s fortune
The Bahamas faces a battle with the Spanish government to lay claim to sunken treasure and historical artifacts worth potentially millions of dollars that lie within this nation’s waters.
‘No bang for the buck’: Insurer eases off motor
A Bahamian insurer says it is “shying away” from providing third-party motor coverage because “the bang for the buck is not worth it” when returns are weighed against potential losses.
Hotel union aims to close ‘four of five’ this summer
The hotel union’s president yesterday said it is targeting “by summer’s end” to conclude negotiations on at least four of five outstanding industrial agreements in a bid to ease “tremendous pressure” on workers.
Make Gov’t debt ‘best in country’
A well-known businessman is arguing that the Government’s securities must again become “the best debt in the country” as he hailed the Central Bank’s reversal of its public brokerage services.
Unions hold off on liveable wage push
Trade unions are not pushing to “immediately implement” a livable wage despite The Bahamas’ deepening cost of living crisis, a labour leader affirmed yesterday, saying: “No one wants to kill the hen that lays the golden egg.”
Outgoing Central Bank chief warns on ‘procedural overkill’
The Central Bank’s departing chief enforcer says it is “essential” that The Bahamas continue to beat anti-financial crime regulatory standards but do so without imposing “procedural overkill” on low-risk clients.
Down Home feel sparks a 33% brand expansion
A concept store that aims to provide a platform for Bahamian entrepreneurs to exhibit their wares has increased its brand membership by one-third within months of opening.
No VAT ‘holiday’ makes life harder for building suppliers
A building materials supplier yesterday voiced hope that this year may see another temporary VAT ‘holiday’ so persons can stock up on hurricane supplies even though the Davis administration has given no hint it will reinstate the practice.
Stock split revival with Fidelity ‘on $25m track’
Fidelity Bank (Bahamas) will unveil plans for its long-awaited stock split at next month’s shareholder meeting, its chief executive revealed yesterday, as it eyes a total $17.5m dividend payout to investors in 2022
Expanding law firm: ‘We don’t want to be Starbucks’
A Bahamian law firm says that while its Amsterdam expansion has paved the way for partnership discussions with European and African counterparts, it has no plans to become a “Starbucks” equivalent.
Court: Race ‘sabotage’ worker’s firing justified
The Island School’s former chief administrator, who was fired for bad-mouthing her employer as “a racist and sexist organisation that was willfully breaking” Immigration laws, has had her termination upheld by the Supreme Court.
Fishermen ‘ride out the storm’ of high fuel costs
Bahamian fishermen yesterday said they have no choice but “to ride out the storm” of high fuel prices amid hopes that crawfish prices for the fast-approaching season can provide some offset.
FOCOL chief: Make ‘every possible effort’ on Venezuela relief
FOCOL Holdings chairman yesterday urged the Prime Minister and his government to make “every possible effort” to have sanctions on Venezuela removed as the release of its oil will likely have “a material impact” on world markets.
