AML Foods targets $250 entry level wage growth
AML Foods yesterday said it will increase entry level wages to $250 per week by next year while aiming to retain 75 percent of its existing workforce.
Auto dealers to seek price control freedom
The Bahamas Motor Dealers Association’s (BMDA) president says the industry plans to address “the very outdated policy” of price controls with the Government, adding: “We need to let it go.”
Bahamas First profiting in year-end turnaround
Bahamas First yesterday revealed it overturned a near-$1m loss for the first nine months of 2021 with a strong finish that left annual profits just 10 percent down on prior year levels.
Planning law reform urged for better buyer protection
Attorneys yesterday argued that The Bahamas’ most important planning law should be reformed to provide greater protection for buyers of lots in unapproved subdivisions.
Hotels chief calls for COVID mask rethink
A prominent hotelier yesterday urged the Government to consider relaxing COVID mask mandates in resorts and other tourist amenities where the majority of persons are fully vaccinated.
Bahamas urged: Be ‘more like’ Florida in COVID ease
A Bahamian restaurant proprietor yesterday argued that this nation needs to be “more like” Florida and eliminate all COVID-19 protocols if the sector is to fully recover from the pandemic.
Minister ‘disavows’ $7m warning to civil servants
A Cabinet minister was yesterday said to have “disavowed” a Ministry of Finance statement that warned that last week’s sick-out by finance officers could cost their fellow civil servants some $7m.
Ex-Bacardi plant in ship repair potential
A multi-million dollar New Providence boat/yacht repair facility is just one of the investments that can be unlocked by a property “that doesn’t exist anywhere else in The Bahamas”.
PI investor ‘pressing on’ with $3m raising
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island is “pressing on regardless” with efforts to raise $3m to fund his ambition.
A dangerous stand-off
ActivTrades
The last couple of years certainly have not been boring, at least in the sense implied by this old Chinese proverb: May you live through interesting times.
Bahamian firm seeking to recover $77m from fraud
A Bahamian financial institution is awaiting a $77m recovery after falling victim to an alleged fraud involving an investment fund whose “chairman” is a Freeport accountant.
DEREK SMITH: Anti-financial crime regime strengthens Bahamas’ hand
More than $30bn in sanctions have been levied against financial institutions by regulators across the US, Europe, Asia and Latin America since 2008 for violations of anti-money laundering, Know Your Customer (KYC) and other laws and regulation.
Wholesaler: ‘Nothing came out’ of PM meet
A Bahamian wholesaler says last week’s meeting with the Prime Minister yielded little in terms of concrete measures to combat surging inflation as the situation is outside The Bahamas’ control.
No COVID slowdown for dodgy financial dealings
COVID-19 did not slow down questionable activities within the Bahamian financial services industry, it has been revealed, with suspicious transaction reports increasing by 26 percent in 2020.
Kanoo ‘confirmation’ one day before Visa’s launch
A Bahamian digital payments provider says it received “written confirmation” from the Ministry of Tourism to open an account for the Health Travel Visa just one day before tourism’s re-opening.
