Chamber chief urges rethink on minimum wage and breadbasket
Grand Bahama’s Chamber of Commerce president yesterday urged the Government to eliminate VAT on “breadbasket” food items to counter soaring inflation and delay a minimum wage increase.
Kanoo ‘100% vindicated’ over Health Travel Visa
A Bahamian digital payments provider yesterday said it had been “100 percent vindicated” by the Auditor General’s findings on the role it played in the Health Travel Visa initiative.
Used car dealer absorbing 50% of price hikes
A Bahamian used car dealer yesterday revealed just 50 percent of the price hikes he has experienced on Japanese vehicles have been passed on to local consumers.
Judge paves way for new Water Corp union election
The Supreme Court has paved the way for new elections at the Water & Sewerage Corporation’s line staff union after dismissing a fresh challenge to the decision not to certify the original poll.
Fidelity’s ‘ace in hole’ on $25m profit target
A BISX-listed bank has an “ace in the hole” when it comes to hitting its $25m profits target for 2022, its top executive revealed yesterday.
IAN FERGUSON: Why companies benefit from hiring consultants
Consultants can provide expertise and an objective eye in helping to guide a business, with different consultants specialising in various industries and areas. These include strategy and management, operations, human resources, finances, funding opportunities, IT, tourism, hospitality and sales and marketing.
Retailers switch to bulk buying in inflation fight
Bahamian retailers yesterday said they are employing bulk buying and various other strategies to mitigate rising inflation and goods prices.
Consumers urge action to ease inflation’s effect
Consumers yesterday called for the Government to increase the minimum wage and remove VAT from breadbasket items to ease the pain inflicted by inflation-busting price hikes.
Hatchet Bay gets packing
A Cabinet Minister yesterday said the packing house in Hatchet Bay, Eleuthera, will be re-opening today.
BOB defeats ‘irregular’ $6m default judgment
Bank of The Bahamas yesterday emerged victorious in one of its two “highest risk” legal battles after a $6m default judgment against it was found to have been “irregularly” obtained.
Health Travel Visa ‘worked bloody well’
A former tourism minister yesterday asserted that the Auditor General’s findings proved the Health Travel Visa had “worked bloody well”, adding: “There’s not a penny missing.”
BISX-listed insurer in 37% profit jump
A BISX-listed insurance group yesterday unveiled a 36.8 percent year-over-year profit increase for 2021 as its top executive said it was "time to be cautiously optimistic" after two years of COVID.
Retailer: Price rises ‘hurting our hearts’
The Retail Grocers Association’s president yesterday warned that many merchants would be “forced out of business” by any move to impose across-the-board controls on their margins.
Auditor General hails Health Visa’s ‘vision’
The Auditor General’s Office has hailed the Ministry of Tourism’s “vision and implementation” of the Health Travel Visa despite finding multiple concerns over how the scheme was administered.
Tourism’s ‘very big deal’: 13% of visitors are back
Tourism executives yesterday hailed the re-opening of markets that accounted for up to 13 percent of this nation’s pre-COVID visitor base as “a very big deal for The Bahamas”.
