Gov’t turns down Ginn bid and plan
The Government has rejected a bid to acquire the former Ginn sur mer project, which planned to construct a 28-storey “iconic tower” modelled on Alexandria’s ancient lighthouse, in its present form.
Minimum wage rise better than nothing
Considering the Government’s stated intention to increase the minimum wage from its present $210 to $250 per week, as per its general election manifesto, this article will explore what such a raise would mean for the economy, workers and employers.
Making ethics more than paper pledge
In today’s business environment, brands must deliver first-class services in an agile and flexible manner that is relevant to all consumer demographics, regardless of the threat of disruptions.
DPM unveils ‘authentic product incubation’ plan
The deputy prime minister has unveiled plans to create a “Bahamian product incubation centre” for downtown Nassau by year-end in a bid to address the “shockingly” low number of entrepreneurs selling local, authentic product.
Bahamas to tackle corporate tax demands ‘in near future’
A Cabinet minister has pledged that The Bahamas will address demands for a 15 percent minimum global corporate tax and greater transparency “in the near future”.
Insurers ‘totally in blind’ on Budget tax changes
Bahamian insurers yesterday said they are “totally in the blind” as to how Budget tax reforms will work with “time having run out” to make any adjustments due to the new fiscal year beginning today.
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.
