ATLANTIS 6,000 BACK AT WORK: Staff return to full hours as surge in bookings arrives
ATLANTIS Paradise Island has 6,000 staff members back to work for the holidays as the resort is reporting full occupancy well into the New Year.
Majority of 52 week programme workers placed in private sector
Two thirds of the remaining unposted 52 week programme workers in the public service have been successfully placed in the private sector while the remainder are undergoing training.
FOCOL Holdings announces new promotions to its executive ranks
FOCOL Holdings Limited has announced three top level promotions in its executive establishment.
AG: Several tools added to deal with international requests for exchange of information
The Attorney General has provided an insight on the government’s case management system to help facilitate the management of responses to international requests for exchange of information.
Trading inflation
ActivTrades
THE acceleration in the rise of consumer prices of the last 8 months continues to spread.
‘Slippery slope’: Don’t exploit private aviation
The Bahamas must “nurture rather than exploit” a booming private aviation market that can become increasingly “fickle” if hit with increased taxes, a prominent industry executive is warning.
Court backs regulator’s FBI ‘bait’ broker wind-up
The Securities Commission’s intervention to “nip in the bud” conduct by a Bahamian broker/dealer once used as FBI “bait” was yesterday vindicated by a Supreme Court judge.
Insurers ‘trying to hold line’ on rate increases
Bahamian insurers yesterday warned businesses and homeowners that premium prices are again coming under “upward pressure”, with one pledging: “We’re trying to hold the line.”
Innovation Centre will benefit 1,500 students
The Bahamas’ first and “only” Centre of Entrepreneurship and Innovation will develop a business and technology incubator designed to benefit 1,500 students, it has been revealed.
ZNS anchor stripped of $27,500 Scotia award
A ZNS TV anchor has been stripped of the $27,500 damages she won from Scotiabank (Bahamas) after the Court of Appeal found there was “no basis in law” to hold it responsible for her loss.
BOB to expand branch network
Bank of The Bahamas yesterday revealed it plans to buck the industry’s downsizing trend by opening two new branch locations on New Providence by September 2022.
Bahamas provider probed on $77m securities fraud
Regulators are investigating a Bahamas-based financial and corporate services provider that allegedly helped to conceal and transfer proceeds generated by a $77m securities fraud.
Nassau airport loss up 8-fold to $37.4m
The Nassau Airport Development Company’s (NAD) net loss rose more than eight-fold to $37.396m for the year to end-June 2021, exposing the full extent of COVID’s devastating travel impact.
THE GREAT RETURN: Airport to be swamped with arrival of 6,000 passengers on Saturday
The Bahamas’ major aviation gateway is confident it can escape another debt default waiver as it readies for “numbers we’ve not seen for two years” with 6,100 arrivals anticipated this Saturday.
HUBERT EDWARDS: Reigniting the debate on Bahamian taxation
The Bahamian taxation debate is reigniting. The country faces a narrow, and not so clear, path, but will have to confront its taxation regime soon.
