Just 72% of vendors back to Straw Market
Just 72 percent of straw vendors are returning to the re-opened Bay Street facility, it was revealed yesterday, representing a 140-person decline from pre-COVID levels.
Winder stepping down as Commonwealth chief
Commonwealth Bank’s president, Raymond Winder, is stepping down to be replaced by the BISX-listed institution’s chief operating officer, Tribune Business can reveal.
‘Not a dollar back’ in tax arrears deal
An Abaco district council is hoping “the third time” is a charm in persuading the Government to honour an agreement where it has “not got a dollar back” from unpaid taxes it has recovered.
Realtor questions VAT break for ‘rich’ buyers
A realtor yesterday questioned why the Government is effectively giving a break to “rich” overseas real estate buyers while raising VAT on the poor by taxing ‘breadbasket’ food items again.
Cable hails $75m spend for record Internet year
Cable Bahamas says a $75m network investment over the past three years enabled its Internet business to enjoy its “best ever” year during COVID-19’s peak with subscribers hitting 56,000.
Port: No tariff increase as income jumps 48%
Nassau’s major commercial shipping port has no plans to increase tariffs “in the near term”, its top executive has affirmed, after operating income increased by $1m in its 2022 first quarter.
Keynes, Friedman and Stagflation
ActivTrades
Between the end of World War II and the 1970s, mainstream economics was dominated by the ideas of John Maynard Keynes, a British economist.
DEREK SMITH: Make compliance your firm’s strategic partner
It may well be the misalignment between culture and strategy that poses the largest workforce-related risk management challenge.
Sir Franklyn in call for Chamber-ORG merger
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) incumbent chairman has seen off an election challenge to retain her post for a second two-year term.
Higher turkey prices a Thanksgiving turn-off
A food store manager believes increased turkey prices are turning consumers off from Thanksgiving shopping.
Resorts now await Thanksgiving feast
Two Bahamian resorts have provided further evidence of the industry’s post-COVID rebound by disclosing they are “100 percent” occupied, and “beating 2019 numbers”, for Thanksgiving.
‘Cut suit to fit the cloth’: Movie demand off 85%
Galleria Cinemas must “cut the suit to fit the cloth”, its principal asserted yesterday, with consumer demand for cinema showings down “as much as 85 percent” compared to pre-COVID.
Customs officer wins appeal on $30k John Bull watch theft
A Customs officer has seen his four-year sentence for participating in a conspiracy to steal $30,000 of John Bull’s watches quashed as “unsafe and unsatisfactory” by the Court of Appeal.
Chamber leadership election heating up
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) top post is set to be hotly contested tonight amid concerns it is no longer truly serving the private sector’s needs.
Bahamasair’s Cuba, Haiti return covers local ‘shortfall’
Bahamasair’s managing director last night said holiday bookings for travel to the US are producing 60 percent load factors “and climbing”, adding: “Anything is a big boost.”
