Dismissal claim dragged on 12 years
A former Polymers International supervisor has seen his $45,500 wrongful dismissal award upheld despite being in charge when the Freeport-based plant came perilously close to exploding.
Battle 4 Atlantis to give tourism boost
The two Battle 4 Atlantis basketball tournament will bring a combined 7,000 visitors to The Bahamas over the Thanksgiving period, creating “exponential” tourism benefits for the country.
E-commerce usage to surge with ‘familiarity’
A Bahamas-based information technology provider yesterday said e-commerce system usage will increase once companies and consumers become more “familiar” with it.
Port forges crowdfunding partnership with ArawakX
The Grand Bahama Port Authority (GBPA) says it has forged a partnership with the ArawakX crowdfunding platform that will help give the island’s entrepreneurs better access to capital.
Amnesty write-offs ‘discourage’ good property taxpayers
A prominent realtor yesterday warned the Government’s frequent real property tax amnesties “almost discourage compliant taxpayers” from continuing to pay in full and on time.
SuperPlex hopes for 47% revenue return
The Fusion SuperPlex’s principal yesterday said ending COVID emergency orders and curfews could help it regain up to 47 percent of pre-pandemic revenue, adding: “Economic freedom is back.”
Employers, unions unite on extra 90 furlough days
Employers and unionists yesterday both hailed the Government’s move to extend the furlough period by an extra 90 days amid concerns Atlantis may be readying for further lay-offs.
‘We need more from resident billionaires’
The Bahamas “needs a little more than residency” from the multiple millionaires and billionaires that reside within its borders, an accounting firm’s principal is urging.
GB Power seeking $5m ‘base rate revenue’ rise
Grand Bahama Power Company is justifying its proposed rate adjustments by asserting that it needs to increase annual base rate revenue by almost $5m due to recent hurricanes.
KPMG set to analyse Gov’ts multi-billion pension liabilities
The Government was yesterday said to have hired KPMG to analyse how the Government should best structure a contributory pension scheme for new civil service hires.
Shipyard’s $350m expansion to give 2022 economic boost
The Grand Bahama Shipyard’s $350m investment in two new dry docks will provide a much-needed economic boost to the island in 2022, government officials confirmed yesterday.
Renewable provider hails resort’s new solar system
A renewable energy provider yesterday said the system installed at a major Family Island resort will cut its emissions by 95 percent through slashing diesel fuel consumption.
Retailer’s e-commerce portal ‘puts us ahead of competitors’
A major Bahamian retailer yesterday said its e-commerce investment had given the business more “exposure” while allowing customers to shop from the safety of their homes.
Cost cutting critical for debt reduction strategy
Businesses yesterday said government cost-cutting must be a key element in any strategy to put The Bahamas’ public finances in order post-COVID.
Bahamas had to ‘walk and chew gum earlier’
The Bahamas should have “found a way to walk and chew gum” earlier in the COVID-19 pandemic so as to minimise its foreign currency debt hike, an economist argued yesterday.
