‘Almost inhuman’ to extend furlough wait
A trade union leader yesterday argued it was “almost inhuman” to expect already-furloughed workers to hold on for another three months without severance pay due to the COVID emergency’s extension.
Water Corp’s debt to top supplier at ‘all time high’
The Water & Sewerage Corporation’s debt to its main BISX-listed supplier has hit “an all-time high” of $21.7m as COVID-19 continues to erode the government’s ability to prop up the cash-strapped utility.
Bahamas needs 28 cruise tourists for every stopover
The Bahamas now needs to attract 28 cruise visitors to match the spending of one land-based or stopover visitor, the Inter-American Development Bank (IDB) revealed yesterday.
Airline chief eyes 75,000 vaccinated for travelling boost
A Bahamian airline executive yesterday said 75,000 locals need to be fully vaccinated against COVID-19 by September to produce a significant change in domestic travel habits.
‘We’re scapegoats for Mortgage Corp fiasco’
The Bahamas Mortgage Corporation’s legal chief yesterday asserted that she and three other suspended executives are being made “scapegoats” over a probe into “serious irregularities” on home loans.
Banker: Bar’s ‘bad apples’ leading to attorney controls
The Bahamas Bar Association’s failure to properly discipline wayward members is why many banks will only deal with “approved attorneys” for mortgage transactions, a top executive said yesterday.
Super Value chief: ‘Well will run dry’ if taxes increase
Super Value’s president has warned that “the well will run dry” if the government imposes new and/or increased taxes in next week’s budget, adding: “We have to get the economy rolling first.”
Govt not bound’ to renew BPC licence
The government has full legal authority not to renew Bahamas Petroleum Company’s (BPC) oil exploration licences, a major environmental organisation has told the prime minister.
The Rise of NFTs
ActivTrades
THE artistic world has through the years provided many anecdotes that illustrate the subjectivity of the concept of value.
DEREK SMITH: Pipeline ransomware attack exposes threat to Bahamas
The technology landscape has changed dramatically in the last year, making it a constantly shifting and evolving environment. This has tested enterprise risk management (ERM), governance structures and business continuity management strategies like never before. No one could have predicted the impact COVID-19 has had on business, technology and cyber security. What remains evident is that multiple industries lack robust risk management and incident recovery plans, which makes them vulnerable to cyber attacks.
Conch poisoning an Arawak Cay ‘damper’
Recent conch poisoning has placed a “damper” on business at Arawak Cay, with less than 25 percent of vendors presently selling conch salad and other dishes based on the fish.
International wedding leads ‘steadily rising’
The local wedding market is “coming back slowly”, the Bahamas Bridal Association’s (BBA) president has disclosed, although “leads” for international clients are increasing.
BPL races to get $535m bond ‘across finish line’
Bahamas Power & Light (BPL) is racing to get its $535m refinancing “across the finishing line”, its chairman said yesterday, amid growing scepticism over whether the bond issue will actually happen.
BISX-listed fund eyeing first dividend in decade
The BISX-listed Bahamas Property Fund could next year pay its first dividend for a decade if it can capitalise on momentum from a new government tenant to hit a 70 percent average occupancy.
‘No way on God’s earth’ is livable wage $2,625
The National Tripartite Council’s vice-chair yesterday blasted “there’s no way on God’s green earth” that Nassau’s monthly living wage is $2,625 as unions hailed the finding as vindicating their stance.
