Ex-Sky staff pushing for ‘speedy’ hearing
Some 40 former Sky Bahamas employees were yesterday said to be hoping for “a speedy” hearing against the failed airline after the Industrial Tribunal set aside five days to hear their $740,000 claim.
Economist: ‘Be open’ to discuss income tax
The Bahamas “must be open” to discussing “more progressive taxation” reform options that could include a personal and/or corporate income tax, a local economist is arguing.
Brewery’s $1.331m loss exposes COVID fall-out
Commonwealth Brewery yesterday unveiled a negative $11.685m bottom line reversal as full-year 2020 revenues slumped by 28.4 percent due to COVID-19’s economic devastation.
Bran slams Gibson’s ‘amazing’ claim reply
The DNA’s former leader yesterday said the prime minister was “as quiet as a lamb” while slamming the “amazing” response to his law firm’s action against the Water & Sewerage Corporation.
Top soccer chief’s home tied to Cavalier wind-up
The $20m home belonging to the chairman of one of England’s top Premier League soccer clubs has emerged as a potential major recovery source for Cavalier Construction creditors.
Stopover visitors off 100,000 for January
The Bahamas saw January visitor arrivals fall by more than 100,000 or 84 percent, a Cabinet minister disclosed yesterday, with COVID travel protocols set to remain until vaccination levels hit 80 percent.
Next govt urged: Initiate VAT rate, exemption review
The next government has been urged to review both the VAT rate and associated exemptions in a bid to maximise revenue yields and lower the burden on struggling Bahamians post-COVID-19.
Auto dealers brace for 70% orders fall
New car dealers are warning that the government’s tax earnings from the industry will be severely reduced with 2021 orders expected to be up to 70 percent off compared to pre-COVID levels.
BTC goes Bahamian on new top executive
The two Bahamas Telecommunications Company (BTC) trade unions yesterday voiced hope for better industrial relations with appointment of a Bahamian as chief executive once again.
Inflation fears trigger higher treasury yields
ActivTrades
EARLIER in the year many analysts shared their predictions for how we could expect the financial markets to behave in 2021. The very large majority foresaw a continuation of the stock market rally that emerged in the aftermath of the pandemic. The underlying conditions were, after all, expected to remain in place, with protracted dovish monetary policies and robust asset purchase programmes of the main central banks dictating the course of the events.
Derek Smith: Keys to identifying risks posed by finance clients
I recently had the opportunity to sit and discuss the evolving roles of both the compliance officer and the money laundering reporting officer (MLRO) with a group of second-year law students from the Eugene Dupuch Law School.
Banks: 25% never verified Building Code compliance
The Central Bank is urging all licensees to ensure their offices can withstand a Dorian-type Category Five hurricane after 25 per cent said they had never confirmed Bahamas Building Code compliance.
Galleria targets Friday re-open
Galleria Cinemas is targeting this Friday for its re-opening after an 11-month COVID-19 enforced shutdown even though it is still awaiting the formal go-ahead from the Government.
Pub owner: Capacity curb more harmful than curfew
A pub and restaurant owner says capacity restrictions rather than the 10pm curfew are more damaging to his business, adding that a few extra evening hours will do little to improve trade.
Union leader's legal threat on severance pay suspend
A trade union leader is threatening to take legal action over the Government's COVID-related suspension of the Employment Act's full termination pay clauses.
