Union chief: 'Defer' pay rises for completed industrial deals
A top union leader has suggested that organised labour defer salary and other benefit increases in exchange for employers concluding long-outstanding industrial agreements until the economy revives.
Foreign fisherman bar in legal battle
Top fisheries wholesalers have teamed with boat owners and foreign workers in a bid to overturn recent legal reforms passed by Parliament that ban the latter from working in the sector,.
Harbour Island project confronts major opponents
A Harbour Island developer and its opponents confronted each other at a sometimes-tense planning meeting where it was revealed a project contractor was working 70 feet beyond the permitted area.
Bay St. revival to be 'longer than thought'
The Downtown Nassau Partnership's (DNP) co-chair has predicted Bay Street's revival will take "longer than anticipated" given its near-total reliance on a cruise industry whose return is further delayed.
2020 – A year in the markets
ActivTrades
2020 was year marked by the coronavirus pandemic and its sanitary and economic impact, forcing governments and financial authorities around the globe to intervene on an unprecedented scale.
BPL given 'free hand' as Shell exclusivity ditched
Bahamas Power & Light (BPL) has ditched Shell North America's exclusivity and has "a free hand" to negotiate the best electricity prices for New Providence with any supplier that can meet its terms.
Vocational training neglect 'disadvantages' Bahamas
A former deputy prime minister says the decision to neglect vocational training has worked to The Bahamas' "disadvantage" when it comes to developing a productive workforce to underpin its economy.
Online delivery firms: 'We are here to stay'
Online delivery service providers say their business model will endure and is part of "the new norm" with strong consumer demand for continuing past Christmas.
Residential customers keep LPG firms afloat
Residential sales kept the liquefied propane gas (LPG) industry afloat during tourism's COVID-19 shut down even though some retailers suffered a 60-70 percent Christmas decline year-on-year.
Central Bank investing $24m in 'cash centre'
The Central Bank is investing $24m in the construction of a new "cash and data centre" in south-west New Providence to complement its new headquarters building in downtown Nassau.
Club Med 'targets' December return
Club Med has reiterated that the "target date" for re-opening its San Salvador resort remains December 2021 in the wake of its move to terminate between 180-190 workers.
Oil exploration 'not in country's interest'
A University of The Bahamas (UB) professor yesterday said that exploratory oil drilling is “absolutely against our best interest” as a country due to the nation's climate change vulnerabilities.
Realtor fears for Bahamas over Democrat wins
A prominent realtor yesterday warned that Democratic control of both houses in the US Congress could hit The Bahamas' post-COVID recovery if the party moves to push through steep tax hikes.
Gambler winnings tax pushed to January 16
Implementation of the tax on web shop patrons' winnings has been pushed back two weeks to January 16 to allow the Government to provide all those impacted with sufficient notice.
San Sal's 'lifeblood' terminates 190 staff
Fears were mounting yesterday that San Salvador will suffer a population drain as the island's Club Med "lifeblood" terminated its 190 staff amid warnings the resort may not re-open until 2022.
