Construction 'very strong and healthy' despite Cavalier
A Cabinet minister yesterday said the overall Bahamian construction industry remains “very strong and healthy” despite Cavalier Construction’s decision to cease operations and appoint a liquidator.Desmond Bannister, minister of works, told Tribune Bu
Labour expert: Severance pay 'can be onerous'
The National Tripartite Council’s vice-chairman yesterday admitted that legally-mandated severance payouts “can be onerous” after Cavalier Construction cited them as a key factor in its closure. Peter Goudie told Tribune Business that the Employment
Minister told: 'Make this very first thing for 2020'
An ex-Bahamian Contractors Association (BCA) president yesterday renewed calls for the government to properly regulate the sector following Cavalier’s failure, adding: “It’s critical to our survival.”Leonard Sands told Tribune Business that fully imp
Customs overhauls to focus on 'best practice'
A $1.38m consultancy contract will examine whether Bahamas Customs’ operating procedures meet “best practices” in a global trade environment, the deputy prime minister said yesterday.K Peter Turnquest explained that TTEK will examine the “overall str
Post-Dorian assistance means entrepreneurs will 'BEE' fine
An initiative to train Bahamians in the production of honey and other bee-related products has received a much-needed post-Hurricane Dorian boost. The category five storm inflicted major losses on young beekeepers who had entered the programme, a jo
Realtor unveils its 2019 aces
Damianos Sotheby’s International Realty has unveiled the winners of the 2019 Agent Circle of Excellence Award (ACE).Shane Cash, who focuses mainly on sales in the Hope Town, Abaco, market earned the title for June 2019, while New Providence-based Jac
Water union president rejects election fears
The courts will be the “final adjudicator” of the Water and Sewerage Management Union’s (WSMU) elections and dispute with the Department of Labour, its president said yesterday. Responding to concerns that union elections were held last year Novembe
Closure fear at Cavalier job cuts
Fears were growing last night that one of The Bahamas’ largest and best-known construction companies has shut down permanently with some 54 employees already terminated.
BPL cuts bond to $580m raise
Bahamas Power & Light (BPL) has cut the target for its upcoming bond issue to $580m as it places reliance on “selling our turnaround strategy” to obtain the credit rating it needs.
Bahamians trapped in 'double dependency'
Many Bahamians “lack the means to live” and are caught in a “double dependency syndrome” that relies on the government to provide growth and jobs, an economic observer argued yesterday. Dr Johnathan Rodgers, pictured , the well-known eye doctor, tol
BPL staff must know ‘the customer is king’
All Bahamas Power & Light (BPL) staff “must know the customer is king”, a union leader has charged, arguing: “We’ve got to make this utility a lean, mean, fighting machine.”
Government bidding reform 'revolutionary'
More than 400 businesses were represented at the Inter-American Development Bank’s (IDB) first-ever Bahamian procurement fair in a bid to increase their share of its $292m in locally-funded projects. Marlon Johnson, the Ministry of Finance’s acting
Union's election action given court go-ahead
The Water and Sewerage Corporation’s management union (WSMU) has been given permission to proceed with its Judicial Review action over alleged government interference in its elections. Supreme Court Justice, Indra Charles, last week allowed the unio
Shipping firm 'locks' down its deliveries
A Bahamian shipping company has promised to take the “hustle and bustle” out of picking up packages outside business hours by offering “lock boxes” at no extra cost. Tomonique Butterfield, operations manager for Go Postal, told Tribune Business that
Realtor's top agents list $56m in property
Damianos Sotheby’s International Realty has unveiled its top listing agents for 2019, with the best performing duo handling $56m worth of property. That was Mark Hussey and Bianca Aranha, who were the realtor’s overall top listing agents. Mitzi Pear
