Bahamian Brewery expands in Nassau
The Bahamian Brewery and Beverage Company has moved to an expanded three-acre warehouse and office complex in Nassau’s Airport Industrial Park to serve its continued growth. The brewer and distributor of Sands Beer, and brands such as Bush Crack, Hi
Cable hails $333m sale as capital market record
Cable Bahamas chief executive yesterday hailed the $332.5m sale of the company’s US interests as “the biggest single transaction” by any Bahamian publicly traded company. Franklyn Butler told Tribune Business that the “fantastic deal” involving Summ
Public service unions three-year deal
Trade union leaders have insisted they will not be “made the scapegoats” if the government misses its 2019-2020 fiscal targets.
Minimum wage not on agenda - it is now: $300 a week
Trade union leaders want a minimum wage increase to between $250-$300 per week, and are pushing for the issue to be formally discussed by the National Tripartite Council.
BPL: Base rate cut 'genesis' of woes
BAHAMAS Power & Light’s (BPL) chairman has blamed the “genesis” of the utility’s present predicament on the first Christie administration’s decision to cut its base tariff rate.
Bahamas must lay foundation for WTO
Agriculture, light manufacturing and entrepreneurship, both in the Family Islands and New Providence, are some of the key industries that will be impacted if The Bahamas completes the process of becoming a full World Trade Organisation (WTO) member.
Bahamian law firm in maritime award nod
A Bahamian law firm says it has been nominated as a finalist for excellence in the 2019 Lloyd’s List Americas Awards.They are part of the Lloyd’s List Excellence in Shipping Awards, the industry’s flagship awards programme that recognises and rewards
BPL in 'salvage' mode on parts
Bahamas Power & Light (BPL) has been forced to "salvage parts" for its aged generation fleet, its chief executive has revealed, adding that preventative maintenance has been almost impossible to perform.
Union demands ‘a fly in the ointment’
Public sector pay negotiations are a potential "fly in the ointment" that may cause the Government to miss its 1 percent deficit target for 2019-2020, the deputy prime minister warned yesterday.
Moody's predicts $82m fiscal deficit overshoot
Moody’s is predicting that the government will overshoot its 2019-2020 deficit target by more than $82m and take longer than anticipated to produce the budget surplus it is seeking.The international credit rating agency, in its latest update on The B
'Stupid is as stupid does' on BPL crisis
A governance reformer yesterday blasted The Bahamas’ tendency to only address key problems “in a crisis” as he blamed its energy woes on “irresponsible governance” and bad fiscal habits. Robert Myers, pictured , a principal with the Organisation for
Taxi union in compliance row with NIB
THE taxi cab union is in a “chokehold”, its president said yesterday, as he threatened legal action against the National Insurance Board (NIB) for allegedly failing to provide it with a letter of good standing.Wesley Ferguson told Tribune Business: “
DPM: Just 50% of registry firms deemed 'active'
Just 50 percent of companies listed on the registry are thought to be “active”, the deputy prime minister said yesterday, as thousands of entities were informed of their removal.KP Turnquest told Tribune Business that the “gazzetting” of their remova
Industrial Tribunal in Caribbean first
The Industrial Tribunal was yesterday hailed as a Caribbean leader for this week’s launch of electronic case filing and management services. The National Tripartite Council, in a statement, said one of its executive members, Rionda Godet, became the
Foreign minister to lead Abaco summit
The Minister of Foreign Affairs will deliver the keynote address at the 16th annual Abaco Business Outlook conference, which will be held on September 5 in Marsh Harbour.Darren Henfield, also the north Abaco MP, will lead the speaker line-up at the A
