BTC in ‘strict compliance’ with industrial agreements
THE BAHAMAS Telecommunications Company (BTC) yesterday said it follows “strict compliance with all laws and regulations” governing its industrial agreements amid union concerns of further job losses.
Nassau provider attends regional disaster summit
A Nassau-based cloud services provider has taken part in a World Bank-organised regional conference on disaster resilience and combating climate change.
No $480m property tax arrears write-off
The government has no plans to write-off its $480m in real property tax arrears and will “pursue” all delinquents “with vigour”, its top finance official warned yesterday.
‘Enormous confusion’ over hotel gratuities
“Enormous confusion” exists even among hotel union members over whether industry employers want to eliminate or alter the automatic 15 percent gratuity, Tribune Business was told yesterday.
Sebas funds: No liability over ‘conflicts of interest’
Investors buying into the mutual funds launched yesterday by Sebas Bastian’s investment house will not be able to take legal action relating to any “conflicts of interest” it may have.
Brewery suffers loss on $2.7m cost one-offs
Commonwealth Brewery has blamed a six-figure loss for the 2019 first quarter on $2.7m in one-off expenses linked to restructuring, staff lay-offs and Kalik Light’s re-branding.
GB tech hub won’t appear ‘overnight’
THE government’s plans to transform Grand Bahama into a technology hub will not materialise “overnight”, a Cabinet minister admitting yesterday: “There is a whole lot more to be done”.
Service quality win for Freeport firm
A Freeport-based small business has been recognised by the world’s largest travel platform for the quality of its customer service.
Forum discusses amendments to insolvency regime
The Restructuring and Insolvency Specialists Association (RISA Bahamas) has held its first roundtable discussion on proposed reforms to The Bahamas’ insolvency framework.
DHL Express opens new Nassau facility
DHL Express, the global delivery company, has opened a new 9,578 square foot facility in Nassau to integrate its Bahamian operations into one location.
Bahamas hosting anti-financial crime training
The Financial Action Task Force’s (FATF) week-long flagship training course on combating financial crime began for Bahamian and regional regulators this morning.
Private sector ‘critical’ to Internet governance
IT is “critical” for the private sector to be involved in discussions on internet governance, the Utilities Regulation and Competition Authority’s (URCA) chief executive said yesterday.
Central Bank hails ‘buoyant’ tourism
The Central Bank yesterday described tourism’s performance as “buoyant” through April 2019, with “off-resort room nights” in the vacation rental sector up 31.7 percent that month.
Privatisation target in just 2% annual growth
The government’s latest privatisation target is forecasting annual revenue growth of just two percent over the next decade, with the selection of a preferred bidder targeted for end-July 2019.
‘Discretion’ in name switch tax dodgers clamp down
The government has introduced “discretion” into the crack down on corporate tax cheats who seek to evade their liabilities by reincorporating under a different vehicle or name.
