Lucayan union ‘feasts on economic tragedy’
The Grand Lucayan’s managerial union has been accused of “feasting on an economic tragedy” by demanding an extra $650,000 payout after the hotel had already upped its offer by $500,000.
Union withdraws Atlantis strike vote
The hotel union’s threatened Atlantis strike vote has been withdrawn, its president confirmed yesterday, adding that he was now focusing on securing a new industry-wide industrial deal.
GB resort loses out on under-insurance
A Grand Bahama resort has lost out in its dispute over a Hurricane Matthew insurance claim because it failed to realise what would happen if the property was under-insured.
Cruise lines’ port bid: ‘This is what we do’
ROYAL Caribbean’s top executive yesterday said the cruise lines’ expertise and understanding of their industry meant they were ideal candidates to oversee Nassau’s port transformation.
Minister: Come see me when you have a deal
A Cabinet Minister yesterday told Tribune Business he had informed investors pitching a $500m Long Island project to “come back and see me when you have a Heads of Agreement”.
‘100% green’: $7m spend for last Hotel Corp resort
A Bahamian entrepreneur yesterday said he plans to create the country’s “first 100 percent green resort” through a $7m investment to revive the last Hotel Corporation-owned property.
Lucayan managers: Board ‘hellbent’ but we dropped by $1m
The Grand Lucayan is “hellbent” on using the wrong formula to calculate staff separation packages for middle managers who were yesterday said to have cut their demands “by over $1m”.
Central Bank official: OECD tried to 'hobble' permanent residency
A top Central Bank official has accused the OECD of trying to “hobble” the competitiveness of The Bahamas’ economic permanent residency regime by including it in an arbitrary “quasi-blacklist”.
Banks urged: Don’t ‘stifle’ investment currency outsource
Bahamian commercial banks were yesterday warned not to “stifle” the goals behind the investment currency market’s outsourcing through “compliance trepidation”.
Companies will 'feel the Business Licence change'
The prime minister yesterday pledged corporate Bahamas will receive “prompter service and less bureaucracy” when they submit business licence filings and payments in the New Year.
ART OF GRAPHIX: Quieting our minds so creativity can flourish
Have you ever been driving down the street when, suddenly, the solution to a concept you have been mulling over for weeks pops into your head?
Sterling expands its executive team
Sterling Global Financial, the Bahamian-headquartered financial services provider with more than $9 billion in assets under administration and management, has expanded its executive team.
Bahamian group drives Mayaguana port plan
A Cabinet minister yesterday said the proposed Panama Canal-style port development in Mayaguana, which he admitted is in its "infancy", is being driven by a Bahamian private sector group and not the Government.
Post Office almost eliminated backlog
A Cabinet minister yesterday confirmed he was looking into claims of a mass shredding of mail at the General Post Office, adding that workers were close to catching up with the mail backlog.
Lucayan payouts: ‘Take it or leave it’
The Grand Lucayan’s Board plans to begin voluntary staff separation payouts without an agreement with the workforce’s trade unions on their value and terms, its chairman said yesterday.
