Taylor Industries: Insolvency forces 40 staff redundancies
Taylor Industries’ principals say three years of losses, combined with a harsh economic climate featuring escalating cost and tax hikes, gave them no choice but to close and lay-off 40 staff.
Joining WTO no ‘snap election’ style decision
The Bahamas must not treat WTO membership as “a snap general election decision” that can be reversed in five years’ time, private sector leaders warned yesterday.
‘Fine tooth comb’ for WTO offer
Bahamian poultry producers are already facing WTO-related tariff cut pressures, with the private sector yesterday pledging to examine this nation’s opening offers “with a fine tooth comb”.
KFC staff gain five-year deal
MANAGERIAL and supervisory staff at Kentucky Fried Chicken (KFC) have secured a new five-year industrial agreement, a trade union leader saying it was a “great way to begin the New Year”.
Water Corp unions ‘in dark’ over 120 worker right-size
THE unions representing Water and Sewerage Corporation (WSC) staff have slammed management for “practically no communication” on plans to right-size by up to 120 workers.
‘Buy Bahamian’ best defence under WTO
BAHAMIAN consumers can do “far more” to sustain local industries than any government under the World Trade Organisation’s (WTO) ruled-based set-up, says the country’s lead negotiator.
IAN FERGUSON: Strategies for achieving greater business success
Last year brought its share of business challenges, and 2019 will certainly have them as well. Businesses, particularly the most vulnerable, must adequately prepare for success and viability. Preparation is key, and establishing goals just as crucial.
Tourism officials meet with American Airlines
The Ministry of Tourism’s airlift team welcomed American Airlines’ newly-appointed senior regional manager for the Caribbean during his recent visit to Nassau.
Tourism: $630k for $22 song ‘illogical’
The Ministry of Tourism has slammed as an “illogical conclusion” findings it should pay an ex-beauty queen $630,000 for using a song that earned just $22 from Internet streaming in four years.
End to tax preferences ‘bites’ exchange control
The Government’s elimination of preferential tax breaks “bites at the exchange control regime” and far more incentives than those identified in the act, an ex-attorney general argued yesterday.
Taylor Industries closes after 74 years
Taylor Industries, the 74 year-old electrical retailer and contractor, was yesterday said to have ceased operating with its sole location completely locked down.
Web shop tax hikes ‘in our best interests’
The web shop industry tax hikes are in “the best interests of the Bahamian people” due to the social costs the sector imposes, a Cabinet minister argued yesterday.
Union leader’s ‘distress’ on anti change labelling
A Bahamas Power & Light (BPL) union leader yesterday asserted he “absolutely and totally embraces change” via renewable energy, adding that he was “distressed” to read otherwise.
Bahamas sails to 45% booking rise via kayak
Destination booking website, Kayak, has named The Bahamas as one of its top five locations to visit in 2019 after bookings increased by 45 percent over the past year.
Downtown Nassau in ‘dire need’ of plan
DOWNTOWN Nassau remains in “dire need” of planning and development, a local architect said yesterday, describing the area as “horrible” and “embarrassing”.
