‘Nipped in the Bud’: Brewery lays off 73
COMMONWEALTH Brewery yesterday said a tough economy and competitive pressures from cheaper rival beers had forced it to terminate 73 staff within its 700 Wines & Spirits retail unit.
Customs moves on registration concern
Customs is moving to ensure the one-time registration for its new automated system is as “efficient and seamless” as possible following multiple complaints of delayed import clearances.
Web shops hit banks’ ‘dangerous’ rejection
Web shops yesterday argued it was “dangerous and counterproductive” for the majority of Bahamian banks to reject research showing the sector is “clean” with the country under attack.
No ‘material’ impact in late EU tax changes
The deputy prime minister has voiced confidence that the Bahamian financial services industry will not be “materially affected” by the last-minute reforms to escape Europe’s “blacklist”.
Bahamas must benefit in WTO sector openings
The Bahamas will only open up industries to foreign competitors under the WTO if doing so generates “real economic opportunities” for this nation, its chief negotiator asserted yesterday.
Renewable providers call for energy trading
A newly-formed renewable energy association of yesterday branded The Bahamas’ energy sector model as “outdated” and called for far-reaching structural reform.
Tourism gets energy, marketing updates
Tourism stakeholders received updates on marketing initiatives and efforts to reduce energy costs at the Bahamas Hotel and Tourism Association’s (BHTA) recent quarterly meeting.
Destination manager gets top global award
Cacique International has won a 2018 Stella Award from Northstar Meetings Group, receiving a top destination management honour as “best” in international and US territories.
‘Step up to plate’ on Virgin voyages
A Cabinet minister yesterday reiterated calls for Bahamian entrepreneurs to “step up to the plate” and maximise cruise tourism’s economic impact as a “Virgin” prepares to enter the market.
Commonwealth Brewery Limited terminates 73 employees
Commonwealth Brewery Limited (CBL) announced today that 73 employees have been terminated in a restructuring exercise of its 700 Wines and Spirits retail division.
PM attacks EU action as ‘flawed’
The prime minister yesterday slammed the “flawed process” that resulted in the European Union (EU) branding The Bahamas as a “high risk” jurisdiction for financial crimes.
Banks unmoved over gaming ‘myth debunk’
The Gaming Board’s “myth debunking” has not convinced commercial banks to accept web shop monies, the Clearing Banks Association’s (CBA) chairman has revealed.
Island Luck ‘back to business’; deal may trouble rivals
Island Luck’s attorney says his client plans to “get back to business” following the tax settlement with the government, while conceding the deal “may create a problem” for other web shops.
Landfill manager eyes $20m raise
The New Providence landfill’s incoming manager has moved “in earnest” to close the initial $20m financing it requires with the ink barely dry on its deal with the government.
Union blasts govt as BTC ‘anxiety’ grows
The Bahamas Telecommunications Company’s (BTC) line staff union is warning that worker “anxiety” is increasing as it blasted the government’s “hands-off approach”.
