AML Foods: 'distractions' added to 75% profit fall
AML Foods yesterday said its 75 percent fourth quarter profit decline will not become a long-term trend, as “distractions” resulted in margins and shrink heading in the wrong direction.Gavin Watchorn, the BISX-listed food retail and franchise group’s
Competition Bill 'answers prayers' over Bahamasair
A Bahamian airline principal yesterday pledged to “bring the first case” under proposed competition legislation, branding it: “An answer to my prayers”.Captain Randy Butler, Sky Bahamas’ chief executive, told Tribune Business that the draft Fair Comp
Dingman suffers double blow over restaurant failure
A Lyford Cay resident has suffered a double blow, after his attorneys withdrew over unpaid legal bills just as the fraud case relating to his collapsed Nassau restaurant empire revives.Jamie Dingman, son of late world-famous entrepreneur, Michael, wa
Contractor chief hails removal of 'cloak and dagger'
THE Bahamian Contractors Association’s (BCA) president yesterday hailed the new pre-qualification process for removing the “cloak and dagger” secrecy around public project bidding.Leonard Sands told Tribune Business that the new regime, unveiled by g
ART OF GRAPHIX: Designing traits for career success
Besides creativity and passion, what makes a graphic designer great? Some believe creative geniuses are born, while others feel creativity is a learned behaviour. But taking passion and understanding into account, there are many other factors involve
Bahamian adviser lists fund on bisx
A Bahamian investment adviser has listed its first international investment fund on the Bahamas International Securities Exchange (BISX).BISX yesterday announced that is pleased to announce that Class A shares in the Leno International Income Fund, p
Govt admits to 50% Customs leakages
The government has admitted to losing around 50 percent of due Customs revenues from inefficiencies in a system it is working feverishly to reform by eliminating manual processes.The confession is contained in the government’s own just-published revi
WSC faces $17m shortfall over ‘first world’ upgrades
The Water & Sewerage Corporation (WSC) is exploring “ways and means” to bridge a $17m funding shortfall on works critical to bringing its waste systems “in line with the first world”.
Bahamas' 16-spot internet plunge 'absolute non-issue'
The Bahamas’ 16-spot plunge to 65th in global rankings for broadband Internet speed was yesterday branded an “absolute non-issue”, despite being critical to its technology hub plans.Dr Donovan Moxey, who chaired the government-appointed Grand Bahama
Govt delivers on auto bond within weeks
Top auto dealers yesterday hailed the government’s quick execution of promised budget reforms for freeing up millions of dollars in cash flow and slashing vehicle delivery times.Rick Lowe, Nassau Motor Company’s (NMC) operations manager/director, tol
WTO push poultry farmers to eye product diversification
An Abaco poultry producer yesterday said “uncertainty” surrounding the World Trade Organisation (WTO) accession has forced it to explore diversification, adding: “You don’t know what field you’re playing on.”Underscoring fears among local producers a
Chamber facilitates tax reform meetings
THE Chamber of Commerce’s chief executive yesterday said the private sector will continue to discuss tax reform options with the Government even as it adjusts to the VAT rate increase.Edison Sumner told Tribune Business that the private sector body w
Miller demands $10m from the govt and BOB
Leslie Miller yesterday accused Bank of The Bahamas and the government of an “unlawful conspiracy” to seize his shopping plaza, and demanded nearly $10m in damages from each.The former Cabinet minister and MP, in a legal action filed with the Supreme
Workers 'breaking down door' to make exit
THE union representing Water and Sewerage Corporation (WSC) line staff yesterday welcomed the planned Voluntary Separation Packages (VSEPs), as workers will be “breaking down the door to get out of here”.Dwayne Woods, the Bahamas Utilities Services a
Bahamas urged to 'tackle' low scores in integrity survey
Anti-corruption campaigners yesterday urged The Bahamas “to tackle” Transparency International’s zero ratings for this nation’s freedom of information, procurement “integrity” and political transparency.Lemarque Campbell, of Citizens for a Better Bah
