$1.2m roadworks wait for IMAX's developer
An IMAX cinema-centred entertainment destination cannot open until a $1.2 million roadworks project is completed, its developer revealed yesterday.Carlos Foulkes, the Atavus Group’s chief executive, told Tribune Business it expected to hear from the
BPL rejects one-third of departure requests
BAHAMAS Power and Light’s (BPL) chief executive yesterday said “one-third” of the company’s voluntary separation (VSEP) applicants have been deemed “critical employees” who cannot be released at this time. Whitney Heastie said those employees will b
Hotel union chief: VAT hike's urgency for industrial deal
The hotel union’s newly-elected president yesterday said the VAT rate hike had increased the urgency for the leadership to secure a new industrial agreement for its 5,000 members.Darren Woods, pictured, told Tribune Business that the Bahamas Hotel, C
Palm Cay benefiting from $2m expansion
A southern New Providence community believes it is reaping the benefits of a six-month expansion that saw it invest $2m to refresh its amenities.Palm Cay, located in the island’s south-east, employs some 100 Bahamians during peak season. The upgrades
Bahamas culinary team named Caribbean's best
The Bahamas National Culinary Team was selected as the region’s best for 2018 as they secured numerous gold, silver and bronze awards at the “Taste of the Caribbean” competition.Apart from winning the coveted “Caribbean National Team of the Year”, Ch
IAN FERGUSON: Don't dismiss benefits of a higher education
We have known the benefits of pursuing a college education for a long time. Research tells us that individuals with higher education earn more, pay more taxes and are more likely than others to be employed and have benefits such as pensions and healt
'Sales cancelled' fear if no VAT grace given
The Bahamas Real Estate Association’s (BREA) president yesterday warned “lots of sales will be cancelled” as the sector makes a last-ditch bid for a smooth VAT transition.Christine Wallace-Whitfield called on the government to either provide a 60-90
Govt urged: seek other buyer on Grand Lucayan
The government was yesterday urged to seek alternative purchasers for the Grand Lucayan following confirmation it has reverted to plans to take an ownership stake in the property.Carey Leonard, pictured, the former Grand Bahama Port Authority (GBPA)
Deficit wipe-out to pave way for NIB, pension fix
The VAT rate hike and deficit elimination will pave the way for the government to rescue NIB and address its multi-billion pension liabilities, the deputy prime minister confirmed yesterday.KP Turnquest told Tribune Business it was “absolutely correc
Banker urges ‘real will’ to tackle pension crisis
A Bahamas-based investment banker yesterday bemoaned the absence of “real will” to drive wide-ranging pension reform, with the government paying “lip service” to its own liabilities.
Union chief hits BTC's 'dismal performance' post privatisation
The head of BTC’s line staff union yesterday blasted the company’s “dismal performance” post-privatisation, while giving it an “A” grade for cost-cutting and staff lay-offs.Bernard Evans, pictured, the Bahamas Communications and Public Officers Union
ART OF GRAPHIX: Ensuring a book is judged by its cover
Have you ever bought a book just for its cover? Maybe not. But chances are a cover has captured your attention, leading you to pick it up and scan the first few pages to see if you will get hooked. Even if you cannot pinpoint the reasons for the appe
Maritime securityvital for Bahamas
Maritime security is “particularly critical” for The Bahamas because of its geography and the industry’s economic importance, a cabinet minister says.Frankie Campbell, minister of transport and local government, said the issue was especially challeng
Labour chief calls for greater transparency over job advertising
The Director of Labour yesterday acknowledged the need for greater “transparency” that ensures Bahamians are given an opportunity to fill posts before employers seek work permits.John Pinder, pictured, the former trade union leader, told Tribune Busi
DPM: Responsibility Bill will bridge 'trust deficit'
The deputy prime minister yesterday admitted there is a “trust deficit” between the government and Bahamian people that he hopes to close with the Fiscal Responsibility Bill’s passage.KP Turnquest told Tribune Business that poor fiscal management, br
