PM opens 'one stop shop' for employment
The Prime Minister has officially opened the Public Employment Services Unit’s (PES) “One Stop Service Centre” at the Department of Labour.The centre will be used as the Ministry of Labour’s link between potential employees and employers, and will en
Fiscal deficit down $142m up to April
A near-50 percent slash to the government’s capital works budget saw its fiscal deficit for the ten months to end-April drop by $141.5m year-over-year, the Central Bank has revealed.The regulator, in its monthly economic report for May, said a windin
Central Bank warns on vacation rentals
The Central Bank is warning that the booming vacation rental market could threaten tourism’s foreign exchange earnings without proper quality assurance mechanisms in place.The regulator, while acknowledging the sector’s importance in its monthly econ
'Like a hurricane': Super Value up 45% pre-VAT
Sales at Super Value stores jumped as much as 45 percent on the last day before the VAT hike, its owner revealing yesterday: “Customers were shopping with a vengeance.”Rupert Roberts told Tribune Business that the strong consumer demand - described a
Labour chief: Web shop lay offs 'unnecessary' because still profitable
The government’s top labour official says web shops “don’t need to put Bahamians out of work” because they are still making good profits despite the tax hikes.John Pinder, pictured, acting director of labour, told Tribune Business that no confirmatio
Chamber chair: 'We don't have time to waste'
The private sector needs to see real ease of business improvements “now”, the Chamber of Commerce’s chairman saying yesterday: “We don’t have time to waste.”Michael Maura told Tribune Business that results were especially needed at “the interface” be
Developer files police complaint over dispute
Sir Franklyn Wilson’s Eleuthera real estate venture has filed a police complaint after “keep out” signs were placed on its properties by a rival claimant to the land.The Arawak Homes chairman told Tribune Business that the offending notices, which we
Insurers fail on last-ditch VAT extension bid
The insurance industry’s last-ditch bid for a one-month VAT extension has failed, with its chairman yesterday expressing concern over potential policy lapses and benefit losses.Emmanuel Komolafe, the Bahamas Insurance Association’s (BIA) principal, t
PwC Bahamas unveils two accounting partners
PricewaterhouseCoopers (PwC) Bahamas yesterday announced the appointment of two new partners, Kevin Cambridge and Carlton Cartwright, with effect from July 1, 2018.Prince Rahming, PwC’s territory leader, said: “Our two new partners have exhibited exe
Online platform to eliminate 'job gaps'
A TOP private sector representative yesterday hailed an online platform to match employers with job seekers as helping to reducing unemployment by eliminating information gaps between the two.Edison Sumner, pictured, the Bahamas Chamber of Commerce a
Bahamians 'must thrive' before joining the WTO
BAHAMIANS must be put in position to “thrive in our own country” before the government moves forward with World Trade Organisation (WTO) accession, an activist group urged yesterday. Citizens Against Bank Exploitation (CABE), which staged a protest i
Bahamian group's $30m challenge to GB Power
A Bahamian group says its solar proposal can reduce energy costs by 40 percent, and create up to 100 jobs, if permitted to take over power supply to Grand Bahama’s East and West End.Dr Carlton Bosfield, principal of Northern Bahamas Utilities (NBU),
Miller blasts BOB bail-out entity for selling his plaza
A furious Leslie Miller yesterday slammed the Bank of the Bahamas (BOB) bail-out vehicle for trying to sell his multi-million dollar plaza while in the middle of talks with the government.The former MP and Cabinet minister said it appeared that “the
AML chief apologises for 'early' 12% VAT
AML Foods chief executive yesterday apologised to Freeport consumers for “any distress caused” after provider error resulted in store receipts showing a 12 percent VAT two days early.Gavin Watchorn explained to Tribune Business that the mistake resul
Bahamas needs 'urgent work' on civil service pension reform
The Bahamas must undertake “urgent work” to reform civil service pensions and “restrict” further government support for state-owned enterprises (SOEs), a multilateral lender is warning.The Inter-American Development Bank (IDB), in its latest Caribbea
