Union slams Morton Salt over deal talks
Morton Salt Bahamas was yesterday accused of failing to negotiate a new industrial agreement in good faith, with the offered pay increase branded insufficient to cover inflation.Obie Ferguson, pictured, the Trade Union Congress (TUC) president, said
Port teams with Gov't on freeport promotion
The Grand Bahama Port Authority (GBPA) is working closely with the Government to promote Freeport as an attractive location for business and investment. Port officials joined Brent Symonette, minister of financial services, trade and industry, and Im
Budget demand for more web shop taxes
Governance reformers yesterday called for increased web shop taxes in tomorrow's Budget, coupled with 5 per cent annual spending reductions through 2023, to avoid a fiscal crisis.
Golf tournament's return depends on 'bang for our buck'
The Ministry of Tourism’s desire to “get the biggest bank for its buck” will determine whether a major golf tournament returns to The Bahamas for a seventh time.Dionisio D’Aguilar, pictured, minister of tourism, told Tribune Business that his officia
Bahamas firms 17% below Caribbean's productivity average
Bahamian companies are 17 percent less productive than the Caribbean average, with the Inter-American Development Bank (IDB) warning that innovation is also below regional benchmarks.The IDB, in its 2018-2022 country strategy for The Bahamas, is targ
Doctors targets expansion with $11.9m RBC financing
Doctors Hospital has obtained two Royal Bank of Canada (RBC) loan facilities worth a collective $11.858m to fund expansion plans in “a rebounding Bahamian economy”.Joseph Krukowski, who is stepping down after 14 years as the healthcare provider’s cha
CLICO medical policies an 'albatross around the neck'
Calls for CLICO (Bahamas) policyholders to still pay their premiums have become “an albatross around the neck” of 700 mostly-elderly clients whose medical policies will be cancelled by Friday.Bishop Simeon Hall, the retired pastor who was himself a v
Bahamian group in new chinese deals
A Bahamian group has signed two more Chinese agreements in a bid to promote agricultural development in this nation and the wider Caribbean.Bahamaren, which unveiled a modular housing deal with another Chinese entity just two weeks ago, announced it
Private sector waiting on budget tax details
THE private sector is waiting to see “what is on the table” with taxes and incentives in tomorrow’s 2018-2019 budget, the Chamber of Commerce’s chief executive said yesterday.Edison Sumner told Tribune Business: “The business community would always b
Bahamas urged to look 'beyond our frontiers'
Bahamian businesses were yesterday urged to look “beyond the borders” and expand their footprint, a top private sector representative saying: “There are markets at our doorstep.”Edison Sumner, the Bahamas Chamber of Commerce and Employers Confederati
$100m tourism boost via 18% stopover rise
The Minister of Tourism has hailed an “exceptional” 18 percent air arrivals increase for injecting an extra $100m into the economy during the 2018 first quarter.
Insolvency Association launches in Bahamas
The Restructuring and Insolvency Specialists Association (Bahamas) held its launch event last Thursday at Baha Mar’s Royal Blue Golf Club.In attendance were around 50 guests, including members of the judiciary, Queen’s Counsels (QCs), Certified Finan
Bahamas 'cannot hold back tide' on Owner Registry
The Bahamas “cannot hold back the tide” on a beneficial ownership registry, the deputy prime minister arguing: “We must set the standard for ourselves and others.”K P Turnquest, pictured, explained that while the Government was listening to financial
Tourism targets Junkanoo Beach deal
The Ministry of Tourism is seeking private sector bids to take over management of Junkanoo Beach and improve a key component of Nassau’s cruise product.Dionisio D’Aguilar, minister of tourism, told Tribune Business that the Government is looking to “
Water Corp prices cover just 30% of out island costs
The Water & Sewerage Corporation’s (WSC) tariffs cover just 30 percent of its Family Island costs, with key government-owned utilities overstaffed and in need of downsizing.
