Work permit increase ‘rationale’ questioned
THE Chamber of Commerce’s labour head yesterday said he did “not understand the rationale” for raising work permit fees, amid warnings it will not reduce Bahamian unemployment.
Bahamas must ‘leverage’ EU listing into opportunity
The Bahamas was yesterday urged to “leverage” the European Union’s (EU) ‘blacklisting’ and reposition itself as an international business centre based on ‘physical presence’.
Sarkis: ‘No good cause’ to halt my $2.25bn suit
Sarkis Izmirlian says Baha Mar’s contractor has “no good cause” to seal the $700 million deal that is central to its demand that his $2.25 billion fraud lawsuit be halted.
Gov’t urged to join Morton Salt appeal
THE Government was yesterday urged to join a Privy Council appeal against Morton Salt, amid fears it will “alter the very existence of collective bargaining agreements in the Bahamas”.
PI condo targeting May finish after $50m spend
A revitalised Paradise Island condo project is targeting early May for second phase completion, having been transformed from a stalled eyesore via its new developer’s $50 million investment.
Gov’t hires consultant to review BIA systems
THE Prime Minister yesterday revealed that the Government has selected a consultant to review the Bahamas Investment Authority (BIA) and its investment policy framework.
Government mulls the Headquarters Encouragement Act to attract tech firms
THE Prime Minister yesterday said the Government was mulling a Headquarters Encouragement Act to entice technology firms and start-ups to domicile their head offices in the Bahamas.
Put Tripartite Council to work, parties urged
THE Chamber of Commerce’s chief executive yesterday urged the National Tripartite Council’s stakeholders to avoid grandstanding and “put the council to work”.
Labour chief hits out on Tribunal ruling enforce
THE Government’s top labour official yesterday described the Industrial Tribunal’s inability to enforce its own judgments as “one of the biggest disappointments”, along with the “frustrating” reluctance of employers to “show up” for conciliation meetings.
Work permit increase 'rationale' questioned
THE Chamber of Commerce’s labour head yesterday said he did “not understand the rationale” for raising work permit fees, amid warnings it will not reduce Bahamian unemployment. Peter Goudie, head of the Bahamas Chamber of Commerce and Employers Conf
Major reforms needed for GB ‘tech hub’ plan
The Government faces a massive task to make Grand Bahama a technology hub, a confidential report has revealed, despite hopes of attracting “hundreds of companies in months”.
Fears IBC ‘beauty’ lost over blacklist response
THE Deputy Prime Minister yesterday warned that “all” International Business Companies may have to submit annual accounts if the Bahamas is to escape Europe’s “blacklist”.
‘Amazing’ if Bahamas gets 50% chicken self-sufficient
AN Abaco poultry producer yesterday said it would be “amazing” if the Bahamas could produce even half the poultry it consumes “within two years”.
Financial industry’s ‘check’ on exceeding EU demands
THE Bahamian financial services industry will serve as a ‘watchdog’ to ensure this nation does “not go beyond what’s required” to escape Europe’s ‘blacklist’, a senior executive said yesterday.
Flats fishing advocates urge Oban’s relocation
BAHAMIAN flats/bonefishing advocates yesterday called for the $5.5 billion Oban Energies project to be relocated, warning: “We don’t want to find out” the impacts if it goes wrong.
