CCA demands arbitration for Sarkis's claim
BAHA Mar’s main contractor yesterday urged the New York courts to seal its terms for restarting construction, as it bids to push Sarkis Izmirlian’s $2.25 billion fraud lawsuit into arbitration.China Construction America (CCA) and its affiliates revea
Appeal Court dismisses union's Morton Salt case
A BAHAMIAN trade union’s industrial grievances against Morton Salt have been dismissed as “not tenable” by the Court of Appeal.The Bahamas Industrial, Manufacturing and Allied Workers Union initially took the Inagua-based salt harvester and manufactu
IAN FERGUSON: Reaping the benefits from employee health
MOST would agree that employee wellness is a topic that receives far too little attention in the standard work environment. We spend most of our waking hours at work, and do not always take into account the impact that those hours have on our psychol
Second entrepreneur group graduates Gov't programme
A second group of 15 potential entrepreneurs last week graduated from the Grand Bahama Micro and Small Business Economic, Empowerment and Incentive Programme. The initiative is likely to be extended to a third, and fourth, group as the minister of st
Opposition finance chief warns on over-regulation
THE Bahamas must avoid “shooting itself in the foot” by over-regulating its financial services sector, the Opposition’s finance spokesman warned yesterday.Chester Cooper, during his contribution to the debate on the Financial Transaction Reporting Bi
DPM pledges to reform 'inefficient' government
THE Bahamas is still operating an “inefficient” 1973 model of government, the Deputy Prime Minister yesterday pledging: “We have to do something about that.”K P Turnquest, addressing a half-day Blockchain Technology seminar hosted by the Central Bank
Tourism executives meet police on security issues
THE Bahamas Hotel and Tourism Association (BHTA) and the Downtown Nassau Partnership (DNP) met with officers at downtown’s Tourism Police Station to discuss security issues.Representatives from the two organisations met with Superintendent Anthony Ro
Pensioners left with 30% in City Markets HQ sale
* Claim trustees ‘not acting in our best interest’ * Trustees retain 27% of $3m sale to AML Foods * And lawyer paid almost one-third of proceeds
City Markets pensioners have been “kept in the dark” over the $3 million sale of the plan’s main asset, with just 30 per cent of the proceeds seemingly left for their benefit.
Title questions raised over $3m AML deal
CITY Markets pension fund trustees have no legal standing to sell the defunct supermarket chain’s former head office to AML Foods for $3 million, it was alleged yesterday.
BPL pledges: You’ll have ‘soft landing’ on extra charge
BAHAMAS Power & Light’s (BPL) chairman yesterday pledged to make “the landing as soft as possible” for Bahamian consumers when it adds a debt servicing charge to their bills.
Insurers ‘not oblivious’ to Bahamas sanctions threat
THE insurance industry “is not oblivious” to the need for the Bahamas to comply with global anti-financial crime standards and avoid sanctions, its chairman said yesterday.
Employers identify dozens of new hires
THE Director of Labour yesterday hailed the success of his department’s latest job fair, with major New Providence employers having identified dozens of potential hires.
Moody's predicts deficit 'overshoot' above $350m
Moody’s has forecast that the 2017-2018 deficit will overshoot the Government’s $323 million target due to the “overhang” from the Christie administration’s unpaid bills.The international credit rating agency, in an update to the global markets follo
BTC loses 60,000 mobile subscribers
THE Bahamas Telecommunications Company (BTC) has lost over 60,000 mobile customers, almost 20 per cent of its market, in just over one year as a result of competition.Data released by BTC’s ultimate parent, Liberty Latin America (LiLAC), reveals that
BPL ‘nowhere close on any of the islands’
BAHAMAS Power & Light (BPL) is “nowhere close to where we want to be on any island”, its chief executive has admitted, as it seeks to avoid a repeat of last summer’s outages in Nassau and three other markets.
