Chamber ‘cautious’ over new minimum wage talk
THE Chamber of Commerce’s chief executive yesterday said the private sector already faces “a myriad of challenges” apart from having to contend with a new minimum wage increase.
University launches president search
THE search for the next University of The Bahamas (UB) president is underway after its board of trustees released a document detailing what it is seeking from the new hire.
Regulator hails replacement of ‘12 year-old’ securities law
THE Securities Commission yesterday hailed the replacement of the “12-year-old legal framework” that governed the Bahamian capital markets with a new law that took effect on Monday.
Upgraded digital assets law is now implemented
UPGRADED legislation to regulate the digital assets industry took legal effect yesterday, the Securities Commission confirmed.
Sandals hits back at claim it hid 60% of resort’s intake
SANDALS is disputing assertions by the Bahamian tax authorities that its Emerald Bay resort only reported 40 percent of revenues earned as it defended its one-of-a-kind “business model”.
Tax authority ‘alarm’ over accounting at $5m firms
Bahamian tax authorities are “shocked” and “alarmed” at the number of $5m-plus turnover companies who are being audited or preparing financials for the first time to meet the new Business Licence mandate.
‘Patient safety’ concern as attorneys usurp watchdog
Attorneys are usurping the Bahamas Medical Council’s (BMC) role as physician watchdog to the point where patient safety may be endangered, the FNM’s chairman is arguing.
BPL grid firm closes $100m bond amid ongoing queries
The company poised to take over New Providence’s electricity grid closed its initial financing with an “oversubscribed” $100m bond raise amid ongoing concerns over the deal’s structure.
Pintard: ‘Celebrating economic suicide’ as stopovers decline
The Opposition leader yesterday doubled down on fears this nation is “celebrating economic suicide” with The Bahamas the only Caribbean country suffering a stopover visitor decline in 2024’s first four months.
Planning, environmental regulators ‘under-staffed’
Planning and environmental regulators cannot do the job demanded by the Bahamian people because all are “under-resourced and under-staffed”, an MP has asserted.
Gas retailers grill leading finance official on margins
The Government’s top finance official yesterday faced another ambush - this time from aggrieved petroleum retailers asserting the administration has “their two big foot on top of me” over a margin increase.
‘Hit global standards to slash Gov’t procurement costs 10%’
The Government can slash its procurement costs by up to 10 percent through meeting global standards, it was revealed yesterday, as a further $52.362m in contract awards were disclosed.
Izmirlian victory in Baha Mar legal challenge
Sarkis Izmirlian has successfully fought-off a bid by Baha Mar’s main contractor to slash his damages claim by $830m just days before their fraud and breach of contract battle goes to trial in New York.
Finance chief: Why ‘uproar’ over aviation fee increases?
The Government’s top finance official yesterday challenged the “uproar” over the increase in Customs and other aviation fees, adding: “Persons who benefit from our country should pay their fair share.”
Wendy’s: Ruling ‘paves way’ for PI restaurant
Wendy’s yesterday hailed the planning authorities’ rejection of Atlantis’ appeal as “paving the way” to finally develop its new Paradise Island restaurant that has been delayed for “several years”.
