Hotel workers gain ‘tens of millions’ via new deal
HOTEL workers will receive “tens of millions of dollars” in extra financial benefits following yesterday’s signing of the industry’s first industrial agreement for more than a decade.
BPL ‘requires over $500m’ as Bannister blasts ‘insult’
An ex-deputy prime minister yesterday branded the Government’s handling of Bahamas Power & Light (BPL) reforms “an insult to the Bahamian people” as it emerged the utility’s “financing needs” exceed $500m.
Aviation dedicated to address FAA concern
THE Government’s aviation director yesterday said the industry is “totally committed” to addressing deficiencies that may arise from an inspection by US regulators as they await the final findings.
Aviation chief hails sector’s positive ‘industrial climate’
THE Government’s aviation director yesterday hailed the positive “industrial climate” with trade unions in the sector.
BPL workers: We feel betrayed
BAHAMAS Electrical Workers Union (BEWU) president Kyle Wilson said employees at Bahamas Power and Light (BPL) have given “an outright NO” to the impending private public partnership (PPP) agreements for the utility company.
Pintard on BPL: ‘How in the hell did we get to this point?
OPPOSITION leader Michael Pintard said the government’s potential granting of private public partnerships (PPPs) for the generation and transmission and distribution at Bahamas Power and Light (BPL) “appears to be privatisation”.
Condo development denied by Department of Physical Planning
PLANS for the Neveah Group Enterprises’ Palazzo Vista Del Mar project - to be located on a 21,000 square foot site south of Da Plantation Bar and Grill off West Bay Street - were shot down by physical planning officials who considered the project to be an “over-development” of the site.
Bank signs agreement to back equality project
THE Bahamas Development Bank (BDB) and Food and Agriculture Organization (FAO) of the United Nations (UN) signed an agreement aimed at advancing the Joint Sustainable Development Goals (SDG) Fund’s Building Back Equal project.
DEREK SMITH: The intersection of infosec and compliance
The saying “Trust is good, but control is better” is ever more pertinent as the digital frontier expands at an unprecedented rate, especially for financial institutions in developing countries. Yet, in the pursuit of compliance, we often overlook a critical point: compliance is more than just a regulatory requirement; it is a strategic asset that fosters innovation, trust, and growth.
National debt up as spending rises faster than revenue growth
The Central Bank revealed yesterday that the national debt grew by $206m over the last quarter.
Pintard hits out at JDL as operations to begin
In a widely circulated memorandum yesterday, the chief operations officer of JDL Cargo Management said that effective February 19 the company was to commence operations within the Lyndon Pindling International Airport (LPIA).
Court upholds order to pay former NIB director benefits
An Appeal Court Justice yesterday upheld an order for the National Insurance Board (NIB) to pay a former director pension benefits after losing a legal battle over her due retirement entitlement.
Inland revenue ‘confident’ of hitting property tax goal
Shunda Strachan, the Department of Inland Revenue’s acting director, said the agency has collected $95m in real property tax as at February and is confident that they will reach the $195m target.
IAN FERGUSON: How you can procure improved cost savings
Every business providing goods and services must pay close attention to the sourcing of materials needed in the business process.
URCA fears on price in communications market
Regulators have assessed the competition within retail fixed electronic communications service market and determined “excessive pricing” was a common anti-competitive concern for each retail market.
