"A%20%EC%B6%9C%EC%9E%A5%EC%95%88%EB%A7%88%E2%97%88%EB%AA%A8%EB%93%A0%ED%86%A1%20GTTG5%E2%97%88%E6%9D%89%EC%A4%91%ED%99%94%EC%97%AD%EC%8A%A4%EC%9B%A8%EB%94%94%EC%8B%9C%E6%9C%BB%EC%A4%91%ED%99%94%EC%97%AD%EC%8A%A4%EC%9B%A8%EB%94%94%EC%8B%9C%EC%B6%9C%EC%9E%A5%E8%B5%96%EC%A4%91%ED%99%94%EC%97%AD%EC%8A%A4%ED%8F%AC%EC%B8%A0%EB%A7%88%EC%82%AC%EC%A7%80%E7%AE%BA%EC%A4%91%ED%99%94%EC%97%AD%EC%95%84%EA%B0%80%EC%94%A8%EC%B6%9C%EC%9E%A5%E2%99%BFharmattan/" | Search

Gov’t ‘won’t ruin’ economy revival with labour laws

* Minister reassures private sector on changes * No move on ‘controversial’ issues yet * Will only proceed if business/union ‘consensus’

THE Government “will not do anything to ruin” efforts to revive the Bahamian economy, a Cabinet Minister pledged yesterday, as he sought to reassure businesses over labour law reforms. Dion Foulkes, the Minister of Labour, told Tribune Business that the Minnis administration had yet to move on “contentious” election commitments to raise the 12-year redundancy pay ‘cap’ and increase the notice period for terminated employees.

QC: VAT rejected if no ‘value for money’

The Bahamian people will not accept Value-Added Tax (VAT) unless the Government convinces them they will receive “value for money” in return, a top QC warned yesterday.

‘Unenviable balancing act’ confronting The Bahamas

The Bahamas “faces an unenviable balancing act between food security and fiscal discipline”, the Inter-American Development Bank (IDB) warned yesterday, with global financial developments proving “particularly concerning”.

Car Show 'bounce' in 83-100% sales growth

BAHAMIAN new car dealers yesterday revealed that the Car Show "bounce" appeared to have returned in 2012, with April's sales up between 83-100 per cent month-over-month compared to March.

Hotels target 'modest increase' for 2012 Q1

By NEIL HARTNELL Tribune Business Editor The Nassau/Paradise Island hotel industry is hoping to enjoy "a modest increase in all key metrics" for January and the 2012 first quarter, the Bahamas Hotel Association's (BHA) president last night pointing out t

GB Power urged: Don’t seek quick $25m recovery

Grand Bahama Power Company (GBPC) and its majority owner were yesterday urged not to target “the shortest period of time” to recover their $25 million in Matthew restoration costs from storm-devastated consumers.

'STRAW THAT BREAKS THE CAMEL'S BACK'

By NEIL HARTNELL Tribune Business Editor Failure to implement crime-prevention methods "could be the straw that breaks the camel's back" for many struggling Bahamian companies, private sector leaders warned yesterday, with "slack" businesses more suscept

'STRAW THAT BREAKS THE CAMEL'S BACK'

By NEIL HARTNELL Tribune Business Editor Failure to implement crime-prevention methods "could be the straw that breaks the camel's back" for many struggling Bahamian companies, private sector leaders warned yesterday, with "slack" businesses more suscept

Port 'dismayed' by Shenanigan's

The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si

Port 'dismayed' by Shenanigan's

The Grand Bahama Port Authority (GBPA) has described itself as "dismayed" by criticisms from a Bahamian businessman who closed his Port Lucaya Marketplace restaurant blaming high rents, arguing that he had been "unresponsive" to attempts to resolve the si

The bigger picture on local buying

Use Chamber voice logo. Byline 'By Ian Ferguson', and use Pic of him The expression 'Buy Bahamian' was uttered many years ago in a desperate plea to encourage locals to support, and buy goods and services, produced in the Bahamas. I believe it was Clevel

Atlantis 'savours' $1.9bn refinance

Atlantis was yesterday said to be “savouring” its completed $1.9 billion debt refinancing, its owner having invested some $500 million in the property since taking control two years ago.

FINCO in profit boost as bad loans hit $100m

FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in

Bimini Bay facing homeowners revolt

The Bimini Bay Resort is facing a homeowners revolt in the Supreme Court, with multiple purchasers voicing concerns over how their properties and multi-million dollar maintenance fee sums are being managed.

Contractor loses ‘millions’ in 4-year BEC theft fight

A former Bahamian Contractors Association (BCA) president yesterday said his business had lost “millions of dollars” during his four-year fight against electricity theft charges, and he was now trying “to put the pieces together again”.