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Gas station warning of New Year lay-offs
A gas station operator yesterday warned the 24 percent minimum wage increase will “almost certainly” force the sector to cut staffing levels unless the Government grants a long-awaited margin increase.
Hotels to beat eight-year rate recovery target
By NEIL HARTNELL Tribune Business Editor The Bahamas Hotel Association's (BHA) president believes the industry will return room "rates to pre-recession levels much faster" than the world average, after a renowned travel research firm said this could take
Hotels to beat eight-year rate recovery target
By NEIL HARTNELL Tribune Business Editor The Bahamas Hotel Association's (BHA) president believes the industry will return room "rates to pre-recession levels much faster" than the world average, after a renowned travel research firm said this could take
Hotels to beat eight-year rate recovery target
By NEIL HARTNELL Tribune Business Editor The Bahamas Hotel Association's (BHA) president believes the industry will return room "rates to pre-recession levels much faster" than the world average, after a renowned travel research firm said this could take
PM says: ‘Make best of bad situation’ on VAT
A “very conciliatory” Prime Minister Perry Christie has urged the private sector to “make the most of a bad situation” on Value-Added Tax (VAT) and its implementation, Tribune Business can reveal.
Gov’t braces for tax breaks legal battle
The Government was last night bracing for an outspoken QC’s latest Judicial Review salvo, after it missed his deadline to provide “an undertaking” that no decisions will be taken on Freeport’s tax and economic regime.
Sixty-day termination notice ‘recipe for woe’
The National Tripartite Council’s co-chairman has branded the proposed ‘60-day advance notice’ that employers must give of impending redundancies as “a recipe for putting your business in trouble”.
Pension providers enjoy ‘significant’ 100% inquiry rise
Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.
‘The s*** has hit the fan’
The Bahamian economy is paying the price for the Government’s “financial disasters” in attempting to run businesses, a leading executive blasting yesterday: “The s* has hit the fan.”
Bank payment charges need ‘legitimate redress’
THE Central Bank yesterday appeared to concede that fees for payment services were too high and “require legitimate redress”, a view shared by 78 per cent of Bahamians.
CABLE TO 'REVOLUTIONISE' COMMUNICATIONS SECTOR
By NEIL HARTNELL Tribune Business Editor Cable Bahamas' chairman has pledged to "revolutionise" the Bahamian communications industry through being the first 'Triple Play' service provider, the company's net income for the nine months to end-September ris
CABLE TO 'REVOLUTIONISE' COMMUNICATIONS SECTOR
By NEIL HARTNELL Tribune Business Editor Cable Bahamas' chairman has pledged to "revolutionise" the Bahamian communications industry through being the first 'Triple Play' service provider, the company's net income for the nine months to end-September ris
Entertainment 'loses its way'
By NEIL HARTNELL Tribune Business Editor The Bahamian entertainment industry has "lost its way", a leading musical entrepreneur charged yesterday, blaming factors such as a decline in standards among sector players and the 'unfair competition' posed by g
Price control proposal like ‘Gestapo tactics’
The Bahamas Chamber of Commerce (BCCEC) warned yesterday that any Government move to force businesses to reduce prices in line with import duty cuts would be akin to “economic dictatorship” and “Gestapo tactics”.
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
STOPOVER VISITORS TO END 2011 DOWN 3-4%
By NEIL HARTNELL Tribune Business Editor Stopover visitor numbers for the 2011 full year are likely to be 3-4 per cent down on 2010 comparisons, the minister of tourism and aviation conceded yesterday, although the group business rebound meant the Bahama
Trade deficit narrows 9.7%
The Bahamas experienced a 9.7 per cent drop in its trade deficit to $2.554 billion in 2013, largely due to an almost-$300 million fall in its import bill.
COLINA BLASTS POLICYHOLDER LAWSUIT AS 'EMBARRASSING'
By NEIL HARTNELL Tribune Business Editor Colina Insurance Company has slammed as "embarrassing" allegations that it "mis-sold and negligently misrepresented" the benefits of Universal Life insurance policies to five elderly Bahamian policyholders, who ha
