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CONSTRUCTION & MANUFACTURING: 8,800 JOBS LOST IN 3-YEAR PERIOD
By NEIL HARTNELL Tribune Business Editor The Bahamas lost a total 8,870 jobs in its construction and manufacturing industries between 2007-2010 as a result of the global recession, a United Nations (UN) Body has reported, with per capita GDP only now beg
Bahamasair suffers $8.5m income loss
BAHAMASAIR has warned the trade union rep- resenting its line staff that it faces “stark financial realities”, having lost $8.5 million in income this financial year with the possibility of further setbacks to come.
CIBC: Bahamas worst for ‘bad’ mortgages
CIBC’s top Caribbean executive yesterday revealed that the “magnitude” of non-performing home loans in the Bahamas was “greater than anywhere else” in the region, this nation accounting for 50 per cent of the bank’s ‘bad’ mortgages.
ROBERTS EARNS TOP DESIGNATION
Larry Roberts, chief executive of NAI Bahamas, the commercial division of Bahamas Realty, has achieved the SIOR office designation awarded by the Society of Industrial and Office Realtors. SIOR is a Washington DC-based international organisation of more
Bahamian management consultants move ahead
Bahamian management consultants move ahead The interim Bahamas Chapter of the Caribbean Institute of Certified Management Consultants (CICMC) has taken another step towards full Chapter certification and affiliation. Dennis Strong, a world-renowned manag
Gov’t is warned: Don’t fall in love with VAT monies
The Government has been warned not to become “too enamoured” with Value-Added Tax’s (VAT) relatively successful start in preparing next week’s 2015-2016 Budget.
Don’t make Moody’s a ‘political football’
The Bahamas will have “no one to blame but ourselves” if Moody’s follows through with its threat of a potential ‘junk’ downgrade, the Chamber of Commerce’s chief executive yesterday urging all politic
What employers look for in their workers
What employers look for in their workers By Ian Ferguson In a few months our seniors will be leaving high school, with many of them seeking employment in our already-saturated job market. The question is: "Will many of them be equipped with the competen
Shareholder outrage over ‘no change’ BOB
Bank of the Bahamas shareholders yesterday reacted with outrage over the decision to nominate the existing Board of Directors for re-election, one demanding: “Where does the buck stop?”
Realtors targeting $40m sales to wake ‘sleeping giant’
Bahamian realtors yesterday said they were targeting “$40-odd million” in total sales as they bid to awaken the ‘sleeping giant’ that is the Lyford Hills project, which is being developed by ex-Cabinet minister Tennyson Wells.
All Govt’s ‘committed sins’ managing nation
A Cabinet Minister yesterday admitted that successive governments had “committed some sins” in failing to properly manage the Bahamas, as he warned: “The world is leaving us behind.”
PM: Atlantis makes granting Chinese demands impossible
The Prime Minister yesterday said Atlantis’s ‘most favoured investor’ status made it impossible for him to grant the type of incentives the Chinese were said to be demanding over Baha Mar.
QC: Don’t reward $35m Nygard ‘law breaking’
The Government was yesterday urged not to reward two decades of alleged law-breaking by approving Peter Nygard’s new development applications, a well-known QC suggesting he had seized land worth $35 million without permission.
BTC mobile competitor ‘not planning to lose’
The Bahamas’ second mobile operator says it is “not planning to lose”, as it kicked-off its market entrance with the introduction of the ‘Aliv’ brand, promising to deliver a superior experience and customer plans.
VAT guidance notes undermine core financial sector policy
The Government’s “inconsistent” Value-Added Tax (VAT) positions are threatening to undermine core financial services policy objectives, a top QC warned yesterday, threatening a loss of competitiveness and high-value business.
Water Corp: $1.2m claim was resort financing ploy
The Water & Sewerage Corporation has defeated a $1.227m damages claim for trespass that it alleges was merely a ploy attempting to force it to finance a planned Andros eco-resort.
QC slams ‘free lunch’ for Port and Hutchison
A well-known QC has slammed the Government’s Freeport incentive legislation for “giving a free lunch” to those who can most afford it - Hutchison Whampoa and the Grand Bahama Port Authority’s (GBPA) two family shareholders.
Baha Mar remains Gov’ts economic ‘Achilles heel’
THE Bahamas Chamber of Commerce’s (BCCEC) chief executive yesterday said he was “sceptical on the timelines” for a Baha Mar resolution, describing the $3.5 billion project as the Government’s economic “Achilles heel”.
Broker blames SEC battle on regulator’s ‘inaction’
A Bahamian broker/dealer has blamed the Securities Commission’s “inaction” for creating its dispute with US regulators over their document production demands.
Bahamas ‘open for business’ on oil exploration
The Government was yesterday praised for sending “a signal that the Bahamas is open for business” by moving to bring the oil exploration regulatory regime into law, a move that will facilitate well drilling in 2017.
