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Sandals ‘acted correctly’ over termination of employees

PETER Goudie, co-chairman of the National Tripartite Council, has defended the way Sandals Royal Bahamian Resort terminated more than 600 employees last month, saying the resort followed the law and acted correctly.

Baha Mar and VAT ‘sucked’ $700-$900m from the economy

Baha Mar and Value-Added Tax (VAT) have collectively “sucked” between $700-$900 million out of the Bahamian economy since 2015, a local businessman estimated yesterday, amid expectations that some funds may now be recovered.

Bahamas First in 94% first half profits jump

Bahamas First has unveiled a 94 per cent year-over-year increase in first half profits, although this was driven largely by a $4 million gain in the value of its investment holdings.

Poland books spot in Bahamas Beach Soccer World Cup 2017

POLAND is the first team to book their place at the FIFA Beach Soccer World Cup in the Bahamas, with Italy, Portugal and Switzerland in position to join them today.

Bahamas Bar slams its doors shut on legal expert

ON TUESDAY, The Tribune reported that the Bahamian law firm representing Sarkis Izmirlian, the developer of Baha Mar, had expressed frustration over the Bahamas Bar Association’s rejection of its application to bring in a foreign Queen’s Counsel to join their legal team.

We’ve ‘lost our way’ in financial services

A former Financial Services Minister has admitted that Bahamians have “lost our way” and become “too comfortable” in the financial services sector, adding: “We need to invest in ourselves and our industry.”

Business to resist ‘heavy handed’ labour law reform

The private sector will resist any “heavy handed” move to impose the proposed labour reforms on it, the Chamber’s chief executive yesterday warning they were “not sitting well” with the business community.

$500,000 from social services to help kids go back to school

MINISTER of Social Services Melanie Griffin yesterday revealed that her department spent roughly $500,000 to prepare students attached to its Renewing, Inspiring, Sustaining, Empowering (RISE) Programme ahead of the 2016-2017 school year.

YOUR SAY: An accountant’s tip for negotiators to solve the hotel gratuities issue

I have worked as a director of administration and financial controller in the hotel industry so I have an idea as to how the system of gratuities can be improved in the Bahamas.

Science workshop aims to tackle coral decline

AN international partnership aimed at reversing the decline of coral reefs in the Bahamian archipelago has been launched at a science workshop in Rock Sound, Eleuthera.

Atlantis ‘racing’ turtle raises awareness of sea threats

A LEATHERBACK turtle sponsored by Atlantis, Paradise Island, as part of its marine conservation efforts is aiming to be the fourth winner in five years for the resort in a marathon ‘race’ from its nesting beaches to its foraging grounds.

Sandals: Under 2/3 of workers reapply

Renovations at Sandals Royal Bahamian are ‘on track’ to be completed in time for its planned mid-October reopening, the resort’s project manger said yesterday, adding that the daily construction workforce would peak at 200 persons.

Rental cars hit at ‘too high’ NAD fees

Rental car companies yesterday hit out at the Lynden Pindling International Airport’s (LPIA) operator over lease rates that they argued were “too high”, suggesting their resistance was behind its recently-launched search for new players.

PI Open on par for Ocean Club Golf Course this Saturday

THE first event of the Bahamas Golf Federation’s “Cup Series” will aid the development of the organisation’s junior programme and the fight against breast cancer.

VIDEO: Amazing basketball trick shot from Atlantis bridge

COLLIN Sexton, one of the hottest young basketball prospects in the United States, pulled off an amazing trick shot in the Bahamas recently by hitting a basket 220 feet below from the Royal Towers bridge at Atlantis, Paradise Island.

SPORTS NOTES

PARADISE ISLAND GOLF TOURNEY

BoB rocked by new $24m loss

Bank of the Bahamas suffered another $24 million loss for its 2016 financial year, shareholders have been told, as the BISX-listed institution asks them for a further $40 million in equity capital.

Education is the real solution

I would like to add to the discussion about crime. Crime cost The Bahamas millions annually in security cost, health, law enforcement and other related impediments. So far, the approach to combating crime in The Bahamas and the Caribbean has been combative instead of preventative.

‘We’re no longer the best owner’ for Bahamian bank

A Swiss financial group has sold its 85 per cent majority stake in Nassau-based Private Investment Bank (PIB), conceding that it “might no longer be the best owner” for the institution.

Making Hstory: Bahamas defeats USA 5-4, expects jump in world rankings

THE Bahamas defeated the United States of America in beach soccer for the first time in the country’s history.

The Tribune

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