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Crystal Palace to train over 3,000
Baha Mar will use the former Crystal Palace Hotel and casino to train more than 3,000 potential staff for its $3.5 billion development, as it moves to structure its workforce for the late Spring 2015 opening.
Auto prices 11% higher under lower VAT rate
New auto prices will likely be 7-11 per cent higher under the lower rate Value-Added Tax (VAT) than the previous 15 per cent proposal, a leading dealer yesterday suggesting the Government lacked confidence in its own revenue projections.
Banks face 'Hand to hand mortgage combat'
Bahamian financial institutions are engaged in “hand to hand combat” to find scarce quality mortgage clients, a leading banker yesterday arguing that 8 per cent interest yields were not enough top compensate for high delinquency rates.
‘Not out of woods’ despite lowest deficit for 10 years
The Prime Minister yesterday warned Bahamians “we are not yet out of the woods” as he hailed the lowest first quarter fiscal deficit “in more than ten years”.
Bahamas 'on pace' for 2008 stopover levels in 6 months
AIR arrivals to the Bahamas are likely to match 2008 pre-recession levels "in six months at the pace we're going", the director-general of tourism said yesterday, telling Tribune Business that the extension of the 'Air Credit' promotion three weeks ago had generated bookings equivalent to almost 6,000 stopover arrivals.
Construction’s fears on ‘bread and butter’
The Bahamian Contractors Association’s (BCA) president has voiced fears that construction’s “bread and butter” will be undermined if the declining trend in mortgage loan approvals persists.
WORLD VIEW: Haiti urgently needs a genuine and representative transitional government
HAITI’S non-elected President, Dr. Ariel Henry has been identified as a significant part of the current crisis in Haiti. Henry and a small clique, who surround him, are hardly running the affairs of the state. Indeed, as armed gangs control more than 60 per cent of Port-au-Prince and the main corridors throughout Haiti, the disappearance of the state is obvious.
Financial services eyes ‘closed Bar’, tax system change
The financial services industry was yesterday said to be in the “initial stages” of determining whether the Bahamas’ ‘no tax’ model and “closed Bar” provide the best platform for ensuring its survival.
One&Only staff ‘pretty supportive’, says manager
ONE&ONLY Ocean Club employees were yesterday said to be “pretty supportive” of the changes at the Paradise Island-based property, as the luxury hotel’s general manager dismissed talk of low employee morale ahead of the hotel’s anticipated reopening after four and half months.
Low testosterone levels in men linked to more severe COVID-19 cases
A fourth COVID-19 surge in reported cases, hospitalisations and deaths has our small nation’s healthcare system on the brink of disaster. The more contagious Delta variant and vaccination hesitancy among young adults, in particular, has led to an increase in younger COVID-19 patients being admitted to hospital with severe cases of the virus, when compared to the three previous pandemic surges.
Water Corp controversy highlights reform need
I was extremely reluctant to write this article because it is political “silly season”, and at this time whatever one says or does in our polarised country, you are then labelled as being affiliated with a certain party.
INSIGHT: Analysis – Much uncertainty ahead in US-Cuba relationship
Fidel Castro’s death highlights doubts as to whether Cuba’s critical neighbours will continue a policy of resuming normal ties, Bradley Klapper says . . .
INSIGHT: Dare to dream your own destiny
‘Everybody is a Genius,’ said Albert Einstein. ‘But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.’ This week, millions of students all over the world will be returning to classes to rece
60% non-insurance 'huge factor' for Abaco's rebuild
The Abaco Chamber of Commerce’s president yesterday warned that the 60 percent non-insurance rate will be a “huge factor” limiting the pace and extent of the island’s recovery.Ken Hutton told Tribune Business that the relatively low level of insuranc
ART OF GRAPHIX: Strong work ethics to open many doors
When it comes to employment, there is one ‘must have’ trait. Can you guess what it is? It is work ethic. Many job seekers struggle to understand that work ethic is more than just an innate mix of good family upbringing and personal qualities but, rather, a trait you can actually nurture. So, what does work ethic mean? Work ethic refers to a set of key moral values that guide individuals towards successfully completing their work in a formal environment.
Avoid furlough end ‘double whammy’
The Grand Bahama Chamber of Commerce’s president has warned that the furlough period’s end must be “well thought-out” to avoid inflicting a “double whammy” on workers and businesses.
FNM’s deputy slams storm tax ‘nonsense’
The Opposition’s finance spokesman yesterday slammed the Government’s ‘hurricane tax’ proposal as “nonsense”, warning that an “already devastated” society and economy would find it impossible to bear further cost increases.
Duke Blue Devils win the Battle 4 Atlantis
DUKE’S senior’s garner much of the media attention, but it was sophomore point guard Quinn Cook who made nearly every key play down the stretch to lead the Blue Devils to the 2012 Battle 4 Atlantis Championship.
Airline's $4m spend hinging on US pass
A leading aviation executive yesterday said the success of his latest $4 million investment depends heavily on whether the Bahamas retains Category 1 status with the US, with federal inspectors due back in this nation today.
Multi-billion developers eye Ocean Club purchase
An Argentine developer and his Ukrainian-born billionaire partner are the duo seeking to acquire the One & Only Ocean Club from Brookfield Asset Management, Tribune Business can reveal, although no deal has been sealed yet.
