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Employer redundancy cap fears 'overblown'
Employer concerns over an increase in redundancy pay were yesterday branded as “overblown”, a senior trade union leader suggesting the current ‘cap’ should be doubled.Obie Ferguson, the Trades Union Congress (TUC) president, told Tribune Business tha
AID at 85-90% of pre-fire sales
MAJOR construction on Automotive Industrial Distributors' (AID) new Wulff Road headquarters should be completed within eight months, the company's operations manager yesterday told Tribune Business that the company's sales had recovered to 85 to 90 per cent of pre-fire levels.
No public interest in Sand Dollar
This Sand dollar thing - Central Bank says 90% of all bank accounts have a credit balance of $1,000.
Sports notes
THE New Providence Basketball Association kicked off the other half of its playoff series on Wednesday night at the AF Adderley Gymnasium with the defending champions, Commonwealth Bank Giants, and the PJ Stingers winning the John Archer divisional double header.
50% sales mark Serene progress
A LUXURY gated community in western New Providence is 50 per sold on its first phase, a marketing executive told Tribune Business yesterday, with the developer eying the completion of an upscale clubhouse by month’s end.
Two more years for Longley as Chief Justice
CHIEF Justice Sir Hartman Longley will continue as the country’s top judge for another two years, an announcement from the Cabinet Office confirmed yesterday.
Balmoral to feature $100m in real estate
The Balmoral’s developer yesterday said the project would be completed in six months, estimating that it will contain $100 million worth of real estate at full build-out.
‘No big improvement’ to $1.3bn bad loans in 2015
The $100 million Bank of the Bahamas ‘bail out’ helped to staunch the industry’s 2014 bad loan bleeding, but “no significant improvement” to this problem is expected in 2015.
Japan trio all in action - but with mixed results
The trio of Bahamian players in the Japanese B-League were all in action over the weekend with mixed results for their respective teams.
Court filing sheds light on FTX fund transfers
FTX’s Chapter 11 lawyers applyed for a motion for the enforcement of an automatic stay from creditors in FTX proceedings due to shuffling of funds days prior to the chapter 11 filing, new court filings state.
FTX lawyers apply for creditors stay
FTX’s Chapter 11 lawyers applied for a motion for the enforcement of an automatic stay from creditors in FTX proceedings due to shuffling of funds days prior to the chapter 11 filing, new court filings state.
Sports in brief
THE New Providence Volleyball Association continued its second playoff series at the DW Davis Gymnasium on Wednesday night as the Johnson’s Cherry Bombs swept the College of the Bahamas Lady Caribs 28-26, 25-17 and 25-22 to win the series 2-0 and advance to the ladies’ championship.
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
Freeport store releases 22 due to 90% fall-off
A major Freeport hardware and supply store has been forced to let more than one-third of its employees go after Hurricane Dorian wiped out 90 percent of its revenue and inventory.
Team Bahamas wins Co-Ed Slow Pitch World Cup
THEY had some distractions before they left and they almost completed a perfect trip through the tournament. But nobody can argue that the Bahamas Government Departmental Softball Association’s 25-member team will be returning home today as the champions of the 2015 WBSC Co-Ed Slow Pitch Cup in Plant City, Florida.
Golden Gates men take game one of BSC best-of-3 softball championships
JEFFERY Woodside cracked a three-run home run Tuesday night as Golden Gates rebounded for a 13-12 come-from-behind walk-off-the-field victory over Charles W Saunders to snatch game one of the Baptist Sports Council men’s best-of-three championship series.
D’Aguilar: Health visa has worked for nation
TOURISM Minister Dionisio D’Aguilar has defended the government’s use of the travel health visa saying it has “worked well” for the country.
Disney: ‘We’ve struck right tone’ on Eleuthera project
Disney Cruise Line’s president yesterday asserted the cruise line had “really struck the right tone” in balancing economic development with conservation at a Lighthouse Point project it hopes to start this year.
Offshore sector 'reverses' decline via 12.6% growth
The Bahamas’ international banking industry had “reversed” the recession-induced balance sheet contraction by 2011, growing assets by 12.6 per cent that year.
