Local Business


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Inagua ‘ghost town’ on Morton lock-out

Fears were rising last night that Inagua will become “a ghost town” after Morton Salt gave its workers a 15-day ultimatum to agree acceptable industrial terms or be “locked out” of the plant.

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‘First time-ever an employer is going on strike’

A trade union leader yesterday branded Morton Salt’s 15-day “lock-out” ultimatum to its workers as “the first time in Bahamian history that an employer has gone on strike”.

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Ex-minister’s $6m judgment plunges BOB back into loss

A $6m default judgment obtained by a former Cabinet minister’s companies has plunged Bank of The Bahamas back into multi-million dollar losses and halted its financial recovery efforts.

Auto chief backs insurer’s concern on tech struggles

The Bahamas Motor Dealers Association’s (BMDA) president yesterday said he “fully agrees” with a top insurer that auto repair shops are struggling to keep pace with technology advances.

Aviation fears pilot shortage

THE Bahamas could suffer a shortage of commercial airline pilots due to the aggressive recruitment drives and higher salaries being offered by major global carriers.

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End to insurers’ VAT wrangle ‘very close’

BAHAMIAN insurers are ‘very close’ to having to having their concerns over Value Added Tax (VAT) refunds resolved, the chairman of the Bahamas Insurance Association (BIA) said yesterday.

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URCA to look into complaints as channels vanish

THE Utilities Regulation & Competition Authority (URCA) said yesterday it is looking into RevCable Bahamas’s recent channel line-up change which has left many of the company’s customers irate.

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‘We’ll bring order to taxicab chaos’

TRANSPORT and Local Government Minister Renward Wells yesterday affirmed the government’s commitment to bringing order to the taxicab sector which he said “has been allowed to mushroom into chaos”.

Micro-insurance proposal to close the gap

BAHAMAS First’s top executive yesterday suggested government’s in the Caribbean should consider providing some form of micro-insurance solutions for people who cannot afford traditional insurance, noting the persistently low insurance penetration rates ‘is largely a question of economics’.

Mixology and mingle ahead of culinary contest

The Bahamas Hotel and Tourism Association (BHTA) and the 2019 Bahamas National Culinary Team welcomed the industry to their “Culinary and Mixology Extravaganza” held at SLS last Thursday.

FOCOL ‘ready for change’

At a recent annual general meeting for ordinary shareholders, executives from FOCOL Holdings Limited said the company is poised to meet changes in the energy sector while evolving to meet global advancements in climate change.

Unions unite to threaten taxi and bus service shutdown

Taxi and jitney drivers have now joined forces and are threatening a ‘massive shutdown’ if government does not take their concerns seriously, stating: “We will no longer be pushed aside.”

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Concern over margins on new breadbasket items

Supervalue’s owner says retailers will have to ‘wait and see’ what margins are allowed on the items to be added to the breadbasket list, noting if the low grocery margins are used for such perishable items it could force smaller retailers out of business.

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Rehabilitation work underway on airport runway and taxiway

Major rehabilitation work has begun on Runway 09/27 (soon to be Runway 10/28) and Taxiway India at Lynden Pindling International Airport (LPIA). Nassau Airport Development Company (NAD) has partnered with local firm Bahamas Hot Mix to complete the capital project valued at just under $20 million.

Canadian firm chases unpaid millions from Renew walkaway

A Canadian recycling manufacturer says it is has been left ‘holding the bag’ over a multi-million materials recycling facility (MRF) sold to the New Providence landfill’s former manager Renew Bahamas, and is now urging the government to bring an end to the ‘back and forth’.