Local Business


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'No clue' over $300 minimum wage hike

The Chamber of Commerce's top workforce specialist yesterday revealed he has "no clue" where the director of labour's assertions about a $300 weekly minimum wage originated from.

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Blacklisting: Ex-AG fears others will follow France

An ex-attorney general yesterday warned that France’s “blacklisting” of The Bahamas may entice other countries to follow suit, and urged this nation to seek US help in defending its interests.John Delaney, principal of the Delaney Partners law firm,

Customs won't accept 'garbage information'

A top Customs official yesterday warned its new system will not accept “garbage information” as a Bahamian firm unveiled software designed to smooth the Click2Clear user’s experience. Information Specialists Bahamas (ISL), a software development com

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Governance reformer: $210 minimum wage can't meet living cost

A governance reformer yesterday argued it is impossible to live on a $210 weekly minimum wage because “the Bahamian cost of living is too high”. Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, told Tribune Business that

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Bahamas ‘too profitable’ for an RBC exit

A former finance minister yesterday voiced optimism that The Bahamas is “too profitable” for Royal Bank (RBC) and its Canadian rivals to abandon following their eastern Caribbean exit.

University deal to give tourism boost

The University of The Bahamas has signed a Memorandum of Understanding (MoU) with a key tourism agency to help strengthen the sector’s resilience and growth prospects.The agreement with the Tourism Development Corporation is also intended to deepen t

No GB jobless survey till 2021

The Department of Statistics may not undertake a survey of Grand Bahama’s jobless levels until May 2021, its acting director revealed yesterday.Leona Wilson explained that a combination of post-Hurricane Dorian fall-out, with the Department’s Grand B

Bank unveils first apprentice winner

The Bahamas Development Bank (BDB) yesterday unveiled the first beneficiary of its new apprenticeship programme, which is named in honour of its first managing director, Warren Logan-Rolle. K Peter Turnquest, deputy prime minister, speaking at a pre

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$170m vehicle to 'surpass' Caribbean renewable lead

Bahamian investment will ultimately be sought in a $170m special purpose vehicle (SPV) that aims to “surpass” the government’s timeline for this nation to become “a Caribbean renewable leader”. An Inter-American Development Bank (IDB) report, which

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Atlantis: 'Responsible wage increase' please

Atlantis wants “responsible wage increases” to be the outcome of the hotel sector’s industrial agreement negotiations, its top executive told thousands of staff yesterday. Audrey Oswell, the Paradise Island-based resort’s president and managing dire

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Realtor chief urges further clarity over 'free' crown land

The Bahamas Real Estate Association’s (BREA) president yesterday urged the government to clarify its proposed “Crown Land giveaway” to facilitate post-Hurricane Dorian reconstruction.Christine Wallace-Whitfield, pictured, questioned whether persons b

Bahamas aviation boost in US deal

The Bahamian tourism and aviation industries are set for a further boost through this nation formalising its long-standing relationship with the US, a senior regulator revealed yesterday. Juliea Brathwaite-Rolle, head of the Bahamas Civil Aviation A

Insurers suffering Dorian 'loss creep'

Bahamian insurers are suffering from Dorian “loss creep” with initial damage assessments having to be revised upwards upon secondary inspections, a top executive said yesterday.Tom Duff, Insurance Company of The Bahamas (ICB) general manager, told Tr

Hundreds graduate from BahamasHost initiative

Hundreds of persons have graduated from the fall 2019 BahamasHost initiative that is designed to improve service and the guest experience in the tourism industry. Kirkland Pratt, BahamasHost’s director of industry training, said: “For the fall 2019

Fiscal Council delay on IMF training wait

The Fiscal Responsibility Council (FRC) has yet to give its recommendations and advice on the recently-unveiled Fiscal Strategy Report (FSR), the deputy prime minister confirmed yesterday. Speaking to Tribune Business outside the House of Assembly,