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Resorts World Bimini’s appeal against a court decision upholding a US government ban on its night-time cruises appeared to be in peril last night, after it missed a key filing deadline.
A dissenting Court of Appeal judge branded a resort’s argument that the hotel union ceased to exist as “Alice in Wonderland”, adding that common sense would “fly out of the window” if it was accepted.
A well-known Bahamian waste services provider yesterday said it was “amazing” that no details surrounding the New Providence landfill’s takeover by a private company had been supplied to the industry, describing the entire saga as “odd”.
Arawak Homes’s latest project has been delayed because the “paper isn’t moving fast enough”, its president backing revisions to a Planning and Subdivision Act that it believes is “too cumbersome” in its current form.
A well-known retail entrepreneur has called for the minimum wage to be increased by 75 per cent to $7 per hour despite acknowledging that such a rise would “be challenging for me”.
The value of new construction permits issued Bahamas-wide declined by 34 per cent year-over-year to $472 million in 2013, with the drop-off especially pronounced in Grand Bahama.
The Bahamas International Securities Exchange (BISX) is eyeing a record year for mutual fund listings, its chief executive revealing that at least 10 are anticipated before 2014 closes.
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The Bahamas is facing a “troublesome realignment” of its external accounts, a former finance minister has warned, noting this nation has amassed a collective $5 billion-plus current account deficit over the past four years.
AML Foods yesterday said it was “not terribly excited” about its first quarter net income more than doubling to $1.346 million, a result aided by a further 20 per cent reduction in shrinkage during that period.
AML Foods’ chief executive yesterday called for the Bahamas International Securities Exchange (BISX) to change the way it calculates daily stock prices, warning that a small 1,200 share trade can currently “wipe out” $1.5 million in value for his company’s investors.
JetBlue Airways yesterday began daily direct flights from Ronald Reagan Washington National Airport (DCA) to Lynden Pindling International Airport (LPIA).
Customs was yesterday urged to “red flag” businesses that paid for commercial-size imports via cash or personal cheque, with the Chamber’s chairman warning: “We’ve got to squash the informal economy.”
THE Bahamas International Stock Exchange (BISX) yesterday said it had seen a year-to-date increase in its All-Share Index of 3.13 per cent.
Employers have for many years seen the benefits of hiring front-line employees who have a high degree of physical beauty to welcome and serve their patrons.
Rosewood at Baha Mar, the developer’s luxury hotel that is projected to open in December 2014, is sending four associates to train at the brand’s properties in the US, Mexico and the Caribbean.
A well-known contractor yesterday urged the Government to identify and alleviate the “bottlenecks” in the planning and approvals process, particularly for single-family homes, claiming that such projects were pumping money directly back into the the economy.
Senior business executives yesterday called for all public office holders to settle outstanding bills and taxes before accepting their positions, with the Chamber’s chairman urging that chronic defaulters be prosecuted.
BROKERS yesterday blamed delayed import clearances on repeated crashes of Bahamas Customs’ electronic single window (ESW) system, despite recent assurances from its Comptroller that “all the kinks” have been worked out.
BAHAMIAN fishermen have backed proposed legislation that would limit the amount of seafood foreign sports fishermen are allowed to retain, estimating that this nation’s fisheries sector is losing $3 million a week to thisl practice.
• On Page 7B in Tribune Business on Thursday, June 19, a photo of a sword recovered off the Berry Islands was captioned as having been recovered by Roger Miklos.
Nygard Cay’s near-doubling in size has resulted from development activity that frequently lacked the proper building permits, with structures not built “to normal coastal construction standards”.
A well-known QC yesterday expressed hope that “a paradigm shift in Town Planning” had occurred, after the Government announced a 21-day consultation period over Nygard Cay’s proposed redevelopment.
The $2.3 billion Atlantis debt refinancing will reduce leverage on the hotel and replace the existing short-term credit facility with a seven-year loan, Prime Minister Perry Christie revealed yesterday.
THE Government is aiming to reduce the Water & Sewerage Corporation’s (WSC) arrears with BISX-listed Consolidated Water, its main supplier, to just under 90 days, after approving a $20 million subsidy for the 2014/2015 fiscal year.