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Employers urge: 'Think through' labour reforms

Companies in the tourism, construction and retail sectors were yesterday urged to “pay special attention” to the Government’s proposed Employment Act reforms, with employers also expressing concern over changes to ‘rest periods’ and holiday pay.

Latin American arrivals up 30%

VISITOR arrivals from the Latin American market have grown by 30 per cent this year on the strength of the Copa Airlines’ Nassau-Panama route, the Ministry of Tourism’s director-general said yesterday.

Real estate: 90% of transactions starting on-line

One-third of the Bahamas Real Estate Association’s (BREA) estimated 500-600 members are actively participating in its Multiple Listing System (MLS), the organisation’s principals yesterday saying this tool and their revamped website would “level the playing field” in a sector where 90 per cent of deals start on-line.

Understanding what true worth really is

Don’t stress. This is not going to be a lecture on accounting practice.

Tourism continues airlift meetings

TOURISM executives plan to hold talks with up to 12 carriers as part of a strategy to create additional airlift that will support the expanded hotel room inventory set to come on stream in the next two years.

Regulator waives separate accounts demand on Cable

Regulators last night agreed to “defer” their demand that Cable Bahamas publish separate accounts for its different business units, agreeing that this was unnecessary because the company did not provide services to rival operators.

Jobs initiative targets women

A FOUR-week job readiness workshop designed to prepare unemployed women to enter the job market is set to launch next week, an initiative that co-ordinators said yesterday will help “meet the gap” in Bahamian society.

Bahamas targets 1m increase in airline seats

TOURISM Minister Obie Wilchombe said yesterday he is targeting an additional one million airline seats to the Bahamas, telling Tribune Business that 500,000 more per annum will be needed to ensure hotel rooms can be filled when Baha Mar opens in 2014.

Pompey Square eyes winter 2012 finish

CONSTRUCTION on the $2.5 million Pompey Square ‘green space’ is expected to be completed between October  and  early November 2012, and will provide “the catalyst” for the visual revitalisation of Bay Street and Nassau’s city.

Baha Mar builds employee pool

BAHA MAR has been on an aggressive social media campaign to widen the pool of potential hires for when the resort opens in 2014, its senior vice-president of external and governmental affairs telling Tribune Business yesterday that close to 7,000 jobs would be available once the hiring process begins.

United to start Chicago airlift into Nassau

UNITED Airlines is set to begin weekly peak season service between Chicago and Nassau next February, with Tourism minister Obie Wilchombe telling Tribune Business yesterday that he was already looking at trying to expand that service to three times a week.

Flagging up the true independence meaning

Lift up your head, to the rising sun Bahama land, March on to glory your bright banner waving high…..…It was a humbling experience as I observed with admiration the little ones at my church with their hands by their sides, while they sang loudly the Bahamas National Anthem. It was moving!!

Economy 'cannot support' National Health scheme

The Bahamian economy “cannot support” the Government’s proposed comprehensive National Health Insurance (NHI) scheme, a leading private sector official warning it would act as a barrier to reducing already-high unemployment and threatened to create a “dependency” culture.

BTC opens third GB retail outlet

The Bahamas Telecommunications Company (BTC)has opened its third retail store in Grand Bahama, after investing $250,000 to upgrade a 1,900 square foot space at Seahorse Plaza in Lucaya.

Gov't to place $200m bond 'with relative ease'

The Government should be able to fully place its $200 million Registered Stock issue “with relative ease”, a well-known investment analyst said yesterday, despite it being the largest one-time placement in recent memory.

Bahamian architect wins major award

A Bahamian architecture firm has won the Star Building Systems’ 2011 Master Builder Award in the large commercial category for its work on AML Foods’ $5 million Solomon’s Fresh Market store at Old Fort Bay Town Centre.

Gov't 'killing business' via 20% payroll increase

A well-known Bahamian businessman yesterday warned that incorporating a mandatory lunch hour into the 40-hour work week would raise his payroll costs by almost 20 per cent, and told the Government: “You’re killing business.”

Realtor eyes COB degreee for industry

By NEIL HARTNELL

Employers fear double whammy via Act reforms

Bahamian companies fear the Government’s proposed amendments to the Employment Act will “decrease productivity and raise the costs of doing business” at a time when the country can least afford it, and force “marginal” businesses to permanently close their doors.

CLICO liquidator faces 'stonewalling' claim

CLICO (Bahamas) liquidator was yesterday accused of “stonewalling” efforts by the insolvent insurer’s Trinidadian affiliate to obtain information relating to its $52 million claim on the winding-up process, forcing it to file a ‘motion for sanctions’ against him.

$20m maritime academy set for January '14 start

THE first phase of a $20 million maritime institute, which will be established at Silver Cay, is expected to be open no later than January 2014, said the head of the company spearheading the initiative.

The right message for the right time

In 1923, Claude Hopkins wrote the book, ‘Scientific Advertising’. Unless you are a student of the direct response marketing game you will not recognise his name.

Atlantis settles gratuity lawsuit

Atlantis has moved to settle a US class action lawsuit that alleged it failed to properly disclose to guests how a “mandatory housekeeping gratuity and utility serve fee” charge was used, with Kerzner International agreeing to remove the word ‘housekeeping’ from all marketing and promotional material.

$9.4m increase 'no evidence' of moral hazard on mortgages

A leading banker believes there is “no evidence” to show the almost-$10 million May increase in mortgages between 31-90 days in arrears was produced by moral hazard relating to the political parties’ relief plans, adding that data indicates the bad credit situation is “bottoming out”.

Marching to a better beat

Having just enjoyed the nation’s 39th birthday, The Chamber Voice pauses to honor a country that has accomplished much.