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Business model switch sees RBC Nassau lay-offs

More lay-offs occurred at Royal Bank of Canada’s (RBC) Nassau branches last week, as the impact of its branch closures and business model changes starts to take effect.

Baha Mar bidder dismisses concern

THE Hong Kong conglomerate in talks to purchase the Baha Mar resort yesterday refuted assertions that it was “unsuited to invest in the country”, stating its commitment to integrity and good governance in business operations worldwide.

Man accused of killing Marco seeks trial delay

KOFHE Goodman, the accused man slated to stand trial for the murder of Marco Archer, is asking the presiding judge in his case to have the trial stayed indefinitely as he fears he will not receive a fair trial because of the publicity the case has attracted.

Businesses fear 'havoc' through BEC sabotage

Bahamian businesses yesterday said they were “very concerned” that the alleged sabotage at the Bahamas Electricity Corporation’s (BEC) Clifton Pier plant could mean increased electricity costs and power disruptions in the summer months.

Spanish band to bring rock 'n' roll to Nassau fundraiser

THE Lignum Vitae Centre of Hope is raising funds for its community outreach programmes with a rock n roll event featuring a new band hailing all the way from Spain.

Call for commissioner to address police raid

FNM Deputy Chairman Dr Duane Sands is calling for Police Commisioner Ellison Greenslade to comment publicly on the raid of Darron Cash’s home and for National Security Minister Bernard Nottage to confirm or deny whether those under his command played a role in sanctioning the raid.

Getting glammed up for a good cause

IN CELEBRATION of the Cancer Society of the Bahamas’ 13th annual ball, Bahamians will dine and dance the night away under the theme, “Gliz, Glam and Giving”.

Signs point towards a sellers’ market and increasing value

Tim Rodland sees positive long-term stability in the real estate market despite the implementation of VAT and challenging global economic conditions.

90% of workforce has existing loans

Around 90 per cent of the Bahamian workforce have existing loans to service, although the number of active accounts has declined by 12.7 per cent over a five-year period.

BTC's NGN network spend may hit $70m

THE Bahamas Telecommunications Company (BTC) will likely have invested between $65-$70 million in its Next Generation Network (NGN) for fixed-line broadband by the time it is completed, its chief executive telling Tribune Business that increased penetration in this area was already spurring the creation of "a whole new class of entrepreneurs".

FTX’s Bahamas properties caught in Chapter 11’s net

FTX’s Bahamian real estate purchases - which could be worth a collective $300m - were made through a company currently covered by US Chapter 11 bankruptcy proceedings rather than the Bahamian provisional liquidators.

City Markets' Nassau staff join GB lawsuit

NASSAU-based City Markets employees have joined a legal action filed back in February on behalf of the supermarket chain's Freeport staff, their former attorney confirmed yesterday, in an effort to preserve salary arrears and severance entitlements.

Minister counters US advisory over risk from jet ski operators

TRANSPORT and Aviation Minister Glenys Hanna Martin yesterday hit back at the most recent US State Department’s advisory against jet ski operators, charging that if left unchecked, it could overshadow the “significant progress” her ministry has made to address the issues within the industry.

Revived provider targets ‘100-plus’ staff in next year

A rejuvenated Bahamian communications provider yesterday said it plans to expand its workforce to 100-plus persons over the year, and invest $3 million in completing its network roll-out.

BTC labour relations 'not beyond repair'

Union leaders say labour relations at the Bahamas Telecommunications Company (BTC) are not beyond repair provided management treats the workers with “respect”. Bernard Evans, the National Congress of Trade Unions of The Bahamas (NCTUB) president, to

Is it better?

“ˆIt’S better in the Bahamas” — or is it?

'Oil spill could be disastrous'

Nick Cutmore, Secretary-General at the International Maritime Pilots Association, has warned that shipping accidents are not cheap and a crude oil spill by a tanker could be very costly and disastrous for the Bahamas.

U.S. warns again over crime in the Bahamas

The US Department of State’s annual Crime and Safety Report on the Bahamas has again warned Americans of the level of criminal activity against locals and tourists in this country.

CLUBS AND SOCIETIES July 24, 2015

Cycling Club Bahamas. - Upcoming events: Tomorrow - leaving 6am sharp from Harbour Bay Shopping Centre in front of First Caribbean Bank 30 miles headed West. In order to complete this ride it is recommended that you have done some recent cycling! Leaving P/I Bridges optional at the end! The pace will range from 18–20+mph, two-hour duration.

Baha Mar contractor suffers dispute reverse

Baha Mar’s main contractor has lost its bid to stay a court action brought by a US-based demolition company, which is seeking to collect an outstanding $754,704 balance for work on the $3.5 billion project.

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