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Council: Review minimum wage every two years

The National Tripartite Council will in future review the minimum wage every one to two years to determine if increases are warranted, as one member yesterday denied that an impending rise would harm the economy or employment levels.

Education Director blames school brawls on 'poorly socialised' students

THE recent wave of high school brawls were the result of “poorly socialised” high school students, Education Director Lionel Sands said yesterday, adding that there is “very little” the Ministry of Education can do to prevent such incidences from occurring in the future.

BTC wanted to cut 200 jobs pre-Xmas

The Government intervened to prevent the Bahamas Telecommunications Company (BTC) laying off some 200 staff before Christmas, forcing the company to delay the process until the New Year.

Further taxes too on alcohol and tobacco and rise in NIB ceiling

GOVERNMENT consultants have suggested the Christie administration levy a 5.8 per cent pay roll tax, increase taxes on “luxury items” such as alcohol and tobacco and “double” the ceiling for National Insurance Board contributions to fund the proposed National Health Insurance scheme, The Tribune understands.

Price Control chairman hits back at DNA

PRICE Control Commission Chairman EJ Bowe has defended himself from recent criticism by the Democratic National Alliance that he was intentionally targeting “companies owned by members of the DNA” and hit out at the party members for having “short (term) memory”.

Immigration policy exacerbates worker productivity crisis

The Immigration Department’s “closed door” work permit policies are exacerbating the Bahamas’ productivity crisis, a top private sector executive yesterday warning they were making it impossible for companies to hire the “unemployable”.

‘Doubtful’ vote will be held in June

CONSTITUTIONAL Commission Chairman Sean McWeeney said it is doubtful the referendum on gender equality will be held in June and admitted yesterday that despite efforts of the commission, it is unlikely the bills will gain the unanimous support of parliamentarians.

CIBC lay-offs 30% below projections

CIBC FirstCaribbean International Bank (Bahamas) managed to cut projected lay-offs by 30 per cent through switching employees to other posts, as one-off charges forced into a record $147.8 million net loss for its 2014 financial year.

Cobb ends school blitz at HO Nash

AFTER spending the past week in town providing some tips to our high school students on making “positive choices” in their lives, former National Football League player Michael Cobb returned to the United States.

The art of political leadership

EDITOR, The Tribune

Price Control ‘demonisers’ threaten to undermine VAT

Businesses yesterday slammed the Price Control Commission for “intentionally trying to demonise” the private sector, and warned that it threatened to undermine Value-Added Tax (VAT) implementation.

The flawed Minnis

EDITOR, The Tribune.

Briefly

IT’S always good when leaders tell the truth, especially if that wasn’t their intention. So we should be grateful to Leung Chun-ying, the Beijing-backed leader of Hong Kong, for blurting out the real reason pro-democracy demonstrators can’t get what they want: With open voting, “You would be talking to half of the people in Hong Kong who earn less than $1,800 a month. Then you would end up with that kind of politics and policies” — policies, presumably, that would make the rich less rich and provide more aid to those with lower incomes.

Requesting the PM's resignation

An Open Letter To Mr Perry G Christie, Prime Minister of the Commonwealth of the Bahamas.

Domestic savings rate slashed 50%

The Bahamas’ domestic savings have fallen by 50 per cent as a percentage of gross domestic product (GDP), it was revealed last night, leaving its economy increasingly reliant on foreign direct investment (FDI) for growth.

Mortgage finance 'biggest hurdle' to housing recovery

Mortgage financing access remains "the biggest hurdle" to reviving the domestic real estate market, causing up to three deals for the same property to fall through.

Ex-Chamber chairman: ‘Writing’s on the wall’

The Government has “acted on less than 10 per cent” of private sector recommendations submitted to it two years ago, an ex-Chamber chair adding: “The writing’s on the wall.”

Employers could face jail if they fail to inform govt of job cuts

IN THE wake of Sandals’ decision to make hundreds of its employees redundant, the government wants to bring “emergency legislation” to Parliament that would make it a criminal offence for employers to fail to consult or notify the relevant minister or bargaining agent about their intention to make ten or more workers redundant.

Legislate to keep expired industrial deal terms in place

A former hotel union leadership contender yesterday urged the Government to “legislate” that expired industrial agreements, particularly their terms and conditions, remain in effect until a new deal is sealed.

$315m lost in Baha Mar tax

IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.

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