Search results for : Payroll
September 15, 2010
By INDERIA SAUNDERS Guardian Business Reporter inderia@nasguard.com
Implementation of the Bahamas Automated Clearing House's(BACH)new electronic direct credit system is gradually getting off the ground, with local businesses receiving training on the new payroll changes set to make life easier for tens of thousands of working Bahamians.
Representatives from a variety of companies recently attended intensive BACH workshops at the bank's training facility to learn m...
August 18, 2023
Commonwealth Brewery continues to face inflation pressure on its operations
Commonwealth Brewery Ltd. (CBL) stated in its second quarter financials that it will continue to carry out cost productivity programs in order to protect its bottom line, as the company revealed that it continues to battle with inflation. The company said in its statement, though, that net revenue during the period ending June 30, 2023 was ahead 11 percent ...
The post Commonwealth ...
August 18, 2023
Commonwealth Brewery records $4.6 million profit in Q2
NASSAU, BAHAMAS — Commonwealth Brewery recorded a second-quarter net profit of $4.6 million, a slight decline in comparison to its second-quarter performance for the same period back in 2022. The BISX-listed brewer in its Q2 financial reported that it continued to experience strong growth in net review during the period ending June 30, 2023—up 11 percent [...]
June 12, 2023
AML Foods sales up, but rising costs lead to net profit decrease
Despite rising costs from continued inflationary pressures, including increases in energy, insurance, and payroll, AML Foods Ltd. recorded a 5.5 percent increase in sales for the year ending April 30, compared to the same period in 2022. AML Foods CEO and President Gavin Watchorn revealed in the company's fourth quarter financial report that total sales for the quarter ...
The post AML Foods sales...
June 09, 2023
AML Foods records $2.8 million net profit amid supply chain and inflation challenges
NASSAU, BAHAMAS — BISX-listed AML Foods says that it continues to battle supply chain challenges and the impact of inflation, although the company reported a 5.5 percent sales increase for its last fiscal year. The company, in revealing its results for the fourth quarter and fiscal year ended April 30, 2023, noted that sales for the [...]
May 11, 2023
Bahamian software development company reaches major milestone
NASSAU, BAHAMAS — Plato Alpha, a Bahamian-owned and operated software development company, announced today that its proprietary human resources product, Triblock HR, has achieved a major milestone by reaching over 2,000 employees on the platform. The 'next-generation' HR and Payroll platform is stated to have been designed to introduce a new era for human resources [...]
Plato Alpha's Triblock HR Reaches Major Milestone with Over 2,000 Employees on Platform
May 10, 2023
Plato Alpha's Triblock HR Reaches Major Milestone with Over 2,000 Employees on Platform
Plato Alpha, a Bahamian-owned and operated software development company, announced today that its proprietary human resources product, Triblock HR, has achieved a major milestone by reaching over 2,000 employees on the platform.
900 public workers' pay delayed again
April 18, 2023
900 public workers' pay delayed again
STATE Minister for Public Service Pia Glover-Rolle said that 900 participants in the Public Service Professional Engagement Programme (PSPEP) participants have had a delay in the payment of their wages.
Ministry speaks out on public service payment delays
April 03, 2023
Ministry speaks out on public service payment delays
NASSAU, BAHAMAS — A "minor delay" in monthly payments for participants in the Public Service Professional Engagement Programme (PSPEP) will be addressed by "end-of-day tomorrow, April 4, 2023", according to a press release from the Ministry of Public Service. "Due to delays in submissions to the Ministry of Public Service, these payments were unable to [...]
Prime Minister Philip Davis - Contribution to the Public Finance Management and Public Procurement Bills
March 20, 2023
Prime Minister Philip Davis - Contribution to the Public Finance Management and Public Procurement Bills
Madam Speaker:
Sound financial management principles are a cornerstone of my administration’s efforts to improve the government’s fiscal health. Today, we are here to repeal and replace the Public Finance Management Act 2021.
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