Search results for : payroll
February 05, 2024
IMF: Increase NIB contribution rate to 15 percent over 20 years
NASSAU, BAHAMAS — The International Monetary Fund (IMF) has recommended incrementally increasing the National Insurance Board (NIB) contribution rate to 15 percent over the next 20 years to put the pension scheme on a sustainable footing. The IMF, in its 2023 Article IV Consultation press release and staff report released on February 2, suggested introducing [...]
January 02, 2024
Consolidated Water Bahamas spreads holiday cheer to underprivileged children
NASSAU, BAHAMAS — Consolidated Water (Bahamas) Ltd. (CWCO) made Christmas truly special for children at two notable homes—Ranfurly Homes for Children and the Children's Emergency Hostel. Through their support, many children experienced the joy of the holiday season surrounded by loved ones, unwrapping presents, and indulging in a festive Christmas dinner. CWCO representatives paid a [...]
CWCO Spreads Cheer to Children’s Homes
December 29, 2023
CWCO Spreads Cheer to Children’s Homes
Many children spent Christmas Day surrounded by loved ones, opening gifts, and having a traditional Christmas dinner. Through the support of corporate entities like Consolidated Water (Bahamas) Ltd. (CWCO), the same is true for residents of Ranfurly Homes for Children and the Children’s Emergency Hostel.
December 01, 2020
Bamboo Shack, Bethel Brothers Morticians donate tablets
Two of the best-established businesses in The Bahamas joined the growing list of those making virtual education a reality for more students today, donating tablets through the Leno Learning Link...
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 [...]
Nygard probe 'Will follow the rules'
January 07, 2021
Nygard probe 'Will follow the rules'
NATIONAL Security Minister Marvin Dames said he is not concerned that the Royal Bahamas Police Force's investigation into allegations of sexual misconduct by Peter Nygard...
Picewell Forbes deserved better
March 04, 2021
Picewell Forbes deserved better
I am saddened by the seemingly shoddy manner in which the Mangrove Cay, Central and South Andros MP Picewell Forbes has been treated by the Progressive Liberal Party (PLP) top brass.
Like Mr. Forbes, I was under the impression that his renomination for his South Andros constituency would’ve been automatic, as was assured in 2020, amid rumors that Monique Pindling, daughter of Sir Lynden Pindl...
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