05272019 BUSINESS

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business@tribunemedia.net

MONDAY, MAY 27, 2019

$4.90 Guaranty Bank clients lose FIU injunction bid By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net TWO Guaranty Bank & Trust clients have failed to prevent the Bahamian Financial Intelligence Unit (FIU) from obtaining their financial records despite claims of political persecution. The Court of Appeal, in a unanimous verdict, refused to overturn an earlier Supreme Court ruling that declined to impose the injunction on the FIU sought by two Ecuadoraen citizens, Carlos Paraeja Cordero and Carlos Pareja Dassum. The duo, claiming they had been forced to seek asylum in neighbouring Peru due to efforts by their home government to “frame” them, wanted to block the FIU’s demands for their bank records over fears that the information obtained would be used to further persecute them in Ecuador. But Sir Michael Barnett, writing the Court of Appeal’s judgment, said

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Hotel strike vote on ‘ a slap in the face’ By NATARIO MCKENZIE and NEIL HARTNELL Tribune Business Reporters HE hotel union will take a strike vote this Thursday after slamming the industry’s proposal to eliminate the automatic 15 percent gratuity and other worker benefits as “a slap in the face”. Sheila Burrows, the Bahamas Hotel, Catering & Allied Workers Union’s (BHCAWU) general secretary, told Tribune Business that the recent offer by resort employers threatened to take the union’s 4,000-5,000 membership “back 60 years”. Speaking after union members burnt copies of the industry’s proposal during a heated meeting at Workers House on Thursday night, she said: “We got a proposal from them but there was nothing in it. We had actually submitted three proposals to them,

T

• Union: Employers taking us ‘back 60 years’ • Want end to 15% gratuity, no certain Xmas bonus • Atlantis tells staff: ‘Manage emotions’ one under the former president, Ms Martin, and two under Mr [Darren] Woods. “We recently went to the Labour Department and because of that they sent us a proposal. I think they just sent it to say that they sent us something.” The most controversial proposals in the offer from the Bahamas Hotel and Restaurant Employers Association (BHREA), the employers bargaining group that negotiates industry-wide industrial agreements, are elimination of the automatic 15 percent gratuity and delaying the payment of Christmas bonuses until the second week of January. In addition, the Christmas bonus will be tied to the

hotel’s performance, and not guaranteed. Nor will the traditional provision of Christmas ham and turkey by resorts for their staff be guaranteed, as Ms Burrows accused the industry of “taking away all the benefits” previously obtained for workers by the union. “They want to take away the 15 percent gratuity. They want to change the terms and conditions of an employee,” she blasted. “If you had a matter in court years ago they want to have the right to dig that up and decide if they are going to terminate you. “The Christmas bonus issue is a very contentious one. We know that the people in the hotel get their bonuses for Christmas; the

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DAVE BECKFORD

‘It’s the workers who are hurting’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

second payday in December. What they propose is that they want the Christmas bonuses to be given the second pay week in January. The proposal doesn’t say that you shall receive it; it says you may receive it if the resort meets its quota. “They are being blatantly disrespectful. Regarding the ham and turkey, they say they may give a $50 voucher. They are trying to take away all the benefits the hotel union has negotiated. What are they trying to do to the people? They are trying to do all sorts of things to stop us from sitting down at the negotiating table. We want to sit down at the table and negotiate

A FORMER hotel union presidential candidate says industry workers are not feeling the benefits from booming tourism numbers, adding: “We are the ones hurting in this.” Dave Beckford, who led Team Destiny in its unsuccessful 2013 election bid, told Tribune Business he found it difficult to understand why Atlantis and the major hotels were “having issues” over negotiating a new industrial agreement given that they were performing so well. Backing the Bahamas Hotel, Catering and Allied Workers Union’s (BHCAWU) stance over the hotel industry’s offer, he said workers had not seen a pay increase since 2012

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DPM: Deficit target in reach with $400m cut By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE deputy prime minister has signalled that the government remains on track to hit its main 2018-2019 fiscal target by touting a $400m reduction in the annual deficit since it took office. Addressing the UHY accounting firm’s Americas confidence on Friday, K Peter Turnquest, pictured, disclosed figures ahead of this week’s 2019-2020 budget that hint the Minnis administration will bring the

fiscal deficit in within range of its $237m target for the current fiscal year. “In just two years the government reduced the deficit by over $400m, which is significant for a small country,” Mr Turnquest said. “It was not easy to do, and it required making some difficult decisions, but our commitment to restore the country’s fiscal health and maintain the standard of living was resolute. With the growth numbers out, we are now seeing the fruits of that.”

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‘Clean up’ Immigration before new exemption

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

THE Immigration Department must “clean up its act now” before the government imposes any further responsibilities such as the 14-day work “visa” exemption, an ex-minister is warning. Branville McCartney, who was responsible for immigration before his resignation from the former Ingraham administration, told Tribune Business that the department was already creating

a “nightmare” and “disaster” as it struggles to cope with its existing obligations. Citing several cases he is personally familiar with, the ex-Democratic National Alliance (DNA) leader recalled the Immigration Department’s failure to even acknowledge the six to seven letters and numerous phone calls his Halsbury Chambers law firm had made on behalf of a client who had already been waiting three years to discover the fate of his permanent residency bid.

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