AROUND 1200 HOTEL ROOM NIGHTS IN THE BAHAMAS HAVE BEEN LOST OVER THE LAST FOUR DAYS AS PROSPECTIVE VISITORS BATTLED BRUTAL WINTER CONDITIONS THAT GROUNDED MANY FLIGHTS OUT OF THE UNITED STATES. EXECUTIVE VP OF THE BAHAMAS HOTEL ASSOCIATION FRANK COMITO SAYS THE ROOM LOSS IS NET OF THOSE ADDITIONAL ROOM NIGHTS PICKED UP BECAUSE SOME TRAVELERS WERE NOT ABLE TO RETURN HOME EITHER. IN MANY CASES, HE SAYS, TRAVELERS WHO HAD TO CANCEL THEIR BAHAMIAN VACATION PLANS BECAUSE FLIGHTS WERE GROUNDED WILL BE RELEASED FROM HOTEL PENALTY CLAUSES.
WELL, THE LABOR MARKET IN THE BAHAMAS WILL BE EVALUATED IN THE NEW YEAR VIA A$170,000-DOLLAR STUDY. THE JOINT VENTURE OF THE GOVERNMENT AND THE INTER-AMERICAN DEVELOPMENT BANK IS SEEN AS A WAY TO BETTER UNDERSTAND THE STATE OF THE LABOR MARKET AND GIVE FUTURE GUIDANCE TO THE GOVERNMENT ON LABOR MARKET ISSUES AND POLICIES. THE GRANT AGREEMENT WAS SIGNED EARLIER IN THE MONTH.
AND FINALLY, AT LEAST 50 PERCENT OF ALL CAR ORDERS IN THE CURRENT ECONOMIC DOWNTURN ARE FOR VEHICLES BETWEEN$5,000-DOLLARS TO$10,000-DOLLARS SAY LOCAL AUTO DEALERS. THEY SAY THE MAJORITY OF BUYERS HAVE SHIFTED TO THE LOWER END OF THE USED CAR MARKET. IRONICALLY, HEAD OF THE BAHAMAS MOTOR DEALERS ASSOCIATION FED ALBURY SAYS EVEN THOSE WHO CAN AFFORD THE NEWER MODELS ARE OPTING FOR USED VEHICLES–ALBEIT IN A MUCH HIGHER PRICE BRACKET.
THAT’S BEEN YOUR C-FAL BUSINESS REPORT. I’M INDERIA SAUNDERS.
@nd Of January.. posted to website..
the employees got paid out..the onl two type ofremaintin polciielife and health…EFPA…annutiies…exec flex premi annuaities….govt gave scheule of 100k max to pay ofou tto emplyees.. on website…layout
The idea behind that is to get a better sense to get sens eof who makes unemplye din country, what their skill sets are, what their profiel i.. so that it tells you even in terms of economic expansion…whether there goign to be a fot between those things coming on stream and the uenemplyed oyu hve…so it puts govt in better position t make policy deicison on wher ethe needs exist i terms of unemployed persons in the country.
there is some confusion about payments for Clico Policy Holder. Policy Holders don’t ge tpaid until someone actually dies and so the policy holders would not get paid in the ay severed workers were paid. What is happned with CLcioa policy holder is the liquidator is seeking to have their book of business sold to another company and effect their policy contneus on as normal.. IN the even the policy holder does their beneficiary would get the policy…
There are also annuities holders in t hat bok f business…they only get their anutities when they mature..the oeffrt is to seel that book of busines to oacompany so it conintues on as normal…govt has agreed to guarantee up to a certain point or level…so that the company that buys the business does not have the means of honoring a policy when it comes due, the government wil step in and do so.
And that’s how that works.. there never have been
PP WHO PASSED?
My undertanding is whe npolic falls due or when comes get sick and claims against insurance their is agreement between liquidaotr and the courts as to what can be paid out at any gieven time and if there is need for higher than that to be paid then the liqudidat seek the costs permission inthose cicurmstances to do so.
If Baha mar comes onstream…we didi not have last year so clearly would indiacte an easing in unemployment.. that bodes well for pp who probably working less days now.
we had unemployement survery done in Nov 2009..if u look in eoncomy.. unless sig chang eup or down..afirl easy to say thigns are prettificant uney much same as efore..the onely things that eases unemplyment is sign
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