Local Business


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Bahamas left facing 'God awful situation'

A prominent Bahamian businessman yesterday urged the government not to implement an overly-huge economic stimulus package or open the economy too soon in the battle against COVID-19. Sir Franklyn Wilson told Tribune Business that The Bahamas simply

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The Lyford Cay Club yesterday confirmed it will close at month's end, and terminate around 150-160 staff, as it "moved up" a $40m renovation amid the COVID-19 pandemic.

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Liquor store blames rivals over govt's 24-hour u-turn

A Bahamian liquor distributor yesterday accused its rivals of “pressuring” the government to perform a u-turn on its free home delivery service in less than 24 hours. Gary Sands, Jimmy’s Wines and Spirits general manager, told Tribune Business it wa

Harbour Island's top employer in 'heart-break blow'

Harbour Island’s “largest employer” yesterday said COVID-19 had dealt it a “heart-breaking blow” following a “stunning” January where room revenue was up 52 percent year-over-year.Dean Spychalla, general director for Valentine’s Resort and Marina, to

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$1.2m debtors hit Superplex payroll

The Fusion Superplex was unable to meet the last staff payroll before the COVID-19 lockdown because debtors failed to pay the collective $1.2m they owe, its top executive revealed yesterday. Carlos Foulkes, its chief executive, told Tribune Business

Cleaning firms: Critical we're treated 'essential'

Cleaning products and services firms yesterday said their addition to the list of “essential” businesses spared from the lockdown is critical to combat the health risk posed by COVID-19. Roman Knowles, a Blanco Bleach sales manager, told Tribune Bus

Marine pilot firm expands to Bimini

A Bahamian marine pilot company has expanded its services to Bimini after obtaining the necessary approvals from the Ministry of Transport and the Port Department. “Marine pilots services are of the utmost importance as it pertains to maritime safet

RBC unveils special bank time for seniors

Royal Bank of Canada (RBC) has announced special banking times for seniors and differently-abled persons that will take effect today due to the ongoing COVID-19 global pandemic.The Canadian-owned financial services provider said in a statement that f

IT firms: We'll 'stress' business resiliency

Information technology (IT) firms yesterday said their will “heavily stress” the importance of business resiliency to every client once the COVID-19 pandemic is over. Philip Darville, SolveIT Bahamas’ managing director, told Tribune Business yester

Fisheries call for 'well policed' public market

A National Fisheries Association (NFA) director yesterday argued that the government should permit fishermen to sell directly to the public at a “well-policed market”.Paul Mailis, while backing the nationwide lockdown to prevent COVID-19’s spread loc

Development Bank in COVID-19 help

The Bahamas Development Bank (BDB) has joined the list of financial institutions offering a three-month loan repayment deferral to clients who are current on their credit facilities. Unveiling its response to the COVID-19 pandemic, the government-ow

BTC in COVID-19 customer boost

The Bahamas Telecommunications Company (BTC) yesterday said it has increased broadband Internet speeds at no extra cost as part of multiple measures introduced amid the COVID-19 pandemic. The carrier added that it has also created a virtual store; a

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Business dilemma - how long can we survive?

The Government was yesterday urged to strike "a happy medium" in its battle against COVID-19 amid fears that an extended lockdown could "completely destroy the Bahamian economy".

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Lockdown extension fears: 30% of small businesses may go

Some 30 percent of small businesses will “automatically” close if the government extends the nationwide COVID-19 lockdown for another month, a consultant to the sector warned yesterday.

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‘Praying’ Atlantis re-opens May 16

The hotel union’s president yesterday said he was “hoping and praying” that the COVID-19 related closure of Atlantis and other major Bahamian resorts does not extend beyond May 15.