Auto dealers yesterday warned they "cannot remain afloat" if the 2020 third quarter's 47.37 percent industry-wide decline in new auto sales persists.
A Bahamian restaurant yesterday said it has invested $10,000 in developing an e-commerce platform to meet the demands of COVID-19 lockdowns and business restrictions.
The Bahamas faces being "cut off from the US" economy and financial system if its banks accept monies generated by a marijuana/hemp industry, top financial executives warned yesterday.
Long Island's MP yesterday voiced fears his constituency will become "a banking desert" after Scotiabank unveiled plans to withdraw from four Family Islands with a series of branch closures.
A $100m Love Beach condominium project's planners yesterday voiced optimism that changes to the original design will "overcome" prior objections from nearby residents.
A Bahamian investment bank is targeting up to 40 percent growth for its assets under management by the mid-2020s as it eyes expansion into territories such as Jamaica "over the next year".
The Democratic National Alliance's (DNA) ex-leader has urged The Bahamas to move "post haste" on developing a medical marijuana and hemp industry, saying: "Talk is cheap and money buy land."
Some 75 percent of small Bahamian businesses face a persistent competitive disadvantage because they are up against rivals in an "informal economy" that generates up to 30 percent of Bahamian GDP.
The Bahamian tourism industry is losing up to $8.5m annually to plastic beach pollution, an Inter-American Development Bank (IDB) report has revealed, undermining the sector's key attraction.
A Bahamian auto dealer yesterday suggested the COVID-related backlogs and shortages at the Road Traffic Department should reignite discussions on outsourcing the vehicle inspection process.
Building supply and hardware stores say contractors are not having to endure long wait times in their efforts to secure essential supplies.
The reverse osmosis plant operator that cut-off central Eleuthera's water supply has been paid $4m this year to cover debts owed by the Water & Sewerage Corporation, it was disclosed yesterday.
Businesses in central Eleuthera yesterday complained that their operations were affected “tremendously" by the water supply cut-off over the past week.
The Grand Lucayan's sale will not close until Royal Caribbean and its joint venture partner have sealed the deal for Freeport Harbour, a Cabinet minister disclosed to Tribune Business.
The Bahamian people are earning nothing from foreign exploitation of this nation's marine genetic resources that has produced over 100 "new natural products", a report has revealed.