Irma drives Super Value sales 74% above normal
Super Value’s sales peaked 74 per cent above normal on Sunday due to Irma-related preparations, as businesses ready to deal with potential supply chain disruptions.
Fear Exuma farming progress could be ‘washed down drain’
Exuma’s Chamber of Commerce president fears the island’s farming progress could be washed “down the drain” if Irma scores a direct hit on the island.
Tourism minister eyeing quick post-Irma rebound
The Minister of Tourism yesterday expressed optimism that much of the industry will resume normal operations “in a fairly short timeframe” if Irma holds its forecast track.
Fuel suppliers: No need to 'panic buy'
Fuel suppliers yesterday reassured Bahamians they have sufficient fuel stocks to cope with Hurricane Irma, saying there was no need for a repeat of the “panic buying” witnessed in Hurricane Matthew’s aftermath.Valentino Hanna, Esso (Bahamas) country
Resorts World in Irma closure
Resorts World Bimini (RWB) yesterday confirmed its temporary closure ahead of Hurricane Irma’s potential arrival.Bimini’s ‘anchor property’, in a release yesterday, said Irma, currently a Category Five storm, has a projected path that includes the Ba
BISX-listed Fund eyeing downtown parking move
The BISX-listed Bahamas Property Fund yesterday revealed it is mulling the development of a car park that would solve one of downtown Nassau’s major “limitations”.
Chamber chair ‘very concerned’ on ability to withstand Irma
The Chamber of Commerce’s chairman yesterday said he was “extremely concerned” over the economy and Public Treasury’s ability to withstand another Category Three-plus hurricane.
Central Bank warns: Our $285m figure ‘understates’ deficit
The Central Bank has effectively placed a ‘health warning’ on the Government’s $285.3 million deficit for the period to end-May, saying this “understates the magnitude” of the full-year outturn.
Tourism ‘constrained’: Stopovers down 6%
The Central Bank has again sounded the alarm over “constrained” tourism performance, with total stopover visitors down 6 per cent for the 2017 first half due to Freeport’s woes.
Five companies call Bahamian airline for Irma evacuations
A Bahamian airline yesterday said it had received calls from five companies to evacuate their foreign workers from the Family Islands before Hurricane Irma’s arrival.
Insurers warn of 20-25% rate increase if Irma hits
Bahamian insurers yesterday warned Hurricane Irma could cause a 20-25 per cent increase in premiums and “capacity” issues, depending on the hit Florida and this nation take.
Managers union moves to overturn BPL suspensions
Bahamas Power & Light (BPL) has been accused of “acting arbitrarily and capriciously” by a second trade union seeking to overturn suspensions/terminations related to the $2 million fraud probe.
Super Value chief: ‘Serious penalties’ for price gougers
Super Value’s owner yesterday demanded “serious penalties” for businesses caught ‘price gouging’, although the Chamber’s chief executive said this was “not a major concern” with most companies.
Irma hit will drive Out Islands into ‘economic abyss’
A direct hit from Hurricane Irma will push the southern Family Islands “further into the economic abyss”, a Chamber of Commerce executive warned yesterday.
Bottled water sales surge 50% via Irma
Bottled water suppliers yesterday estimated that sales had increased “at least” 50 per cent due to Hurricane Irma, one manufacturer saying: “It’s been crazy since Friday.”
