Building suppliers ‘overwhelmed’ by post-Matthew rush
Building supply merchants yesterday said they were “overwhelmed” by the post-Matthew sales rush, as they warned Bahamians to brace for price increases on key restoration materials.
‘Dismay at slowness’ of electric restoration
A prominent businessman yesterday said he was “a little dismayed by the slowness” in restoring New Providence’s electricity supply, and urged Bahamas Power & Light (BPL) to better communicate its progress.
Fiscal calamity just ‘one disaster away’
The Government’s proposed hurricane reconstruction bond shows the Bahamas is “one disaster away from financial disaster”, the Opposition’s finance spokesman said yesterday.
Atlantis awaits over 3,000 group visitors
The Bahamas’ major resort expects to be fully operational today, and ready to welcome more than 3,000 group guests to Paradise Island this week.
AML chief: No worry over inventory restock
AML Foods chief executive said yesterday there were no concerns over the restocking of its stores’ food supplies following Hurricane Matthew, telling Tribune Business they had only suffered “minor damages here and there”.
Sandals rejects ‘ideal’ December re-opening
Sandals Royal Bahamian has pushed its opening date back 12 days as a result of damages sustained during Hurricane Matthew, its general manager yesterday saying that while delaying the opening to mid-December would have been “ideal, we have to get people working”.
Storm sparks new downgrade fears
The multi-million dollar damages inflicted by Hurricane Matthew have again exposed the Bahamas to the “extremely frightening” prospect of a ‘junk’ credit rating downgrade, a well-known businessman feared yesterday.
BISX-listed firm’s $5m ‘recapitalise’ after SEC settles
A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.
Matthew payouts to ‘absolutely’ be nine-figure sum
Total Hurricane Matthew insurance payouts will “absolutely” total a nine-figure sum, a leading businessman yesterday saying “the only question” is how big the first digit will be.
Chamber chief urges storm insurance fund
The Chamber’s chairman yesterday said Hurricane Matthew’s devastation has strengthened his call for the Bahamas to establish its own storm insurance fund to guard against natural disasters.
DNA chief wants anti-price gouge laws ‘with teeth’
The Democratic National Alliance’s (DNA) leader yesterday urged the Government to enact anti-price gouging laws “with teeth” to protect Bahamian against unscrupulous merchants in Hurricane Matthew’s wake.
‘Agents’ pledged PM help for LOI group
Government “agents” allegedly promised the group at the centre of the Renward Wells’ Letter of Intent (LOI) controversy that the Prime Minister would arrange a $40 million guarantee for them, adding: “We hold the key to the kingdom.”
Bahamas’ failure ‘to save for rainy day’ bites back
The Bahamas’ inability to “save for a rainy day” could come back to haunt it if Hurricane Matthew proves as devastating as forecast, the Democratic National Alliance’s (DNA) leader told Tribune Business yesterday.
Exuma Chamber chief fearing ‘one-two year’ setback from Matthew
Exuma’s economy could be “set back a year or two” if Hurricane Matthew scores a direct hit on the island, its Chamber of Commerce president said yesterday.
Building supplier calls police amid Matthew rush
A well-known building supply firm was yesterday forced to call the police to address a severe traffic back-up on Prince Charles Drive, after experiencing its typical pre-hurricane sales rush.
