Bahamas in $7.5bn combined loss from Dorian and COVID
COVID-19 and Hurricane Dorian will inflict a combined $7.5bn loss on The Bahamas, a United Nations (UN) agency is forecasting, “inhibiting social and economic development for years to come”.
Nearly 20% of small firms asked for bribes
Nearly one in five small businesses on Dorian-devastated Abaco and Grand Bahama have reported being asked to pay a bribe to obtain government services, a UN agency’s report has revealed.
‘Right church, wrong pew’ over second GB marina
A Grand Bahama investor yesterday said he has yet to receive a satisfactory offer for his second marina asset, revealing: “They’re in the right church, but sat in the wrong pew.”
Minimum wage proposal to Gov’t ‘within a month’
Recommendations on a minimum wage increase could be submitted to government “within a month”, Tribune Business was told yesterday, although a liveable version is “way down the road”.
DPM optimistic Hilton’s closure only two months
The deputy prime minister yesterday voiced optimism that downtown Nassau’s British Colonial resort may only be closed for two months until a new brand partner is found to replace Hilton.
$20m project aims to ‘bring life back’ to Grand Bahama
A $20m resort community is aiming “to bring life back” to Grand Bahama following the devastation inflicted by Hurricane Dorian and COVID-19 as it prepares to break ground this week.
BTC to be ‘attacker’ in market share fight
The Bahamas Telecommunications Company’s (BTC) top executive says it plans “to become a real attacker” in the battle for market share with ambitions to build-out its new network by end-2023.
BTC: No contract worker termination over COVID policy
The Bahamas Telecommunications Company’s (BTC) chief executive has denied that any contract workers have been terminated with “over 90 percent” complying with its COVID policies.
Architects: What about our role in Dorian rebuild?
The Government was yesterday urged to engage qualified architects and urban planners from the private sector to improve the resilience and pace of post-Dorian reconstruction.
MARINA SALE A HUGE BOOST FOR FREEPORT: US developer buys Port Lucaya for 200 condo/hotel project
A well-known Freeport marina is “under contract” to be sold as part of a deal involving construction of a new 200-unit condo hotel, Tribune Business confirmed yesterday.
Pharmacist warns on drug prices inflation
Pharmaceutical drug prices may go up by 4 percent this summer due to a combination of increased global demand and rising supply chain costs, it was revealed yesterday.
Disaster chair: No one ‘deliberately negligent’
The Disaster Reconstruction Authority’s (DRA) ex-chairman yesterday said he does not believe any of its staff were “deliberately negligent” as allegations continue to swirl around its performance.
FOCOL’s $24m fossil fuels ‘game changer’
FOCOL Holdings temporarily increased its bank overdraft by 247 percent to finance “a game changer in our transformation” to beat reduced fossil fuels usage, its chairman has revealed.
BOB chief: ‘Formula we don’t really want’
Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.
PM denies union’s Cable pre-election pledge fears
A trade union leader yesterday voiced doubts that the Prime Minister will live up “a pre-election commitment” to bring BISX-listed Cable Bahamas to the negotiating table.
