COViD insurance lapses ‘peak out’
Bahamas First’s top executive says general insurance policy lapses have “peaked out” with auto and homeowner coverage uptake closing in on pre-COVID levels as the economy rebounds.
Pintard accuses Gov’t on financial disclosure
The Opposition’s leader last night accused the Government of failing to comply with financial transparency and disclosure laws “in multiple ways” while not adhering to its campaign promises.
Bimini Bay developer to pay $600k on boat theft
Bimini Bay’s original developer has been ordered to pay almost $600,000 plus interest after being found guilty of negligence over the theft of a 41-foot yacht from its marina.
Unions must ‘come to grips with reality’ over COVID wage increase
A trade union leader yesterday pledged that organised labour will not employ strong-arm tactics to achieve inflation-matching wage increases, adding: “We must all come to grips with reality.”
Hilton closure shows city ‘not functioning’
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said the British Colonial’s closure shows the destination “is not functioning”, and added: “You never see a Hilton shut in a city”.
Hilton closure to hit downtown business
DOWNTOWN Nassau businesses yesterday lamented that the British Colonial Hilton’s imminent February 15 closure will result in lost trade for their enterprises.
COVID steadily eroding productivity, confidence
THE BAHAMAS Chamber of Commerce’s chairman yesterday said business output has been hit by the number of employees forced into COVID-related quarantine.
IMF restructure?: ‘Not on my watch’
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
Atlantis heads for Somewhere Else
Atlantis yesterday unveiled a partnership that will see part of the iconic property, the Beach Towers, rebranded under a different name for the first time in its 27-year history.
Bahamian entry changes ‘more alarming’ than CDC
Bahamian tourism operators yesterday shrugged off the latest downgrade by US health authorities, arguing that constant changes in this nation’s COVID protocols are “more alarming” to visitors.
Hilton’s ‘indefinite’ close threatens up to 130 jobs
The “fragility” of tourism’s post-COVID rebound was yesterday underscored by the British Colonial Hilton’s decision to “indefinitely” close from February 15, 2022, and terminate up to 130 staff.
Tourism sees little impact from COVID downgrade
Hotel operators yesterday forecast that The Bahamas’ downgrade to “do not travel” status yet again by US health authorities will have little to no impact on travel demand.
‘Expect hardship’ from inflation, interest hikes
A former finance minister yesterday warned that “every family can expect hardship” from rising inflation that will exceed the current 7 percent rate in the US.
GB Power’s ‘major cash flow constraint’ warning
Grand Bahama Power Company yesterday said it will suffer “a significant cash flow constraint” after it was granted just 53 percent of the base electricity rate increase it was seeking.
Digital payments player sees off Sebas seizure
A Bahamian digital payments provider has successfully fought off a bid to seize control of its operations by fully repaying the debt owed to Sebas Bastian’s investment house.
