Bahamasair off 35% against pre-COVID
Bahamasair’s peak summer revenues were down by 35 percent compared to pre-COVID19 figures, its chairman has revealed, although passenger occupancy on its US routes averaged around 80 percent.
National debt breaks $10bn
The Government last night confirmed that The Bahamas’ national debt had breached the $10bn mark due to the borrowing blow-out inflicted by the combination of COVID-19 and Hurricane Dorian.
Political risk management critical as election looms
Managing political risk was the subject of a column I wrote more than a year ago. Since then, COVID-19 has transitioned from a disruptor to a consistent and daily reality for the world. The political risk landscape has changed, as have all other risk categories, and businesses face a fragmented and different geopolitical environment. Forecasts and models may have been useful in the past, but recent events make their limitations abundantly clear. Locally, pre-emptive management of political risk is also critical as The Bahamas enters a general election scheduled for September 16, 2021.
How long will the airline crisis last?
ActivTrades
COVID has hit the aviation industry hard. but with vaccinations progressing, airlines are optimistic and hoping for a quick recovery. That could be premature.
Super Value: We won’t break law on COVID tests
Super Value’s newly-appointed president yesterday promised it will not make employees pay for weekly COVID-19 tests if this is deemed to violate the law.
COVID delays Island Luck co-founder’s US sentencing
A co-founder of the Island Luck web shop chain has persuaded a US federal court to delay his sentencing by 30 days because he has become ill with COVID-19.
AML targeting slash to $6.8m shrinkage
AML Foods is targeting an improvement in inventory shrinkage during its current 2022 financial year after failing to achieve the anticipated reduction during the 12 months to end-April 2021.
Airport bidders called on to give credentials
The Government will require interested bidders on airport upgrades collectively worth near $400m to present their credentials by September’s second week, its top aviation official revealed yesterday.
‘TIME FOR ACTION NOT JUST WORDS’: All candidates urged to ensure they deliver on reform promises
Anti-corruption campaigners yesterday warned that mere political promises will not cut it as The Bahamas faces “dire and irreversible circumstances” unless the next administration adopts urgent reforms.
Tourism: 14% gap ‘very impressive’
Tourism is “in the best possible position it could be” given COVID-19 uncertainties with July’s stopover visitors just 14 percent down on pre-pandemic comparisons, a Cabinet minister revealed yesterday.
Royal Caribbean pushes back PI Club completion
Royal Caribbean has pushed back the construction completion date for its $50m Paradise Island project to May 2023 even though no phasing is involved, its Environmental Impact Assessment (EIA) reveals.
Council to seek consensus over COVID testing
The National Tripartite Council (NTC) will meet today to develop a common position on whether employees should be made to pay for COVID testing amid fears the issue will explode into heated legal battles.
Top cruise giant ‘running roughshod’ over PI fight
A Bahamian entrepreneur yesterday said he is taking legal advice over fears Royal Caribbean will “run roughshod” over the disputed Paradise Island-based Crown Land that is subject to a legal dispute.
FNM pledges BOB sell-off
The Free National Movement (FNM) yesterday pledged to sell-off the Government’s majority stake in Bank of The Bahamas if re-elected to office on September 16.
ART OF GRAPHIX: Put your advertising into graphic motion
Motion graphics can be used in pretty much any business. They can simplify storytelling, help guide users to better understand products and services, and can help pack massive amounts of information into bite-size, comprehensive videos.
