BOB defeats ‘irregular’ $6m default judgment
Bank of The Bahamas yesterday emerged victorious in one of its two “highest risk” legal battles after a $6m default judgment against it was found to have been “irregularly” obtained.
Health Travel Visa ‘worked bloody well’
A former tourism minister yesterday asserted that the Auditor General’s findings proved the Health Travel Visa had “worked bloody well”, adding: “There’s not a penny missing.”
BISX-listed insurer in 37% profit jump
A BISX-listed insurance group yesterday unveiled a 36.8 percent year-over-year profit increase for 2021 as its top executive said it was "time to be cautiously optimistic" after two years of COVID.
Retailer: Price rises ‘hurting our hearts’
The Retail Grocers Association’s president yesterday warned that many merchants would be “forced out of business” by any move to impose across-the-board controls on their margins.
Auditor General hails Health Visa’s ‘vision’
The Auditor General’s Office has hailed the Ministry of Tourism’s “vision and implementation” of the Health Travel Visa despite finding multiple concerns over how the scheme was administered.
Tourism’s ‘very big deal’: 13% of visitors are back
Tourism executives yesterday hailed the re-opening of markets that accounted for up to 13 percent of this nation’s pre-COVID visitor base as “a very big deal for The Bahamas”.
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.
