Compass Point close now eight days away
A Cabinet minister yesterday declined to comment on Compass Point’s threatened election day closure as its owner begins preparations for the shutdown.
‘Right this ship in the fastest possible time’
The Bahamas must “right this ship in the shortest possible time” to show creditors it has the post-COVID economic and fiscal crisis under control, a local economist urged yesterday.
Could SOE loss-makers have curbed costs more?
A Bahamian banker yesterday questioned whether loss-making state-owned enterprises (SOEs) did everything they could to curtail costs amid the quadrupling of subsidies at COVID-19’s peak.
Realtor on ‘expressway’ to 3-island expansion
A Bahamian realtor is targeting expansion into Eleuthera, Abaco and Freeport once it finds “the right people” after seeing sales volumes quadruple compared to its first two years in business.
Grand Bahama loses Classica to storm relief
Grand Bahama’s already-fragile economy has lost the benefit of regular calls by the Grand Classica for at least a month after the vessel was redeployed to New Orleans to aid Hurricane Ida restoration.
Bran: New Gov’t will be ‘unpopular’ within year
The DNA’s ex-leader yesterday said he “can almost guarantee” that the general election winner will be “very unpopular” within six-12 months because of the tough fiscal and COVID decisions they must take.
Aviation ‘golden goose on menu’
A prominent aviation executive is voicing fears that The Bahamas is placing the private plane “goose that has been laying the golden eggs on the menu” over the proposed fee rise at its main gateway.
Loss-making SOEs suck up near $118m
The Government spent more than $118m in combined subsidies to keep Bahamasair and the Water & Sewerage Corporation afloat at the height of the COVID-19 pandemic, it was revealed last night.
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.
