Tourism ‘90% unaffected’ by COVID-19 tightening
Tourism industry executives yesterday voiced optimism that the industry’s recovery will not be impacted by the government’s tightening of COVID restrictions, with one asserting it will be “90 percent unaffected”.
BPL chair asserts Shell negotiations ‘making progress’
Bahamas Power & Light (BPL) has made “significant progress” in negotiations with Shell North America for the latter to supply New Providence’s baseload electricity needs, its chairman said yesterday.
BPL chief hails $15m storage ‘game changer’
Bahamas Power & Light’s (BPL) chief executive yesterday hailed its planned $15m battery storage facility as a “game changer” for energy costs, efficiency and supply reliability.
Travel agencies in summer rebound
Travel agencies yesterday said COVID-19’s persistence is making them cautious about business prospects for the remainder of 2021 despite a recent pick-up in activity.
Super Value chief calls for ‘brutal’ COVID enforcement
Super Value’s president yesterday urged the authorities to “brutally enforce” COVID-19 health protocols as he revealed the supermarket chain has “had more cases in the last month than ever before”.
Ex-MP wins 2% of claim over his ‘most humiliating episode’
An ex-PLP MP has won just two percent of his $84,420 legal claim against the government for what he described as “the most humiliating episode of my professional career”.
Aviation faces ‘curve ball’ from COVID restrictions
The Bahamian aviation industry was yesterday said to have been thrown “a curve ball” by the government’s tightening of COVID restrictions having regained just 40-50 percent of pre-pandemic business.
Taylor Industries owners give ex-staff $150k boost
The Supreme Court has approved a transaction that will see Taylor Industries’ former owners make a $150,000 payment that could significantly boost recoveries for former staff of the insolvent retailer.
The importance of the Olympic Games
ActivTrades
THE Summer Olympics finally got on the way last Friday, in Tokyo after a year’s delay caused by the pandemic.
DEREK SMITH: Anti-financial crime regime must be alive
Since The Wolfsberg Group’s original issuance of its anti-money laundering (AML) principles for private banking in October 2000, and its subsequent statements over the past decades - including more recently its statement of effectiveness in December 2019 - many jurisdictions have taken steps to enact more effective regimes to combat financial crime and terrorism financing.
Top restaurant’s manager laments COVID measures
An executive with a prominent restaurant says the tighter COVID restrictions “don’t make any sense” as he lamented the earlier curfew, indoor dining prohibition and discrimination in favour of hotels.
Resort owner backs ‘mandatory’ vaccine
A Family Island resort owner wants the government to make COVID-19 vaccinations mandatory as the only way to combat the misinformation and conspiracy theories circulating on social media.
Merchants: Vaccine only way to revive economy
Increasing the pace of COVID-19 vaccinations is the only way to restore the Bahamian economy to full strength, merchants are arguing, as the Government tightens restrictions to combat the latest case spike.
Sectors lament going back to ‘the old norm’
Industries impacted by the government’s tightening of COVID-19 restrictions have lamented the return to “the old norm” and warned that small businesses will increasingly struggle to survive.
Mega resorts disclose ‘bright’ COVID revival
The Bahamas’ two mega resorts yesterday branded their post-COVID recovery as “very bright” with Baha Mar revealing that “business on the books” for early 2022 is ten percent ahead of 2019 levels.
