Atlantis returns some staff to furlough status
Atlantis last night confirmed it has had to place multiple workers back on temporary furlough with effect from today due to "unfavourable occupancy forecasts" for January 2021.
Gov'ts reversal over 'substance' file compliance
The Government made an abrupt about-turn within 48 hours in extending the deadline for corporate Bahamas to comply with "substance reporting" demands by one month to end-January 2021.
'Blind' attorney fails to overturn sanctions
A Bahamian attorney has failed in his bid to overturn Supreme Court-imposed sanctions relating to his management of a $30m estate despite arguing he is "legally blind".
Will a phoenix rise from the flames of 2020?
ActivTrades
AFTER a black swan event dominated this year, could 2021 see the phoenix rise out of the flames?
Proper risk assessments vital to 2021 performance
There is little doubt that 2020 drove individuals and businesses of all sizes to financial, human, technical and strategic limits. Corporate leaders were stretched to either "pivot or perish”. In 2020, company strategies were tested, frameworks were challenged and, in many cases, resources strained and depleted. These changes must be considered as supervised financial institutions (SFIs) prepare to complete annual risk assessments as prescribed by their regulators.
'ShopLocal' efforts beat expectations
Retailers who participated in the initiative to encourage Bahamians to shop at home over Christmas say the returns exceeded expectations, ShopLocal's director told Tribune Business.
Chamber chiefs 'hopeful' COVID's worst now over
Family Island Chamber of Commerce presidents are viewing The Bahamas' 2021 economic prospects with cautious optimism amid hopes the worst of the COVID-19 pandemic may be over.
Restaurants: Closure reasons must be valid
Eleuthera and Exuma-based restaurants say the Government must show valid reasons for closing them down after it gave permission for Fish Fry-based eateries to open in time for New Year's Eve.
Sand Dollar firms expanding to nine
The Central Bank says a total of nine firms will likely be approved to start distributing Bahamian digital dollars, thereby significantly increasing their availability to the public, by early 2021.
BISX adds new listing to mutual fund roster
The Bahamas International Securities Exchange (BISX) has added another listing to its investment funds roster.
Compliance 'onslaught' on substance demands
Accountants are urging the Government to extend today's deadline for corporate Bahamas to meet substance reporting requirements amid "a last-minute onslaught" from stunned firms racing to comply.
Canadian bank dividend bar to end March 2021
The Central Bank has unveiled plans to lift the suspension on dividend repatriations by the Canadian-owned commercial banks in March 2021 due to "lessening uncertainty" surrounding COVID-19.
Freeport 'strangled' over Baleària wait
A prominent Freeport attorney yesterday warned the Government that it is "strangling" the city's prospects for economic revival by the protracted delay in approving Baleària Caribbean's return.
Lucayan lacks 'three legs' needed to open
The Grand Lucayan's February 1 re-opening threatens to inflict more losses on Bahamian taxpayers because it lacks the "three legs" required to sustain its revival, a hotelier is warning.
Activists: 'Unarguable' BPC needed new EA
Oil exploration opponents yesterday alleged previous statements by Bahamas Petroleum Company (BPC) show it is "unarguable" that new environmental permits were needed for the change in drill ship.
