Nassau's tourism arrivals see 99% September drop
Tourism arrivals almost totally dried up in September 2020 due to COVID-19 lockdowns and border restrictions, falling by 98.6 percent against a prior year comparative that contained Hurricane Dorian.
$580m developer urged to reassess cost projections
Environmental activists yesterday urged the developer behind the proposed $580m south Abaco resort project to "re-evaluate his costs" due to labour and material price spikes cause by Hurricane Dorian.
Sovereign wealth 'backstop' for oil exploration fall-out
Oil exploration royalties collected by The Bahamas' sovereign wealth fund could be used to finance spill/pollution clean-up from the very same activities, environmental activists are warning.
Businesses urged: Embrace digital fully for 75% fees cut
A Scotiabank (Bahamas) executive says local businesses could slash their banking fees by up to 75 percent if they more fully embrace digital banking.
‘True fall-out’: Household loan defaults grow $58m
MORTGAGE and consumer loan delinquencies increased by $58m during October 2020 with a senior banker warning it may take five to seven years to recover from COVID-19’s “true fall-out”.
Liquor chain expands Kraven tie-up to GB
Commonwealth Brewery says its retail chain, 700 Wines and Spirits, has expanded its partnership with the Kraven delivery service app to Grand Bahama.
Doctors targets 100 beds by end of 2021
Doctors Hospital's president said the healthcare provider plans to increase its in-patient bed numbers to more than 100 by the end of 2021.
Full tourism rebound may take until 2023
A full tourism recovery that matches 2019's record-setting numbers may not occur until early 2023, the Central Bank's governor warned yesterday, with the economy possibly shrinking further in 2021.
Governor rejects non-essential import curb
The Central Bank's governor yesterday rejected as "bureaucratically inefficient" suggestions that The Bahamas impose restrictions on non-essential imports to protect the foreign currency reserves.
Concern over Grand Lucayan uncertainty
Grand Bahama businesses yesterday said they were “extremely disappointed” by the renewed uncertainty surrounding the Grand Lucayan's sale given hopes it will act as a catalyst for tourism's revival.
Mobile rivals enjoy 'strong' Black Friday despite COVID
The Bahamas' two mobile rivals yesterday hailed "strong" and "excellent" Black Friday sales despite being down on last year due to COVID-19's devastating economic impact.
Retailers in 'mixed' Black Friday sales
Retailers have indicated a mixed "Black Friday" sales performance with some suffering up to a 45 percent decline compared to 2019 due to depressed consumer spending amid the COVID-19 economy.
Grand Lucayan deal woe as February reopen eyed
The Grand Lucayan’s Board is mulling a February 2021 re-opening in a bid to prevent the resort from becoming a “wasting asset” amid the growing uncertainty surrounding its potential sale.
Activists: Study exposes oil’s ‘roll of the dice’
OIL exploration opponents yesterday said their demands for a drilling halt are justified by a study showing The Bahamas must match almost 60 percent of US offshore crude output to fully offset all economic risks.
COVID testing system’s providers await payment
A CABINET minister last night disclosed that the COVID-19 visitor testing system’s providers have yet to be paid as the Government determines the most efficient mechanism for getting funds to them.
