Pandemic 'accelerates' fund industry change, argues EY
A Bahamas-based EY (Ernst & Young) partner says the COVID-19 pandemic has "only further accelerated" the global investment fund industry's embrace of technology.
'Crawl before walking' on tourism marketing
A Cabinet minister yesterday said The Bahamas must “crawl before it can walk” when it comes to re-entering the tourism market and launching its marketing campaign.
Spa operators persevere despite COVID-19 strains
Bahamian spa operators yesterday said that while abrupt COVID-19 lockdowns and curfews have imposed a major financial strain on their industry they have remained open since August.
'Unbelievable' gyms open but not Mario's
An ex-Cabinet minister yesterday said it was "unbelievable" that gyms have been allowed to re-open while his family's business remains closed, adding: "We don't know how much longer we can survive."
Cat 5 hurricane surge threat to 83% of tourism
The Bahamas must "build back better" following Hurricane Dorian and COVID-19 to boost its competitiveness given that 83 percent of the tourism economy is exposed to Category Five storm surge.
Bahamasair 'exhausts' $19m annual subsidy
Bahamasair's chairman yesterday confirmed the airline "exhausted" its $19m taxpayer subsidy during the first four-five months of its financial year, but said: "At least we don't have zero cash flow now."
'Time is of the essence' in closing Andros hotel sale
The Hotel Corporation's chairman yesterday said "time is of the essence" in closing the sale of its last hotel property (Grand Lucayan excepted) to an Andros-based resort developer.
Super Value chief: 'Our prayers have been answered'
Super Value's president yesterday hailed the supermarket industry's reclamation of its full hours and Sunday shopping, saying: "Our prayers have been answered."
Over 100 businesses at digital banking seminar
Scotiabank (Bahamas) has hosted a webinar attended by more than 100 small and medium-sized businesses to help them prepare for the transition to digital banking.
'Incredible' pent-up demand, say gyms
Gym owners yesterday described the first day following their third COVID-19 re-opening as “incredible”, voicing hopes that an industry-wide shutdown will not be repeated.
Downtown 'disheartened' over cruise tourism wait
Downtown Nassau businesses are "disheartened" that cruise tourism may not return until the 2021 second quarter as the industry's passengers comprise up to 90 percent of their customer base.
COVID testing still Out Islands travel 'hurdle'
Family Island hotels and businesses yesterday said the requirement for a COVID-19 RT-PCR test remains a “hurdle” to inter-island travel from New Providence despite the 14-day quarantine's end.
Retailers hope for Xmas 'bump' on Sunday open
Retailers yesterday hailed the "boost" provided by the Prime Minister permitting them to open for the two Sundays pre-Christmas as they bid to end a largely miserable 2020 with a sales "bump".
Insurer hits 'summit' on rating affirmation
A Bahamian property and casualty insurer has seen its "financial strength" and credit rating reaffirmed by the industry's leading global assessor.
'Double' aviation score to be serious player
An aviation law specialist says The Bahamas must double its safety and regulatory audit score to achieve "a brighter future" and be treated as a serious international player in the sector.
