Tourism could be off by 75% 'through 2021'
The Bahamas could endure tourism volumes up to 75 percent below last year's record-breaking 7.2m visitors "through 2021", the Inter-American Development Bank (IDB) warned yesterday.
Harnessing messy data for future improvements
Data does not rest. It is everywhere, created by everyone for anything and everything. Silently, it has grown exponentially over the past few years, especially most recently, with the attention on COVID-19. We are obsessed with the moment-to-moment updates. While data is messy, I believe it is the most significant contributor to our emotional discomfort and mistrust, as well as disinformation – which are all at unprecedented levels. We would like to believe what the data says but do not trust it.
Retailer's 'hard decision' to exit Mall at Marathon
A Bahamian retailer yesterday said high rental rates combined with the ongoing uncertainty over COVID-19 restrictions had given it no choice but to exit its space at the Mall at Marathon.
Greater FDI linkages 'beautiful' for locals
A Bahamian manufacturing advocate yesterday said it would be "beautiful" if the Government fosters greater “linkages” between local producers and major resort and real estate developments.
Scotia named Bahamas private banking leader
Scotia Wealth Management says it has been named by Global Finance Magazine as the best private bank in the Bahamas.
Last-ditch threat to oil exploration
Environmental activists last night threatened to initiate legal action against the Government and Bahamas Petroleum Company (BPC) within 14 days unless the latter halts its oil exploration plans.
DPM targets 'missing COVID puzzle piece'
The deputy prime minister yesterday pledged that the Government's upcoming Fiscal Strategy Report will seek to provide "the missing piece of the puzzle" to its COVID-19 economic recovery plan.
Baha Mar 'unsure what caused' halt in benefit payouts
A senior Baha Mar executive was last night "unsure what caused" the delay in resort employees receiving their unemployment benefit but said the situation had been resolved at one of its properties.
Water Corp debt to major supplier slashed to $15m
The Water & Sewerage Corporation managed to cut the debt owed to its main BISX-listed supplier by $3.3m in October after making zero progress during then first nine months of 2020.
Retailers forecast a bleak Christmas
Retailers yesterday forecast a bleak Christmas after recently-removed curb-side restrictions further dampened sales expectations amid the COVID-19 pandemic's economic fall-out.
BTC launches Xmas campaign
The Bahamas Telecommunications Company (BTC) yesterday launched its seven-week ‘All I want for Christmas is’ campaign featuring special offers on all its products and services.
Exuma businesses: We saw it all coming
Exuma businesses yesterday backed the Government's decision to tighten COVID-19 restrictions on the island with many saying they could "see it coming" due to non-compliance with health protocols.
Eleuthera COVID outbreak gives Gov't few alternatives
Eleuthera's COVID-19 restrictions will be “very challenging” for an island that is now at the “cusp” of the winter tourism season, several businesses have warned.
'Worrying' growth in uninsured accidents
Bahamas First's top executive yesterday revealed that COVID-19 restrictions have produced a "noticeable" drop in motor vehicle claims despite a "worrying" increase in uninsured driver accidents.
Don't 'add insult to injury' over Dorian's tax breaks
An Abaco resort manager yesterday warned the Government it will "add insult to injury" if it fails to extend the Hurricane Dorian tax breaks that are due to expire at year-end 2020.
