Gov't 'walking before running' on COVID test
A Cabinet minister said the Government wanted to "walk before it runs" on the roll-out of arrival and in-stay COVID-19 testing for tourists once the mandatory quarantine is eliminated on November 1.
Abaco fears 'irreparable blow' if further lockdown
Abaco's Chamber of Commerce president yesterday warned that reimposing a full COVID-19 lockdown on the island would deal its economy and Dorian recovery a "possibly irreparable blow".
Baha Mar chief: Testing 'key' to economy restart
Baha Mar's top executive says widespread COVID-19 testing "is key to restarting our economy" and reducing local infections as he paid tribute to the role played by one of his properties in this fight.
IT provider laments slow COVID solutions take-up
A Bahamian information technology (IT) provider yesterday lamented this nation's slow adoption of solutions such as his queue-less product to help combat the COVID-19 pandemic.
Private sector mixed over PM COVID lockdown hint
Nassau businesses yesterday gave a mixed reaction the prospect of tighter COVID-19 restrictions and/or lockdowns, with some branding it "foolishness" as others agreed the infection rate must be cut.
Bank of The Bahamas hit by Central Bank’s 3-year bar
Bank of The Bahamas’ top executive admitted its risk management had been poor as he revealed the Central Bank has blocked it from taking on new business borrowers for three-plus years.
Bahamasair’s revenue off a ‘staggering’ $32m
Bahamasair’s “staggering” financial losses continue to mount, its chairman revealed yesterday, disclosing that revenues for its just-completed 2020 financial year were down $32m compared to 2019.
Three insurers tasked on COVID visitor coverage
The government is seeking to implement by November 1 a COVID-19 travel insurance scheme to cover the treatment/evacuation costs for any visitor who falls sick in The Bahamas.
Oil explorer: We’ve got tourism, fishing covered
A Bahamas-based oil explorer yesterday reassured that the insurance coverage for its first well will cover any tourism or fisheries losses “in the highly unlikely event” of any spill or environmental impact.
The pros and cons of dollarisation - it’s no magic wand
ActivTrades
VER the course of last week the discussion on dollarisation became a hot topic in local news. The debate has been lively with both advocates and opponents arguing passionately. But what exactly is dollarisation and how does the idea work? Could it be the magic wand many long for? Here we’ll look at the concept and try to weigh some of its pros and cons.
Bahamian utilities urged to seize insurance offer
Activists yesterday urged Grand Bahama Power Company to prevent further controversy over efforts to recover hurricane restoration costs from its customers by seizing on a new regional initiative.
Recovery plan urges ‘digital marketplace’
The government’s Economic Recovery Committee has called for the creation of “a national digital marketplace” among 163 proposals designed to “spur” economic recovery, the prime minister said yesterday.
Islands slam ‘oversight’ on rapid COVID testing
Cat Island and Long Island resorts have branded the government’s decision not to have COVID-19 testing at their ports of entry a “major oversight”.
Bahamian insurers receive new names
Two Bahamian insurance companies will today take on new names as part of a rebranding strategy by their Bermuda-based parent.
Coca-Cola supplier sees 'huge' 30-40% sales hit
The Bahamas' Coca-Cola supplier yesterday revealed its sales are down "between 30-40 percent on any given day" with reduced demand forcing it to cut staff hours by a similar proportion.
