'Serious foreign currency' needed by 2020 year-end
A Bahamian economist yesterday warned that The Bahamas will face “serious concerns” unless it earns “major foreign currency inflows by year-end” as uncertainties over tourism’s return persist.
Hotel's revenues cover just '25% of light bill'
A prominent hotelier yesterday sounded the alarm for small Out Island resorts as he revealed his property will make a $2m loss this year on revenues barely able to cover "25 percent of the light bill". Magnus Alnebeck, the Pelican Bay resort’s gener
Crime 'epidemic' hits Abaco reconstruction
Abaco business and community leaders yesterday said they were "dumbfounded" that The Bahamas' top police officer would refute a crime "epidemic" that threatens to destroy post-Dorian recovery. Roscoe Thompson, the Marsh Harbour/Spring City Council’s
Contractors stunned by PM's 'three strikes' COVID enforcement
The Bahamian Contractors Association's (BCA) president yesterday said he was "very surprised" by the Prime Minister's unveiling of a COVID-19 a 'three strikes and you are out' policy for the industry. Michael Pratt told Tribune Business he was also
Supply shortage squeezes virtual learning expense
Electronics retailers yesterday warned that global demand has sent the price of virtual learning devices "skyrocketing" and created supply shortages as the October 5 school return looms.
Taxi chief blasts tourism strategy
The taxi union's president has blasted the tourism industry re-opening plan for “falling way short” as he revealed that 60 percent of drivers have already lost their plates due to the COVID-19 lockdown.
Minister blames COVID for Dorian pledging 'shortfall'
By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net A Cabinet minister yesterday blamed COVID-19's economic fall-out for the Government receiving just $364,000 in cash out of the $1.5bn promised at January's Hurricane Dorian pledging co
Retailers: Back-to-school sales starting to pick-up
Back-to-school suppliers yesterday said demand for their products was slowly increasing as children prepared to return to the classroom or virtual learning on October 5. James Wallace
Alarm voiced over cruise industry's Nassau bypass
A Bahamian destination provider yesterday voiced alarm that the cruise ship industry may initially bypass Nassau in favour of its private islands once it makes its COVID-19 comeback.
Bahamas must 'lose 14-day quarantine'
An Exuma-based water excursion provider yesterday said it had "no choice" but to make the sector's November 1 opening after losing $1.5m in sales to COVID-19. Ray Lightbourn, pri
'The fight is still on for survival'
Bahamian aviation operators yesterday warned "the fight is still on for survival" despite the Government's move to re-open inter-island commercial air travel from tomorrow.
Hotel workers at 'wit's end' ahead of re-open
Hotel workers were yesterday said to be at "their wit's end", a union president said yesterday, with many unable "to go much further" after enduring a six-month wait for their employers to re-open. Darrin Woods, the Bahamas Hotel, Catering and Allie
Bahamas must 'get real' over tourism re-opening
The Bahamas must "get real" on the urgent need to re-open its tourism industry, a Cabinet minister argued yesterday, adding: "We've got to pull the trigger." Dionisio D'Aguilar, minister of tourism and aviation, told Tribune Business that The Bahama
Small businesses say 85% are ‘one man bands’
Some 85 percent of a new small business advocacy group’s members have been reduced to “one-man bands” by COVID-19 and its lockdowns, its first proposed president revealed yesterday.
Maritime regulation woe 'a crime in itself'
A Chamber of Commerce division last night said The Bahamas' failure to properly regulate the maritime industry was "a crime in itself" amid fears about seabed damage caused by cruise ship anchors. The Chamber's energy and environment division, in a
