IDB: 100,000 workers 'vulnerable' to job loss
More than one in every six "formal" jobs in The Bahamas could be lost due to COVID-19, the Inter-American Development Bank (IDB) has warned, making 100,000 workers "vulnerable" to the fall-out. An IDB report on the repurposing of more than $19.5m to
Regulators reject Sebas on gaming ad restriction
Regulators have rejected arguments by Sebas Bastian's web shop and media empire that a 5am to 9pm bar on gaming advertising is "discriminatory, arbitrary and capricious". The Utilities Regulation and Competition Authority (URCA), in an announcement
COVID's open/close cycle just 'too taxing'
A major Bahamian insurer yesterday said its office will function with a "skeleton crew" despite being granted permission to return because the COVID-19 opening/closing cycle is simply "too taxing".
Small business: Second funding release for 63%
The Government's small business assistance initiative stopped taking new applicants from June 15 as it concentrates on distributing the $38.264m in loan and grant funding already approved.
ActivTrades: Is data the new oil?
The 20th Century was the golden age of oil. The black gold, as it became known, drove the ambition of ruthless tycoons and was the reason that lead countries to war. Fortunes were made and lost and maps had to be redrawn, as oil rich regions were able to punch above their weight in terms of geostrategic importance.
Wholesalers warn on restock delays
Wholesalers yesterday warned that food retailers should expect some restocking as they try to “catch up” with the lost time created by the now-aborted (for the moment) full New Providence lockdown. Richard Curry, Lightbourn Trading's general manager
Production lag causes 'crazy' water demand
A bottled water supplier described yesterday's re-opening as "pretty crazy" and said it will need "a couple of days" for production to catch-up with demand following Monday's shutdown. Christian Knowles, Aquapure's chief of operations, told Tribune
Ex-minister blasts GB Power's 'heartless' fee
An ex-Cabinet minister yesterday blasted Grand Bahama Power Company as "inhumane and heartless" for asking customers to foot the bill for $15m in Dorian recovery costs amid the COVID-19 pandemic. Obie Wilchcombe, the former West End MP and ex-touris
'Stop beating country with the stupid stick'
The Government was yesterday urged to "stop beating the whole country with the stupid stick" amid growing fears that continual COVID-19 lockdowns will create "an economic implosion by Christmas". Robert Myers, the Organisation for Responsible Govern
GB Power 'cannot keep kicking fee down road'
Grand Bahama Power Company's top executive has warned the utility "cannot keep kicking the can down the road" on implementing the extra charge to recover $15m in Dorian restoration costs. Dave McGregor, its president and chief executive, told Tribun
Construction re-open averts 'complete halt'
The Bahamian construction industry would have "come to a halt within a week to 10 days" had the Prime Minister yesterday not relaxed COVID-19 restrictions on hardware stores being able to open. Robert Myers, head of the Caribbean Group of Companies,
Roberts hails extra hours from lockdown relaxation
Super Value's president last night said the reversal of New Providence's near-total lockdown was "better than back to normal" as his stores can now open for longer than they did pre-COVID-19. Rupert Roberts told Tribune Business that his 13-store su
Lockdown took private sector totally off-guard
The private sector was caught totally off-guard by the Prime Minister's decision to completely lockdown New Providence for seven days and bring commerce to a near-total halt. Khrystle Rutherford-Ferguson, the Bahamas Chamber of Commerce and Employer
Graycliff unveils 'workation' plans
A prominent Nassau resort has today unveiled its "workation" initiative as it bids to be "a home office in paradise" for foreign workers and students operating remotely.
Aquapure to be 'slammed' on water production backlog
A top bottled water manufacturer today predicted it will face a production backlog lasting for weeks once the present New Providence lockdown is lifted and demand surges.
