Govt agency closures ‘drag commerce down’
The inability of the government’s key commercial agencies to function amid the COVID-19 lockdown is “dragging commerce down” and slowing what little activity remains, an attorney warned yesterday.
Super Value chief: COVID vulnerable must remain home
Super Value’s president has suggested that all persons aged over 65, and those with pre-existing medical conditions, remain at home to facilitate the Bahamian economy’s COVID-19 re-opening.
Commercial landlords urged: Set out strategy through year-end 2020
A major property manager is urging commercial landlords to develop a “long-term plan” that tackles COVID-19 uncertainty by taking themselves and their tenants through to end-2020.
Bahamas confronts 'Sir Stafford Sands moment'
COVID-19 has created “a Sir Stafford Sands moment” for The Bahamas to transform its economy and “leap” into the 21st century, an ex-Cabinet minister argued yesterday. Alfred Sears QC, a former attorney general, told Tribune Business that the country
Ex-AG: Govt agencies must 'raise their game'
Key government agencies that form The Bahamas’ commercial hub were yesterday urged by an ex-attorney general to rapidly “step up their game” in adapting to COVID-19’s digital business demands.John Delaney, now principal at the Delaney Partners law fi
Business payroll relief gets $19.5m IDB funding boost
Some $19.5m in Inter-American Development Bank (IDB) funding has been reallocated to payroll support for Bahamian businesses amid COVID-19, the deputy prime minister confirmed last night. K Peter Turnquest told Tribune Business that the multilateral
Digital payments provider eyes 50k year-end users
A Bahamian digital payments provider yesterday said the COVID-19 pandemic has helped it exceed first-year expectations “by almost 100 percent” as it targets 50,000 active users by 2020 year-end.Keith Davies, Kanoo’s chairman and chief executive, told
Jobless Bahamians fume at third-party benefits provider
Irate jobless Bahamians have blasted a third-party digital payments provider for its failure to provide them with much-needed benefits and income support amid the COVID-19 crisis.Island Pay’s Facebook page has been inundated with postings by angry Ba
Regulator probes meat, rubbing alcohol 'gouging'
Price regulators yesterday said they were probing potential cases of meat and rubbing alcohol gouging by pharmacies and food stores.Danny Sumner, the Price Control Commissions (PCC) chairman, told Tribune Business: “I have gotten a few complaints thi
Bahamians told: Brace for 100% lumber hike
A Nassau-based building supplier yesterday warned consumers to brace for at least a 100 percent increase in lumber prices during this hurricane season due to the COVID-19 pandemic.Raymond Collins, Tops Lumber and Plumbing’s general manager, told Trib
Bahamas in southern boating 'travel bubble'
The Bahamas is promoting its COVID-19 free southern islands as a “travel bubble” for visiting boaters in a bid to retain at least some tourism business, a top official said yesterday. Joy Jibrulu, pictured , the Ministry of Tourism’s director genera
We won’t ’Shell’ Bahamas short
A Cabinet minister yesterday pledged that Bahamas Power & Light (BPL) "will not sell the Bahamian people short" in negotiations with Shell North America over New Providence's new power plant.
Lawyers losing out in lockdown
Commercial lawyers have seen business volumes plunge by up to 80 percent amid the latest COVID-19 lockdown, two ex-Cabinet ministers disclosed yesterday, describing the impact as “tremendous”.
FDI’s 33% decline ‘horrendous signal’
The 33 percent decline in foreign direct investment (FDI) inflows in 2019 is “an horrendous signal” for The Bahamas’ prospects of replacing tourism’s earnings, a governance reformer has warned.
Cruise lines urged: Come to our cities once you return
A Cabinet minister yesterday promised to “encourage” the cruise lines to visit The Bahamas’ major cities immediately upon the resumption of sailing despite the sector’s preference for its private islands.
