Lock-out criminals by true client verification
Criminals may be locked down, but are we - as risk and compliance professionals - ensuring they are also locked out of our financial systems? While the cycles of lockdowns and curfews continue based on COVID-19’s worldwide impact, one fact is certain
Scotiabank set to expand new deposit ABM roll-out
Scotiabank (Bahamas) has confirmed it plans to expand the roll-out of its “smart” or Intelligent Deposit Machine (IDM) network to improve convenience and efficiency for its customers. Roger Archer, Scotiabank (Bahamas) managing director, said six ID
'Budget for survival' on new cruise delay
Bay Street merchants and other cruise ship-dependent sectors were yesterday urged to “budget for survival” until at least 2020 year-end after the industry further delayed its return to November. Charles Klonaris, the Downtown Nassau Partnership’s (D
Supply disruption may cause ‘10% hit’ for contractors
Bahamian contractors may suffer up to “a ten percent bottom line hit” due to supply chain disruption during the COVID-19 lockdown, an ex-Bahamian Contractors Association (BCA) chief said yesterday.
Retailer says curb side 'very hard to execute'
A major Bahamian hardware retailer yesterday said its online sales were equal to just 20 percent of those generated in-store, describing curb side sales as “very difficult to execute”. Brent Burrows, CBS Bahamas (Commonwealth Building Supplies) gene
Insurer expands to US Virgin islands
A Bahamian insurer has expanded into the US Virgin Islands (USVI) to further its goal of reducing reliance on this nation to just 60 percent of its total business portfolio.Anton Saunders, RoyalStar Assurance’s managing director, told Tribune Busines
More firms facing 'death sentence'
Grand Bahama’s Chamber of Commerce president last warned that more and more businesses are being “handed a death sentence” as the island’s COVID-19 lockdown was extended to August 19. Greg Laroda told Tribune Business that The Bahamas needed to “fin
How to cope with lockdown stress
The past five months have been a difficult time for businesses and employees as they grapple with reduced hours, pay, work and customer engagement due to COVID-19. These losses have resulted in stress which, for many, has become distress. Large numbe
Landscapers: Two-day opening 'is not working'
Landscapers yesterday said the exemption allowing themselves and pool maintenance companies to operate two days per week during the COVID-19 lockdown “didn’t work then and is not working now”.Conray Rolle, interim chairman of the Bahamas Landscaping
Suppliers able to restock retailers
Food retailers yesterday confirmed that major wholesale suppliers have been allowed to restock their stores on Tuesday’s and Thursday’s amid the latest COVID-19 lockdown. Cyril Carey, general manager of Kenneth’s Food Store on Prince Charles Drive,
Barbers, salons: 'No one talking of closing'
Barbers, hair salons and spas have vowed “to cope” with their latest COVID-19 lockdown as one industry representative revealed: “No one is saying they are going to close down.” Dellarese Taylor, the Bahamian Cosmetologists and Barbers Association’s
IDB loans $200m to aid business climate
The Inter-American Development Bank (IDB) yesterday said it has approved a $200m loan to boost the business climate through increased productivity, innovation and greater diversification. The multilateral lender said the initiative would support the
Game plan to avoid COVID-19 'salvage'
The Bahamas must urgently develop a COVID-19 “game plan” covering all potential scenarios to prevent its economic recovery from becoming a “salvage” operation, a chamber chief urged yesterday. Ken Hutton, the Abaco Chamber of Commerce’s president, t
FINAL NAIL IN RETAIL COFFIN: Retail Association warns lockdown may be last straw for many traders
Bahamian retailers yesterday warned that the latest COVID-19 lockdown will be "the nail in the coffin" for multiple companies and jobs in a sector that employs more than 22,000 persons.
Economist warns reserves issues 'loom' long-term
The Bahamas faces a “looming problem” over the “lifeblood” of its economy if it is unable to swiftly attract significant foreign currency inflows, an economics lecturer warned yesterday.Rupert Pinder, who lectures at the University of The Bahamas, to
