AID: 'Still best time' for $8.2m projects
A major Bahamian retailer yesterday said it believes this is “still the best time to go ahead” with its $8.2m investment in new stores despite the latest national COVID-19 lockdown. Jason Watson, Automotive Industrial Distributors (AID) president, t
BTC suffers 15% revenue decline
The Bahamas Telecommunications Company (BTC) was not spared by the COVID-19 pandemic, it was revealed yesterday, as the carrier suffered a near-15 percent year-over-year first half revenue fall. Liberty Latin America (LiLAC), the ultimate parent for
Auto parts supplier pleads website case
An auto parts supplier yesterday urged the government to permit its website to facilitate delivery and pick-up purchases as The Bahamas entered it second COVID-19 national lockdown. Dwayne Higgs, WHIM Automotive’s general manager, told Tribune Busin
Digital provider: 'We're like domestic credit card'
A digital payment provider, which facilitates the National Insurance Board’s (NIB) unemployment benefit payments, yesterday likened its system to a “domestic credit card”. Sean Smith, SunCash’s business development manager, told Tribune Business tha
Company losing fight against staff lay-offs
An auto parts and hardware store yesterday warned it may lay-off some of its 25 staff members due to the restrictions imposed by the new two-week COVID-19 lockdown.Doreen Rolle, owner/operator of Rolle’s Auto, told Tribune Business: “The hardware sid
Breezes remains open with 'handful of guests'
A major Bahamian resort yesterday confirmed it remains open despite the nationwide COVID-19 lockdown because it is hosting “a handful of guests” waiting out their 14-day quarantine requirement. Muna Issa, SuperClubs Breezes managing director, told T
$8.8m Andros bridge eyes December finish
The $8.8m Staniard Creek Bridge replacement is due to be completed by Bahamas Marine Construction by December 2020, the Ministry of Works has announced.Desmond Bannister, minister of works, said the existing concrete bridge structure was in “extremel
GB marine life set to land knock-out blow
Grand Bahama’s marine life will be at centre stage when boxer Mike Tyson takes on one of the ocean’s greatest predators during the launch of Discovery Channel’s Shark Week this Sunday. The channel will feature the Tyson versus Jaws: Rumble on the Re
Funeral director slams restrictions
A Bahamian funeral director yesterday said it “not fair” and in “poor taste” that persons cannot give their loved ones a full send-off during the latest COVID-19 lockdown. Denalee Penn, Evergreen Mortuary’s chief executive, told Tribune Business of
Training Agency aids 255 students online
The National Training Agency (NTA) says it is giving 255 students free online job training and certification to prepare them to function effectively in the workplace amid COVID-19. The students are being trained in office procedures; information tec
'Don't kill the fly with the sledgehammer'
Bahamian businessmen yesterday warned that the two-week national lockdown could be “more devastating than COVID-19 itself”, and urged: “Don’t use a sledgehammer to kill a fly.” Ben Albury, Bahamas Bus and Truck’s general manager, told Tribune Busine
Auto dealers 'crippled' as sales drop 55.5%
Auto dealers yesterday said they were bracing for the two-week lockdown’s “crippling” effect after suffering an industry-wide 55.5 percent decline in new vehicle sales for the 2020 second quarter. Rick Lowe, the Bahamas Motor Dealers Association’s s
Foreign reserves enjoy $200m restriction boost
The Central Bank’s governor yesterday said restrictions imposed on capital outflows have boosted the external reserves by $200m to-date, as he pledged: “Losing control of the peg is not an option.”John Rolle, unveiling the regulator’s economic assess
Lockdown: 'Low hanging fruit' missed out
The Bahamian private sector was yesterday said to be in discussions with the government to address “low hanging fruit” that can aid the economy amid the latest COVID-19 lockdown.Jeffrey Beckles, the Bahamas Chamber of Commerce and Employers Confedera
Governor: No tourism rebound fully till 2023
The Central Bank’s governor yesterday warned the tourism industry might not fully recover from COVID-19 until 2023 with the Bahamian economy now projected to contract by 15-20 percent this year.
