Insurer: We can't raise premiums indefinitely
A leading insurer says the industry “simply cannot keep putting broad brush premium increases” on Bahamian households and businesses because this will create an unsustainable business model.Tom Duff, Insurance Company of The Bahamas (ICB) general man
ART OF GRAPHIX: Avoiding really graphic mistakes
Ever had a misunderstanding with a graphic or website designer who promised a dazzling design, but instead delivered a big mess? Did you lose time, hundreds of dollars, business reputation and suffer emotional turmoil? And, the worst part: You had to
Hardware suppliers see minimal storm business
Hardware and building materials suppliers yesterday reported no increase in business despite the weekend tropical storm threat posed by “potential cyclone nine”. Brent Burrows, CBS Bahamas (Commonwealth Building Supplies) general manager, told Tribu
'Interference' slashes BDB bad debt recovery to 50%
“Interference” in loan recoveries has made it extremely challenging for the Bahamas Development Bank (BDB) to claw back even 50 percent of its credit losses, international consultants have revealed. Canada-based International Financial Consulting (I
Tourism arrivals off 99% in June
A senior Ministry of Tourism official yesterday revealed a 99 percent year-over-year arrivals drop for June 2020 despite opening up to private air and sea visitors half-way through. Dr Kenneth Romer, the Ministry of Tourism’s executive director of p
'Utter madness': Drivers blast new jitney closure
Jitney drivers yesterday blasted the government’s decision to abruptly close the industry within weeks of its restart as “utter madness”, with police officers ordering passengers out of vehicles. However, Wesley Ferguson, the Bahamas Taxi Cab Union’s
Realtors warn: 'Don't break the economy'
Leading realtors yesterday urged the government not to “break the economy” as they warned that the mandatory 14-day quarantine facing all visitors will bring the international market to a halt.John Christie, HG Christie’s president and managing broke
Developer blasts 'last-ditch fishing expedition' effort
A Harbour Island developer is accusing the project’s opponents of embarking on a desperate “last-ditch fishing expedition” to obtain evidence from his former development manager. Michael Wiener, principal of 4M Harbour Island Ltd, is alleging that B
ActivTrades: When the going gets tough investors turn back to old friends
Despite the mayhem caused by the coronavirus pandemic and rising Sino-American tensions, an old favourite has managed to keep its sparkle. I'm talking about gold, of course.
Realtor enjoys 130% website visit rebound
A Bahamian real estate firm says a 130 percent year-over-year increase in visitors to its website since June 1 suggests the sector could rebound rapidly in COVID-19’s wake. Bahamas Realty, in a statement issued prior to the government imposing a man
Two employees test positive for COVID-19 at Scotiabank Freeport branch
Scotiabank (Bahamas) yesterday confirmed two employees had tested positive for the COVID-19 virus.
Govt awaits $500m financing package
The deputy prime minister yesterday said the government will “certainly this week” receive around $500m in bridge financing from multilateral institutions as part of its $1.3bn deficit funding strategy. K Peter Turnquest, pictured , speaking to repo
New quarantine rules 'will deter everybody'
Bahamian marina and private aviation operators yesterday warned that imposing a 14-day mandatory quarantine on their clients will “hurt a lot when they cancel and don’t show up”.Peter Maury, the Association of Bahamas Marinas’ (ABM) president, told T
Tourism 'very hard sell' with 14-day quarantine
A Cabinet minister yesterday admitted that leisure tourism is now “a very, very difficult sell” for The Bahamas given that all visitors must quarantine for 14 days upon arrival to prevent COVID-19’s spread. Dionisio D’Aguilar, minister for tourism a
Fidelity 'holding our own' on $7.5m half-year profit
Fidelity Bank (Bahamas) incoming chief executive will tomorrow unveil $7.5m in 2020 half-year profits as evidence the bank is “holding our own on the bottom line” despite COVID-19. Gowon Bowe, who will replace Tom Hackett and be appointed to the BIS
