Businesses facing 'cripplingly expensive' cash flow insurance
“Cripplingly expensive” business interruption cover, and “local” bank managers allowing borrowers to only protect their loan rather than property value, were key weaknesses exposed by Hurricane Dorian. The Central Bank, in its review of the “lessons
Bahamas urged to re-examine 'citizen investors'
A Bahamas-based contractor yesterday argued that this nation should re-examine introducing an “investor citizenship” initiative to help counter COVID-19’s negative impact.
Air charter firms see 80% fall-off
Domestic travel has yet to produce a significant rebound for Bahamian airlines and charter operators, with some suffering an 80 percent drop-off despite the easing of COVID-19 lockdown restrictions. Lori Roach, director of Golden Wings Charter, told
Paradise Cruise delay 'probably for the best'
Businesses yesterday said Bahamas Paradise Cruise Line’s (BPCL) delayed return to Grand Bahama is probably for the best given the surge in COVID-19 cases in Florida. Wayne Russell, general manager of BWA Suppliers, told Tribune Business : “This is p
Contractors impatient for the promised 'flood'
Bahamian contractors yesterday said they are getting impatient for the “flood” of construction work promised by the government’s $515m capital works budget as projects dry up amid COVID-19. Jacob Fowler, owner/operator of C-Jays Building Constructio
Laying out the road map for economic resilience
In the latest of his series, Hubert Edwards says growth must be The Bahamas' focus amid the COVID-19 quagmire If the problems faced by The Bahamas are to be solved in a sustainable way, it is critical there should be a proper problem definition.
Cable Bahamas axes 87 staff on furlough
Cable Bahamas' top executive yesterday admitted that hopes the COVID-19 crisis would "be short term" have been dashed as it permanently terminated 87 staff.
September eyed for temporary lay-off time extension
Government and private sector officials yesterday confirmed there is “much talk” about extending the temporary lay-off period to end-September to ease job pressures.John Pinder, pictured, the director of labour, and Peter Goudie, the Bahamas Chamber
Pawn shops see business pick-up
Pawn shops yesterday said they were starting to see a business uptick as jobless Bahamians seek to unload gold and electronic goods for much-needed cash. Philippa Major, general manager of Cashwiz, told Tribune Business : “Business is coming in a li
QC: Abaco marina ruling ‘another nail in the coffin’
An outspoken QC yesterday slammed a Court of Appeal verdict involving an Abaco marina development as “another nail in the coffin of public interest litigation”.
Cable warily eyes $300m preference debt maturity
Cable Bahamas is warily eyeing the need to repay more than $300m in preference share debt over a five-year period from 2023 to 2027, its top executive said yesterday. Franklyn Butler, the BISX-listed communications provider’s president and chief exe
John Watling's rebrands COVID-19 hand sanitiser
John Watling’s Distillery has relaunched the hand sanitiser created to combat COVID-19 under the Buena Vista Estate name. Just three months after its initial launch, the company said it has has partnered with Blanco Chemicals to locally source spray
Cruise line postpones its return to August 28
Bahamas Paradise Cruise Line yesterday said it has further postponed its operational restart until August 28 amid a surge in US COVID-19 infections. The operator of the Grand Celebration and Grand Classica vessels, which sail to Freeport and Nassau
Scotiabank unveils 'cashless' branches
Scotiabank Bahamas has launched a “cashless” branch pilot initiative at four of its New Providence locations as its digital drive gathers pace. Roger Archer, the institution’s managing director, said its Nassau main (Rawson Square), Palmdale, Paradi
Financial provider set to restart consumer loans
A Bahamian financial services provider yesterday said it will re-start consumer lending to private sector employees this week. Laquel Miller, Simplified Lending’s chief operating officer, said in a statement: “We at Simplified Lending believe that o
