Unemployment back to 'single digits' by 2022
The government’s top labour official is projecting that various “anchor projects” will return The Bahamas’ jobless rate to “single digit” levels by the end of 2022. John Pinder, the director of labour, told Tribune Business that multiple development
ACTIVTRADES: A green revolution could emerge from the economic devastation caused by the coronavirus
In the face of adversity, it’s normal and healthy to find reasons to be cheerful, so spirits can be kept high and the fightback initiated; every cloud has a silver lining, as the saying goes. One of the silver linings found during the coronavirus cri
How hotels, banks can fight human trafficking
As the world’s greatest economy approaches June 19, a date that marks news of the abolition of slavery reaching Texas, financial crime professionals across the US and the world are grappling with a different but uncomfortably similar problem. It is m
Restaurant proprietor 'blessed to be open'
A Sandy Port restaurant’s proprietor says he is “blessed to be open” after enduring a three-month COVID-19 lockdown even though the prohibition on indoor dining will cost him 40 percent of normal revenues. Jacques Carlino, owner/operator of the Blue
Time to get the 'boot' off financial services' neck
Until The Bahamas adjusts its business model or approach to delivering financial services it will be vulnerable to the vagaries of international (supra-national) agencies and developed countries seeking to destroy it as an international financial cen
Airlines plot different Bahamas return time
Major US airlines are taking different positions on when to resume services to The Bahamas, with some opting to wait one month as rivals relaunch with the border opening on July 1.Delta Airlines, telling Tribune Business it will be back from day one,
Long Island resort in 50% room night drop
A Long Island resort is predicting that its room nights will be down almost 50 percent year-over-year for July after generating business via its social media platform.Matthew Brear, general manger of Cape Santa Maria, told Tribune Business: “We’re ki
Pelican Bay staff in COVID-19 training
Some 40 staff members at a Grand Bahama hotel have participated in the government-mandated tourism business compliance training sessions. “We are elated and excited to welcome both our Bahamian and international guests back to our happy hotel, and w
Atlantis 'domino effect' failing to materialise
The hotel union’s president says the hoped-for “domino effect” from Atlantis announcing its July 7 re-opening has failed to materialise after Baha Mar delayed its own comeback and warned of “staff reductions” to come.Darrin Woods, the Bahamas Hotel,
COVID-19 rise 'inevitable' with tourism's reopening
Requiring visitors to take a COVID-19 test before they enter The Bahamas is “a non-starter”, a Cabinet minister argued yesterday, while warning that the tourism industry’s July 1 re-opening will “inevitably” increase cases. Dionisio D’Aguilar, minis
Sandals' November reopen to have 'devastating effect'
A union leader last night warned that Sandals’ delaying the re-opening of its flagship Cable Beach property until November 1 will have “a devastating effect” on staff who will be “unable to survive another five months”.Obie Ferguson, the Trades Union
Bahamas 'biggest' employment claim rejected on appeal
A $1.346m wrongful dismissal claim against a BISX-listed insurer, rejected by the Court of Appeal, was yesterday branded by an employment law specialist as the “biggest” he has ever seen in The Bahamas. Robert Adams, consultant attorney at Delaney P
Insurer: Dorian causes largest vehicle losses
Bahamas First says Hurricane Dorian’s devastation caused its “largest motor vehicle” loss ever with 538 claims producing gross losses of more $6m in that business category.The property and casualty insurer’s 2019 annual report adds that while most of
Oil explorer: Merger 'assures' Bahamian well will be drilled
An oil explorer yesterday said its pending merger with another Caribbean-based operator “assures rather than threatens” the delivery of its first well in Bahamian waters by year-end 2020.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive
Modular home builder expanding its reach
A newly-established modular home builder is expanding from its Freeport base to serve Family Island residential and small commercial clients with storm-resilient structures.Mosaic Modular, led by its chief executive, Edward Rice, opened in Freeport j
