Downtown Nassau sees 70% revenue fall in cruise close
Cruise tourism-dependent downtown Nassau businesses yesterday said they may close down until September with revenues down by up to 70 percent in a bid to survive until the industry’s return. George Mousis, Athena Café’s general manager, told Tribune
Cruise tourism jobs 'simply evaporated'
A Cabinet minister yesterday conceded all cruise tourism-dependent jobs have “simply evaporated for the time being” as he revealed that one major line suggested the industry might not relaunch until mid-November.Dionisio D’Aguilar, minister of touris
$100m for 'serious food security dent'
The Bahamas needs to invest “at least $100m” to boost food security and make “a serious 40 percent” dent in its import bill, an agriculture entrepreneur is arguing.Caron Shephard, president of the newly-formed Bahamas Agro Entrepreneurs Group, told T
Recovery Committee targets early September completion
The prime minister’s COVID-19 Economic Recovery Committee last night said it will present its final report on the road map for The Bahamas’ revival by early September 2020, with consultations to start next month. The committee, in a statement, said
PwC: IT spending 'paying dividends'
A Bahamian accounting firm yesterday said its technology investments are “paying dividends” by upholding productivity throughout COVID-19 even though just ten percent of staff have currently returned to the office. Prince Rahming, territory manger f
Compliance officers elect new executive committee
The Bahamas Association of Compliance Officers (BACO) elected its 2020-2022 executive committee last Friday during its biennial general meeting held via Zoom conference .“Members of BACO should expect more collaboration, increased partnership and int
Restaurants: 'No choice' on 50% indoor capacity
Bahamian restaurants yesterday said they have “no choice” but to adjust their business models to the 50 percent indoor dining capacity limit set by the prime minister in the latest COVID-19 health protocols. Jacques Carlino, owner/operator of Blue S
Cruise passengers won’t be downtown this year
Nassau Cruise Port's top executive yesterday warned that downtown Bay Street is "unlikely to see any cruise passengers" before year-end 2020 regardless of whenever the industry resumes sailing.
Jitneys want fare rise to offset new limits
Jitney drivers yesterday confirmed they are lobbying for a 60 percent increase in adult fares to compensate for bus capacity being slashed in half due to COVID-19 safety measures.
Hurricane Hole developer's new $352m project
Hurricane Hole developer’s has received initial approval for a $352.2m development on Matt Lowe’s Cay that promises a desperately-needed boost for Abaco’s Dorian-ravaged economy, it was revealed yesterday. Dr Hubert Minnis, in his contribution to th
Bahamas ‘obvious target’ for hackers
Attorneys yesterday warned the latest Registrar General’s Department hack shows the government “cannot get away” with any IT system deficiencies, adding: “We’re an obvious target.”
Economy 'wipe out' if firms fail in complying
The Bahamian economy “could be wiped out” if business owners and employees fail to take compliance and enforcement of COVID-19 health protocols seriously, a top private sector executive warned yesterday.Jeffrey Beckles, the Bahamas Chamber of Commerc
Crown Land inequity must be addressed
Crown land can be defined as public land. It is a territorial area owned by the state (government) that citizens can access and also have the right to use. In The Bahamas, the controversies surrounding crown land can be divided into two parts: Owners
Companies urged to focus on IT system weaknesses
A cyber security specialist yesterday urged Bahamian businesses and government agencies to identify “extremely sought after” soft targets in their IT systems following the attacks on the Registrar General’s Department. Philip Darville, SolveIT Baham
Social distancing key to gym re-openings
Bahamian gyms and fitness centres yesterday acknowledged that social distancing will be critical to their safe COVID-19 re-opening on July 1. Jennifer Godet, owner of J-Line Fitness Bahamas, told Tribune Business that the permission granted by Dr Hu
