Luciano's operator gives 'more casualties' warning
The operator of Luciano’s yesterday warned that COVID-19 will claim “more casualties” in the Bahamian dine-in restaurant industry after the pandemic put “the final nail in the coffin” for the business and its 72 employees.Ash Henderson, marketing dir
B$ devaluation 'not on horizon'
Devaluation of the Bahamian dollar “is not on the horizon at all”, a former Central Bank governor said yesterday, adding that the country’s all-important foreign reserves have several protective mechanisms around them. James Smith, also a former fin
Palm Cay launches final home sites sale
A New Providence real estate development is aiming to sell off its remaining home site inventory now that the government has lifted the COVID-19 restrictions on property showings.Palm Cay, the mixed-used real estate and marina development on New Prov
Port Authority hails digital payment firm
A Bahamian digital payments solutions provider has launched its platform in Grand Bahama through the five-store Express Food Mart chain.Kanoo, a Grand Bahama Port Authority (GBPA) licensee, has launched a platform that can assist businesses and custo
Extended store hours to ease 'crazy volume'
An auto parts supplier yesterday said “the crazy volume” of customers that initially lined up outside his store should be reduced now it can re-open for a full five days per week. Dwayne Higgs, WHIM Automotive’s general manager, told Tribune Busines
Real estate firm back in the office
A prominent Bahamian real estate firm yesterday confirmed it has resumed office operations for the first time in nine weeks after COVID-19 lockdown restrictions were eased. Damianos Sotheby’s International Realty said its offices across The Bahamas
Bahamas lost 60,000 livestock to Dorian
The Bahamas lost 60,000 livestock as part of the $80m in damages inflicted upon the agricultural sector by Hurricane Dorian, a regional agricultural body has revealed. The Caribbean Agricultural and Research Development Institute (CARDI), in a state
Govt seeking debt payment delay - and $250m IMF loan
The Government is seeking "breathing room" by deferring debt repayments coming due, it can be revealed, as it last night confirmed it has applied for a $252m "emergency" International Monetary Fund (IMF) loan.
Ex-minister fears 100% debt/GDP
A former finance minister fears The Bahamas could be “in really dangerous territory” by June 2021 with a national debt that is equal to the size of its economy. James Smith, pictured , who held the post under the first Christie administration, told
Aliv's 'triple whammy' puts revenue off 15%
Aliv’s revenues are recovering from a “15 percent-plus” fall-off in April sparked by a “triple whammy” from the COVID-19 pandemic, the mobile operator’s top executive has revealed. Damian Blackburn told Tribune Business that besides coping with a 30
'Park our pride and grow GDP'
The government is being urged to eliminate the backlog of permanent residency applications within 30 days as a means to secure “easy money” for the Public Treasury and a multi-million dollar foreign exchange boost. Jason Kinsale, the Bahamian develo
Could this be the end of globalisation?
The coronavirus has created much disruption, unbalancing the pillars that sustain our way of living. This is particularly noticeable in the effect the virus-containment measures are having on globalisation. As the disease progressed from east to west
GB businesses helped to RISE via $725k grant
A joint initiative to provide grant funding to Grand Bahama-based businesses struggling to rebuild from Hurricane Dorian plans to disburse a further $725,000 among 76 selected companies.The Restoring Industry, Sustaining Employment (RISE) grant progr
Govt warns GB vendors on direct deposit switch
Grand Bahama businesses and individuals who provide goods and services to the government must undergo a “verification exercise” ahead of the introduction of electronic vendor payments. The Public Treasury, in a statement, said the switch to payment
Countering the corruption risk caused by COVID-19
Corruption and bribery risks, by all indications, increase during a crisis. Over the past decade, a sustained number of corruption and bribery cases have occurred because of entities not fully appreciating the risk attached to their vendors or weak i
