Retailers blast NIB benefit non-payment
The Bahamas Federation of Retailers (BFR) co-president yesterday charged that the National Insurance Board (NIB) is not paying unemployment benefits to all approved applications. Tara Morley told Tribune Business : “Almost none of us have received f
Retailers: 'Curb side can't cover AC costs'
Several Bahamian retailers were yesterday said to be on the verge of bankruptcy due to the COVID-19 lockdown, with some saying: “Curb side sales can’t even cover the cost of turning the AC on.”Tara Morley, the Bahamas Federation of Retailers (BFR) co
BPL-Shell deal has issues to resolve
A Cabinet minister last night revealed "there are a number of legal issues to be cleared up" before Shell North America's multi-fuel power plant deal with Bahamas Power & Light (BPL) can proceed.
Aragonite miner denies 'Sandy Cay' connection
A Bahamas-based aragonite miner yesterday vehemently denied it had any links to a Mexican company claiming it has the necessary approvals to export “aragonite sand” from a location called “Sandy Cay”. Anthony Myers, Sandy Cay Development Company’s p
AG: 'We can't ever let our guard down again'
The attorney general yesterday warned the financial services industry that The Bahamas “cannot afford to let our guard down again” on complying with international anti-financial crime standards. Carl Bethel QC, addressing an Internet-based conferenc
PM promises: 'I'll bulldoze red tape'
The prime minister yesterday promised the Bahamian financial services industry that he will “bulldoze bureaucratic roadblocks” impeding the ease of doing business in this nation following the COVID-19 crisis.Dr Hubert Minnis, pictured, addressing an
Eliminating Immigration corruption is 'key focus'
Eliminating corruption at the Immigration Department is a “primary focus” for the government, a Cabinet minister said yesterday, adding that he “cannot stress how vital” this objective is.Elsworth Johnson, pictured, minister of financial services, tr
Web shops going legal on closure
Several web shops yesterday "lit the candle under" their attorney to file legal action against the Government by tomorrow "at the latest" over their continuing COVID-19 closure.
No decision 'yet' on shedding civil service retirees
The government had made no decision “as yet” on whether it will seek to cut the $670m civil service wage bill by shedding all public sector workers who have reached retirement age. K Peter Turnquest, in brief messaged replies to Tribune Business que
Bahamas urged: Break with fiscal 'false reality'
Bahamians were yesterday urged by a governance reformer to “take off the rose-coloured glasses and get real” over a post-COVID-19 predicament that has pushed the country “over the fiscal edge”.Robert Myers, the Organisation for Responsible Governance
'Stop picking virus winners and losers'
A Bahamian retailer yesterday urged the government to “stop picking winners and losers” in determining which businesses are COVID-19 “essentials” after he was forced to fully terminate 20 staff.Egan Kemp, president of Eunison Company, the Shoe Depot
BISX-listed firms warn on dividends
Several BISX-listed companies have warned shareholders against “undue optimism” that dividend payments will continue given the need to preserve cash and liquidity during the COVID-19 pandemic. Both JS Johnson and Family Guardian cautioned investors
Social services in $700k IT system
The Ministry of Social Services has received the go-ahead to acquire a near-$700,000 information management system that will better track benefits recipients and reduce application turnaround times. Frankie Campbell, pictured , minister for social s
Foreign firm removes aragonite permit claim
A Mexican company has removed from its website promotional material claiming it has the necessary approvals to dredge for, and export, “aragonite sand” from Sandy Cay in the northwestern Bahamas.Oceanus International’s website, up until April 25, sta
Minister rejects NIB concerns in Bimini
A Cabinet minister yesterday rejected concerns that many Bimini residents had failed to receive their National Insurance Board (NIB) unemployment benefit prior to the island’s two-week lockdown. Brensil Rolle, minister for the public service with re
