'Baffled' over failure to reform public pensions
The Chamber of Commerce’s chief executive says he is “baffled” at the government’s failure to reform public sector pensions by making civil servants contribute towards their own retirement costs.Jeffrey Beckles, speaking on a webinar hosted by the Ch
Economy set to contract by 15%
The Bahamian economy is likely to shrink by 15 percent this year due to the combined effects of COVID-19 and Hurricane Dorian, a financial analyst has predicted. Anthony Ferguson, CFAL’s principal, speaking to a webinar hosted by the Chartered Finan
Govt 'not serious' over food security
The government’s 2020-2021 budget allocation for agriculture shows it “can’t be serious” about improving The Bahamas’ food security, a well-known financial analyst says.Anthony Ferguson, CFAL’s principal, speaking on a webinar hosted by the Chartered
Minister not disappointed at missing $500m 'dream'
The minister of works says he is “not at all disappointed” by his $151m capital works budget for 2020-2021 even though it falls well short of his previously-voiced desire for $500m.Desmond Bannister, speaking ahead of today’s Budget debate kick-off,
Airport calls for early arrivals as it reopens
Officials at Lynden Pindling International Airport (LPIA) are urging travellers to arrive two hours ahead of departure time when domestic inter-island flights resume today.The Nassau Airport Development Company (NAD), in a statement released yesterda
Tour operator fears on COVID protocols
Tour and excursion provider are voicing concerns over the cost and ease of execution associated with implementing portions of the tourism industry’s post-COVID-19 Readiness and Recovery Plan . Captain Mike Russell, owner of Chubasco Charters, told T
Analyst: VAT hike to 15% 'inevitable'
A leading financial analyst says a VAT rate hike to 15 percent is “inevitable” within two years of the next election as he called for a shift to a more progressive system via personal and corporate income tax.Anthony Ferguson, CFAL’s principal, speak
‘No difficulties’ over $150m airport raise
The government “sees no difficulty” in securing private financing to kickstart the bulk of its “over $150m” Family Island airport redevelopment ambitions, a senior official told Tribune Business yesterday.
Don’t ‘dilute tourism’ through incentives
Government and tourism industry executives are arguing it is too early to use incentives to reboot the country’s number one industry, with one warning against “diluting existing business”.
Marinas: We didn’t ask for cruise permit waiver
Bahamian marinas have denied that they are behind the tourism industry recovery plan’s call for the government temporarily waive cruising permit fees in a bid to attract boaters back to these waters post COVID-19.
Bahamasair cutting its summer schedule by 20%
Bahamasair yesterday said it is planning a 20 percent cut to its summer schedule after incurring $18.5m in revenue losses and unfunded costs due to the combination of Hurricane Dorian and COVID-19.
Tourism payroll given $2m more than needed
A Cabinet minister has admitted that his ministry's payroll was over-budgeted by $2.5m for the 2019-2020 fiscal year and has now been returned to normal levels by the new Budget.
COVID-19 costs Mall retailers 40% of sales
Mall at Marathon retailers yesterday voiced optimism that business activity will rebound swiftly after the COVID-19 lockdown cost some between 30-40 percent of their annual sales.
How compliance can assist with adaptation
“Strategy”, “new normal”, “pivoting” and, most recently, “agility” have been among the most popular buzz words and topics employed by speakers and presenters from around the world in recent months.
Jitneys drivers eye licensing extension
Jitney drivers yesterday asked the government for two months’ grace to licence their vehicles as they prepare to return to the roads on July 1 after a two-and-a-half month absence.
