Board delayed water contract for 14 months
A master plan to solve New Providence’s wastewater woes was delayed for 14 months after the then-Water & Sewerage Corporation Board sought a “sole-source award” of the contract, Tribune Business can reveal.
Pension savers: Don't panic on negative returns
Bahamians were yesterday urged to “take the long-term view” and avoid knee-jerk reactions to the negative returns experienced by pension plans and other long-term savings as a result of COVID-19.Larry Gibson, vice-president of Colonial Pension Servic
‘Finally’ pay day’s arrived
A former Bahamian Contractors Association (BCA) president says today's first construction industry payroll for seven to eight weeks will prove "a huge stress buster for lower and middle income families".
Junior stock market vital to agriculture investment
A Caribbean private sector executive yesterday said the creation of a junior stock maket is “important” to generating financing for agricultural projects in The Bahamas and wider region. Dr Patrick Antoine, a representative from the Caribbean Privat
Junkanoo 'icons' in lead museum role
Two Bahamian Junkanoo icons have been engaged to play a key role in developing the Junkanoo Museum at the revamped Nassau Cruise Port. Percy “Vola” Francis and Arlene Nash-Ferguson will be heavily involved in creating this cultural attraction direct
Reducing the risk with covid-19 re-opening
A return to regular work is imminent for many employees throughout the world as restrictions imposed in response to the coronavirus (COVID-19) are reviewed. The Bahamas is no exception.It is a welcome move for businesses that have struggled through t
Arawak Cay vendors awaiting 'green light'
Arawak Cay vendors were yesterday said to still be waiting on the “green light” to reopen following the COVID-19 enforced shutdown. Rodney Russell, the Arawak Cay Association’s president, told Tribune Business: “The Arawak Cay family has no authorit
Sir William resigns as Property Fund director
The BISX-listed Bahamas Property Fund has announced that former finance minister, Sir William Allen, pictured , resigned as one of its directors with effect from April 30, 2020. Michael Anderson, the Property Fund’s chairman, said Sir William’s back
Fisheries: COVID-19 disrupting all levels
All elements of the fisheries industry yesterday said earnings and profits have been negatively impacted by the COVID-19 lockdown.Anthony McKinney, Paradise Fisheries’ president, told Tribune Business that the restaurant industry’s closure had caused
Bannister aiming for $500m works budget
A Cabinet minister yesterday said he will be "smiling from ear to ear" if his wish for a $500m capital works budget to improve decaying infrastructure and boost the economy is granted.
Labour chief: 2,500 in termination threat
The government’s top labour official yesterday warned that 2,500 employees are threatened with termination unless the period in which they can receive unemployment benefit is doubled to 26 weeks.John Pinder, director of labour, told Tribune Business
BTC suffers 8% revenue decline
The Bahamas Telecommunications Company (BTC) suffered an eight percent year-over-year top-line decline during the 2020 first quarter, it was revealed yesterday, with revenues dipping below the $50m mark. BTC’s parent, Liberty Latin America (LiLAC),
Auto dealer: 'Level the playing field'
A Bahamian auto dealer is urging the government to “level the playing field” as he voiced concerns that competitors are being allowed to open in-store more frequently than his own business.Ben Albury, Bahamas Bus and Truck’s general manager, told Tri
BISX-listed firm 'bullish' on $1.2m travel investment
A BISX-listed company yesterday said it remains “bullish” on a $1.2m travel agency investment that it believes can still target a Bahamian market worth up to $1bn post-COVID-19.Julian Brown, pictured, Benchmark (Bahamas) president and chief executive
'Safety over money' for entertainment centres
Entertainment centres yesterday pledged to prioritise “safety over making money” when it came to re-opening in the wake of the COVID-19 pandemic. Chris Mortimer, president of Galleria Cinemas, told Tribune Business: “We have to err on the side of ca
