Stem cell provider in May 28 wind-up
A pioneering Freeport-based stem cell therapy provider faces being placed into Supreme Court-supervised liquidation on May 28 over a “wholly unpaid” $12m debt owed to its main lender.The failure of the Okyanos Centre for Regenerative Medicine has bee
Use COVID crisis to shatter 'protectionist dependence' on elite
The COVID-19 crisis has given The Bahamas “a fantastic opportunity” to do away with the “protectionism” surrounding foreign direct investment (FDI) and “the merchant elite”, an ex-attorney general urged yesterday. Alfred Sears QC told Tribune Busine
Briland developer: Ex-manager cost me $2m
A Harbour Island developer says his former $21,000-per month project manager’s “negligence” in failing to obtain key permits has cost him more than $2m and delayed the project by ten months. Michael Wiener, principal of 4M Harbour Island Ltd, is bla
Supplies, income fear over Bimini lockdown
Bimini business owners yesterday voiced fears that residents will have insufficient food supplies and income to last for the two-week island lockdown that takes effect this coming Monday. Percy Duncombe, Sue and Joy General Store’s general manager,
Construction in 'full force' for GoldWynn Residences
Construction was yesterday said to have resumed in “full force” at the multi-million dollar GoldWynn Residences project at Goodman’s Bay with more than 125 people back to work. The developer, the Wynn Group, in an e-mailed response to Tribune Busine
Eleuthera Business forum's webinar plan
The annual Eleuthera Business Outlook conference will be held over two days via a series of webinars on May 21-22.The Counsellors is teaming with the Eleuthera Chamber of Commerce to stage the free event under the theme Post-COVID-19 readiness and pr
New Bahamas Waste recruits play key roles amid pandemic
Bahamas Waste says it has been bolstering its ranks with Bahamian recruits at all levels - some of whom are playing key roles amid the COVID-19 pandemic. Jasmine Davis, a newcomer to the waste management industry, joined the BISX-listed provider in
How to survive in COVID-19's storm
The entire Bahamian private sector is feeling the effects of the COVID-19 pandemic, but none more so than the mortar that binds the foundation of our economy - small businesses. For micro, small, and medium-sized enterprises (MSMEs), it is more impor
Scotiabank in credit card deferral move
A Bahamian commercial bank is offering up to a six-month deferral on credit card payments for persons affected by the COVID-19 shutdown. Scotiabank Bahamas, in a release sent to Tribune Business , said: “Scotiabank retail customers with credit cards
Restaurant owners eye social distance strategy
Restaurant and bar owners are already plotting how their establishments can re-open in compliance with COVID-19 health and safety protocols despite some suffering revenue declines of up to 95 percent. Peter Maury, owner of the Green Parrot and Marga
Aviation's 'golden opportunity' with COVID-19 reply
The Bahamian aviation industry may take 12-18 months to fully re-open, an industry operator forecast yesterday, adding that COVID-19 presents “a golden opportunity” to realise the sector’s potential. Anthony K Hamilton, president of the Bahamas Asso
'Divine intervention' need on COVID-19
A trade union leader last night said The Bahamas’ requires “divine intervention” to counter a COVID-19 economic fall-out that could reach “Biblical proportions”.Bernard Evans, the National Congress of Trade Unions of The Bahamas (NCTUB) president, de
Three-year 'VAT credit' to boost Family Islands
The government is being urged to use a three-year system of VAT credits to rescue Family Island businesses and encourage investment by their owners in a bid to revive these economies post-COVID-19.The proposal is contained in documents submitted to t
Pandemic 'complicates' Abaco's Dorian rebuild
The COVID-19 pandemic has “created a lot of complications” for Abaco’s post-Dorian rebuilding with another hurricane season just weeks away, Tribune Business was told yesterday. Lance Pinder, Abaco Big Bird Poultry’s operations manager, told Tribune
US supply chain woe hits Bahamas retailers
Supply shortages due to COVID-19’s impact on the US are hitting Bahamian hardware and building materials stores, several operators confirmed yesterday. Flora Davis, general manager of Davis Plumbing and Hardware, told Tribune Business: “Business is
