COVID-19 gives chance to improve food security
As a result of the COVID-19 pandemic, the term ‘food security’ is sending consumers into panic mode, resulting in long lines and empty shelves at local grocery stores. While the government has repeatedly reassured that there is no shortage of food or
Farmer's Crown Land plea for $310,000 outlay to work
A Bahamian chicken farmer says his request for a Crown Land lease requires an urgent government response if his $310,000 investment is to work. Glen Rolle, chief executive of Bouggie Birds, told Tribune Business: “We have all of the financing in pla
Economy re-opening boost for 150 workers
A Bahamian businessman yesterday hailed the government’s move to re-open certain industries as “wonderful news” that will enable him to put 150 staff back to work. Robert Myers told Tribune Business that the decision to treat landscaping and associa
GB Chamber chief: Re-open support firms for 'essentials'
Grand Bahama’s Chamber of Commerce president has urged the government to allow “support” businesses for “essential services” to re-open during the COVID-19 lockdown to reduce imports. Gregory Laroda told Tribune Business that “there are some concern
Gas station hours cut forces lay-offs
Some Bahamian gas stations have been forced to temporarily lay-off workers due to their opening hours being slashed to just 1pm amid the COVID-19 lockdown. Ethan Moss, managing director of JMEL Enterprises, which operates six Rubis gas stations thro
It's a fight for survival in a world which may never be the same again
The great global lockdown has meant that a large percentage of the planet’s population has seen its way of living changing radically compared with what it was a mere hundred days ago. Many of us now spend the greatest part of our time confined at hom
Treat our fisheries as 'essential', govt told
Fisheries should be treated as an “essential service” that is open during the COVID-19 lockdown, industry players are arguing, with conch and fish catches restricted to local consumption only.Paul Mailis, director of the National Fisheries Associatio
Bank chief loses 'fit and proper' battles
A Bahamian bank’s chairman has failed to overturn the Central Bank’s demand that he sell his majority ownership because he is “not a fit and proper person” to be in charge. Carlos Molina told Tribune Business his battle with the regulator had result
Govt ‘taking from Peter to pay Paul’
The government is performing a high-wire juggling act with its finances by “robbing Peter to pay Paul” to meet critical liabilities as they become due, the deputy prime minister revealed yesterday.
Tourism has 'no choice' to devise virus safeguards
Bahamian tourism is going to “have to live with” COVID-19 and devise measures to reassure both visitors and industry employees that the sector is safe, a Cabinet minister warned yesterday. Dionisio D’Aguilar, minister of tourism and aviation, told T
S&P: Bahamas to shrink by 16%
Standard & Poor’s (S&P) last night forecast that the Bahamian economy will shrink by an “unprecedented” 16 percent in 2020 as it further downgraded this nation’s sovereign creditworthiness.
Price regulator in egg shortage fear
The Price Control Commission’s (PCC) chairman yesterday said he had urged the Government to cut the duty rate on eggs by two-thirds as he warned consumers to brace for shortages within a week. Danny Sumner told Tribune Business : “Items that are pri
BPL finances ‘more perilous every day’
Bahamas Power & Light (BPL) has been unable to exploit the all-time low in global oil prices, a Cabinet minister revealed yesterday, adding: “Its finances get more and more perilous every day.”
Hotel Union clarification
Darrin Woods, the Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) president, yesterday clarified that the “advance” financing the assistance being provided to its 5,500 members next week is NOT a loan which they or the union have to repay.H
Virus 'hampers' oil explorer fund listing
A Bahamas-based oil explorer says the London listing - and trading - of shares in an investment fund it promoted to local investors has “been significantly hampered and thus delayed” by COVID-19.Bahamas Petroleum Company (BPC), which has already dela
