First $60m tax credit approvals this week
The Ministry of Finance’s top official says the first approvals for companies qualifying for the government’s $60m tax credit/deferral relief initiative should be issued this week.Marlon Johnson, the acting financial secretary, told Tribune Business
Planning to cope with every crisis
Since the start of the COVID-19 pandemic I have had numerous conversations surrounding business continuity plans (BCPs). What became evident were apparent deficiencies surrounding scenarios other than cyber attacks and natural disasters.It is critica
Govt: Moody's decision no surprise given strain of pandemic
The Government today said Moody’s decision to place The Bahamas’ credit rating on downgrade review was “unfortunate but not surprising” given the “strain” imposed by the COVID-19 pandemic.
Hundreds lose jobs as Cable Bahamas and John Bull shut shops
Cable Bahamas yesterday confirmed the temporary lay-off of almost 100 staff as its top executive revealed that major corporate clients are warning "daily" they may stop using its services.
What's the 'game plan' for economic revival?
The government must “come up with a game plan” for bringing The Bahamas out of COVID-19 lockdown and kickstarting economic recovery, a governance reformer urged yesterday.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, to
Commission faces battle over broker's winding-up
A former Bahamian broker/dealer yesterday pledged to fight the Securities Commission’s bid to place it in court-supervised liquidation over concerns it asserts are “completely baseless”. Guy Gentile, principal of Mint Broker International, told Trib
Super Value chief targets six months of food inventory
Super Value’s principal yesterday revealed he is seeking to build six months’ worth of food inventories as he branded the extended shopping hours as a “relief” for both merchants and consumers.Rupert Roberts voiced optimism to Tribune Business that t
Co-ordinate for up to 3,500 COVID-19 masks every week
Seamstresses and tailors yesterday said they can produce between 1,000 and 3,500 COVID-19 face masks per week with better government co-ordination.Phylicia Ellis, a fashion designer and seamstress, told Tribune Business: “I listened to the prime mini
Extended hours provoke mixed food store reaction
Food store operators yesterday had mixed reactions to the government’s decision to extend shopping hours to 10pm ahead of the Easter lockdown in a bid to ease long customer lines. Bradley Rolle, Centreville Food Market’s general manager, told Tribun
Gas retailers struggle amid COVID-19 rush
Bahamian gas station operators yesterday said they were struggling to cope with a COVID-19-inspired demand surge that they compared to pre-hurricane preparations. Vasco Bastian, the Esso station owner at East Street and Soldier Road, told Tribune Bu
Business continuity - from novel idea to vital strategy
Business continuity plans (BCP) seemed a novel idea only months ago for many businesses. Most felt that disaster recovery plans geared towards managing the impacts of hurricanes were sufficient. However, COVID-19 has proven that many business owners
Bahamas 'steepest' faller in 3-week hotels wipe-out
The Bahamas’ suffered “the steepest” COVID-19 tourism decline of all Caribbean nations with its number one industry virtually wiped out in three weeks, new research suggests. Data from STR, formerly known as Smith’s Travel Research and a widely-used
Target '30-40%' of food needs from local farmers
Bahamian farmers would be able to “ramp up” production to supply 30-40 percent of this nation’s food needs within three years if the government provides the necessary funding and support.Caron Shepherd, president of the newly-formed Bahamas Agro Entr
Food supply chain in lockdown 'strain'
A Bahamian bread supplier yesterday revealed that the government’s total weekend lockdown had disrupted production to the extent that fulfilling orders by major retailers was impacted. Kimani Smith, Purity Bakery’s general manager, told Tribune Busine
NIB facing three times' its annual claims volumes
The National Insurance Board (NIB) has just days to process three times’ the number of benefits claims it receives in a typical year due to the COVID-19 crisis, a Cabinet minister said yesterday. Brensil Rolle, minister of the public service and nat
