PM: 'No timetable' for phased re-open
The prime minister yesterday declined to give timelines for re-opening the Bahamian economy as he unveiled a six-phase strategy for achieving this objective. Dr Hubert Minnis, in unveiling the staged approach recommended by the National COVID-19 co-
Heart doctor heads to Privy Council on RoyalFidelity claim
A top Bahamian heart doctor has been given conditional leave to appeal to the Privy Council in his dispute with a local merchant bank over a margin loan. The Court of Appeal granted Dr Conville Brown permission to take his case to the highest court
Pandemic drives growing estate planning interest
The COVID-19 pandemic has sparked increased interest in estate planning among Bahamians, a long-serving trust professional says. Dianne Bingham, Leno Trust’s managing director, said she is receiving a record number of inquiries from persons “wanting
Contractors 'disappointed' not on recovery committee
The Bahamian Contractors Association (BCA) yesterday said it was “disappointed” that itself and the construction industry are not represented on the Prime Minister’s Economic Recovery Committee. Michael Pratt, the BCA’s president, told Tribune Busin
NIB: 20k jobless claims processed
The National Insurance Board (NIB) has paid out $16m in benefits, and processed more than 20,000 unemployment benefit claims, during the first month of the COVID-19 lockdown.Brensil Rolle, minister of the public service and national insurance, told t
Scotiabank reiterates warning on fraudsters
Scotiabank (Bahamas) yesterday repeated warnings that fraudsters are trying to deceive customer into parting with their private financial information. The bank again said it had received reports of customers receiving phone calls and text messages c
Govt in $455k packing house upgrade project
The government will spend $455,000 to renovate Family Island packing houses in an initiative set to start on May 1, a Cabinet minister said yesterday. Michael Pintard, minister for agriculture and marine resources, told the House of Assembly: “The l
Cruise port eyes $150m bond despite shutdown
Nassau cruise port’s developer is aiming to raise up to $150m in bond financing next month to kick-start construction work amid the industry’s global shutdown. Mehmet Kutman, chairman of Global Ports Holding, confirmed to analysts in a recent confer
Bahamians raiding pensions for funds
An investment banker has cautioned Bahamians against using pension monies and retirement savings as emergency funding to ride out the COVID-19 pandemic.
Freeport ‘the only fiscal and economic saviour’
A prominent Freeport attorney is today urging the government to “save” the city and itself by allocating $70m from any post-COVID-19 stimulus spending to Grand Bahama International Airport’s rebuild.
Galleria’s boss told: ‘hand over royalties’
Galleria Cinemas' principal has been ordered to pay "all outstanding royalty fees" over a failed restaurant venture that a Supreme Court judge branded "an abject failure" and "a bust".
Cruise line eyes June 10 for Bahamas sail restart
Bahamas Paradise Cruise Line has confirmed that sailings to this nation will resume on June 13 for its Grand Celebration vessel, and on July 10 with the Grand Classica . “We appreciate the support of our valued guests, partners, regulatory agencies,
A market first - "We'll pay you to take oil off our hands"
Many of us watched in disbelieve last Monday night as the May future contract of crude oil was, for the first time in history, negotiated at a negative price. Traders offered to pay any buyers $40 per barrel, provided they accepted delivery at the en
LETTER: 'Get ball rolling' over GB airport post-virus
Dear Editor, Before the coronavirus pandemic we had a two-year window for construction and completion of the four major projects in Grand Bahama that would have given us jobs, jobs and jobs, and the revival and establishment of a dynamic economy. S
Recovery co-chair calls for 'integrated economy'
A co-chair for the government-appointed Economic Recovery Committee yesterday said The Bahamas “must build an integrated economy that is self-sustaining” post-COVID-19.Kenwood Kerr, Providence Advisors’ chief executive, told Tribune Business that he
