Paying the price in battling COVID-19
My last article analysed COVID-19’s impact, and the need for effective leadership from an economic and health perspective. I now turn to an examination of the relief measures taken to date. As this article was completed, the deputy prime minister ann
FOCOL targets cruise ship bunkering market
FOCOL Holdings was planning to penetrate Grand Bahama’s cruise ship “bunkering” market before the COVID-19 pandemic shutdown that sector and the wider economy.Sir Franklyn Wilson, the BISX-listed fuel supplier’s chairman, had told the company’s share
Online delivery firm in 60% demand rise
A Bahamian online delivery service yesterday said it has seen a 60 percent increase in demand following the COVID-19 country-wide lockdown and closure of many businesses.Jamial Rolle, chief executive of Runnah’s, told Tribune Business: “We have defin
Mortgage Corp unveils 3-month loan deferral
The Bahamas Mortgage Corporation has joined other financial institutions in agreeing to offer a three-month loan payment deferral for borrowers hit by the COVID-19 economic fall-out. The state-owned lender said forbearance will be provided for mortg
ART OF GRAPHIX: Don't blur your design's quality
Photoshop is a great program for just about everything - from touching up photos to designing for your own Internet sensations. However, the extensive tool selections can be daunting for novice users, as there are many buttons with each having its ow
Bahamas faces $2.7bn tourism shutdown loss
The Bahamas stands to lose $2.7bn in tourism revenues if the COVID-19 pandemic shuts down stopover visitors for the rest of 2020, Royal Bank’s (RBC) former top Caribbean economist is warning. Marla Dukharan, analysing the pandemic’s likely impact on
Pandemic to expose NIB delinquents
The COVID-19 pandemic will “expose” Bahamian employers who have failed to pay National Insurance Board (NIB) contributions on behalf of their workers, a Cabinet minister warned yesterday. Brensil Rolle, minister for the public service who has respon
'Delicate tightrope' for commercial landlords
Commercial property landlords are “walking a very delicate tightrope” through offers of 50 percent rental discounts/deferrals to ease the COVID-19 pain, a prominent Bahamian realtor said yesterday.David Morley, Morley Real Estate’s president, told Tr
BPL to resume disconnections
Bahamas Power & Light (BPL) last night confirmed it will resume disconnecting delinquent consumers as of today following a week-long pause amid the COVID-19 pandemic.
Insurers’ anger at premiums ‘holiday’
Bahamian life and health insurers were yesterday said to be "up in arms" after the Government ordered them to continue paying multi-million dollar claims without receiving any income in return.
$300m Baha Mar water park to complete 2021
Baha Mar’s $300m water-based theme park remains in schedule to be completed next year despite the COVID-19 enforced construction suspension, its president revealed yesterday. Graeme Davis, in an e-mailed response to Tribune Business questions, said
Food retailers: 'Difficult' to enforce new protocol
Food retailers yesterday said it was going to be “difficult” to manage and enforce the Government’s latest COVID-19 shopping protocols.Bradley Rolle, general manager of Centreville Food Market, told Tribune Business that asking customers whether they
Out Islands grateful for $1.8m in COVID-19 aid
Family Island administrators yesterday praised the government for allocating $1.8m to their islands in a bid to equip them with the necessary medical resources to combat COVID-19. Desiree Ferguson, Long Island’s administrator, told Tribune Business
Businesses say - we’ll need a lot more
The Government was yesterday urged to "marry health with economics" to maximise the "phenomenal gesture" of its $60m bid to safeguard up to 10,000 jobs through tax credits and deferrals.
Super Value chief eyes overtime ease via new measures
Super Value’s principal yesterday voiced hope that new shopping restrictions will “work better than what’s happening now” and enable him to reverse a 20 percent increase in overtime payroll. Rupert Roberts told Tribune Business that the Prime Minist
