It's time for the people's time
This year I turned 30. A welcome turning point in a person’s life. However, my future and that of my fellow millennials appears to be quite bleak. Imagine coming of age and kickstarting adulthood in the middle of a financial crisis, then having to ac
MOODY’S - WE SEE GROWTH NEXT YEAR
The deputy prime minister yesterday warned "there is no restart button" for fully relaunching a Bahamian economy that Moody's is projecting will grow by 2 percent next year.
Atlantis reopening? I haven’t a clue
Atlantis's top executive has warned thousands of furloughed staff members that COVID-19's uncertainties make it almost impossible "to predict" when the mega resort will re-open.
Super Value chief blasts fake 'mask seize' claim
Super Value’s chief yesterday blasted the “mischief maker” behind an e-mail falsely claiming the government seized $176,000 worth of masks from it, adding: “We need to fight the virus, not each other.”Besides “categorically denying” the assertions in
Foreign reserves not behind curb on fund transfers
The Central Bank’s governor last night denied that money transfer businesses are being restricted from conducting international transactions to help preserve The Bahamas’ foreign currency reserves.John Rolle, in an e-mailed answer to Tribune Business
Financial services faces 'catastrophic' COVID-10 fall-out
A Bahamian financial services executive has warned the COVID-19 pandemic will be “very catastrophic” for the industry, adding: “No sector of our economy will be spared.”Paul Moss, head of Dominion Management Services, warned that the global economic
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
