$200m in deals ‘slide’ on COVID-19 impact
Deals worth a collective $200m are likely to “slide back” into 2021 due to the fall-out from the COVID-19 pandemic, a prominent Bahamas-based investment banker conceded yesterday.
BPL’s revenue in 32.5% March fall
Bahamas Power & Light’s (BPL) March revenues have slumped by almost one-third year-over-year, a Cabinet minister revealed yesterday, as it halted disconnections for the lockdown’s duration.
Doctors chief hails 'wide decision' on non-urgent care
The Medical Association of The Bahamas (MAB) president yesterday hailed the government’s “wise decision” to prevent doctors seeing patients face-to-face for non-emergency care.Dr Marcus Cooper, responding to the government’s latest Emergency Powers O
AG: 'We were protecting vulnerable from calamity'
The attorney general yesterday pledged to “clarify” a life and health insurance order that was designed to prevent poor and elderly policyholders suffering a “catastrophe” amid the COVID-19 crisis. Carl Bethel QC told Tribune Business that the gover
'Frustration' over govt's silence on e-commerce plan
A major Bahamian hardware retailer yesterday voiced “frustration” that it has not been permitted to serve clients via an e-commerce platform it invested “tens of thousands of dollars” in developing. Brent Burrows, CBS Bahamas (Commonwealth Building
Firms urged: Remember data security while remote
An information security manager yesterday urged Bahamian businesses not to forget the importance of data and information protection while working remotely during the COVID-19 lockdown. Demarius Cash, Seagrape Inc’s chief executive, told Tribune Busi
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.
