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
DPM: 'Govt running as fast as we can'
The deputy prime minister yesterday said the government was “running as fast as we can” to support Bahamians and the private sector with more than $100m in COVID-19 financial aid.K Peter Turnquest urged the private sector to have patience with the ne
Bahamas must 'keep economic patient alive'
The Fiscal Responsibility Council’s chairman yesterday said the Government needs to “keep the patient alive” and prevent the COVID-19 crisis from collapsing the Bahamian economy. Kevin Burrows told Tribune Business he felt the government has suffici
‘Nygard tried to short-change us’
Peter Nygard's "alarming response" to the crisis engulfing his global fashion empire was to threaten to transfer its assets to a new company just one day after stepping down as its chairman.
COVI-19 gives courier firms business boost
Courier companies say they have enjoyed a business boost due to the emergency lockdown imposed to counter the coronavirus pandemic. Barbara Ferguson, a Just Ship It managing partner, told Tribune Business : “It has increased a little with people try
GB Chamber president backs virus lockdown
The Grand Bahama Chamber of Commerce’s president has backed the government’s COVID-19 lockdown as critical to “prevent a far worse toll and greater hardship”. Greg LaRoda said the “difficult” measures put in place by the government would undoubtedly
Self-employed assistance net expands to cover 7,000
More than 7,000 persons will be covered by the government’s $5.9m expansion of COVID-19 aid to self-employed workers outside the tourism sector, the deputy prime minister said yesterday.K Peter Turnquest told the House of Assembly that the extension
Applicants seek nearly 75% of small firms aid
Almost 75 percent of the government’s $20m small business loan facility has been covered by the nearly-400 applications received to-date, the deputy prime minister revealed yesterday.K Peter Turnquest told the House of Assembly that existing applican
Scotiabank unveils five branch closings
Scotiabank (Bahamas) has confirmed five branches have closed until after Easter as it moves to help the fight against the novel coronavirus’s spread.The Canadian-owned bank, in a note to customers, said four New Providence-based branches as well as i
Opposition calls for $2bn in borrowing
The opposition’s deputy leader yesterday urged the government to borrow up to $2bn to prevent the Bahamian economy’s collapse amid the COVID-19 pandemic. Chester Cooper, pictured , the Progressive Liberal Party’s (PLP) shadow minister for finance, t
