BPL cash crisis as payments collapse
Bahamas Power & Light (BPL) has suffered a "frightening" multi-million dollar March revenue drop that threatens the energy provider's very existence if it continues, a Cabinet minister has revealed.
Atlantis’ plan to pay axed workers
Atlantis workers have hailed the mega resort's plans to pay staff up to 50 percent of their base salaries for the next 60 days as a "wonderful thing" to mitigate COVID-19's financial fall-out.
Harbour Island 'like movie set that's gone dark'
A Harbour Island property manager has described the tourism hot-spot as akin “a movie set gone dark” amid the COVID-19 lockdown, adding: “We’ve not seen this in almost 70 years.”James Malcolm, a former Ministry of Tourism executive who now runs a vac
VAT, business licence filings back to April 15
The government has pushed back the deadlines for March’s VAT filings and business licence fee payments until April 15, a senior official confirmed yesterday. Marlon Johnson, the Ministry of Finance’s acting financial secretary, told Tribune Business
We've never seen numbers like this - how will it play out in the end?
The coronavirus pandemic is taking the planet by storm, despite emerging less than four months ago it has taken over headlines, infecting hundreds of thousands including prominent leaders such as the British Prime Minister Boris Johnson and causing u
Ocean Club to stay open
The Paradise Island-based Ocean Club says it plans to remain open with “limited services” and has no intention of laying-off staff amid the COVID-19 pandemic.John Conway, general manager of the Ocean Club, a Four Seasons resort, told Tribune Business
Taxi drivers face benefits struggle as self-employed
Taxi drivers would not be struggling to obtain the new self-employed jobless benefit if the government had moved faster on granting new plate leases and franchises, a union president is arguing. Wesley Ferguson, president of the Bahamas Taxi Cab Uni
Virus 'spikes' demand for payment provider's app
A Bahamian payments solutions provider says it has seen “a spike” in persons downloading its app to conduct financial transactions with more than 60 local businesses.MobileAssist, a financial technology (FinTech) provider, says it has given companies
'Screwed' if we don't use covid-19 to truly reform
The Bahamas will be “screwed” if it does not use the “unique opportunity” provided by the COVID-19 pandemic to restructure itself for a sustainable 21st century future, it was argued yesterday.Roderick Simms, a former Chamber of Commerce director who
Liquor distributor denies law breach
A Bahamian liquor distributor has refuted assertions by the Police Commissioner that its now-prohibited home delivery service breached the law.
Bahamas left facing 'God awful situation'
A prominent Bahamian businessman yesterday urged the government not to implement an overly-huge economic stimulus package or open the economy too soon in the battle against COVID-19. Sir Franklyn Wilson told Tribune Business that The Bahamas simply
LYFORD CAY CLUB SHUTS: 150 JOBLESS
The Lyford Cay Club yesterday confirmed it will close at month's end, and terminate around 150-160 staff, as it "moved up" a $40m renovation amid the COVID-19 pandemic.
Liquor store blames rivals over govt's 24-hour u-turn
A Bahamian liquor distributor yesterday accused its rivals of “pressuring” the government to perform a u-turn on its free home delivery service in less than 24 hours. Gary Sands, Jimmy’s Wines and Spirits general manager, told Tribune Business it wa
Harbour Island's top employer in 'heart-break blow'
Harbour Island’s “largest employer” yesterday said COVID-19 had dealt it a “heart-breaking blow” following a “stunning” January where room revenue was up 52 percent year-over-year.Dean Spychalla, general director for Valentine’s Resort and Marina, to
$1.2m debtors hit Superplex payroll
The Fusion Superplex was unable to meet the last staff payroll before the COVID-19 lockdown because debtors failed to pay the collective $1.2m they owe, its top executive revealed yesterday. Carlos Foulkes, its chief executive, told Tribune Business
