Tourist arrivals driven by 78% cruise isle rise
A 78 percent increase in arrivals to the cruise lines’ private Bahamian islands was the sole factor driving increased visitor numbers during January 2020, it was revealed yesterday. K Peter Turnquest, unveiling the government’s fiscal and economic p
Bahamasair in schedule slash to contain losses
A Cabinet minister yesterday said Bahamasair is examining how to combine flights and slash schedules to contain losses that will inevitably “go up” amid the coronavirus pandemic. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Bus
Restaurants suffer 40% sales drop-off
Well-known restaurants yesterday reported a 40 percent sales decline due to the economic shutdown created by the coronavirus pandemic. Philip Smith, the Compass Point Resort and Restaurant’s property manager, told Tribune Business : “We have seen a
Commission chief gains regional supervisory post
The Securities Commission yesterday announced its top executive has been elected as vice-chair for a global supervisory organisation’s regional body. Christina Rolle, the Bahamian regulator’s executive director, was named vice-chair for the Inter-Am
ART OF GRAPHIX: How to erase with precision
The “background eraser tools” in Photoshop are extremely useful. If you have not used this yet you may think they are tools for, well, erasing things. You have probably seen the little eraser in your toolbar and wondered what they were for. Photoshop
RBC unveils three-month 'good client' loan deferral
Royal Bank of Canada (RBC) yesterday unveiled a three-month deferral of loan repayments for clients in The Bahamas and wider Caribbean who were in good standing as at March 2, 2020. The Canadian banking giant, detailing its response to the coronavir
Wake up! 'There will be no tourists'
A Cabinet minister yesterday urged Bahamians to “grasp the simple yet inconceivable reality that there will be no tourists” visiting this nation for at least two to three months.Dionisio D’Aguilar, pictured, minister of tourism and aviation, sought i
IDB warns ‘worst case’ impact could be $3bn
The Bahamas could suffer a catastrophic 26 percent gross domestic product (GDP) cut if the worst-case coronavirus scenario comes true, an Inter-American Development Bank report revealed yesterday.
Union leader: 'All hands on deck' for virus
A trade union leader yesterday called for an “all hands on deck” approach to minimise the threat that the coronavirus crisis poses to the livelihoods of thousands of Bahamian workers. Bernard Evans, the National Congress of Trade Unions of The Baham
Wholesalers: Panic buying 'through roof'
Wholesalers yesterday urged Bahamians to get a grip on coronavirus-related panic buying that has gone “through the roof” and increased demand by up to 25 percent. Philip G Smith, the d’Albenas Agency’s sales and marketing manager, told Tribune Busin
'Pandemonium' doubles water producer's sales
A Bahamian bottled water supplier yesterday said the coronavirus pandemic has sparked “pandemonium” among consumers with online delivery orders soaring four times’ higher than normal levels. Christian Knowles, Aquapure’s senior manager, told Tribune
Public transport demand off 40%
The number of passengers using public transportation was yesterday said to have decreased by 40 percent due to the coronavirus-imposed 30-day cruise industry shutdown and school closures. Harrison Moxey, the United Public Transportation Company’s (U
'No headroom' over COVID-19 fiscal stimulus
The government “doesn’t have the headroom” to rescue the Bahamian economy from the coronavirus crisis through a package of tax cuts and waivers, a governance reformer argued yesterday. Robert Myers, pictured , the Organisation for Responsible Govern
Potter's Cay suffers mixed virus impact
Potter’s Cay vendors yesterday disclosed that the coronavirus has had a mixed impact on business to-date, with some saying it was “down bad” and others seeing minimal effects. Sandra Ferguson, the Midnight Spot’s general manager, told Tribune Busine
Banks: 'Too early' to predict COVID-19 hit for bad loans
The Clearing Banks Association’s (CBA) chairman yesterday said it was “too early” to predict how the economic fall-out associated with the coronavirus will impact the sector’s non-performing loans. Lasonya Missick, in an e-mailed response to Tribune
