'Between rock and hard place' over 16% slump
A Bahamian insurer yesterday warned that many motorists may be driving with no coverage after suffering a 16 percent slump in auto premium income for the 2020 first half. Tom Duff, Insurance Company of The Bahamas’ (ICB) general manager, told Tribun
Thousands ignoring BPL disconnection warning
Less than 1 percent of the 16,000 Bahamas Power & Light (BPL) customers threatened with disconnection have yet to pay-off their arrears or agree a payment plan, it was revealed yesterday.
Cruise port stands firm over forecast despite new delay
Nassau Cruise Port’s top executive says there “is no reason” to alter its forecasts despite the latest delay to the cruise industry’s return leaving no margin for error. Michael Maura, pictured , the cruise port operator/developer’s top executive, t
Briland optimistic tourism will hold
Harbour Island was yesterday remaining optimistic it can retain tourist business that was running at up to 70 percent of pre-COVID levels despite having to counter damage created by international media. Joseph Dargavage, pictured, managing partner a
GB lockdown's exempt listing missed out hotels
The Freeport hotel where the government’s COVID-19 health team are staying was yesterday forced to seek urgent clarification it can remain open after not being included among “essential” businesses. Magnus Alnebeck, the Pelican Bay resort’s general
BAIC tackles issues with industrial park
Bahamas Agricultural and Industrial Corporation (BAIC) officials have met with their Gladstone Road Industrial Park tenants to address both parties’ concerns. The meeting, held at BAIC Headquarters on Monday, saw the corporation raise rental arrears
Customs demolition starts $268m cruise port project
Demolition of the former Bahamas Customs Warehouse on Prince George Wharf will kickstart the area’s $268m transformation into the Nassau Cruise Port. The project, for which a Heads of Agreement was signed between the Government and Global Ports Hold
NIB launches portal for jobless benefit extension
The National Insurance Board (NIB) on Monday launched an online portal where eligible persons can register for the government-funded Unemployment Benefit Extension Programme (GovUEBex). Persons temporarily laid-off due to the COVID-19 shutdown betwe
Briland developer 'side steps' approval terms
A Harbour Island marina project has been accused of "side stepping" conditions imposed on its activities by submitting two different sets of plans to the central and local government authorities.
Hotelier calls for 'calibrated' action on COVID surge
A Harbour Island hotelier yesterday urged the government to adopt “a more calibrated approach” to the surge in COVID-19 infections rather than cut off all commercial transport links to the US.Benjamin Simmons, proprietor of The Other Side and Ocean V
Offshore banks: 65% report no COVID impact
Some 65 percent of Bahamas-based international banks have suffered “little or no financial impact” from COVID-19, the Central Bank revealed yesterday, marking the sector as one of the few to emerge relatively unscathed to-date.
'Increase subsidy or Bahamasair closes'
Bahamasair’s chairman yesterday warned the airline will “close down” without an increase in taxpayer subsidies after its top-line was cut by $22m due to Hurricane Dorian and COVID-19.Tommy Turnquest, pictured, speaking after the national flag carrier
'Many casualties' feared if GB put into lockdown
The government was yesterday warned that Grand Bahama’s private sector will suffer “a lot of casualties” if it implements an island-wide COVID-19 lockdown lasting “beyond a week or two”.Greg Laroda, the Grand Bahama Chamber of Commerce president, tol
Development Bank shows relaunch logo
Bahamas Development Bank (BDB) staff have celebrated the relaunch of the 42-year-old institution with a new logo. This features a multi-coloured hummingbird combining flashes of red, blue, green, yellow and pink. The new brand for the Bank was devel
Chamber talks trade with Cuban diplomat
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) has met the new Cuban ambassador to discuss potential business and trade opportunities. Jeffrey N Beckles, the Chamber’s chief executive, and Charo Morley, its trade services manag
