Laying out the roadmap for economic resilience
The Bahamas highlighted its response to the COVID-19 crisis with a budget styled as Resilient Bahamas: A plan for restoration. Its three stated aims are to protect the well-being, and engender confidence, of citizens and residents; maintain economic
Sandyport resort confirms opening
Sandyport Beach Resort has confirmed its post-COVID-19 re-opening after its ‘Clean and Pristine’ plan was certified by the Ministry of Health. Cheralda Arnett, its assistant general manager, said: “We put a lot of thought into our safety measures fo
BREAA: Illegal foreign broker fight top priority
The Bahamas Real Estate Association’s (BRWA) newly-elected president has pledged to make the fight against illegal sales by foreign brokers her top priority.Christine Wallace-Whitfield, the first woman to serve a record fourth term as BREA president,
Bahamian attorney is STEP's world-leader
A Bahamian attorney has won the Society of Trust Estate Practitioners (STEP) Excellence Award after achieving a world-leading score in its exam.Nateisha Bain, a real estate attorney with Lennox Paton, obtained 2019’s highest score across in passing t
Bahamians are urged to 'acquire taste' for apps
Bahamians were yesterday urged to “acquire a taste for app development” and go beyond simple flyer promotions on Facebook or What’s App.Sherwin Johnson, president of Evo Bahamas, developer of the Bahamas Nightlife app, told Tribune Business: “App dev
Fusion Superplex: 'We'll be back despite north of $6m loss'
The Fusion Superplex yesterday revealed it has “lost north of $6m” in revenues due to its COVID-19 enforced closure, but pledged: “We’ll definitely be back.” Carlos Foulkes, the cinema and entertainment complex’s chief executive, told Tribune Busine
Banker: Put homes above life's luxuries
Bahamians must stop prioritising luxury goods, a top banker urged yesterday, with home ownership set to take a “tremendous blow” in the next year due to COVID-19. Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told a webinar organised
Realtor 'bombed' by buyer interest surge
A prominent Bahamian realtor yesterday said he is “getting bombed” by a surge in buyer interest and visits that has taken him by surprise since the borders opened.Peter Dupuch, founder and president of ERA Dupuch Real Estate, told Tribune Business th
Dorian forces insurer into first-ever reserve release
A Bahamian insurer yesterday revealed it made the first-ever “catastrophe reserves” release in its 25-year history due to Hurricane Dorian’s $200m-plus claims.Timothy Ingraham, Summit Insurance’s president, told Tribune Business that the property and
Bahamas needs tax structure to match tourism
The Bahamas needs a tax structure that will attract the equivalent of 7m tourists to its financial services industry, a local banker argued yesterday. Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told a webinar organised by the Chart
'Abandoning the National Plan will be our undoing'
The government was yesterday urged to “dust off” the National Development Plan (NDP) instead of relying solely on the Economic Recovery Committee (ERC) for post-COVID-19 salvation. Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, said:
Laying out the road map for economic resilience
The newspaper headlines reporting on a presentation given by the deputy prime minister (DPM) were very similar. One read: Government wants Economic Recovery Committee to assist in finding solutions to supplement economic growth , while the other simp
'New boater obstacle' in Customs check-out
New Customs “check-out” processes have created “another obstacle to encourage boaters not to visit”, the Association of Bahamas Marinas (ABM) chief blasted yesterday. Peter Maury told Tribune Business he had already received complaints from visiting
Treasurer blasts govt on financial resource failure
The Public Treasury’s top official blasted the government for failing to provide sufficient resources to improve financial management and cash flow. Eugenia Cartwright, the treasurer, in a memorandum that was revealed with yesterday’s publication of
Insurers warned: Do not keep 'eggs in one basket'
A top insurer says Bahamian underwriters will find it increasingly difficult to survive “long-term” unless they diversify into other territories.Patrick Ward, Bahamas First’s president and chief executive, told Tribune Business in a recent interview
