Bahamians warned: 'No-no' to let others use your account
Bahamians were yesterday warned they could “land in jail” for money laundering and/or fraud if they let others use their bank accounts for illicit transactions.Superintendent Matthew Edgecombe, head of the Royal Bahamas Police Force’s anti-corruption
‘Unreliable’ BPL hits productivity in financial services
Financial services providers have complained that Bahamas Power & Light’s (BPL) unreliability impacted staff productivity during the COVID-19 crisis.
Biodiesel firm is 'coiled spring ready to explode'
A Bahamian biofuel producer yesterday described itself as “a coiled spring ready to explode” with ramped-up sales after four painstaking years of perfecting its product. Scott Metcalf, Bahamas Sustainable Fuels’ general manager, told Tribune Busines
Gyms, fitness centres hail 'smooth' reopening
Gyms and fitness centres yesterday hailed a “smooth” reopening after being closed for more than three months as a result of the COVID-19 emergency measures. Sofia Whitehead, owner of Club One Fitness, told Tribune Business: “We had a really great mo
NIB wage ceiling rise takes effect
The National Insurance Board (NIB) yesterday said only higher-paid workers will be impacted by the latest wage ceiling increase.The social security system, in a statement issued, said only workers earning more than $670 per week or $2,903 per month w
Tourism industry off to a slow reopening
The Bahamian tourism industry’s post-COVID re-opening made a slow start yesterday with New Providence hotels reporting minimal guest arrivals.Muna Issa, Breezes Bahamas managing director, told Tribune Business via e-mail: “We are open and ready for b
Return road 'pretty slow' for bus drivers
Jitney drivers yesterday said their return to the road was “pretty slow” as they await the government’s decision on whether to approve a proposed fare increase.Rudolph Taylor, the Bahamas Unified Bus Drivers Union’s (BUDU) president, told Tribune Bus
Govt allocates $48m to COVID jobless benefits
A Ministry of Finance official yesterday confirmed the government has allocated $48m towards various COVID-19 jobless benefit initiatives in the 2020-2021 budget. Marlon Johnson, acting financial secretary, said a portion of this sum will finance a
Govt pins hopes on recovery committee
The government is pinning its hopes on the Economic Recovery Committee’s (ERC) work to beat Moody’s projection that GDP will return to pre-COVID levels only after 2024. K Peter Turnquest, deputy prime minister, said: “Last week, we acknowledged the
CASUALTIES OF COVID CRISIS: Baha Mar begins mass layoffs just as flights resume
Bahamians were yesterday warned to brace for "more significant casualties" in the tourism industry as Baha Mar started terminating hundreds of workers.
Atlantis plays safe and delays opening
Atlantis has pushed its reopening back a further three weeks to July 30 to allow "a bit more calm to come into a unsettled market", a Cabinet minister said yesterday.
Developer defeats judgment attempt
An ex-convict’s bid to obtain summary judgment against a Harbour Island developer was this week rejected by a California judge. Judge Gary Klausner threw out the bid by Bernard Ross, who has a history of convictions and run-ins with law enforcement,
Super Value chief urges clarity over plastic bag ban
Super Value’s president is urging the government to clarify how it will tackle leftover single-use plastic products as the full ban on their use takes effect today. Rupert Roberts told Tribune Business he was unsure whether the Department of Environ
GB chamber chief opposes trade zone going to Freeport
Grand Bahama’s Chamber of Commerce president yesterday said he does not support the proposed North Andros Free Trade Zone coming to Freeport. Gregory Laroda told Tribune Business that the project, conceived by Los Angeles billionaire philanthropist,
Andros businessman not against free trade concept
A North Andros businessman says he is not necessarily opposed to a free trade zone on the island although the present proposal is seeking too much land.William Pratt, part-owner of North Andros Automotive Parts Store, said the concept of creating a f
