Bimini targeting July 4 re-opening boost
Bimini businesses are hoping the re-opening of the island’s major resort in time for “one of the three busiest weekends of the year” will provide a post-lockdown boost. Neal Watson, owner of Neal Watson’s Bimini Scuba Centre, told Tribune Business of
‘Don’t panic’ on $2bn COVID loan deferrals
A Bahamian banker yesterday warned against premature panic after it emerged that borrowers sought repayment waivers for almost $2bn worth of loans at the COVID-19 lockdown's peak.
Freeport’s ‘open arms’ for Andros trade investor
A prominent QC yesterday said Freeport “would welcome with open arms” the billionaire philanthropist whose proposed North Andros free-trade zone was rejected by the Prime Minister at the weekend.
BPL pledges ‘price stability’ with new hedging strategy
Bahamas Power & Light’s (BPL) chairman last night said it has taken “the first step” to providing long-suffering consumers with “price stability and certainty” after the Government approved its fuel hedging strategy.
Central Bank reassures on $2bn reserves
The Bahamas’ key foreign currency reserves were maintained at around $2bn through the peak of the COVID-19 lockdown amid predictions yesterday that they will remain “more than adequate” to sustain the US dollar peg. The Central Bank, unveiling its m
$6m investor injection 'biggest in over a year'
A Bahamian investment bank yesterday revealed that investors injected “the biggest monthly sum that we’ve seen for over a year” into its mutual funds immediately upon the easing of COVID-19 restrictions. Michael Anderson, RoyalFidelity Merchant Bank
Andros remains the final frontier
Andros, vast and barely touched by modern society, remains one of the least densely populated areas in the Caribbean and the last true frontier of The Bahamas. It is the ultimate blank slate for nature enthusiasts and those looking to truly get off-t
Aliv and Digicel make it easier to send top-ups to Haiti
Aliv has teamed with Digicel, the pan-Caribbean communications provider, to enable Haitians resident in The Bahamas to send mobile top-ups and plans to relatives and friends. The Bahamian mobile provider said customers will now be able to send Digic
Six flights for LPIA on first reopen day
The Bahamas’ major airport is set to receive six inbound international flights from key US tourism source markets on the first day that the country’s borders reopen.The Nassau Airport Development Company (NAD), Lynden Pindling International Airport’s
Tour operator hits out at COVID capacity inequity
A Bahamian tour operator yesterday complained that a double standard is being imposed through the stipulation that buses and vehicles can only operate at 50 percent capacity.Marvin Gibson, general manager of Marvelous Tours, told Tribune Business thi
Resorts back narrowed COVID-19 test window
Bahamian resorts yesterday backed the Government’s decision to narrow the COVID-19 testing window for tourists from ten to seven days prior to travelling even though the move has caused some market confusion.Matthew Brear, Cape Santa Maria’s general
Training Agency gains 55% job placement rate
The National Training Agency (NTA) boasts a 55 percent job placement rate, a Cabinet minister has revealed, with nearly 6,000 Bahamians trained over the past year.Dion Foulkes, Minister of Labour, told the Senate: “The NTA continues to effectively ca
Moody’s warn COVID impact will remain beyond 2024
Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.
VAT's 'blood from stone' for commercial landlords
A Bahamian realtor says the VAT Department sought to get “blood from a stone” by rejecting pleas from commercial property landlords to switch to cash-based filings/payments at COVD-19’s peak. David Morley, Morley Real Estate’s president, told Tribun
Lucayan on high alert for 'unrest'
The Grand Lucayan will today be placed on high alert due to expected industrial unrest over the termination of 170-plus staff, with its chairman pledging: “I’m going to nip this in the bud.” Michael Scott QC told Tribune Business he will respond wit
