Extended store hours to ease 'crazy volume'
An auto parts supplier yesterday said “the crazy volume” of customers that initially lined up outside his store should be reduced now it can re-open for a full five days per week. Dwayne Higgs, WHIM Automotive’s general manager, told Tribune Busines
Real estate firm back in the office
A prominent Bahamian real estate firm yesterday confirmed it has resumed office operations for the first time in nine weeks after COVID-19 lockdown restrictions were eased. Damianos Sotheby’s International Realty said its offices across The Bahamas
Bahamas lost 60,000 livestock to Dorian
The Bahamas lost 60,000 livestock as part of the $80m in damages inflicted upon the agricultural sector by Hurricane Dorian, a regional agricultural body has revealed. The Caribbean Agricultural and Research Development Institute (CARDI), in a state
Govt seeking debt payment delay - and $250m IMF loan
The Government is seeking "breathing room" by deferring debt repayments coming due, it can be revealed, as it last night confirmed it has applied for a $252m "emergency" International Monetary Fund (IMF) loan.
Ex-minister fears 100% debt/GDP
A former finance minister fears The Bahamas could be “in really dangerous territory” by June 2021 with a national debt that is equal to the size of its economy. James Smith, pictured , who held the post under the first Christie administration, told
Aliv's 'triple whammy' puts revenue off 15%
Aliv’s revenues are recovering from a “15 percent-plus” fall-off in April sparked by a “triple whammy” from the COVID-19 pandemic, the mobile operator’s top executive has revealed. Damian Blackburn told Tribune Business that besides coping with a 30
'Park our pride and grow GDP'
The government is being urged to eliminate the backlog of permanent residency applications within 30 days as a means to secure “easy money” for the Public Treasury and a multi-million dollar foreign exchange boost. Jason Kinsale, the Bahamian develo
Could this be the end of globalisation?
The coronavirus has created much disruption, unbalancing the pillars that sustain our way of living. This is particularly noticeable in the effect the virus-containment measures are having on globalisation. As the disease progressed from east to west
GB businesses helped to RISE via $725k grant
A joint initiative to provide grant funding to Grand Bahama-based businesses struggling to rebuild from Hurricane Dorian plans to disburse a further $725,000 among 76 selected companies.The Restoring Industry, Sustaining Employment (RISE) grant progr
Govt warns GB vendors on direct deposit switch
Grand Bahama businesses and individuals who provide goods and services to the government must undergo a “verification exercise” ahead of the introduction of electronic vendor payments. The Public Treasury, in a statement, said the switch to payment
Countering the corruption risk caused by COVID-19
Corruption and bribery risks, by all indications, increase during a crisis. Over the past decade, a sustained number of corruption and bribery cases have occurred because of entities not fully appreciating the risk attached to their vendors or weak i
COVID-19 points way to decentralised economy
This pandemic has many lessons, but an important one not to miss is that the centralised business approach is flawed. Developing economies should continue to adopt the concept of decentralisation for local industries and markets. Decentralisation is
Minister: Investors must get 40% of food locally
The government has decided to mandate that all investors be required to source 40 percent of their food needs locally from farmers, fishermen and other suppliers.Michael Pintard, minister of agriculture and marine resources, said all Heads of Agreeme
Dry cleaner: COVID-19 costs will be 'struggle'
A Bahamian dry cleaning company estimates that COVID-19 health and safety precautions will impose additional monthly operating costs of between $1,000 to $1,500 as it hailed the sector’s re-opening. Lana Lee-Brogdon, New Oriental Cleaners’ chief exe
Major retailer 'close' to returning all staff
A major Bahamian retailer yesterday said it is now “close” to bringing back all 80 staff after the government gave permission for its sector to open up five days per week from 8am to 6pm.Brent Burrows Jr, manager of e-commerce and online shopping wit
