Retailers in mixed Christmas verdicts
Bahamian retailers yesterday revealed a mixed Christmas performance, with some reporting up to 20 percent year-over-year sales increases but others bemoaning declines. Brent Burrows, general manager of CBS Bahamas (Commonwealth Building Supplies), t
Financial services faces 'more of same' in 2020
The Bahamian financial services industry can “expect more of the same” from global regulatory initiatives in 2020, a senior executive said yesterday, with financial technology (Fintech) driving its evolution. Tanya McCartney, the Bahamas Financial S
$40m repair bill for broken down roads
The government must invest $40m in roadworks throughout The Bahamas “just to get through this year”, a Cabinet minister has revealed, as it aims to plug “a huge hole” in deteriorating infrastructure.
DPM: Deals 'took advantage of the Bahamian people'
The deputy prime minister has blasted previous administrations for “taking advantage of the Bahamian people” by entering into contracts “nobody in a commercial sense” would agree to. K Peter Turnquest, pictured , told Tribune Business that “there’s
'Find fortitude' to shut Bahamasair
A member of the government’s Air Transport Advisory Board says “somebody need to finds the fortitude to shut down” Bahamasair after three of its jets were blocked from flying to the US. Carey Leonard told Tribune Business that the failure to install
Bahamasair probe: 'chips to fall where they may' over jets
Bahamasair’s chairman last night said he was investigating the airline’s failure to equip three of its jets in time to continue flying to the US, and said: “The chips will fall where they may.”Tommy Turnquest, pictured, the former Cabinet minister an
Abaco poultry supplier in 30% May production goal
An Abaco-based poultry supplier believes it can hit 30 percent of pre-Dorian production levels by this May with plans to exclusively target its most lucrative market. Lance Pinder, operations manager at Abaco Big Bird Poultry Farm, told Tribune Busi
Bahamas 'can't stick head in sand' on artificial intelligence
The Bahamas has been urged to “get on that crest” of adopting artificial intelligence (AI) for use in business and education, amid warnings that it cannot “stick its head in the sand”.The upcoming Bahamas Business Outlook 2020 conference, scheduled f
Abaco 'not even close' to Dorian rebuild workforce
Abaco is “not even close” to the manpower levels required for post-Dorian reconstruction, the island’s Chamber of Commerce has confirmed, while asserting that all workers must be here “legally”. Ken Hutton, responding to assertions by former finance
Bahamas' location can mitigate US-Iran fall-out
The Bahamas’ proximity to the US and safe reputation may mitigate any tourism fall-out as a result of heightened Middle East tensions, a Cabinet minister said yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business that
Sir Franklyn: PM has 'no difference-making ideas'
The prime minister has “no viable ideas” for improving the lives of ordinary Bahamians, a prominent businessman has blasted, arguing that the Over-the-Hill revival has made little impact to-date. Sir Franklyn Wilson, the Arawak Homes and Sunshine Ho
Auto dealers target 15-20% sales surge
Bahamian auto dealers yesterday said they are targeting a 15-20 percent sales increase for 2020 amid expectations that the sector could enjoy its best year in more than a decade. Ben Albury, Bahamas Bus and Truck’s general manager, told Tribune Busi
Haitian deportations 'hit Dorian rebuilding'
A former finance minister yesterday warned that the speed of Abaco’s post-Dorian reconstruction could be undermined by the government deporting much of the necessary workforce back to Haiti.James Smith, also an ex-Central Bank governor, told Tribune
Fishermen hail 45% increase in crawfish prices
Bahamian fishermen yesterday hailed this season’s 45 percent increase in crawfish prices to $16 per pound as “the best we have ever had” since they started in the industry. Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-chairman
Real estate sales 'pulled down' 10% by offline Abaco
A prominent Bahamian realtor yesterday predicted that total real estate market sales volumes will be “pulled down” by ten percent in 2020 due to Abaco being taken offline by Hurricane Dorian.John Christie, HG Christie’s president and managing broker,
