Protective barriers keep plastics producer busy
A Bahamian manufacturer says it has been kept “pretty busy” by the demand from essential businesses for COVID-19 protective barriers to safeguard cashiers and other staff. Matthew Lawrence, Nassau Plastics’ production manager, told Tribune Business
Poultry producer: Keep egg-laying chicks away
The Bahamas’ largest poultry producer has no interest in the 7,000 layer birds being purchased by the Ministry of Agriculture because they cannot be placed together with meat producing chickens. Lance Pinder, Abaco Big Bird Poultry Farm’s operations
Spending 'explosion' with SOE losses squeeze govt
Mounting losses at troubled state-owned enterprises (SOEs) are squeezing the government amid “exploding” welfare demands, a Cabinet minister adding: “All arrows are pointing the wrong way.” Dionisio D’Aguilar, minister of tourism and aviation, told
Ramp-up COVID-19 testing to stop 'economic damage'
The Bahamas is in danger of “doing considerably more damage to the economy than it needs to” unless COVID-19 testing is massively ramped-up, a well-known businessman warned yesterday.Robert Myers told Tribune Business that the government was locking
Port's confidence boost in COVID-19 'darkest stages'
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said the $250m cruise port developer’s decision to push ahead will provide a major confidence boost in “the darkest stages” of COVID-19.Charles Klonaris told Tribune Business that despite the
PM: 'No timetable' for phased re-open
The prime minister yesterday declined to give timelines for re-opening the Bahamian economy as he unveiled a six-phase strategy for achieving this objective. Dr Hubert Minnis, in unveiling the staged approach recommended by the National COVID-19 co-
Heart doctor heads to Privy Council on RoyalFidelity claim
A top Bahamian heart doctor has been given conditional leave to appeal to the Privy Council in his dispute with a local merchant bank over a margin loan. The Court of Appeal granted Dr Conville Brown permission to take his case to the highest court
Pandemic drives growing estate planning interest
The COVID-19 pandemic has sparked increased interest in estate planning among Bahamians, a long-serving trust professional says. Dianne Bingham, Leno Trust’s managing director, said she is receiving a record number of inquiries from persons “wanting
Contractors 'disappointed' not on recovery committee
The Bahamian Contractors Association (BCA) yesterday said it was “disappointed” that itself and the construction industry are not represented on the Prime Minister’s Economic Recovery Committee. Michael Pratt, the BCA’s president, told Tribune Busin
NIB: 20k jobless claims processed
The National Insurance Board (NIB) has paid out $16m in benefits, and processed more than 20,000 unemployment benefit claims, during the first month of the COVID-19 lockdown.Brensil Rolle, minister of the public service and national insurance, told t
Scotiabank reiterates warning on fraudsters
Scotiabank (Bahamas) yesterday repeated warnings that fraudsters are trying to deceive customer into parting with their private financial information. The bank again said it had received reports of customers receiving phone calls and text messages c
Govt in $455k packing house upgrade project
The government will spend $455,000 to renovate Family Island packing houses in an initiative set to start on May 1, a Cabinet minister said yesterday. Michael Pintard, minister for agriculture and marine resources, told the House of Assembly: “The l
Cruise port eyes $150m bond despite shutdown
Nassau cruise port’s developer is aiming to raise up to $150m in bond financing next month to kick-start construction work amid the industry’s global shutdown. Mehmet Kutman, chairman of Global Ports Holding, confirmed to analysts in a recent confer
Bahamians raiding pensions for funds
An investment banker has cautioned Bahamians against using pension monies and retirement savings as emergency funding to ride out the COVID-19 pandemic.
Freeport ‘the only fiscal and economic saviour’
A prominent Freeport attorney is today urging the government to “save” the city and itself by allocating $70m from any post-COVID-19 stimulus spending to Grand Bahama International Airport’s rebuild.
