Galleria’s boss told: ‘hand over royalties’
Galleria Cinemas' principal has been ordered to pay "all outstanding royalty fees" over a failed restaurant venture that a Supreme Court judge branded "an abject failure" and "a bust".
Cruise line eyes June 10 for Bahamas sail restart
Bahamas Paradise Cruise Line has confirmed that sailings to this nation will resume on June 13 for its Grand Celebration vessel, and on July 10 with the Grand Classica . “We appreciate the support of our valued guests, partners, regulatory agencies,
A market first - "We'll pay you to take oil off our hands"
Many of us watched in disbelieve last Monday night as the May future contract of crude oil was, for the first time in history, negotiated at a negative price. Traders offered to pay any buyers $40 per barrel, provided they accepted delivery at the en
LETTER: 'Get ball rolling' over GB airport post-virus
Dear Editor, Before the coronavirus pandemic we had a two-year window for construction and completion of the four major projects in Grand Bahama that would have given us jobs, jobs and jobs, and the revival and establishment of a dynamic economy. S
Recovery co-chair calls for 'integrated economy'
A co-chair for the government-appointed Economic Recovery Committee yesterday said The Bahamas “must build an integrated economy that is self-sustaining” post-COVID-19.Kenwood Kerr, Providence Advisors’ chief executive, told Tribune Business that he
Realtors urged to take training focus
The Bahamas Real Estate Association (BREA) is calling on its members to take advantage of training courses it is arranging during the COVID-19 lockdown period.Christine Wallace-Whitfield, pictured, BREA’s president, told Tribune Business: “We have go
Year-old cocktail lounge nominated for honours
A year-old Bahamian cocktail lounge has been nominated for a top international award, which it says is a first for any bar in The Bahamas. Bon Vivants, based at the Old Towne Sandyport, was one of ten bars shortlisted to be named Best New Internatio
Andros Chamber chief backs farming increase
The Central Andros Chamber of Commerce’s president says the island would welcome an increase in farmers with the eco-tourism industry it heavily depends on shuttered due to COVID-19. Tavares Thompson told Tribune Business: “As it stands now it is ju
Abaco reconstruction awaits energy return
Abaco’s Chamber of Commerce president said post-Hurricane Dorian reconstruction is “proceeding at pace” despite the continued wait for electricity supplies to be restored to Central Abaco. Ken Hutton told Tribune Business: “Reconstruction is proceed
Bahamas financing need ‘close to’ $1bn
A Standard & Poor’s (S&P) analyst yesterday said The Bahamas will need “close to $1bn” to finance this year’s fiscal deficit while predicting “a strong economic recovery” in 2021 and 2022.
Judge brands realtor 'stranger to the truth'
A Supreme Court judge has branded a realtor “a stranger to the truth” after finding he sold the same land to two different buyers - Sir Franklyn Wilson and a Bahamian retail entrepreneur. Justice Indra Charles, in an April 17 ruling, said Anthony Ra
Tourism focusing on core markets 'bang for buck'
Tourism must focus on “getting the biggest bang for our buck” with post-COVID-19 marketing strategies given that it will not escape government-wide budget cuts, a Cabinet minister said yesterday.Dionisio D’Aguilar, minister of tourism and aviation, t
Extend jobless benefits to 26 weeks, govt told
The Chamber of Commerce’s labour specialist yesterday urged the government to extend unemployment benefits to 26 weeks to prevent companies from having to terminate workers. Peter Goudie told Tribune Business he was “very hopeful” that the Minnis ad
Private islands are 'hot like fire'
A Bahamian realtor yesterday said “the private island market has gone hot like fire” as a result of the COVID-19 pandemic, adding: “It’s social distancing at its finest.”Gavin Christie, CA Christie’s managing partner and broker, told a Business Unusu
NIB: 'No major shift' in managing finances
The National Insurance Board’s (NIB) director says the surge in COVID-19 related benefits claims has not caused “a major shift” in how the social security system manages its $1.7bn reserve fund. Dr Nicola Virgil-Rolle, pictured , said the social sec
