Business owners 'not living in ivory towers'
The prime minister’s attack on business owners “has no merit” in most cases, a prominent entrepreneur argued yesterday, adding: “We’re not living in ivory towers.” Robert Myers, who has multiple business interests, told Tribune Business that it was
Oil price crash 'once in lifetime opportunity'
A Cabinet minister yesterday said the global oil market crash has presented The Bahamas with a “once in a lifetime opportunity” to ease the pain of the deep COVID-19 recession.Desmond Bannister, minister of works, told Tribune Business that if Bahama
Hardware stores feeling pinch despite relaxation
Some Bahamian hardware stores yesterday said they might remain closed and still lay-off staff despite being permitted by the government to open from 8am to 8pm on Wednesday and Friday. Franklyn Russell, the Home Care Centre’s general manager, told T
Plant nurseries: Opening will ease 'unique' situation
Plant nurseries yesterday said the limited opening hours permitted by the government will alleviate “a unique” situation where they have had to maintain payroll without any revenue coming in. Mark Thompson, general manager of Nature’s Way plant nurs
Scotiabank warns clients over scam
Scotiabank Bahamas yesterday warned customers not to provide confidential banking information to persons who call claiming there is an issue with their account. The bank, in a statement, said it was aware of so-called “phishing” phone calls being ma
Auto dealers: Parts opening no big deal
Auto dealers yesterday said opening their parts departments for one day per week is “not a big business boost” - especially since they are still unable to service clients’ vehicles.Fred Albury, the Auto Mall’s principal, told Tribune Business he will
Graycliff slams 'utterly false' NIB allegations
Graycliff last night slammed claims that it was delinquent in paying National Insurance Board (NIB) contributions on behalf of staff as “utterly false”. The high-end hotel and restaurant hit out following widely-circulated social media claims that i
Bahamas most exposed to external fund pressure
The Bahamas is the world’s most vulnerable tourism-based economy to external financing pressures, a Standard & Poor’s (S&P) study has revealed, and faces “major deterioration” in credit indicators.
Oil explorer in licence extend over COVID-19
A Bahamas-based oil explorer has voiced optimism that the government will extend its drilling licence beyond year-end despite Florida congressmen lobbying the Trump administration against its plan.
Ex-minister: Speed up investment to avoid 'catastrophe'
An ex-investment minister says the government must turn promises of fast-track approvals into reality to give The Bahamas “a fighting chance of avoiding economic catastrophe”.Khaalis Rolle, who held the post in the former Christie administration, tol
‘Leaner’ law firms eyed as McKinney confirms lay-offs
A prominent QC has warned that Bahamian law firms will likely be “leaner” following the COVID-19 pandemic as McKinney, Bancroft & Hughes became the latest major player to confirm lay-offs.
COVID-19 gives chance to improve food security
As a result of the COVID-19 pandemic, the term ‘food security’ is sending consumers into panic mode, resulting in long lines and empty shelves at local grocery stores. While the government has repeatedly reassured that there is no shortage of food or
Farmer's Crown Land plea for $310,000 outlay to work
A Bahamian chicken farmer says his request for a Crown Land lease requires an urgent government response if his $310,000 investment is to work. Glen Rolle, chief executive of Bouggie Birds, told Tribune Business: “We have all of the financing in pla
Economy re-opening boost for 150 workers
A Bahamian businessman yesterday hailed the government’s move to re-open certain industries as “wonderful news” that will enable him to put 150 staff back to work. Robert Myers told Tribune Business that the decision to treat landscaping and associa
GB Chamber chief: Re-open support firms for 'essentials'
Grand Bahama’s Chamber of Commerce president has urged the government to allow “support” businesses for “essential services” to re-open during the COVID-19 lockdown to reduce imports. Gregory Laroda told Tribune Business that “there are some concern
