'No gouging' on eggs as prices rise over 100%
A leading food retailer yesterday reassured Bahamian consumers “there’s no price gouging on eggs” despite prices increasing by “more than 100 percent” over the past two weeks. Philip Beneby, head of the Retail Grocers Association, told Tribune Busin
BTC enjoys 'uptick' in Internet demand
The Bahamas Telecommunications Company (BTC) yesterday confirmed it has seen an increase in broadband Internet subscriptions due to the COVID-19 pandemic. Garfield “Garry” Sinclair, BTC’s chief executive, told Tribune Business in an e-mail: “The dem
Mortgage Corp: Most borrowers being paid
The Bahamas Mortgage Corporation yesterday indicated it did not expect to be inundated with loan deferral applications as most borrowers are government workers who are still being paid. Philip Haven, the government-owned home lender’s managing direc
Govt: E-commerce critical to recovery
The government yesterday said its draft e-commerce policy is now being shared with industry stakeholders as a critical element in “accelerating” the country’s post COVID-19 recovery. Kwasi Thompson, pictured , minister of state for Grand Bahama, tol
IAN FERGUSON: A survival strategy for small business
The downturn in business activity as a result of the COVID-19 pandemic will lead to a long, and deep, global recession by most accounts. As a small business owner you will be forced to make drastic moves to survive. This week and next, we shall expl
$200m in deals ‘slide’ on COVID-19 impact
Deals worth a collective $200m are likely to “slide back” into 2021 due to the fall-out from the COVID-19 pandemic, a prominent Bahamas-based investment banker conceded yesterday.
BPL’s revenue in 32.5% March fall
Bahamas Power & Light’s (BPL) March revenues have slumped by almost one-third year-over-year, a Cabinet minister revealed yesterday, as it halted disconnections for the lockdown’s duration.
Doctors chief hails 'wide decision' on non-urgent care
The Medical Association of The Bahamas (MAB) president yesterday hailed the government’s “wise decision” to prevent doctors seeing patients face-to-face for non-emergency care.Dr Marcus Cooper, responding to the government’s latest Emergency Powers O
AG: 'We were protecting vulnerable from calamity'
The attorney general yesterday pledged to “clarify” a life and health insurance order that was designed to prevent poor and elderly policyholders suffering a “catastrophe” amid the COVID-19 crisis. Carl Bethel QC told Tribune Business that the gover
'Frustration' over govt's silence on e-commerce plan
A major Bahamian hardware retailer yesterday voiced “frustration” that it has not been permitted to serve clients via an e-commerce platform it invested “tens of thousands of dollars” in developing. Brent Burrows, CBS Bahamas (Commonwealth Building
Firms urged: Remember data security while remote
An information security manager yesterday urged Bahamian businesses not to forget the importance of data and information protection while working remotely during the COVID-19 lockdown. Demarius Cash, Seagrape Inc’s chief executive, told Tribune Busi
Paying the price in battling COVID-19
My last article analysed COVID-19’s impact, and the need for effective leadership from an economic and health perspective. I now turn to an examination of the relief measures taken to date. As this article was completed, the deputy prime minister ann
FOCOL targets cruise ship bunkering market
FOCOL Holdings was planning to penetrate Grand Bahama’s cruise ship “bunkering” market before the COVID-19 pandemic shutdown that sector and the wider economy.Sir Franklyn Wilson, the BISX-listed fuel supplier’s chairman, had told the company’s share
Online delivery firm in 60% demand rise
A Bahamian online delivery service yesterday said it has seen a 60 percent increase in demand following the COVID-19 country-wide lockdown and closure of many businesses.Jamial Rolle, chief executive of Runnah’s, told Tribune Business: “We have defin
Mortgage Corp unveils 3-month loan deferral
The Bahamas Mortgage Corporation has joined other financial institutions in agreeing to offer a three-month loan payment deferral for borrowers hit by the COVID-19 economic fall-out. The state-owned lender said forbearance will be provided for mortg
