Marinas lose 'through roof' bookings to virus
The COVID-19 crisis was yesterday said to have cost Bahamian marinas what was shaping up to be “the best season ever” with bookings that were “through the roof” as recently as early March.
Bahamian airlines may seek COVID crisis assistance
Private Bahamian airlines will require financial assistance “to get back in the game” once the COVID-19 crisis has passed, an industry operator warned yesterday.
Port's 50% tariff slash 'for masses, not few'
Nassau’s main commercial shipping port yesterday pledged that slashing all tariff rates by 50 percent for the next month will ease the COVID-19 pain for “the masses rather than the select few”.
Airlines - we’ll need a bailout
Private Bahamian airlines will require financial assistance "to get back in the game" once the COVID-19 crisis has passed, an industry operator warned yesterday.
Abaco: Back to ground zero
Abaco's Chamber of Commerce president yesterday said the island's post-Dorian recovery has been plunged "back to ground zero" by the COVID-19 crisis, adding: "We're on our own again."
Sandals closing leaves Exuma 'eerily quiet'
Sandals Emerald Bay’s closure will have “a devastating impact” on an Exuma economy that has “more to lose” from the COVID-19 pandemic than other islands, Tribune Business was told yesterday.Pedro Rolle, Exuma’s Chamber of Commerce president, describe
Retailer urges: Relax lockdown on business
A Bahamian retailer yesterday urged the government to permit businesses to open for a short time daily to ease the economic pain just hours before the prime minister tightened the lockdown. Andrew Wilson, Quality Business Centre’s (QBC) principal, t
Lockdown sparks increased security services demand
Bahamian security companies yesterday reported an increased demand for their services due to the nationwide lockdown stemming from the COVID-19 pandemic.Chris Adderley, Westech Security’s managing director, told Tribune Business he had seen multiple
Ex-BDB chair: Govt has '$2.5bn problem'
An ex-Bahamas Development Bank (BDB) chairman yesterday argued that mass COVID-19 related unemployment will give the government “a $2.5bn problem” it has no choice but to finance.Lynden Nairn told Tribune Business the Minnis administration’s estimate
Scotiabank joins loan holiday trend
Scotiabank (Bahamas) yesterday became the latest commercial bank to respond to the COVID-19 crisis by offering distressed borrowers a three-month loan repayment holiday.
Coronavirus gives markets the bug and turns Bulls into Bears
The spread of coronavirus and the growing realisation about the impact it will have on the global economy triggered one of the most spectacular U-turns in the history of stock markets.
‘It’s not been this bad in 30 years’
The hotel union’s president yesterday estimated up to 15,000 resort workers and their families have been hit by the wave of industry closures, and said: “I’ve never seen it this bad in 30 years.”
Get 'game changer' industries to reduce external vulnerability
Commonwealth Bank’s president says the COVID-19 pandemic fall-out has again exposed the urgency for The Bahamas to attract “game changer” industries that will diversify its economy.Raymond Winder told Tribune Business that this nation had done little
Fidelity bucks 'blanket' loan deferral trend
A BISX-listed commercial bank says it will not be making “grandiose statements” of “blanket” COVID-19 loan deferrals and instead plans to continue its post-Dorian “case-by-case basis” approach.Gowon Bowe, Fidelity Bank (Bahamas) chief financial offic
Turnquest: Recovery to be slow and anaemic
The Government has not used all the economic stimulus tools available to it, the deputy prime minister revealed last night, having kept some in reserve in case the COVID-19 pandemic is "prolonged".
