GB Power suspends new consumer levy
Grand Bahama Power Company yesterday said it is suspending the extra charge it was preparing to add to customer bills from April 1, 2020, due to the coronavirus pandemic. The utility said the move occurred “following consultation” with the Grand Bah
$4.4bn economic blow: 'Playbook out window'
The coronavirus and Hurricane Dorian are threatening to deal The Bahamas an “unprecedented” $4.4bn blow, with the deputy prime minister revealing yesterday: “The playbook is out the window.” K Peter Turnquest, speaking to Tribune Business after reve
Water sports sector near total shutdown
Water sports operators yesterday revealed the industry is almost completely shutdown due to the coronavirus pandemic. Kamar Chandon, general manager of KC Watersports Bahamas, told Tribune Business : “They shut down the cruise ships and stuff, so we
COVID-19 'worst ever catastrophe' for the workforce
A trade union leader yesterday branded the coronavirus as “the worst catastrophe” Bahamian workers have ever faced due to the uncertainty over how long it will last.Obie Ferguson, pictured, the Trades Union Congress (TUC) president, told Tribune Busi
Govt praised on virus measures given 'limitations'
Private sector executives and union leaders yesterday praised the government for striking the right balance between its fiscal woes and propping up workers and the economy against COVID-19.Robert Myers, the Organisation for Responsible Governance’s (
Tourist arrivals driven by 78% cruise isle rise
A 78 percent increase in arrivals to the cruise lines’ private Bahamian islands was the sole factor driving increased visitor numbers during January 2020, it was revealed yesterday. K Peter Turnquest, unveiling the government’s fiscal and economic p
Bahamasair in schedule slash to contain losses
A Cabinet minister yesterday said Bahamasair is examining how to combine flights and slash schedules to contain losses that will inevitably “go up” amid the coronavirus pandemic. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Bus
Restaurants suffer 40% sales drop-off
Well-known restaurants yesterday reported a 40 percent sales decline due to the economic shutdown created by the coronavirus pandemic. Philip Smith, the Compass Point Resort and Restaurant’s property manager, told Tribune Business : “We have seen a
Commission chief gains regional supervisory post
The Securities Commission yesterday announced its top executive has been elected as vice-chair for a global supervisory organisation’s regional body. Christina Rolle, the Bahamian regulator’s executive director, was named vice-chair for the Inter-Am
ART OF GRAPHIX: How to erase with precision
The “background eraser tools” in Photoshop are extremely useful. If you have not used this yet you may think they are tools for, well, erasing things. You have probably seen the little eraser in your toolbar and wondered what they were for. Photoshop
RBC unveils three-month 'good client' loan deferral
Royal Bank of Canada (RBC) yesterday unveiled a three-month deferral of loan repayments for clients in The Bahamas and wider Caribbean who were in good standing as at March 2, 2020. The Canadian banking giant, detailing its response to the coronavir
Wake up! 'There will be no tourists'
A Cabinet minister yesterday urged Bahamians to “grasp the simple yet inconceivable reality that there will be no tourists” visiting this nation for at least two to three months.Dionisio D’Aguilar, pictured, minister of tourism and aviation, sought i
IDB warns ‘worst case’ impact could be $3bn
The Bahamas could suffer a catastrophic 26 percent gross domestic product (GDP) cut if the worst-case coronavirus scenario comes true, an Inter-American Development Bank report revealed yesterday.
Union leader: 'All hands on deck' for virus
A trade union leader yesterday called for an “all hands on deck” approach to minimise the threat that the coronavirus crisis poses to the livelihoods of thousands of Bahamian workers. Bernard Evans, the National Congress of Trade Unions of The Baham
Wholesalers: Panic buying 'through roof'
Wholesalers yesterday urged Bahamians to get a grip on coronavirus-related panic buying that has gone “through the roof” and increased demand by up to 25 percent. Philip G Smith, the d’Albenas Agency’s sales and marketing manager, told Tribune Busin
