Bahamas warned on new downgrade risk
The Bahamas was yesterday warned by Standard & Poor’s (S&P) that it faces “at least a one-in-three chance” of a further downgrade to its sovereign credit rating within the next 12 months.
Royal Caribbean: PI is not what you think
Royal Caribbean yesterday pledged its Paradise Island investment will generate an extra $26m per year in visitor spending and “re-energise” downtown Nassau for the benefit of all stakeholders. Russell Benford, the cruise line’s vice-president of gov
URCA modifies renewable mechanism at BPL urging
Regulators have modified their much-criticised compensation proposal for larger grid-tied renewable energy systems at Bahamas Power & Light’s (BPL) urging, it was revealed yesterday.
'No virus delay' for Lucayan's $300m revival
A Royal Caribbean executive yesterday said it “anticipates no delay” or negative impact to the $300m Grand Lucayan redevelopment as a result of the coronavirus fall-out.Russell Benford, the cruise line’s vice-president of government relations for the
Top cruise line hails Bahamas virus response
A Royal Caribbean executive yesterday hailed The Bahamas as a regional leader in its coronavirus response with bookings for voyages to this nation “holding steady” amid the pandemic.Russell Benford, the cruise line’s vice-president of government rela
Questions raised over group involved with Dorian burials
The government’s Disaster and Reconstruction Authority (DRA) appears to be working with an unregistered organisation over the burial of Abaco’s unidentified Dorian victims. Iram Lewis, minister of state for disaster preparedness, management and reco
NIB to speed up smart card renewal go-ahead
The National Insurance Board’s (NIB) director yesterday pledged to speed-up smart card renewal authorisations for Family Island residents amid complaints of lengthy delays. Dr Nicola Virgill-Rolle spoke out after an Andros-based businessperson revea
Club Med's Bahamas resort to remain open
San Salvador’s Club Med resort plans to remain open despite the US banning all travel from the European markets that generate most of the property’s guests due to the coronavirus. The resort chain, in a statement sent to Tribune Business , said: “Cl
IAN FERGUSON: How to make working remotely productive
Global workforce data suggests that working remotely has increased since the turn of the century. The infusion of technology into almost everything we do has created a platform for work outside the traditional “four walls” of the office. With the COV
Public to have say on oil operations
The Bahamian people will determine the fate of any commercial oil discovery in this nation's waters, a Cabinet minister pledged yesterday, adding that the country is at "a crossroads" over the issue.
'Painful cuts' best fiscal response to virus pandemic
The government may have no choice but to respond to the coronavirus pandemic with “painful spending cuts” due to its lack of fiscal “headroom”, a prominent businessman warned yesterday.Sir Franklyn Wilson, pictured, the Arawak Homes and Sunshine Hold
VAT move to help Abaco’s rebuild
The Government’s about-turn to eliminate VAT on construction services in the Dorian-ravaged islands was yesterday hailed as “a tremendous help” that will lower costs and speed-up rebuilding.
$30m Sandals butler assault claim tossed
A US couple’s much-publicised $30m sexual assault lawsuit against Sandals Royal Bahamian Resort and its affiliates has been thrown out in its entirety by a New York judge. District judge Analisa Torres, sitting in the southern New York federal court
Over 2,000 homeowners sign-up for Dorian repairs
Some 2,069 homeowners have completed full registration for the Disaster Reconstruction Authority’s post-Dorian small home repair programme, a Cabinet minister said yesterday. Iram Lewis, minister of state for disaster preparedness, management and re
VAT about-turn to boost post-Dorian rebuild
The government’s about-turn to eliminate VAT on construction services in the Dorian-ravaged islands was yesterday hailed as “a tremendous help” that will lower costs and speed-up rebuilding.Ken Hutton, pictured, the Abaco Chamber of Commerce’s presid
