Central Bank: Dorian will have negative, short-term impact on Bahamas economy
While the country’s mid-term growth prospects are still positive, the Central Bank has noted that Hurricane Dorian will have a negative impact on the economy in the short-term.
ALIV: Engineers 'actively' restoring service in East End
ALIV’S chief executive said the company would spare no effort to restoring full service to its network in hurricane ravaged Abaco and Grand Bahama.Damian Blackburn, in an interview with Tribune Business, said: “Aliv status is the network is working
BTC chief: We are not 'sitting on our hands'
THE Bahamas Telecommunication’s Company’s (BTC) chief executive yesterday blamed an ‘overwhelming congestion’ on its New Providence network for its mobile service disruption issues, assuring the public the company was not “sitting on our hands”.
BIA commits to settling hurricane claims ‘fairly’
THE Bahamas Insurance Association (BIA) has assured that it is committed to working with those impacted by Hurricane Dorian and settling claims “fairly and in the most expeditious manner’.
Total visitor arrivals firm by 18.8 per cent in June
TOTAL visitor arrivals to The Bahamas firmed by 18.8 per cent in June, according to the Central Bank of the Bahamas.
Bahamas must ensure it gets 'greatest multiplier effect' in Dorian rebuild
This nation must ensure it gets the greatest ‘multiplier effect’ in reconstruction and rebuilding efforts post-Hurricane Dorian to help minimise the impact of the storm’s devastation, a leading accountant said yesterday. Gowon Bowe told Tribune Bus
Bahamas must 'adapt to survive' natural disasters
THE Bahamas must allocate the necessary time and resources to “adapt to survive” natural disasters according to a local engineer, noting that ‘millions’ will be needed to upgrade the country’s physical and environmental protection. Carlos Palaciou
Bannister: Sufficient building inspectors must be hired
WORKS Minister Desmond Bannister said yesterday sufficient building inspectors must be hired to ensure all new buildings meet requisite standards, while lamenting that ‘no building code’ would have provided protection against ‘superstorm’ Hurricane D
MASTERCARD to make $200,000 donation to American Red Cross
MASTERCARD yesterday announced it will make a donation of $200,000 to the American Red Cross and also partner with the organisation, among others, to expand aid delivery to The Bahamas in the wake of Hurricane Dorian. In addition to its donation, Ma
Dorian: Economy bound to take ‘negative hit’ on GDP
Hurricane Dorian will have a significant ‘negative impact’ to this nation’s fiscal position, with GDP to take a significant negative ‘hit’ due to the need for massive infrastructural spend.
Marinas were prepared - but not for something like this
MARINAS in the path of Hurricane Dorain were as a prepared as they could be however Association of Bahamas Marinas (ABM) executive director Basil Smith noted the storm’s fury could not have been anticipated.
Abaco Business Outlook postponed
The 16th annual Abaco Business Outlook slated for this Thursday has been postponed due to the devastation of Hurricane Dorian, its organisers said yesterday.
Cruise lines remain committed to major projects
Two major cruise lines yesterday spoke out to reassure The Bahamas they remained committed to major projects in the islands.
Central Bank announces 'temporary relaxation' of lending guidelines to domestic banks
THE CENTRAL Bank yesterday announced the temporary relaxation of lending guidelines to domestic banks to facilitate access to credit by households and businesses on islands ravaged by Hurricane Dorian.
Cooper urges caution over deficit claims
THE Opposition has pushed back against the government’s touted success over hitting its fiscal deficit targets, suggesting it was too early to start ‘popping the champagne’.Chester Cooper, the Opposition’s Shadow Finance Minister said in a statement
