Moody's: Dorian rebuild hit from insurance woes
The economic boost from Hurricane Dorian recovery “could be limited” by the 60 percent of Bahamian households who failed to fully insure, a global credit rating agency has warned. Moody’s, in an assessment that underlined how the category five storm
Ansbacher: Our $10m is 'wrongfully withheld'
Ansbacher (Bahamas) is accusing a Puerto Rican bank of “wrongfully retaining” $10.087m of its funds that are “urgently needed to honour customers’ transactions”.The Bahamian institution, part of AF Holdings (the former Colina Financial Group), is dem
Regulator 'vigilant' on hoarding and gouging
Regulators are continuing to probe allegations of price gouging involving food items and batteries in the wake of Hurricane Dorian, the Prices Commission’s chairman warned yesterday.Danny Sumner, urging companies to desist from such practices, said t
Carnival affirms $100m cruise port commitment
Carnival Cruise Line has reaffirmed its commitment to its $100m Grand Bahama cruise port project despite the devastation inflicted upon the northern Bahamas by Hurricane Dorian. Giora Israel, the cruise line’s senior vice-president of global port an
Royal Caribbean bring aid to Grand Bahama
Senior executives of Royal Caribbean Cruises Ltd arrived on Grand Bahama at the weekend to personally oversee the company’s relief efforts in the aftermath of Hurricane Dorian.
Colonial Group: We’ll do our part
THE Colonial Group has pledged to support hurricane victims in The Bahamas following the impact of Hurricane Dorian on Abaco and Grand Bahama.
Chamber chair: Abaco will ‘bounce back’
ABACO’S economy will “bounce back” from the ravages of Hurricane Dorian the island’s Chamber of Commerce president said yesterday, telling Tribune Business: “Everything is completely flattened”.
Contractors offer employment assistance for Dorian victims
THE Bahamian Contractors Association (BCA) is looking to assist people impacted by Hurricane Dorian by securing employment among its membership.
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
