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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

Economy facing $1bn bodyblow, Turnquest tells House

DESPITE a projected total economic fallout of as much as $1bn from the COVID-19 pandemic, the government has announced several relief measures for workers in the tourism industry who will be most affected by the virus’ global impact.

Dionisio has winning way

I make no secret of the fact that my favourite cabinet minister within the Minnis regime is the Hon Dionisio D’Aguilar (FNM-Free Town) our erstwhile Minister of Tourism & Aviation.

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

Unions fear large cut in working hours for members

THE union representing hotel workers in the country yesterday predicted widespread work day reductions in view of the global COVID-19 pandemic, while warning that things could get worse before they get better.

We must worry about the poor

The Federal Reserve took its rate to zero and additional $700 billion in stimulus on March 15, 2020. The Federal Reserve balance sheet will be at its peak of $4.5 trillion. This will be done by purchasing assets – in this case, $500 billion in Treasury securities and $200 billion in mortgage-backed securities. The purchases will begin right away, with $40 billion in purchases set to take place on Monday, March 16, 2020.

Hilton give staff vacation 'option'

The British Colonial Hilton yesterday confirmed it has given staff the “option” of taking two weeks’ vacation leave as it joins Atlantis in seeking to reduce labour costs amid the coronavirus pandemic. Pablo Casal, the downtown Nassau resort’s gener

Exuma sports company struggling to break even

AFTER losing $96,000 through cancellations in the last two weeks, one Exuma businessman is considering the bright side of the country potentially shutting down over coronavirus concerns. “I would welcome a shutdown because it’s now cheaper for me to

Bay Street braces for 50% sales hit

Bay Street merchants yesterday revealed they are bracing for at least a 50 percent sales hit due to the 30-day cruise industry shutdown as several mull closures amid the coronavirus pandemic. Maria Liminatis, the Fashion Centre’s general manager, to

BPL Board to consider disconnection suspend

Bahamas Power & Light’s (BPL) status as “a broke company” means it will be challenged to suspend customer disconnections when its board meets today to discuss the issue.

'Matter of time' before Atlantis unpaid leave is sector norm

The hotel union’s president yesterday said it was “only a matter of time” before other resorts follow Atlantis’s lead in asking staff to “volunteer” to take two weeks unpaid leave amid the COVID-19 crisis. Darrin Woods told Tribune Business that the

Atlantis staff asked to take unpaid leave

ATLANTIS has asked staff at the Paradise Island resort and casino to either take two weeks unpaid leave or take earned vacation days due to the threat of the COVID-19 pandemic, which has hurt the tourism and travel industry.

‘Right now, I think it’s more about the safety of the fans, players and coaches’

New Providence Basketball Association president James Price said they wholeheartedly agree with the Bahamas Government on suspending all local sporting activities until further notice.

Despite virus, Coleby and Japanese B-League resume play last weekend

DESPITE concerns expressed by several stakeholders affiliated with the Japanese B-League, Kadeem Coleby and the remainder of the league resumed play last weekend as the coronavirus COVID 19 outbreak continues.

INSIGHT: Don’t panic - it’s time to think of others, not just ourselves

AS the nation has watched the coronavirus, also known as COVID-19, go from a “foreign virus” that spread through Wuhan, China, with epic speed, inch closer and closer to our shores, it has been unsettling to see it reach 118 countries to date. No doubt, any nation still reeling from the disastrous impact of Hurricane Dorian would have citizens gripped by fear.

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