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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
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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.
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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
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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
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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
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'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
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‘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.
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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.
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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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Atlantis occupancies at 50% as virus bites
Atlantis yesterday revealed that normally-buoyant occupancy levels for the peak winter period have fallen to 50 percent as “tourism and commerce grinds to a halt” amid the coronavirus pandemic.A spokesperson for the Paradise Island-based mega resort
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Despite virus, Jonquel Jones continues to play in Russian Basketball Premier League
MOST major sporting leagues around the globe have suspended play due to the coronavirus outbreak but play continues for Jonquel Jones in the Russian Women’s Basketball Premier League. Jones and her UMMC Ekaterinburg club remained undefeated and impr
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BOC recommends all local sports be suspended
With all international travel being suspended by the Bahamas Government until further notice as a result of the spread of the coronavirus, the Bahamas Olympic Committee is also advising all sporting bodies to cease any further local competition until
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A perfect storm fuelled by a game of dare on oil prices
The coronavirus is now infecting and killing a growing number of people across the globe, with an increasing number of countries imposing draconian containment measures that are severely impacting the economic growth prospects of the world’s economy.
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Super Value more than triples inventory levels
Super Value’s principal yesterday said he has more than tripled the supermarket chain’s inventory levels to guard against coronavirus disruption, and warned: “Panic buying is not doing any good.”Rupert Roberts revealed that he has increased stock lev
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Prime Minister’s speech on COVID-19 in full
Prime Minister Dr Hubert Minnis addressed the nation on Sunday with regards to the government’s COVID-19 response.
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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.
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Tourism industry begins to feel the financial strain
BAHAMIANS are bracing for financial pain after global coronavirus fears began to cause major cancellations to businesses this week.
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Clinics bombarded by worried patients
THE medical sector is experiencing impact from coronavirus fears as people bombard clinics with cold-like symptoms and stock up on medication from pharmacies even though the country has not recorded a case of COVID-19.
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NPBA: Mingoes stop Shockers 91-71 to win series 2-1
THE University of the Bahamas Mingoes not only needed to beat the JD’s Seafood Shockers in the decisive game of their New Providence Basketball Association men’s best-of-three series, they needed to make a statement.They did just that at the AF Adder
