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New auto sales plunge 90% at COVID’s peak
New car sales plunged more than 90 percent during the COVID-19 lockdown’s peak, data seen by Tribune Business has revealed, with many dealerships “not selling a single vehicle” for April.
Baha Mar will not reopen until October
BAHA MAR has announced it will not resume operations until October and will carry out additional staff cuts. The luxury hotel property says it has postponed reopening in light of the “evolving nature” of the COVID-19 pandemic. In a letter to its emp
Baha Mar eyeing 15-20% job cuts
A Cabinet minister yesterday conceded it is “deeply concerning” that Baha Mar has delayed its re-opening amid plans to make “additional staffing reductions” that could result in hundreds losing their jobs. Dionisio D’Aguilar, pictured , minister of
'Transformative' COVID leaves retailer targeting overseas expansions
A Bahamian retail entrepreneur says COVID-19’s “transformative” impact has spurred him to look at regional expansion with sales “30 percent off” as his businesses emerge from lockdown.Andrew Wilson, the Quality Business Centre (QBC) proprietor, told
Atlantis 'domino effect' failing to materialise
The hotel union’s president says the hoped-for “domino effect” from Atlantis announcing its July 7 re-opening has failed to materialise after Baha Mar delayed its own comeback and warned of “staff reductions” to come.Darrin Woods, the Bahamas Hotel,
COVID-19 rise 'inevitable' with tourism's reopening
Requiring visitors to take a COVID-19 test before they enter The Bahamas is “a non-starter”, a Cabinet minister argued yesterday, while warning that the tourism industry’s July 1 re-opening will “inevitably” increase cases. Dionisio D’Aguilar, minis
‘Buddy’ scorching hot on his return to court
Chavano Rainer ‘Buddy’ Hield returned to the basketball court for competitive play for the first time since the COVID-19 pandemic sidelined the NBA.
Bahamas First fights off IT system hackers
A major Bahamian insurance company has revealed it almost fell victim to computer hackers “during the height” of the COVID-19 pandemic’s lockdown. Bahamas First, the property and casualty underwriter, revealed in its just-released 2019 annual report
UB Mingoes Athletics in first of 4-phase plan to normalcy
MINGOES Athletic Director Kimberley Rolle is confident that with an additional $1.5 million allocated in the Bahamas government’s 2020/21 budget to the University of the Bahamas, they could continue to become a viable tertiary institution for Bahamian student athletes to attend.
Wilson sets sights on COVID ‘fails’
A Bahamian insurer’s parent is targeting companies struggling to rebound from COVID-19, its chairman has revealed, after its corporate structure provided a $2.33m buffer against Hurricane Dorian claims payouts.
Hitting IMF target like 'defeating Usain Bolt'
The Bahamas needs an “extraordinary economic shot in the arm” to meet the International Monetary Fund’s (IMF) targets, an ex-finance minister said yesterday, as hitting them would be comparable to “beating Usain Bolt”.James Smith, also an ex-Central
INSIGHT: The boiling point of social injustice confronts us with a new dilemma
WITH tens of thousands of Bahamians on the verge of poverty as a result of the the COVID-19 pandemic, much-needed relief is on the way. The government has moved the country into Phase Four of the reopening plan – one step closer to a life as close to normal as possible – and June 15 will see the tourism industry begin to feel its first jolts of new life.
Economy set to contract by 15%
The Bahamian economy is likely to shrink by 15 percent this year due to the combined effects of COVID-19 and Hurricane Dorian, a financial analyst has predicted. Anthony Ferguson, CFAL’s principal, speaking to a webinar hosted by the Chartered Finan
Tour operator fears on COVID protocols
Tour and excursion provider are voicing concerns over the cost and ease of execution associated with implementing portions of the tourism industry’s post-COVID-19 Readiness and Recovery Plan . Captain Mike Russell, owner of Chubasco Charters, told T
Bahamasair cutting its summer schedule by 20%
Bahamasair yesterday said it is planning a 20 percent cut to its summer schedule after incurring $18.5m in revenue losses and unfunded costs due to the combination of Hurricane Dorian and COVID-19.
Tourism payroll given $2m more than needed
A Cabinet minister has admitted that his ministry's payroll was over-budgeted by $2.5m for the 2019-2020 fiscal year and has now been returned to normal levels by the new Budget.
Pair fined after admitting drug possession charges
TWO men were fined yesterday after being arraigned in the Magistrate’s Court on drug possession charges.
Kai Jones No.30 on top prospects list for 2021 NBA Draft
DESPITE a freshman season where he received inconsistent playing time from the Texas Longhorns coaching staff, Kai Jones has been listed as a highly coveted prospect for the 2021 NBA Draft by Sports Illustrated.
Minister: Bahamas Ltd 'must get going again'
The Bahamas “can’t afford” to keep its tourism industry shut any longer, a Cabinet minister warned yesterday, as he admitted that the threat posed by COVID-19 can only be “mitigated, not eliminated”.Dionisio D’Aguilar, minister of tourism and aviatio
Judge dismisses firearm charges against mother and daughters
A Grand Bahama mother and her three children - including a 20-year-old son and two juveniles - were arraigned on illegal firearm and ammunition possession charges yesterday after police found a gun in a bedroom of their home.
