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Retailer hails 'huge help' of govt lockdown change
A major Bahamian retailer has hailed the government’s decision to modify its “locked down” businesses list as “a huge help” both to its sector and the wider economy.Brent Burrows, vice-president of CBS Bahamas (Commonwealth Building Supplies), told T
UPDATED: Sol Kerzner dies age 84, PM pays tribute to ‘pioneer in the resort industry’
Hotel tycoon, business magnate and Atlantis developer Sol Kerzner has died age 84.
$4.4bn economic blow: 'Playbook out window'
The coronavirus and Hurricane Dorian are threatening to deal The Bahamas an “unprecedented” $4.4bn blow, with the deputy prime minister revealing yesterday: “The playbook is out the window.” K Peter Turnquest, speaking to Tribune Business after reve
We are at war and together we’ll win: PM’s battle plan to fight deadly virus
PRIME Minister Dr Hubert Minnis declared “war” against the novel coronavirus yesterday, saying new regulations granting him sweeping emergency powers over the Bahamian society are needed to save lives.
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.
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
'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.
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
Cruise sector closure 'extremely devastating'
The cruise industry’s 30-day shutdown will be “extremely devastating” for Bay Street and all who rely on the sector for their livelihood, the Downtown Nassau Partnership’s co-chair warned yesterday. Charles Klonaris told Tribune Business that while
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
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.
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
