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IMF fears 13,500 missed benefits

Some 13,500 "informal economy" workers may have missed out on COVID unemployment benefits, the IMF said yesterday, adding that "execution fell short" on some government assistance initiatives.

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Davis: Provide debt relief for victims of hurricane

OPPOSITION Leader Philip “Brave” Davis has appealed to those in the commercial sector to provide a minimum of 60 days debt relief to storm victims following the passage of Hurricane Dorian.He added this should include temporary relief from mortgage p

Atlantis: Christmas was 'better than projections'

A senior Atlantis executive yesterday said the resort enjoyed a “better than anticipated" Christmas season and was looking ahead to improving numbers in the 2021 first quarter.

ART OF GRAPHIX: Shopping altered images as false

What is false advertising? According to the dictionary, this is “any advertising or promotion” that misrepresents the nature, characteristics, qualities or geographic origin of goods, services or commercial activities.

Sir Franklyn: FOCOL stopped BPL 'disaster'

FOCOL Holdings prevented Bahamas Power & Light (BPL) from suffering “disaster” on Inagua by stepping in to pay its fuel debts, its chairman revealed yesterday.

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Hurricanes’ toll on tourism jobs

TEMPORARY layoffs at Resorts World Bimini will affect some 150 workers, with more than a dozen expected to be made redundant, The Tribune has learned. 

'Inadequate accounts' drive $360m in arrears

THE government’s $360 million in unfunded arrears is “entirely connected” to inadequate accounting systems and financial management processes, the deputy prime minister has revealed.K Peter Turnquest, pictured, told the Institute of Chartered Account

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Activists hopeful that styrofoam will be disposed of properly

ENVIRONMENT activists say they are confident Prime Minister Dr Hubert Minnis will ensure Styrofoam collected from waters in Bimini after Hurricane Irma destroyed Resorts World Bimini’s floating docks will be disposed of properly.In separate interview

Farmers to receive $1.2m Dorian aid during January

A Cabinet minister yesterday said the government will this month release some $1.2m to deal with farmers’ “emergency needs” some four months after Hurricane Dorian’s passage. Michael Pintard, minister of agriculture and marine resources, told Tribun

Energy 'band aids' won't combat climate change

The Bahamas needs a “long-term plan” to fix its energy woes, a Chamber of Commerce executive is arguing, adding: “Band aids only cover the wound.” Debbie Deal, head of the Chamber’s energy and environment division, told a Democratic National Alliance

DPM: 'Open data culture' critical to better governance

The deputy prime minister yesterday said the creation of “a culture of open data in government” is critical for national development and better decision-making.K Peter Turnquest, addressing a forum held by the Ministry of Finance in conjunction with

'We'll have to make one-cent end work'

Super Value’s principal yesterday said his Abaco interests had coped well after eliminating the one-cent coin last year, and added: “We’ll have to make it work here.”Rupert Roberts told Tribune Business that the retail industry and consumers will hav

Shipper forecasts further hikes in containers, rates

A shipping executive yesterday forecast that container prices and freight rates could increase by 200 percent over current market highs as the world continues to rebound from the COVID-19 pandemic.

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‘Breakthrough’ in battle with foreign realtors

THE Bahamas Real Estate Association’s (BREA) president yesterday said it has finally made a “breakthrough” in cracking down on unscrupulous foreign realtors who are “crippling” the industry.

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PM: Govt must work for people

The Bahamas “must make government work for the people”, the prime minister said yesterday, warning that it cannot survive at 118th place in the World Bank’s ease of doing business index.

‘Nothing to celebrate’ in mid-year budget

The DNA yesterday slammed the government’s projected $185m revenue shortfall as “unacceptable and inadequate”, adding that Bahamians had “nothing to celebrate” in the mid-year budget.

Chamber chief tells trade unions: Break with the ‘old ways’

The Chamber of Commerce’s chief executive yesterday warned that union threats against foreign investors were “not healthy” for the Bahamas’ economic development, as he urged them to break with “the old ways”.

Minister: 'I won't issue contracts like candy'

The Minister of Works yesterday warned that he will “not issue construction contracts like candy at a child’s party”, emphasising that contractors must deliver ‘value for money’ to taxpayers.Desmond Bannister, addressing a Bahamian Contractors Associ

Businesses blame COVID, KYC in bank account delay

Bahamian businesses are blaming stringent Know Your Customer (KYC) due diligence rules and the post-COVID hangover for why it takes an average two months to open a corporate bank account.

Logistics provider targets 35% saving

A Bahamas-based logistics provider yesterday said its new supply chain management product could save local businesses “up to 35 per cent” of their current import costs, pledging that it would “open up their horizons”.