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Sands Beer comeback a 'survival difference-maker'

A Bahamian brewery yesterday hailed the return of its own-brand beers as the difference between "being in business or out of business" after surviving for a year on just 35 percent of normal revenues.

COVID 'reality' hits banks: Loan defaults spike $83m

Bahamian commercial banks saw loan defaults spike by $83m in August as the sector started to feel the COVID-19 chill, with one senior executive saying: "The accounting is catching up with reality."

‘A nice, loving, kind girl - a good mom’: Domestic row turns to horror as mother and daughter killed

A MOTHER and her child were found slain at their Nassau Village home yesterday morning.

Mother and daughter murdered in Nassau Village

A MOTHER and her child were found slain at their Nassau Village home on Monday morning.

Dollarisation must 'be on the table'

An ex-attorney general says full dollarisation of the Bahamian economy must "be on the table" as the country faces "a tipping point" due to the devastation inflicted by the COVID-19 pandemic.

Increased testing eyed as tourism's quarantine answer

A Cabinet minister yesterday signalled that post-arrival COVID-19 testing for tourists may be part of the solution to "easing" the mandatory 14-day quarantine impediment to the industry's revival.

Oil explorer targets pre-Christmas well

The Bahamas may gain an exploratory oil well Christmas 'present' for 2020, it was confirmed yesterday, as the project's proponents urged environmental activists to give "a fair representation of the facts".

Residents 'happy' GBPC storm recovery charge suspended – but will continue to fight implementation

ALTHOUGH “happy” that a storm recovery and stabilisation (SRS) charge by the Grand Bahama Power Company has been further suspended, the Coalition of Concerned Citizens pledged to continue to fight its implementation.

Port's profits slump 65% during COVID

Nassau's main commercial shipping port suffered a 65 percent or $3m year-over-year profits slump during the first five-and-a-half months of the COVID-19 crisis, its top executive revealed yesterday.

Attorney fears Freeport plan 'exercise in futility'

A prominent Freeport attorney yesterday voiced fears that the latest bid to revive Freeport's economy will be "an exercise in futility" unless the Grand Bahama Port Authority's (GBPA) ownership changes.

Over 10,000 back anti-oil exploration petition

Environmental activists behind a 10,000-strong petition opposing oil drilling in Bahamian waters yesterday argued "we cannot afford to jeopardise our existing economic drivers" with such a "risky" venture.

Test strips could end lockdown

The response to the COVID-19 pandemic has created a public health and economic crisis leading to psychological suffering and economic pain for all Bahamians.

Downtown chief supporting private island cruise return

The Downtown Nassau Partnership's (DNP) co-chair yesterday backed the cruise industry's plan to restart with voyages to its private islands only, arguing: "It's critical they get it right."

NAD seeks waiver over $370m debt

The Nassau Airport Development Company (NAD) is asking its bondholders to waive critical debt servicing conditions following its credit rating downgrade, its chairman confirmed yesterday.

Financial services needs 'swashbuckling' reforms

A Bahamian financial services provider yesterday voiced doubts the Government-appointed Economic Recovery Committee (ERC) will propose the "swashbuckling" reforms needed to revive the sector.

Delayed hotel returns a 'tremendous blow'

Tourism operators yesterday admitted that the sector's proposed October 15 re-opening and value chain have been dealt a “tremendous blow” by major hotels deciding not to re-open.

Cruise chief: 2021 berth bookings up over pre-COVID

Nassau Cruise Port’s top executive says he remains hopeful the cruise industry may return with "very limited sailings" before year-end with 2021 berth bookings exceeding pre-COVID-19 levels.

Boy fatally hit by crossfire bullet: Youngster killed as police probe two women's murders

A CHILD was shot dead in Nassau Village last night after a gunman opened fire outside a residence, police said.

Foul play suspected as bodies of two women found in separate incidents

Police on Eleuthera and New Providence are investigating after the bodies of two women were found in separate incidents at the weekend.

Planning reforms to 'beat developer expectations'

The Town Planning Committee's chair has pledged to "exceed the expectations" of developers in streamlining the approvals process, adding: "Our compass is set on improvement."

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