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Volume: 119 No.59, February 16, 2022
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THE PEOPLE’S PAPER: PRICE–$1
HOW FAIR ARE PRICES WE’RE HAVING TO PAY?
As inflation rises, stores facing question of how much margin they make By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net A FORMER Price Control Commission chairman says the inflation on goods has been compounded by a markup system that is not consumer friendly. In an interview yesterday, Danny Sumner said the government should pay keen attention to the markup on items in a way that lessens the blow to the consumer and allows vendors while allowing wholesalers to still make a profit. Mr Sumner is the most
recent PCC chairman and was released from his contract in December. Despite no longer holding the post, Mr Sumner said he remains concerned about the plight facing the average shopper. “The country has vendors in the United States and in Canada or wherever they purchase food items from,” Mr Sumner said. “The wholesalers then bring these items in and some of these items go directly to the food stores. Some food stores have local vendors here so a lot of the food stores purchase locally. SEE PAGE FIVE
WHILE COVID-19 cases and hospitalisations have declined since the start of the fourth wave, Health Minister Dr Michael Darville says the health system remains challenged and suggested no loosening of restrictions is imminent. He noted that in the first week of January there were more than 2,000 cases; last week there were about 120 cases reported. “This is definitely demonstrating that we’re moving
RECOMMENDATIONS on a minimum wage increase could be submitted to government “within a month”, Tribune Business was told yesterday, although a liveable version is “way down the road”. Peter Goudie, who heads the Bahamas Chamber of Commerce and Employers Confederation’s labour division, and is its representative on the National Tripartite Council, said it was impossible to determine whether an increase to $250 per week - as pledged by the government during the general election campaign will be the outcome until all research is completed. FULL STORY - SEE BUSINESS
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
in the right direction and we are still in the fourth wave, but we believe we are at the tail end,” he said before heading into a Cabinet meeting. “For us, restrictions are not just numbers based, restrictions are directly tied into what’s been happening at our tertiary institutions. “We still have some challenges at the Princess Margaret Hospital, the Rand Memorial Hospital and until we’re satisfied that a lot of the challenges that we currently face are SEE PAGE FOUR
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
DORIAN AND COVID COST BUSINESSES $7.5 BILLION
RESTRICTIONS REMAIN AS FOURTH WAVE DYING OUT By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
SUGGESTED MINIMUM WAGE JUST WEEKS AWAY
BUDDY BLITZ
COVID-19 and Hurricane Dorian will inflict a combined $7.5bn loss on The Bahamas, a United Nations agency is forecasting, “inhibiting social and economic development for years to come”. A report released yesterday predicts that the twin disasters have cost this nation a sum equivalent to 60 percent of its economic output. FULL STORY - SEE BUSINESS
BUDDY Hield hit top form last night with his new team, the Indiana Pacers scoring 36 points although it wasn’t to be enough. See PAGE 16 SPORTS for the full story.
HILTON COULD REOPEN IN TWO MONTHS By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
TOURISM, Investments and Aviation Minister Chester Cooper says the British Colonial Hilton has attracted a major international brand to support the property since announcing its closure earlier this year. His comment came yesterday, the day the Hilton made its staff redundant after deciding to cease operations.
THE HILTON in Nassau. Hilton’s director of operations Lynne Johnson told staff in a January letter that officials could not foresee steps to avoid closure, a
move that impacted more than 100 employees. Mr Cooper said based on the information he has received, the closure should only last about two months. “There has to be some renovations to the property,” Mr Cooper said yesterday. “We are advised that the property will close for renovations. We hope that this will be a short period of time.” SEE PAGE THREE
Nassau & Bahama Islands’ Leading Newspaper
ALICIA WALLACE: THE SIGNS ARE THERE - YOU JUST HAVE TO READ THEM
- SEE PAGE EIGHT