business@tribunemedia.net
THURSDAY, NOVEMBER 16, 2023
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Retail’s extra ‘strain’ in Christmas run-up By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net BAHAMIAN retailers say downtown closures, and a longer wait to clear key stock, are imposing extra “strain” on the “make or break” Christmas shopping season that has assumed greater importance this year. Tara Morley, the Bahamas Federation of Retailers’ co-chair, told Tribune Business that most merchants are “hoping Christmas will be good” after many in the industry experienced “a summer season slowdown” attributed to the cost of living crisis, “astronomical” Bahamas Power & Light (BPL) bills and other factors. With the retail sector squeezed on both sides by the ‘double whammy’ of reduced consumer demand and higher operating costs, she added that the “increased” number of road closures related to events staged in downtown Nassau this year had
t .FSDIBOUT GSFU PWFS HPPET DMFBSJOH GPS GFTUJWF TBMFT t %PXOUPXO EJTSVQUFE CZ NPSF FWFOUT SPBE DMPTVSFT t A.BLF PS CSFBL NPSF WJUBMùBGUFS ATVNNFS TMPXEPXO ù created extra disruption for the area’s merchants by limiting consumer access. And, with the festive shopping season fast approaching, Ms Morley told this newspaper that “quite a number of merchants have reached
out to me expressing concern” about the extra time required to import goods that fall under duty exemptions - the likes of clothing and shoes - due to a change in clearance processes. Such inventory is now taking up to 14 days to clear and, given that Bahamian merchants have no control over the shipping industry or when overseas suppliers/manufacturers release their orders, several are now said to be fretting over whether stock will arrive in time for the Christmas shopping rush. Besides causing supply chain management woes, Ms Morley said the extended time and associated uncertainty over when duty-exempt goods will be cleared, has also created cash flow challenges. These are worsened if suppliers ship goods prior to payment, with Bahamian merchants allowed 30 days to pay, as up to 14 days - almost half that period - is lost
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DPM blasts ‘unacceptable’ Aliv, BTC dropped calls By FAY SIMMONS Tribune Business Reporter jsimmons@tribunemedia.net THE DEPUTY Prime Minister yesterday said the service quality provided by the Bahamas Telecommunications Company (BTC) and Aliv is “unacceptable” with their failings “difficult to comprehend”. Speaking at the Utilities Regulation and Competition Authority’s (URCA) digital transformation forum, Chester Cooper blasted both providers over the level and quality of communication services they offerl especially to Family Island residents. “As far as BTC and ALIV is concerned, we believe that you must find
CHESTER COOPER more ways to collaborate within the framework of what is possible within URCA’s guidelines to improve service delivery, most importantly, in the Family Islands,” Mr Cooper, also minister of
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Pilot ‘cannibalisation’ fear on Bahamasair By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net PRIVATE Bahamian airlines fear they will be “cannibalised” by Bahamasair poaching their best pilots to ease its cockpit shortage amid the ongoing impasse over raising the retirement age to 65. Anthony Hamilton, president of the Bahamas Association of Air Transport Operators, told Tribune Business that “a measure of this” is already occurring with the national flag carrier able to offer pilots “better benefits” due
to its multi-million dollar annual financial support from taxpayer subsidies. Arguing that Bahamasair needs “a proper comprehensive plan” to address its pilot needs, he added: “Where’s the feeder system for Bahamasair? That’ll be the domestic operators. In this kind of situation, the domestic operators suffer because pilots are attracted from them to Bahamasair by the benefits Bahamasair is able to offer. “What we have is a kind of cannibalisation taking place. There’s a measure of it already. The domestic
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‘Full probe’ demand on WSC chair resignation t 4BOET A#PY JT PQFOFE MFU T TFF XIBU T JO JU By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Opposition’s chairman last night demanded “a full investigation” into the resignation of the Water & Sewerage Corporation’s executive chairman, asserting: “You’ve opened the box so let’s see what’s in it.” Dr Duane Sands told Tribune Business that the Government should “let the chips fall where they may” over Sylvanus Petty’s departure as he hinted that other contract awards at the state-owned utility since the Davis administration took office should also come under scrutiny. The Prime Minister’s Office, in confirming that Philip Davis KC had asked Mr Petty to resign from his post, gave no explanation of the circumstances or rationale for the request
DR DUANE SANDS in its release. The resignation was accepted by acting prime minister Chester Cooper, and came after it was revealed last week that Mr Petty’s daughter had been given a contract with the Water & Sewerage Corporation. Mr Petty thus becomes the second successive Water & Sewerage Corporation to be ensnared in controversy, with his predecessor,
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