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The corned beef and grits Budget

It is clear that the trio in charge of the Ministry of Finance has been forced to come up with a corned beef and grits 2021-2022 budget. If this is the best that they are able to come up with, God help us. It is conceded that taxes have been held at bay but that there is no real wiggle room for critical infrastructure and people development.

Oil explorer: We’ve got tourism, fishing covered

A Bahamas-based oil explorer yesterday reassured that the insurance coverage for its first well will cover any tourism or fisheries losses “in the highly unlikely event” of any spill or environmental impact.

UPDATED: Hurricane Dorian could intensify into Category Four storm

HURRICANE Dorian could intensify into a “very damaging” 156mph Category Four storm that lingers for hours in the Bahamas, according to AccuWeather senior meteorologist Dan Kottlowski Thursday.

IMF calls for harsher Bahamian austerity

The International Monetary Fund (IMF) yesterday warned that the Government must impose harsher austerity measures on the Bahamian people to hit its 50 percent debt-to-GDP target by 2030.

Small business faces $180m 'finance gap'

The Bahamas faces a $180m “finance gap” in providing capital to small businesses, the Inter-American Development Bank (IDB) has revealed, as its project covers just 17 percent of demand. The multilateral lender, in documents detailing its $25m initi

Shockers rout Marines 117-91 Giants down Rockets 100-88

THE Real Deal Shockers routed the Defence Force Marines 117-91 and the Commonwealth Bank Giants knocked off the Pyramid Food Rockets 100-88 on Wednesday night as the New Providence Basketball Association continued its regular season at the AF Adderley Gym. Here’s a summary of the double header:

Regulators top Pros, Elites beat Stampers

THE New Providence Basketball Association continued its regular season action at the AF Adderley Gymnasium on Monday night with the Elites Basketball Club and the Leno Regulators winning the double header.In the opening game, the Elites Basketball Cl

Mingoes shot down by Rockets

THE University of The Bahamas Mingoes men’s basketball team lost to the Discount Distributors Rockets for the second time this season 88-81 Wednesday night at the CI Gibson Gymnasium.

Munnings and Oliveirense even quarterfinals series

TRAVIS Munnings and his UD Oliveirense club evened their Liga Portuguesa de Basquetebol (LPB) quarterfinals series in thrilling fashion.

Miller: BEC manager’s sale ‘very interesting’

The Bahamas Electricity Corporation’s (BEC) former executive chairman yesterday described the impending acquisition of its newly-appointed manager as “very interesting”, arguing that the deal with the Government could have boosted its sales value.

Govt ‘not doing what is needed to stop economic bleeding’

FREE National Movement Chairman Michael Pintard yesterday blamed the increase in the country’s unemployment rate on “poor governance” from the Christie administration and a lack of “outrage among these government officials about the level of suffering that their people are facing”.

REACH stretched to last dollar, Sure Win steps in

WITH $1 in the bank, REACH – the organisation that is the lifeline for children with autism, their parents, teachers and caregivers – was on the brink of falling off a financial cliff when benefactors Sure Win stepped in.

Mitchell in talks in US to clarify immigration ‘misconceptions’

FOREIGN Affairs and Immigration Minister Fred Mitchell said he expects to hold discussions with two major international organisations in Washington, DC, next week to clarify “misinformation” about the government’s controversial new immigration restrictions.

Disaster before fiscal rebound Tax Coalition chief's greatest fear

By NEIL HARTNELL

Rumour has it

ActivTrades

The ups and downs in the international markets continued last week. Robust economic data fuelled concerns about interest rates but, at the same time, consumer activity remained strong. This created a dilemma for many investors.

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