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DOUBLE DIP: COVID fallout sees two-point downgrade
The “extraordinary beating” inflicted upon the tourism industry by COVID-19 was critical in Moody’s decision yesterday to strip The Bahamas of its ‘investment grade’ credit rating, the deputy prime minister says.
DPM confident over beating $1.3bn deficit
The deputy prime minister yesterday voiced optimism that the government will beat its $1.327bn fiscal target for the upcoming 2020-2021 fiscal year as he reassured that The Bahamas’ debt burden is not yet “unbearable”.
Time to end provisions
The Prime Minister announced on 19th March, 2020, that he was invoking the provisions of Article 29 of the Constitution to decree a proclamation of emergency under which a number of emergency regulations and orders have been legislated to address the crisis arising from the Corona Covid-19 virus. The emergency regulations and orders put in place a number of measures such as a twenty-four curfew, a complete lockdown on weekends as well as limits on the number of persons who can gather in one place and imposed a 6ft physical distancing requirement on gatherings.
STATESIDE: Love him or loathe him, Trump’s far from beaten and could easily win a second term
What a mess. We’re just over four months away from a pivotal presidential election in the US - and what do we see?
Minnis reveals COVID trends at virtual meet
PRIME Minister Dr Hubert Minnis said 50 percent of COVID-19 patients who have required hospitalisation had one or more comorbidities. This contrasts with the 29 percent of patients without comorbidities who required hospitalisation.
BTC, Cable fees '150 times' more' than US access
A niche provider says wholesale direct Internet access (DIA) rates charged by The Bahamas’ two telecommunications giants are “in excess of 150 times” greater than comparable US prices and squeezing out competition.Theofanis Cochinamogulos, chief exec
Small business loans slow with $50m requests
Applications for the government’s COVID-19 small business recovery loan have collectively sought double the $25m initially allocated for the programme, it was revealed yesterday.Davinia Grant, the Small Business Development Centre’s (SBDC) director,
Cruise tourism jobs 'simply evaporated'
A Cabinet minister yesterday conceded all cruise tourism-dependent jobs have “simply evaporated for the time being” as he revealed that one major line suggested the industry might not relaunch until mid-November.Dionisio D’Aguilar, minister of touris
Economic zone to expand
PRIME Minister Dr Hubert Minnis announced yesterday that New Providence’s economic empowerment zone will be expanded to now include Englerston and Montel Heights, expanding access for some to tax concessions. “This zone will now extend south past Wu
Miller ‘was one of the most outstanding fighters in our history’
FORMER boxing champions Patrick ‘the Centreville Assassin’ Strachan and Arthur Buchanan, along with the Progressive Liberal Party, joined those who remembered national boxing/cycling legend Leonard ‘Boston Blackie’ Miller.
ACTIVTRADES: Is a conflict between the USA and China inevitable?
Thucydides was one of the greatest Greek historians of the classical era. He wrote The History of the Peloponnesian War, an eight-volume treaty recounting the conflict between Athens and Sparta, in the 5th Century BC. Sparta, the dominating power at
Ex-US diplomat in 25,000 acre Andros venture
A $5m commercial faming venture that involved a former US ambassador to The Bahamas was yesterday identified as one of three competing investment proposals targeting North Andros.Documents obtained by Tribune Business name Ned Siegel, an ex-US ambass
FRONT PORCH: How privilege blinds us from seeking justice and equality
“The past is the present, isn’t it? It’s the future, too. We all try to lie out of that but life won’t let us.” - Eugene O’Neill’s Long Day’s Journey into Night
North Andros ‘10,000 jobs’ proposal
A US-based billionaire is behind a proposed North Andros “free trade zone” that aims to create up to 10,000 construction jobs over the project’s lifetime, it was revealed last night.
COVID testing change may hit tourist opening
A Cabinet minister yesterday conceded that maintaining the existing COVID-19 testing requirements for tourists entering The Bahamas could negatively impact both travel decisions and hotel re-openings.Dionisio D’Aguilar, pictured, minister of tourism
US wants share of overflight revenues
The US has “indicated they want a piece of the pie” if The Bahamas starts charging airlines for flying through its national airspace, a Cabinet minister revealed yesterday. Dionisio D’Aguilar, minister of tourism and aviation, confirmed that the US
Govt alters course on tourist COVID testing
The government yesterday reversed course on its COVID-19 tourism protocols by announcing that all visitors must produce evidence of negative PCR swab tests to enter The Bahamas from July 1. Dionisio D’Aguilar, minister for tourism and aviation, told
Contractor’s part win over bungled BTC agreement
A bungled contract triggered a dispute that resulted in the Bahamas Telecommunications Company (BTC) being ordered by the Supreme Court to compensate an independent contractor for four months of work.
PETER YOUNG: No country should forget about its past nor allow lawlessness to run free
It comes as no surprise that in Britain increasing numbers of people are genuinely shocked that protests in London and other cities about racism and police brutality across the Atlantic have turned into an attack on their own country’s history and culture.
ISLANDS TOLD: DRAW UP EVACUATION PLAN – Search for shelters goes on but families may have to leave
THE National Emergency Management Agency says evacuation plans should be considered this hurricane season for Central Abaco, Grand Bahama, Salina Point in Acklins and Spanish Wells in Eleuthera.
