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Bahamas faces $2.7bn tourism shutdown loss

The Bahamas stands to lose $2.7bn in tourism revenues if the COVID-19 pandemic shuts down stopover visitors for the rest of 2020, Royal Bank’s (RBC) former top Caribbean economist is warning. Marla Dukharan, analysing the pandemic’s likely impact on

Businesses say - we’ll need a lot more

The Government was yesterday urged to "marry health with economics" to maximise the "phenomenal gesture" of its $60m bid to safeguard up to 10,000 jobs through tax credits and deferrals.

DPM: 'Govt running as fast as we can'

The deputy prime minister yesterday said the government was “running as fast as we can” to support Bahamians and the private sector with more than $100m in COVID-19 financial aid.K Peter Turnquest urged the private sector to have patience with the ne

Bahamas must 'keep economic patient alive'

The Fiscal Responsibility Council’s chairman yesterday said the Government needs to “keep the patient alive” and prevent the COVID-19 crisis from collapsing the Bahamian economy. Kevin Burrows told Tribune Business he felt the government has suffici

PETER YOUNG: Are we doing enough to prevent economy being left in ruins?

In writing further about the coronavirus crisis - now being called the greatest ever threat to the world in peacetime - I offer comment this week on the latest developments in Europe, including Britain, and here at home as well. The crisis affecting so many countries has become nothing short of a human catastrophe and the most serious global health challenge of our times. Its effects have also had a horrifying impact on the world economy and have disrupted modern society on an unimaginable scale.

INSIGHT: A delicate balance of minimising deaths without putting the whole country at risk

THE world, including The Bahamas, has been plunged into a state of fear, insecurity and uncertainty by the coronavirus epidemic. We congratulate our Prime Minister for taking the bold stand of setting up a curfew and restriction of movement in response to this national challenge. A leader must be informed, willing to take risks and, above all, able to exude calm. The Prime Minister fulfilled these three characteristics.

Joshua Dames gets offer from the Bulldogs

JOSHUA Dames has begun to garner attention from major Division I basketball programmes and received his first offer of what is expected to be an active recruiting process.

DPM: Bahamas faces 'deep, stark' recession

The deputy prime minister yesterday warned The Bahamas faces a “very deep and stark recession”, and urged it to brace for “major problems” if the COVID-19 crisis continues beyond summer.

Businesses fighting for survival

As the deadly coronavirus continues to impact nations all over the world, The Tribune spoke to citizens in the capital to find out how they were coping in the midst of the pandemic.

'Many will die if we don't take this seriously'

HEALTH Minister Dr Duane Sands warned yesterday if the country does not take the COVID-19 threat seriously, “many of us will die,” adding health officials are not certain when the fast-spreading pandemic will end.

Abaco: Back to ground zero

Abaco's Chamber of Commerce president yesterday said the island's post-Dorian recovery has been plunged "back to ground zero" by the COVID-19 crisis, adding: "We're on our own again."

PETER YOUNG: The whole world’s at war with an enemy within

The suggestion last week by English historian and author, Antony Beevor, that mankind may be facing a fundamental turning point over the deadly coronavirus may be regarded by many as a bit over the top – transformative for sure, but such an apocalyptic claim looks to be premature since no one knows with certainty how this crisis is going to develop. The seriousness of COVID-19 so far, with the latest figures showing it has infected more than 350,000 with over 16,000 deaths, makes me keen as a columnist to offer comment once again this week.

Tokyo Games ‘not going to start on July 24’

AS pressure continues to mount from athletes, member federations and healthcare professionals, one International Olympic Committee official gave the first indication that the 2020 Tokyo Games will be postponed due to the coronavirus COVID-19 outbreak.

Farewell to the Sun King, Sol Kerzner

FAMILY, friends and political figures paid tribute this weekend to hotel tycoon and Atlantis developer Sir Sol Kerzner, who died on Saturday at the age of 84.

Barbers and beauty salons fret over lockdown survival

Bahamian barber shops and beauty salons say they are trying to determine how they will pay the bills and survive after being placed on COVID-19 lockdown until month’s end.Adam Russell, Stylistic Barbers’ owner, told Tribune Business: “Right now I’m s

Retailer hails 'huge help' of govt lockdown change

A major Bahamian retailer has hailed the government’s decision to modify its “locked down” businesses list as “a huge help” both to its sector and the wider economy.Brent Burrows, vice-president of CBS Bahamas (Commonwealth Building Supplies), told T

$4.4bn economic blow: 'Playbook out window'

The coronavirus and Hurricane Dorian are threatening to deal The Bahamas an “unprecedented” $4.4bn blow, with the deputy prime minister revealing yesterday: “The playbook is out the window.” K Peter Turnquest, speaking to Tribune Business after reve

Economy facing $1bn bodyblow, Turnquest tells House

DESPITE a projected total economic fallout of as much as $1bn from the COVID-19 pandemic, the government has announced several relief measures for workers in the tourism industry who will be most affected by the virus’ global impact.

Dionisio has winning way

I make no secret of the fact that my favourite cabinet minister within the Minnis regime is the Hon Dionisio D’Aguilar (FNM-Free Town) our erstwhile Minister of Tourism & Aviation.

We must worry about the poor

The Federal Reserve took its rate to zero and additional $700 billion in stimulus on March 15, 2020. The Federal Reserve balance sheet will be at its peak of $4.5 trillion. This will be done by purchasing assets – in this case, $500 billion in Treasury securities and $200 billion in mortgage-backed securities. The purchases will begin right away, with $40 billion in purchases set to take place on Monday, March 16, 2020.

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