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WORLD VIEW: Haiti at the tipping point of becoming fully hostage to criminals
HAITI continues to occupy the concerns of nations around the world, especially its closest neighbouring states.
Jones posts double in Foxes’ victory
FOLLOWING a break in competition for national team play at the FIBA Eurobasket 2021 Qualifiers, Jonquel Jones and her UMMC Ekaterinburg Foxes began FIBA Euroleague play this week and continued their dominance in the region.
UPDATED: Four confirmed Zika cases in New Providence
THE number of confirmed Zika cases in New Providence has increased to four, officials announced yesterday during a press conference at the Ministry of Health.
Sports in brief
THE New Providence Volleyball Association continued its regular season at the Donald Davis Gymnasium on Wednesday night.
Near $200m energy saving from natural gas switch
The Bahamas would realise between $172-$186 million per annum in “net savings benefits” if it switched to natural gas as its main energy generation source, with this nation’s electricity system costs the highest in the Caribbean.
Atlantis occupancies at 50% as virus bites
Atlantis yesterday revealed that normally-buoyant occupancy levels for the peak winter period have fallen to 50 percent as “tourism and commerce grinds to a halt” amid the coronavirus pandemic.A spokesperson for the Paradise Island-based mega resort
ALFRED M SEARS, QC: We need to build a safe and prosperous future for The Bahamas
Hurricane Dorian’s $3.4 billion loss has decimated 27 percent of the GDP of The Bahamas making it impossible for the country to make its budgeted $340 million debt servicing on the $8.4 billion outstanding national debt.
Households in poverty grow 83% in 4 years
Bahamian households living below the $5,000 poverty line increased by 83 per cent between 2007 and 2011, an Inter-American Development Bank (IDB) report warning that “dramatic income deterioration” has driven this number well above 5,000.
Landfill operator eyes tight ‘break even’ goal
Renew Bahamas yesterday said it will have to export 10-12 containers of recycled materials daily from the New Providence landfill to “break even” and recoup its $8 million investment.
VAT to hit CIBC operating costs
CIBC FirstCaribbean believes the factors that drove a 74.8 per cent first quarter profit increase will remain present throughout 2015, even though Value-Added Tax (VAT) will grow its Bahamian subsidiary’s operating expenses.
Moody’s now challenges Govt over debt ratios
Moody’s is now questioning another key fiscal projection by Prime Minister Perry Christie’s government, warning that the Bahamas’ uncertain outlook makes it hard to forecast how high - and when - the debt-to-GDP ratio will peak.
Summit scales peak in 72% profit growth
A Bahamian insurer believes it will be “challenging” to repeat a 2015 performance which saw its net income increase by 72.3 per cent year-over-year.
Education reform still a 'critical endeavour'
In a rapidly evolving world where information is readily accessible, the ability to think critically has become an indispensable skill.
$30m investment set to aid 25,000 Bahamians
Some 25,000 Bahamians and 150 small and medium-sized enterprises (SMEs) are projected to benefit from a $30m investment to unlock the country’s ‘blue economy’ potential and enhance coastal protection.
Gov’t boost from moody’s $44m deficit miss forecast
MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.
PETER YOUNG: The rescue and the rebuild need a strong hand at the helm
So much has been written already about the catastrophe of Dorian that it is hard to find further words to describe its deadly effects and the horrors inflicted on people in Abaco and Grand Bahama. The destruction and loss of life is almost beyond belief and the extent of the suffering unimaginable. So it is heartening that the worldwide publicity has produced an extraordinarily positive response from other countries and that an international humanitarian aid operation is now under way.
BUSINESS BITES: Joplin recovered from tornado - so can we from 2019 Dorian?
In the Tornado Alley states of the USA, tornadoes, large and small, are too frequent to be named. Only the worst are identified for the official records — like Joplin in 2011.
Bahamians warned: 'Brace' for 15-20% premium rises
Bahamian businesses and households were yesterday warned to “brace” for insurance premium increases of up to 15-20 per cent as a result of the 2017 hurricane season.Property and casualty insurers warned of potentially “significant” rate increases as
Don't 'continually' hike VAT for fiscal escape
The government “cannot continually” use VAT hikes to solve its fiscal woes, a top accountant is warning, describing its rising debt servicing and unfunded pension costs as “worrisome”.
CIBC deal positive if 'breaks up the cartel'
An ex-Central Bank governor yesterday said the proposed acquisition of CIBC FirstCaribbean could be positive for the Bahamian economy if it “breaks up the cartel” in the banking industry.James Smith, pictured, told Tribune Business that the Colombia-
