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'Everything spins' on founder finding for $400m project
Sir Franklyn Wilson says "everything spins" on how quickly the Jack's Bay project can find 40 "founder" investors to kick-start its next expansion phase following Friday's Heads of Agreement signing. Making an impassioned plea for "everyone in Eleut
Dive 'institution' closed over $9m court award
A 55 year-old Bahamian diving "institution" has been forced to permanently close its doors with the loss of 15 full-time jobs after a $9m judgment was enforced against it over a customer's drowning. Matthew Whiteland, owner of Bahama Divers, which w
PETER YOUNG: Extremists have stolen the BLM banner and could end up giving Trump a lifeline
Watching on Thursday evening last week the concluding proceedings in the grounds of the White House of the four-day Republican National Convention, the hour was late and bedtime called.
Foreign reserves take $45m hit, the Central Bank reports
The Central Bank says foreign reserves contracted in the month of July by $45m and will continue to fall on the back of weak tourism demand as they also forecast the economy will continue on this path for the reminder of the year.
National debt reaches $8.24bn
The Ministry of Finance has revealed that the national debt has ballooned to $8.24bn for the fiscal year 2019/2020 in its fourth quarter fiscal snapshot. This places government debt at 68.4 percent of GDP, up from $7.527bn in fiscal year 2018/2019.
Fiscal deficit soars 259%
The government’s deficit widened by 259 percent from last year’s $788m, the Ministry of Finance has revealed.
Treasury revenues slumped 55% in year's final quarter
THE COVID-19 pandemic has contributed to a 55.2 percent contraction in receipts across taxed industries, according to the Ministry of Finance’s budgetary performance report for the fourth quarter of the 2019/2020 fiscal year.
Hardship sign: Incoming wire transfers 'doubling'
The Bahamas is no longer "a sending country" for international wire transfers, money transmission providers revealed yesterday, with incoming transactions "doubling" due to COVID-19 hardship. Harvey Morris, Omni Financial Group’s chief executive, to
Colina suffers 96% fall on investment income
A BISX-listed life and health insurer has revealed that 2020 first-half profits were down $3m year-over-year after its investment income plummeted 96 percent due to COVID-19's impact. Colina Holdings (Bahamas), the parent of Colina Insurance Company
Ms Kelly should retract
Catherine Kelly, in a recent column, obviously thought she was dispensing good natured business advice that would help us during the pandemic-forced shut-down of our tourism economy.
Bulk property tax discount 'win-win'
The Government can "get an immediate cash injection" worth potentially hundreds of millions by implementing a series of discounts for bulk real property tax payments, a prominent realtor said yesterday.
Banks told: Don't take benefits to repay loans
The Central Bank yesterday said it has ordered commercial banks and credit unions not to use clients' COVID-19 unemployment benefits to repay loan facilities.
'Substantial appetite' anticipated for visa despite Barbados lag
The Economic Recovery Committee’s co-chair yesterday predicted there will be “substantial appetite” for The Bahamas’ proposed annual work/study visa even though it lags rivals such as Barbados. Marlon Johnson, who is also the Ministry of Finance’s a
Ayton and Suns miss out on Western play-in game
Deandre Ayton and the Phoenix Suns will miss out on the Western Conference “Play-In” game, despite a late run at the postseason that became a captivating storyline of the NBA restart.
Decision Day for Ayton and Suns
THE outcome of Deandre Ayton and the Phoenix Suns’ potentially historic run at the NBA playoffs will be decided tonight on the penultimate day of the NBA’s seeding games.
COVID alcohol bar cuts Brewery revenue 48%
Commonwealth Brewery has disclosed that the COVID-19-related bar on alcohol sales slashed its 2020 second quarter revenues by 48 percent year-over-year, dropping it to a $3.16m first half net loss.
SIX STRAIGHT: Ayton and Suns in win column again
The Phoenix Suns had some nervous moments early on with Deandre Ayton on the sidelines but were able to right the ship and keep their undefeated streak alive in the NBA bubble.
INSIGHT: We’re in a war and we’re losing - we need to bury petty differences and work together
THERE is no doubt our initial success in warding off COVID-19 was merely a test run. Indeed, we are in the thick of things as we may have overestimated our ability to open the country with cases surging in the United States.
Stick to what you know and don't deal in rumour
There’s a video on YouTube and Facebook of a Gulf stream G650ER leaving the Lynden Pindling International Airport several days ago.
Insurer expands to US Virgin islands
A Bahamian insurer has expanded into the US Virgin Islands (USVI) to further its goal of reducing reliance on this nation to just 60 percent of its total business portfolio.Anton Saunders, RoyalStar Assurance’s managing director, told Tribune Busines
