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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

Ayton: 'Respect us'

The Sacramento Kings finally got into the win column while the Phoenix Suns became the only 4-0 team in the NBA restart at the ESPN Wide World of Sports Complex in Orlando, Florida.

BTC suffers 15% revenue decline

The Bahamas Telecommunications Company (BTC) was not spared by the COVID-19 pandemic, it was revealed yesterday, as the carrier suffered a near-15 percent year-over-year first half revenue fall. Liberty Latin America (LiLAC), the ultimate parent for

WORLD VIEW: Climate change is killing the Caribbean one cut after another

AMID the feverish work to cope with both the public health and economic effects of COVID-19 on their populations, Caribbean governments can be forgiven for dropping their guard against the existential dangers posed by climate change.

Foreign reserves enjoy $200m restriction boost

The Central Bank’s governor yesterday said restrictions imposed on capital outflows have boosted the external reserves by $200m to-date, as he pledged: “Losing control of the peg is not an option.”John Rolle, unveiling the regulator’s economic assess

Gas station dealers eye 45-50% margin growth

Petroleum dealers want “at least a 45-50 percent” margin increase if gas stations are to remain open once the COVID-19 pandemic has come to an end. Vasco Bastian, the Esso station owner at East Street and Soldier Road, told Tribune Business : “We st

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