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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
Ayton and Suns off to hot start, ‘buddy’ and Kings struggle
Deandre Ayton got his Phoenix Suns off to a hot start while “Buddy” Hield and the Sacramento Kings struggled early on the opening weekend of the NBA restart in Orlando, Florida.
EDITORIAL: Crime leaving residents still feeling aftermath of hurricane
IN the aftermath of Hurricane Dorian, crime was a major concern for residents of Abaco. There were fears over looting, fears over inadequate policing with officers not going out at night with no power meaning no lights on the streets.
Just 1,300 enrol for BPL late bill plan
Some 90 percent of Bahamas Power & Light (BPL) customers facing disconnection last night remained in danger of having their electricity cut-off as the utility seeks to recover a $46m debt.
Bahamas First closes $4.28m premium 'gap'
Bahamas First’s top executive yesterday said the insurer has largely closed a $4.276m premium income “gap” that opened towards the 2020 first quarter end due to the COVID-19 lockdown. Patrick Ward, the property and casualty underwriter’s president a
Restart ready
Following successful debuts in their return to basketball, Deandre Ayton’s Phoenix Suns and Buddy Hield’s Sacramento Kings gear up for a playoff push and a race for the final spot in the Western Conference when the NBA officially restarts its season.
Real estate president clarifies market's state
The Bahamas Real Estate Association (BREA) yesterday waded into the mixed assessments of the industry’s strength following its emergence from COVID-19 lockdown. The association moved to bring context and perspective as some brokers, agents and firms
'Interference' slashes BDB bad debt recovery to 50%
“Interference” in loan recoveries has made it extremely challenging for the Bahamas Development Bank (BDB) to claw back even 50 percent of its credit losses, international consultants have revealed. Canada-based International Financial Consulting (I
Fidelity 'holding our own' on $7.5m half-year profit
Fidelity Bank (Bahamas) incoming chief executive will tomorrow unveil $7.5m in 2020 half-year profits as evidence the bank is “holding our own on the bottom line” despite COVID-19. Gowon Bowe, who will replace Tom Hackett and be appointed to the BIS
ALL arrivals must quarantine for 14 days
The government last night expanded the 14-day mandatory COVID-19 quarantine to visitors arriving by boat and private plane in what was branded a “one size fits all” approach.
INSIGHT: Sharks skirting on the edge of wipeout but not in our waters
New research from Global FinPrint, headed by researchers at Florida International University (FIU), has concluded that sharks are absent from many reefs around the world and has deemed the species, “functionally extinct”. The good news is The Bahamas is not in that count as it is one of the few countries that still has a healthy shark population.
Small business faces $748m 'financing gap'
Bahamian small and medium-sized enterprises (SMEs) face a “financing gap” that could be as large as $748m, the Bahamas Development Bank’s (BDB) transformation plan estimates. The report, a copy of which has been seen by Tribune Business , suggests t
'Only 20% qualifying for average mortgage'
Just 20 percent of Bahamians are able to service and qualify for an “average” mortgage, the Bahamas Development Bank’s (BDB) strategic transformation report estimates.Canada-based International Financial Consulting (IFC), in a document tabled in the
'No surprise' if NIB pays out $100m
A Cabinet minister yesterday said he will “not be surprised” if the National Insurance Board (NIB) ends up paying out $100m in benefits to Bahamians as a result of the COVID-19 pandemic. Brensil Rolle, minister of the public service and national ins
‘Buddy’ scores team high 19 off the bench in loss
Chavano “Buddy” Hield showed little signs of rust in his return to action as the Sacramento Kings made their debut in the NBA 2019-20 season restart.
Bay Street sees 80% income loss extended longer
Eighty percent of the spending that kept Bay Street afloat has dried up via a cruise industry shutdown just extended to October 1, the Downtown Nassau Partnership’s (DNP) co-chair has revealed. Charles Klonaris told Tribune Business he does not fore
