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Hurricane Hole developer's new $352m project
Hurricane Hole developer’s has received initial approval for a $352.2m development on Matt Lowe’s Cay that promises a desperately-needed boost for Abaco’s Dorian-ravaged economy, it was revealed yesterday. Dr Hubert Minnis, in his contribution to th
Bahamas ‘obvious target’ for hackers
Attorneys yesterday warned the latest Registrar General’s Department hack shows the government “cannot get away” with any IT system deficiencies, adding: “We’re an obvious target.”
HACKERS STRIKE AT GOVT SYSTEM: Russians and Bulgarians behind cyber raid on key banking and personal data
The Government is "betwixt and between" over the Registrar General's Department's cyber security woes after being forced to again shut down its online database following fresh hacking attempts.
'Full transparency' urged on North Andros projects
The North Andros Chamber of Commerce’s president is calling for “full transparency” over the three investment projects targeting the area while warning residents against “rushing to judgment” over their merits. Darin Bethell, in a statement sent to
EDITORIAL: Andros projects show our potential
LIKE buses, it seems you wait forever for a project in Andros, and then three come along at once.
‘Pure insanity’ if Andros investor ignores Freeport
A prominent QC yesterday argued it would be “pure economic insanity” if the government permits a US billionaire philanthropist to develop a free-trade zone on Andros instead of basing his project in Freeport.
Insurer: Dorian causes largest vehicle losses
Bahamas First says Hurricane Dorian’s devastation caused its “largest motor vehicle” loss ever with 538 claims producing gross losses of more $6m in that business category.The property and casualty insurer’s 2019 annual report adds that while most of
Minister Rolle: ‘I’m just not the type of mother that has favourites’
LIKE a mother with three children, Minister of Youth, Sports and Culture Lanisha Rolle said her triple portfolios will be treated the same in the allocation of funds.
Bahamas First fights off IT system hackers
A major Bahamian insurance company has revealed it almost fell victim to computer hackers “during the height” of the COVID-19 pandemic’s lockdown. Bahamas First, the property and casualty underwriter, revealed in its just-released 2019 annual report
Ministers hails 'unprecedented' $140m social protection net
A Cabinet minister yesterday hailed the 2020-2021 Budget’s expanded $140m social safety net as “an unprecedented measure for an unprecedented time”. Frankie Campbell, minister for social services and urban development, told the House of Assembly dur
Doctors Hospital in 'second record' before COVID-19
Doctors Hospital says a 30.4 percent cut in losses at its Blake Road facility, combined with increased patient revenues, drove a “second consecutive year of record” financial results during the 12 months to end-January. The medical services provider
Turnquest defends budgeting policy
DEPUTY Prime Minister and Minister of Finance Peter Turnquest said government debt under the Minnis administration has increased by $977 million since taking office. He was speaking during the start of the 2020/2021 budget debate yesterday and was r
Wilson sets sights on COVID ‘fails’
A Bahamian insurer’s parent is targeting companies struggling to rebound from COVID-19, its chairman has revealed, after its corporate structure provided a $2.33m buffer against Hurricane Dorian claims payouts.
Bahamians urged: Abandon foreign investor 'xenophobia'
Bahamians must abandon their “xenophobic and schizophrenic” attitude towards foreign investors if the economy is to survive the devastation inflicted by COVID-19, a prominent doctor warned yesterday.Dr Johnathan Rodgers, pictured, the “eye doctor” an
Analyst: VAT hike to 15% 'inevitable'
A leading financial analyst says a VAT rate hike to 15 percent is “inevitable” within two years of the next election as he called for a shift to a more progressive system via personal and corporate income tax.Anthony Ferguson, CFAL’s principal, speak
'No justice, no peace': Protests resume in NYC for 4th day
NEW YORK (AP) — New York City officials were looking for a peaceful way forward as the city entered a fourth day of protests against police brutality that have left police cars burned, and led to the arrest of hundreds of people.
Colina in $2.3m loss as COVID-19 bites
A BISX-listed life and health insurer yesterday disclosed that ordinary shareholders suffered a $2.3m net loss for the 2020 first quarter as COVID-19’s economic impact started to bite. Colina Holdings Bahamas, the parent company for Colina Insurance
Economy's shrink to exceed $1.3bn deficit
The Bahamian economy will this year shrink by a greater amount than the government’s projected $1.3bn deficit for the upcoming 2020-2021 fiscal year, the deputy prime minister revealed yesterday.K Peter Turnquest, unveiling the 2020-2021 budget in th
PLP slams 2020/21 Budget
THE Official Opposition yesterday slammed the measures outlined in the Minnis administration’s 2020/2021 budget to aid the country’s economic recovery amid the COVID-19 crisis, branding it as “the worse budget communication in living memory.”
THE BUDGET: Govt revenues set for $900m drop, tax relief measures introduced
DEPUTY Prime Minister and Minister of Finance Peter Turnquest revealed today that there will be a $900m drop in government revenues resulting in a national deficit of $1.3 billion by June next year, brought on by Hurricane Dorian and the COVID-19 pandemic.
