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Moody’s warn COVID impact will remain beyond 2024

Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.

MP: All natural resource earnings in sovereign fund

The Opposition’s finance spokesman yesterday backed the Government’s plan to create a sovereign wealth fund in principle, arguing that it should receive all royalty payments related to exploitation of this nation’s natural resources.

Baha Mar gets $2m severance pay nod

Baha Mar yesterday obtained Bankruptcy Court authorisation to pay almost $2 million in severance monies, with July 20 now seemingly set as the date that will determine the fate of several thousand employees.

Deandre Ayton grabs his 1,000th career rebound

DEANDRE Ayton continues to set franchise records for Phoenix in just his second NBA season.Ayton finished with 28 points, 19 rebounds in the Suns’ 117-108 loss to the Denver Nuggets at the Talking Stick Resort Arena in Phoenix, Arizona, on Saturday n

Prince Charles business owners seek compensation from government

BUSINESS owners in Prince Charles Drive have got together to get the government’s assistance in providing some form of compensation for their losses as a result of the New Providence Road Improvement Project.

80 SMES in Grand Bahama to benefit from grants programme

By DENISE MAYCOCK Tribune Freeport Reporter dmaycock @ tribunemedia.net SOME 80 small businesses in Grand Bahama that were affected by Hurricane Dorian will benefit from a grants programme to assist with reopening their businesses. A Small Busine

High office, retail demand for $250m PI development

The developer behind Hurricane Hole’s $250m revival has fully leased all the office space in phase one of its project together with 80 percent of the retail units, it has revealed. Sterling Global Financial said the Paradise Island-based development

Doctors chief: Non-COVID patient care ‘under threat’

Doctor’s Hospital’s top executive yesterday warned that care for non-COVID patients is “under threat” as pandemic sufferers drive bed occupancy levels at its main hospital to near 80 percent.

Sports Notes

THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.

$80m Baha Mar funds may have been ‘killed’

The $80 million financing facility created by Sarkis Izmirlian to cover Baha Mar’s Chapter 11 operating expenses may have effectively been ‘killed at birth’ by the outcome of yesterday’s Supreme Court hearing, Tribune Business can reveal.

Cable urges industry unity on URCA ‘budget travesty’

CABLE Bahamas is urging its rivals to join the battle against “this travesty in budget increases” for the sector’s regulator whose downtown Nassau headquarters it branded an “albatross”.

Another award win for Jonquel

Jonquel Jones claimed another league wide award and her Connecticut Sun won their 10th consecutive game to improve their league leading record to 22-6.

Briland rebound beats projection ‘by over 25-30%’

Harbour Island resort operators yesterday said the post-COVID tourism rebound has exceeded expectations by 25-30 percent, and added: “We’re still rocking and rolling.”

Heat score 17 straight late, rally past Suns 99-95

MIAMI (AP) -- Chris Bosh scored 29 points, LeBron James survived two scary falls and the Miami Heat used a 17-0 fourth-quarter run to erase a 10-point deficit and beat the Phoenix Suns 99-95 on Tuesday night for their 14th straight home victory. James fini

Athletes make cut for CAC Jr Championships

WITH a little help from ‘Golden Knight’ Demetrius Pinder on Saturday at the Fritz Grant Invitational, Ashley Riley surged to victory in the open men’s 800 metres, joining a list of qualifiers for the Central American and Caribbean Junior Championships.

Knowles-Tener gets ready for NFL Draft

After he completed his collegiate eligibility, Rondre Knowles-Tener now has his sights set on the National Football League and that journey began in earnest with a showcase of some of the best prospects from Football Championship Subdivision (FCS) programmes.

Dames sets background to reality of murders

NATIONAL Security Minister Marvin Dames said murders are down 21 percent while overall crime is down seven percent compared with this time last year, two of many figures he announced during a data-heavy budget speech in the House of Assembly yesterday.

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