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DOUBLE DIP: COVID fallout sees two-point downgrade

The “extraordinary beating” inflicted upon the tourism industry by COVID-19 was critical in Moody’s decision yesterday to strip The Bahamas of its ‘investment grade’ credit rating, the deputy prime minister says.

Commission forces Benchmark into broker 'guarantee'

BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.

Venture fund sees loan repayments drop 16%

The Government-sponsored venture capital fund has seen loan repayment sums fall by up to 16 percent due to the COVID-19 pandemic's devastating impact on clients who received debt financing.

NPBA playoffs: Bucket stop Eagles Nest 98-91, Regulators top Rockets 100-97

THE New Providence Basketball Association continued its first round best-of-five playoff series with another double header at the AF Adderley Gymnasium over the weekend.

The log of Tapscott and Widdicombe

THE story of Tapscott and Widdicombe is written in “the suffering and uncomplaining courage, the indomitable spirit, the unconquerable will to live of the seven sole survivors of this dark incident in a black war on a dense, starless night,” The Tribune wrote in November 1940.

Christie defends Joaquin response

PRIME Minister Perry Christie yesterday revealed a staggering assessment outlining the damage Hurricane Joaquin brought to the southern Bahamas last week, as he defended government officials’ handling of the storm from strong criticism.

‘Tum Tum’ embraces the role of floor general in season opener

NCAA basketball season is officially underway and Bahamian players were among the few in opening weekend action throughout several Division I conferences on the hardwood.

Health broker elimination is ‘totally crazy’

The Bahamas Insurance Brokers Association’s (BIBA) president yesterday branded plans by the Government’s National Health Insurance (NHI) scheme to eliminate them, and their value-added role, as “totally, totally crazy”.

‘New BEC’s’ solar Out Island focus

The Bahamas Electricity Corporation’s (BEC) new manager yesterday promised that solar energy would be integrated into its generation solutions, with the Family Islands likely to prove especially fertile ground.

Sweet victory

The 2016 season got started with Hyo Joo Kim winning her third career title in a keenly contested finish in the fourth Pure Silk Bahamas LPGA Golf Classic on Sunday.

Advisers acknowledge ‘scepticism’ over NHI

The Government is hoping to enroll 65 per cent of Bahamians in the National Health Insurance (NHI) scheme by April 2016, although its main advisers acknowledged the “scepticism” surrounding any commercial venture run by the public sector.

Mid-Year Budget mum on $1.5bn ‘titanic iceberg’

A top accounting firm yesterday said the Government’s mid-year Budget statement had effectively ignored the growing $1.5 billion public sector pension fund deficit, despite projections showing it will hit “unsustainable” levels within less than 10 years.

Agent join mentor's firm

Mario Carey still remembers the first time he met Prince Lewis. He was a curly-headed child, not quite six years old, holding a book nearly as big as he was.

Celebrating nurses after battling the pandemic

GRAND Bahama nurses were praised for their resilience and contributions to global health in the last three years during the official opening of Nurses Month in Freeport on Monday.

$1BN BLACK HOLE OF UNPAID TAXES: Inland Revenue reveals scale of outstanding arrears by Bahamians

The Government’s top revenue agency yesterday revealed that “unacceptable non-compliance” by Bahamian taxpayers had resulted in the build-up of $1bn in outstanding tax arrears that it was now aggressively pursuing.

Commissioner ‘frustrated’ by court system problems

POLICE Commissioner Clayton Fernander says he’s frustrated by the court system, as he recounted how a man was out on bail within days after his arrest for possession of a weapon on two separate occasions.

Giants are NPBA champions

THE Commonwealth Bank Giants and Your Essential Store Giants are the 2023 New Providence Basketball Association (NPBA) division one and two champions. The pair of Giants wrapped up the last game of their series this past weekend at the A F Adderley Gymnasium.

The Tribune

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