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VAT, business licence filings back to April 15
The government has pushed back the deadlines for March’s VAT filings and business licence fee payments until April 15, a senior official confirmed yesterday. Marlon Johnson, the Ministry of Finance’s acting financial secretary, told Tribune Business
Bahamian Garvin Clarke named league co-Player of the Year
GARVIN Clarke’s offseason began with several regional awards as the senior point guard was recognised for a standout year in Cleveland, Ohio.
DPM: Bahamas faces 'deep, stark' recession
The deputy prime minister yesterday warned The Bahamas faces a “very deep and stark recession”, and urged it to brace for “major problems” if the COVID-19 crisis continues beyond summer.
'Many will die if we don't take this seriously'
HEALTH Minister Dr Duane Sands warned yesterday if the country does not take the COVID-19 threat seriously, “many of us will die,” adding health officials are not certain when the fast-spreading pandemic will end.
Tokyo Games ‘not going to start on July 24’
AS pressure continues to mount from athletes, member federations and healthcare professionals, one International Olympic Committee official gave the first indication that the 2020 Tokyo Games will be postponed due to the coronavirus COVID-19 outbreak.
Farewell to the Sun King, Sol Kerzner
FAMILY, friends and political figures paid tribute this weekend to hotel tycoon and Atlantis developer Sir Sol Kerzner, who died on Saturday at the age of 84.
How my friend helped fulfill a dream for these islands
It is most difficult for me to accept that Sol Kerzner has died at the age of 84. I had the very good fortune of working with Sol from the day he assumed control and management.
Retailer hails 'huge help' of govt lockdown change
A major Bahamian retailer has hailed the government’s decision to modify its “locked down” businesses list as “a huge help” both to its sector and the wider economy.Brent Burrows, vice-president of CBS Bahamas (Commonwealth Building Supplies), told T
UPDATED: Sol Kerzner dies age 84, PM pays tribute to ‘pioneer in the resort industry’
Hotel tycoon, business magnate and Atlantis developer Sol Kerzner has died age 84.
$4.4bn economic blow: 'Playbook out window'
The coronavirus and Hurricane Dorian are threatening to deal The Bahamas an “unprecedented” $4.4bn blow, with the deputy prime minister revealing yesterday: “The playbook is out the window.” K Peter Turnquest, speaking to Tribune Business after reve
Economy facing $1bn bodyblow, Turnquest tells House
DESPITE a projected total economic fallout of as much as $1bn from the COVID-19 pandemic, the government has announced several relief measures for workers in the tourism industry who will be most affected by the virus’ global impact.
Bahamasair in schedule slash to contain losses
A Cabinet minister yesterday said Bahamasair is examining how to combine flights and slash schedules to contain losses that will inevitably “go up” amid the coronavirus pandemic. Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Bus
Wake up! 'There will be no tourists'
A Cabinet minister yesterday urged Bahamians to “grasp the simple yet inconceivable reality that there will be no tourists” visiting this nation for at least two to three months.Dionisio D’Aguilar, pictured, minister of tourism and aviation, sought i
We must worry about the poor
The Federal Reserve took its rate to zero and additional $700 billion in stimulus on March 15, 2020. The Federal Reserve balance sheet will be at its peak of $4.5 trillion. This will be done by purchasing assets – in this case, $500 billion in Treasury securities and $200 billion in mortgage-backed securities. The purchases will begin right away, with $40 billion in purchases set to take place on Monday, March 16, 2020.
Hilton give staff vacation 'option'
The British Colonial Hilton yesterday confirmed it has given staff the “option” of taking two weeks’ vacation leave as it joins Atlantis in seeking to reduce labour costs amid the coronavirus pandemic. Pablo Casal, the downtown Nassau resort’s gener
Exuma sports company struggling to break even
AFTER losing $96,000 through cancellations in the last two weeks, one Exuma businessman is considering the bright side of the country potentially shutting down over coronavirus concerns. “I would welcome a shutdown because it’s now cheaper for me to
Bay Street braces for 50% sales hit
Bay Street merchants yesterday revealed they are bracing for at least a 50 percent sales hit due to the 30-day cruise industry shutdown as several mull closures amid the coronavirus pandemic. Maria Liminatis, the Fashion Centre’s general manager, to
'Matter of time' before Atlantis unpaid leave is sector norm
The hotel union’s president yesterday said it was “only a matter of time” before other resorts follow Atlantis’s lead in asking staff to “volunteer” to take two weeks unpaid leave amid the COVID-19 crisis. Darrin Woods told Tribune Business that the
‘Right now, I think it’s more about the safety of the fans, players and coaches’
New Providence Basketball Association president James Price said they wholeheartedly agree with the Bahamas Government on suspending all local sporting activities until further notice.
Despite virus, Coleby and Japanese B-League resume play last weekend
DESPITE concerns expressed by several stakeholders affiliated with the Japanese B-League, Kadeem Coleby and the remainder of the league resumed play last weekend as the coronavirus COVID 19 outbreak continues.
