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Debt gobbles up 27% of Budget

MORE than 27 per cent of the Government’s total recurrent spending in the 2017-2018 Budget is going towards repaying principal or interest on the Bahamas’ $7 billion-plus debt mountain.

Go-ahead for 82% of Abaco small firm loans

Some 82 percent of $4.5m in loan and grant applications from Abaco entrepreneurs is in the pipeline for distribution, the Small Business Development Centre's (SBDC) executive director said yesterday.

French Leave developers eye 'quiet opening' in November

DEVELOPERS behind Eleuthera’s French Leave Resort and Marina say that they hope to have a “quiet opening” this November with the launch of four cottages and several amenities, adding that investment in the project to-date was approaching $8m.

Collie: It’s time to ring the bell

FREE National Movement Chairman Sidney Collie yesterday urged Prime Minister Perry Christie to “ring the bell,” insisting that voter registration numbers now indicate that the electorate is “ready and prepared to make their choice.”

Knicks rally to beat Buddy Hield and Pacers for 7th straight victory

INDIANAPOLIS (AP) — Jalen Brunson scored 30 points, Julius Randle made six free throws in the final minute and the New York Knicks beat the Indiana Pacers 109-106 yesterday for their NBA-best seventh consecutive victory. The 19th and final lead change came in the final minute, when Randle made two foul shots with 45.6 seconds remaining for a 105-104 lead. After the teams exchanged turnovers, Randle hit four more free throws in the final two possessions. The Pacers missed a shot from just inside half-court at the buzzer. Buddy Hield and Aaron Nesmith each had 23 points for Indiana. Tyrese Haliburton and Bennedict Haliburton each added 15.

Breezes High Flyers top Aliv 95-86

THE New Providence Basketball Association got its best-of-five semi-final playoffs started at the AF Adderley Gymnasium over the weekend and there were no surprises in the outcome of the games played.

BEC preferred bidder to Gov't 'within week'

The Government should “within the next week” receive recommendations as to who the preferred Bahamas Electricity Corporation (BEC) bidder(s) should be, Tribune Business was told yesterday.

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.

‘Taxes will increase to cover debt’

A leading Bahamian banker has warned that taxes will "increase significantly" to pay for the Government's COVID-19 spending, leaving individuals and businesses left with less money "for quite a while".

No ‘great panic’ on deficit run-up

The government’s first-half fiscal deficit is no cause for “great panic” despite being equal to 73.4 percent of the full-year target, a top accountant argued yesterday.

Reformer says 'it's not a one pill cure'

The Bahamas will take “at least a decade” to escape its fiscal crisis, a governance reformer warning: “It’s not a one pill cure”.

Bahamas selects 'most fraught' model for BEC

By NEIL HARTNELL

Pirates rout Pros, Buckets top Eagles Nest 95-78

CARO Contractors Pirates and Aliv Buckets came away with victories in the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Monday night.

Cable: 'We've satisfied all of our obligations'

Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.

INSIGHT: Crime prevention is no mystery, just follow expert advice

Drawing on his experience of a career in policing and private security, Paul Thompson offers advice on how the pubic can stop themselves from becoming victims of crime . . .

Insurers 'sorry' for 15% hike . . . but it's worth it

Major Bahamian insurers yesterday warned property owners they face “a minimum” 15 percent premium rate rise in 2020 with Dorian-related claims set to hit peak estimates of $2bn. Patrick Ward, Bahamas First’s president and chief executive, told Tribu

Carnival chaos

In one of last week’s editions, Marie Thompson reminded us that once more the Carnival chaos is almost on us again, with no apparent organisation or planning, apart from the erection of the fences.

The costs of NHI

Retired Archbishop Drexel Gomez I suggest should speak to a few, note few, of his inner circle and associates and canvass them to see how many owe thousands in back real property taxes and utility bills before advocating further tax burdens.

BREAKING NEWS: Baha Mar given leave to appeal Bahamian bankruptcy ruling

A SUPREME Court judge has granted leave for Baha Mar to appeal his previous ruling not to recognise its ongoing Chapter 11 bankruptcy proceedings in the Bahamas.

The consequences of the referendum

To the enlightened and the educated who are overwhelmingly in the minority in The Bahamas the result of the referendum was a huge disappointment.

The Tribune

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