Microsoft partners with Bahamian founded non-profit for social impact webinar
A Bahamian-founded non-profit, HAP, is organising a high level impact webinar in conjunction with Microsoft to collaborate and share thoughts on a world disrupted by COVID-19. Eager to further the conversation on surviving and thriving post a pandemi
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
Challenges remain as retailers re-open
Bahamian retailers yesterday warned that significant challenges remain despite the Prime Minister giving the go-ahead for “non-essential” stores to re-open following the Whit Monday holiday. While relieved that they can resume in-store operations be
High property transaction costs hit competitiveness
A Bahamas-based contractor yesterday said the construction industry can mount a “110 percent recovery” from COVID-19 as he warned that high real estate transaction costs were making this nation uncompetitive. Costa Berdanis, Tarcon Construction’s pr
Two suspects arrested
TWO male suspects who allegedly robbed a couple at gunpoint this week in Freeport were arrested on Wednesday. Their capture led to further police investigations that resulted in the discovery of an illegal firearm at a residence in Freeport and the
EDITORIAL: Doing the best we can with what we have
THOSE who were expecting an exciting Budget yesterday will have come away disappointed.
STATESIDE: How tweet it is - Trump’s favourite platform points out a few facts
Something happened this week that might turn out to be pretty significant to the way the American election turns out in now less than six months. On Tuesday, Twitter decided to fact-check the President of the United States.
FRONT PORCH: Wishful thinking won’t work in a crisis, we must deal with realities
The notion of magical thinking is employed by a number of disciplines including philosophy, anthropology and psychology, with some differences in how the term is applied in the different fields. A common thread in the various disciplines is the idea of fallacious or false reasoning.
I was just trying to find answers, says Albury
CENTRAL and South Abaco MP James Albury said yesterday he believed his calling for an inquiry into the burial of 55 Hurricane Dorian victims over the weekend was blown out of proportion, saying he was just seeking to gain more answers about the matte
Union chief predicts unrest over restraints
BAHAMAS Public Service Union president Kimsley Ferguson said the government’s proposed fiscal restraints on the civil service will cause unrest.
Turnquest unveils list of budget cuts
THE Minnis administration has cancelled all international travel for the next fiscal year and eliminated the assignment of red plate vehicles to ministers as part of a broader plan to cut spending, Deputy Prime Minister and Minister of Finance Peter
Tax breaks extended for Grand Bahama and Abaco
THE government has extended tax breaks until the end of the year to support ongoing Hurricane Dorian recovery efforts on Grand Bahama and Abaco. The Minnis administration will also reduce customs duty on fishing and farming equipment among other ite
$10bn debt blow-out 'our worst nightmare'
Private sector executives yesterday warned “our worst nightmare has come true” after the government unveiled record deficit spending that will carry the national debt past the $10bn mark by June 2022. K Peter Turnquest, deputy prime minister, told t
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
Concern over budget's 'dependency' message
A former Chamber of Commerce chairman yesterday voiced concern that the government had sent “a message of dependency” through its 2020-2021 budget presentation. Gowon Bowe told Tribune Business it “can be dangerous” to give the impression that the g
50% cash use fall 'ambitious, not impossible'
The government’s target to reduce Bahamian society’s cash use by 50 percent within the next five years is “ambitious but not impossible”, a well-known banker said yesterday.Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told Tribune Bus
Budget's $55m for small firms 'too moderate'
The government was yesterday urged to almost double the small business financing provided in the 2020-2021 budget to $100m, a sector consultant arguing that the planned allocation was “too moderate”.Mark A Turnquest, pictured, of Mark A Turnquest Con
Restrictions eased as nation moves into Phase 3 of reopening
Prime Minister Dr Hubert Minnis announced in the House of Assembly on Thursday that the Bahamas is moving into Phase 3 of the country’s reopening.
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.”
