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
$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
Extended Dorian tax breaks hailed as 'absolutely critical'
Abaco’s Chamber of Commerce president yesterday hailed the extension of Dorian-related tax breaks through the 2020 year-end and beyond as “absolutely critical” to reviving reconstruction in COVID-19’s wake. Ken Hutton, speaking after K Peter Turnque
Govt health reforms target $62m savings
The government yesterday said it was targeting $62m in savings over a five-year period by permitting the National Health Insurance (NHI) scheme to lead the primary healthcare system’s transformation.K Peter Turnquest, deputy prime minister, in unveil
Fishermen: We wanted vehicle duty reductions
Commercial fishermen yesterday said they would have welcomed a reduction in import tariffs on vehicles used to transport their catch rather than tax breaks on equipment already duty-free. Adrian LaRoda, the Bahamas Commercial Fishers Alliance’s pres
Retail optimism on Back to School VAT 'holiday'
Bahamian retailers yesterday voiced optimism that the government’s declaration of a two-week back-to-school VAT “holiday” will boost sales and spending by hard-pressed Bahamian consumers. John Cathopoulis, general manager of John’s Shoes Store, told
Be 'cold' over $100m SOE subsidy slashes
The government was yesterday urged to make “cold” decisions on whether to retain loss-making state-owned enterprises (SOEs) after it unveiled plans to slash their annual subsidies by $100m within four years. Gowon Bowe, a former Chamber of Commerce
ART OF GRAPHIX: Creating magic in your images
In Photoshop there are various ways and reasons for making a selection. You may want to remove something from a background and replace it with something else. Some of the selection tools found in Adobe Photoshop are better suited for certain tasks th
Financial provider urges Bahamians: Don't panic
A Bahamian financial services provider yesterday urged citizens and investors to exploit the COVID-19 pandemic for opportunities rather than simply panic. Sean Longley, pictured , Leno’s founder and president, said: “We read the headlines daily. We
'Three weeks from oil drilling.. then COVID'
A Bahamas-based oil explorer yesterday revealed it was “within three weeks” of drilling its first well until COVID-19 intervened as it unveiled a revised timetable taking its operations into the 2021 first quarter. Simon Potter, Bahamas Petroleum Co
