Bannister: Sufficient building inspectors must be hired
WORKS Minister Desmond Bannister said yesterday sufficient building inspectors must be hired to ensure all new buildings meet requisite standards, while lamenting that ‘no building code’ would have provided protection against ‘superstorm’ Hurricane D
MASTERCARD to make $200,000 donation to American Red Cross
MASTERCARD yesterday announced it will make a donation of $200,000 to the American Red Cross and also partner with the organisation, among others, to expand aid delivery to The Bahamas in the wake of Hurricane Dorian. In addition to its donation, Ma
Dorian: Economy bound to take ‘negative hit’ on GDP
Hurricane Dorian will have a significant ‘negative impact’ to this nation’s fiscal position, with GDP to take a significant negative ‘hit’ due to the need for massive infrastructural spend.
Marinas were prepared - but not for something like this
MARINAS in the path of Hurricane Dorain were as a prepared as they could be however Association of Bahamas Marinas (ABM) executive director Basil Smith noted the storm’s fury could not have been anticipated.
Abaco Business Outlook postponed
The 16th annual Abaco Business Outlook slated for this Thursday has been postponed due to the devastation of Hurricane Dorian, its organisers said yesterday.
Cruise lines remain committed to major projects
Two major cruise lines yesterday spoke out to reassure The Bahamas they remained committed to major projects in the islands.
Central Bank announces 'temporary relaxation' of lending guidelines to domestic banks
THE CENTRAL Bank yesterday announced the temporary relaxation of lending guidelines to domestic banks to facilitate access to credit by households and businesses on islands ravaged by Hurricane Dorian.
Cooper urges caution over deficit claims
THE Opposition has pushed back against the government’s touted success over hitting its fiscal deficit targets, suggesting it was too early to start ‘popping the champagne’.Chester Cooper, the Opposition’s Shadow Finance Minister said in a statement
Public purse subsidies soar by $65 million
SUBSIDIES to Government owned and or controlled entities which provide services to the public rose by $64.9m to $392.7m according to the Ministry of Finance’s fourth quarter fiscal snapshot and report on budgetary performance for the fiscal year 2018
Business braces to count the cost of Dorian
THE business community is in a ‘heightened’ state of concern over the potential affect of Hurricane Dorian according to Bahamas Chamber of Commerce and Employers Confederation (BCCEC) chief executive Jeffrey Beckles, noting that, “hurricanes are a pa
China exports drive record crawfish prices
BAHAMIAN fishermen are reaping “the highest price ever” for crawfish at the outset of the 2019/2020 season, with Bahamas Commercial Fishers Alliance (BCFA) vice-president Keith Carroll telling Tribune Business that increased access to foreign markets
Turnquest proclaims lowest deficit level in a decade
FINANCE Minister K Peter Turnquest yesterday touted that “for the first time in a long time” the government has met its deficit target, having recorded a deficit of $222.4m for fiscal year 2018/2019.According to the Ministry of Finance the deficit is
'Corruption and fraud is the Bahamian way of life'
A well-known forensic accountant yesterday lamented what he described as “endemic” corruption in The Bahamas and the refusal to prosecute “fraudsters”.John S Bain, managing partner at UHY Bain and Associates while speaking on the sidelines of an Elde
Revenues beat budget target by $81M
COLLECTIONS of stamp taxes on financial and realty transactions “surged two-fold”, from $109.5m in fiscal year 2017/18 to $225.3m in fiscal year 2018/19, outpacing the budgeted $143.7m the Ministry of Finance’s fourth quarter fiscal snapshot and repo
Port development 'must bring life to downtown Nassau'
BAHAMAS Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive, Jeffrey Beckles, yesterday stressed that a commitment to Bahamian ownership and involvement in the Nassau cruise port redevelopment is “critical”, adding Bahamians mus
