Search results for : Matthew
April 12, 2017
Hurricane Matthew put dent in original fiscal target, says Rolle
As the end of the budget period approaches, Governor of The Central Bank of The Bahamas (CBOB) John Rolle said the government would have been much closer to meeting its fiscal targets if Hurricane Matthew had not occurred.
Rolle told Guardian Business yesterday that higher revenue gains from value-added tax (VAT) would have been a component in helping to reduce the deficit prior to Hurricane Matth...
April 07, 2017
PM Christie: Financial Performance 'Adversely Influenced' by Hurricane Matthew
uring his recent Communication in the House of Assembly on ?The Bahamas' Fiscal Performance in the First Half of 2016/2017,? Prime Minister and Minister of Finance the Rt. Hon. Perry Christie...
March 29, 2017
PM: Deficit misses lower projection as a result of Hurricane Matthew
The country's deficit is now projected to land at $350 million by the end of the 2016/2017 fiscal year, a figure that, as a result of Hurricane Matthew, puts a dent in the original, lower projection.
Mid-year into the fiscal year, figures also show that recurrent expenditure totaled $1,242 billion and recurrent revenue stands at $855 million, leaving a deficit of $387 million.
Prime Minister Perry...
March 22, 2017
BTC approaching 42 million in damage from Hurricane Matthew
CEO of Bahamas Telecommunications Company (BTC) Leon Williams revealed yesterday that third-party insurance claims for damage incurred following the passage of Hurricane Matthew have yet to be received; the company is approaching about $42 million in total damage from the Category 4 storm.
Williams added that 10 to 15 percent of the damage incurred would not be covered by insurance and would have ...
March 15, 2017
Insurance claims post-Hurricane Matthew 176M with only 50 to 60 percent reported
An initial but incomplete submission of insurance claims incurred post-Hurricane Matthew totaled over $176 million as at December 31, 2016, with only 50 to 60 percent of claims incurred reported to Chairman of the Bahamas Insurance Association (BIA) Emmanuel Komolafe.
Speaking on the topic "Rebuilding after Hurricane Matthew" at the Grand Bahama Business Outlook last week, Komolafe provided a comp...
January 30, 2017
BREA, ONE OCEAN Team up to Help Hurricane Matthew Relief Efforts
Luxury P.I. Condo Matches BREA Donation to East Nassau Rotary...Three organisations came together this week to lend support to many for whom Hurricane Matthew is all too real a weather event that is still not over...
January 26, 2017
Sandals assists staff members with 25,000 for post Hurricane Matthew repairs
With the nation still in recovery from the Category 4 Hurricane Matthew that tore through The Bahamas last fall, team members at Sandals Royal Bahamian are breathing a little easier with the donation of $25,000 toward their recovery efforts.
Several Bahamians from all walks of life are still trying to return to normalcy, whether that normalcy is in their home life or financially
Following its re-o...
Greet The SAG Awards' Actor?, Matthew Modine and Angela Sarafyan in Person at The Grove on Wednesday, Jan 25, 2017
January 24, 2017
Greet The SAG Awards' Actor?, Matthew Modine and Angela Sarafyan in Person at The Grove on Wednesday, Jan 25, 2017
Iconic statue takes a detour to meet his fans en route to the
23rd Annual Screen Actors Guild Awards? on Sunday, Jan. 29, 2017...
January 18, 2017
Memories Grand Bahama still closed since passage of Hurricane Matthew
Memories Grand Bahama Beach & Casino Resort remains closed since the passage of Hurricane Matthew, but discussions are underway to finding a "swift resolution" to open the resort.
In the interim, Guardian Business understands that the resort may have had difficulties receiving an insurance payout to perform repairs, which led to the delay in reopening.
A source, who spoke under condition of anonym...
January 18, 2017
Milo Butler Backs Bahamas Red Cross and HeadKnowles Hurricane Matthew Relief Efforts
Bahamians still impacted by the effects of Hurricane Matthew will benefit from a recent donation by Milo Butler Distributors. The wholesale grocer partnered with the Bahamas Red Cross and the HeadKnowles Hurricane Relief Group giving food supplies valued at $10,000 to assist with continued relief efforts...
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