Story
Cooper - like FNM - hopes for Lucayan deal ‘soon’
DEPUTY Prime Minister Chester Cooper said the Davis administration is determined to fix the Grand Lucayan resort, adding an announcement on the beleaguered property will hopefully be made soon.
Story
Mass funeral for Abaco victims
THE bodies of the 27 people who died at sea in the Abaco cays have been turned over to the Haitian Embassy in Nassau and the League of Haitian Pastors for burial on Sunday.
Story
Malik Joseph posting major numbers
Bahamian junior national basketball team standout Malik Joseph is posting major numbers in his senior season and is garnering more attention on the recruiting circuit.
Story
Sexual assault still the most reported crime on cruise ships
ALLEGED sexual assault remains the most reported criminal activity on cruise ships, according to international statistics. Data released in the United States under the Cruise Vessel Security and Safety Act (CVSSA), shows there were a total of 46 rep
Story
BPL to seek Shell equity for its $95m
Bahamas Power & Light (BPL) will likely take an equity ownership interest in Shell’s new power plant in return for its $95m emergency generation investment, it was revealed yesterday.
Story
Baha Mar wants contractor out
Resort wants local workers to finish building
DESPITE the government’s return to Beijing, Baha Mar developer Sarkis Izmirlian is seeking to strike a deal with its Chinese lender to cut the resort’s general contractor, China Construction America, out of negotiations and use Bahamian contractors to complete the project, according to a letter sent to Export-Import Bank of China obtained by The Tribune.
Story
Nearly $50m loans fall into delinquency
Almost $50m worth of loans became delinquent during May 2021 as COVID-19 payment deferrals continued to expire, the Central Bank of The Bahamas has revealed.
Story
BOB: ‘Break even excellent’ for 2021
Bank of The Bahamas’ top executive says it will “be excellent” if its closes its 2021 financial year in a “break even” position after incurring $20m in loan loss provisions over the past two years.
Story
Construction starts to take '40-60% hit'
New construction starts will take a 40-60 percent hit, a former Bahamian Contractors Association (BCA) president predicted yesterday, with the industry unlikely to rebound until near year-end. Leonard Sands, pictured , told Tribune Business that whi
Story
Warning over coral plague
BAHAMIANS must “sound the alarm” and the government must take swift action to address stony coral tissue loss disease, a fast-spreading bacteria that is ravaging coral reefs throughout the country, says Waterkeepers Bahamas President Joseph Darville.
Story
‘Bad bank loans’ drop below $1bn
Commercial bank loan arrears fell below the $1 billion mark for the first time in years at end-February 2017, with ‘bad’ credit having declined by almost $200 million over the previous 12 months.
Story
Chamber chief: 2-2.5% growth is 'a stretch'
The Bahamas Chamber of Commerce’s (BCCEC) chief executive yesterday said it would be “a stretch” for this country to generate even 2-2.5 per cent economic growth for 2013, although he expressed hope that last year’s 5.5 per cent decline in commercial loan arrears was a “sign of things to come”.
Story
Bank chief warns VAT to increase prices 10%
A top bank executive yesterday estimated that the planned Value-Added Tax (VAT) would increase Bahamian consumer prices by around 10 per cent, with this and higher Business Licence fees increasing his institution’s operating expenses by an annual $2.5 million.
Story
Trump-ing US travel warning on Bahamas
A Cabinet minister yesterday said he has “cautiously” asked the prime minister to raise The Bahamas’ concerns over US travel advisories when he meets Donald Trump this weekend.
Story
UPDATED: Absent Nygard sentenced to 90 days, fined $150,000
Canadian fashion mogul Peter Nygard was sentenced to 90 days in prison and fined in the Supreme Court on Friday after being found in contempt of court.
Story
‘We’ve lost everything’
STEPHEN Swaby stood gazing at the charred rubble that was once his 96-year-old grandmother’s home at Jennie Street, in disbelief that his family has lost everything.
Story
BPGA gears up for 50th National Pro Golf Championships
THE Bahamas Professional Golfers Association (BPGA) is gearing up for its 50th Year National Professional Golf Championships for men, women and senior men.
Story
IMF: Bahamian economy shrank over $2bn in 2020
The International Monetary Fund (IMF) yesterday confirmed the Bahamian economy shrank by over $2bn last year to almost match the size of the country’s rapidly-growing national debt.
Story
Distressed debt acquirer's unsecured loan expansion
A “bad mortgage” acquirer is aiming to further relieve distressed borrowers and their lenders by expanding into unsecured loan purchases, it was revealed yesterday.Sir Franklyn Wilson, whose group is one of the investors behind Gateway Financial, tol
Story
BTC 'exacerbates' $265m FDI decline
A $265 million decline in year-over-year net foreign investment (FDI) into the Bahamas is not as bad as it seems, the Central Bank’s governor yesterday saying that stripping out the BTC privatisation proceeds produced a more “modest” 7.6 per cent fall.
