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Fidelity ready to ‘put money behind’ bad mortgage cure

Fidelity Bank (Bahamas) stands ready to "put money behind" a properly structured investment vehicle that could cure this nation's housing and distressed mortgage woes, its top executive said yesterday.

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Certainty and issue of immigration

I have often spoken about the concept of “certainty” and why it is important to the success of any endeavour.

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Tour de Turquoise raises a record $165,000 for Exuma

FOR donors who wonder where exactly their dollars go and who they help, in Exuma they only have to look as far as the school bus that proudly bears the name LN Coakley High.

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INSIGHT: Wait and see if CARICOM was a success

SO CARICOM came, and CARICOM went – and while there may have been some bumps at the outset, now that it’s all done, what was achieved?

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EDITORIAL: A hard line on migration from govt

PRIME Minister Philip “Brave” Davis set a hard line in his national address on the issue of migration.

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Cotton Bay revival targeting $12m yearly wage, tax boost

REPRESENTATIVES of the developer behind the Cotton Bay Club’s $200m revival have forecast that the project will generate an annual $12m economic impact in wages and taxes alone when fully operational.

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Rumour has it

ActivTrades

The ups and downs in the international markets continued last week. Robust economic data fuelled concerns about interest rates but, at the same time, consumer activity remained strong. This created a dilemma for many investors.

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Two more GSSSA champions crowned

COACH Kevin ‘KJ’ Johnson and his CI Gibson Rattlers celebrated another Government Secondary Schools Sports Association championship feat, this time in the senior girls’ division.

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Alcohol, drugs and gambling

In Jesus put all your trust, all your belief, and all your heart.

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VAT health claims change may drain foreign reserves

THE changed VAT treatment on health insurance claims payouts could further drain The Bahamas’ foreign reserves by driving patients to seek care outside the country, a senior executive warned yesterday.

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FRONT PORCH: Constitution matters and questions

“IT IS something which is very healthy and something which is very much in keeping with the democratic spirit of the country to periodically examine the Constitution and make changes which are likely to be to the benefit of the country over the long term.” – Sean McWeeney, chair, 2013 Constitutional Commission.

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Hotel union eyes industrial agreement ‘red letter day’

The hotel union’s president yesterday said it will be a “red letter day” for its several thousand members when their now ten-year wait for a new industrial agreement with the main employer body is ended.

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Man sentenced for two years for theft of $80

A MAN was sentenced to two years in prison yesterday after he admitted to stealing cash in a housebreaking in Andros late last year.

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John Kerry: US ‘delegation here to listen’

UNITED States special presidential climate envoy John Kerry last night told government officials at a welcome reception hosted by the US embassy that every country must join in the fight against climate change and do its part to respond to the crisis for the future generations to come.

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PETER YOUNG: Horror of a lethal earthquake

WITH video coverage of natural disasters and war zones beamed instantly around the world these days, people have become almost accustomed to witnessing human suffering from afar. But the images and stories of the scale of destruction and horror this past week following Monday’s severe earthquake in southern Turkey and northern Syria have been hard to take in.

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Mitchell: Haiti to be a main topic during CARICOM

FOREIGN Affairs Minister Fred Mitchell said yesterday that Haiti is one of the main issues that will be addressed at CARICOM, noting the country’s political and security challenges.

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90 kilos of suspected cocaine seized in Bimini

Bahamian law enforcement officials seized over 90 kilos of suspected cocaine – worth $1m – onboard a vessel at the Cat Cay Marina in Bimini on Sunday.

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WORLD VIEW: Haiti at the tipping point of becoming fully hostage to criminals

HAITI continues to occupy the concerns of nations around the world, especially its closest neighbouring states.

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BOB eliminates ‘external influences’ of past rescue

Bank of The Bahamas has “eliminated a lot of the external influences” that helped produce two taxpayer-funded rescues, its top executive has revealed, with the institution “on track” to hit this year’s $8m-$9m profits target.

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Debt jumps $256m on IMF rights borrowings

Much of the $256.2m increase in the national debt during the six months to end-December was driven by the Government’s “use” of $232.3m in IMF special drawing rights (SDRs), it has been revealed.