"%EC%84%B1%EC%9D%B8%EA%B4%91%EA%B3%A0%EB%8C%80%ED%96%89%EF%A4%8A%E2%81%BD%ED%85%94%EB%A0%88 uy454%E2%81%BE%EC%84%B1%EC%9D%B8%EB%85%B8%EC%B6%9C%EB%A7%88%EC%BC%80%ED%8C%85%C5%AE%EC%84%B1%EC%9D%B8%EB%A7%88%EC%BC%80%ED%8C%85%EB%8C%80%ED%96%89%EC%82%AC%E3%88%96%EC%84%B1%EC%9D%B8%EA%B4%91%EA%B3%A0%EB%8C%80%ED%96%89%E2%8A%81%EC%84%B1%EC%9D%B8%EA%B2%8C%EC%8B%9C%ED%8C%90%EA%B4%91%EA%B3%A0%CF%88%EC%84%B1%EC%9D%B8%F0%9F%94%A2%EC%84%B1%EC%9D%B8%EA%B4%91%EA%B3%A0%EB%8C%80%ED%96%89%E0%B0%93%EC%84%B1%EC%9D%B8%D1%82%EC%84%B1%EC%9D%B8%EA%B4%91%EA%B3%A0%EB%8C%80%ED%96%89w%2F" | Search

PRIVATE SECTOR LOAN DEFAULTS HIT $301M

By NEIL HARTNELL Tribune Business Editor Almost one-third of commercial bank loans to Bahamian businesses are in arrears, something the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman described as a sign that economic recovery

2,000 homeowners 'non-performing'

2,000 homeowners 'non-performing' By NEIL HARTNELL Tribune Business Editor An estimated 1,500-2,000 Bahamian homes have mortgage loans that are more than 90 days past due, the Clearing Banks Association (CBA) told Tribune Business yesterday, with the se

MSC cruise port: No lease agreement yet

No agreement has yet been reached to transfer the lease of Ocean Cay to Mediterranean Shipping Company (MSC) for its private cruise port, with the current holder saying of the project: "It won't be done overnight."

$150M TRUST URGED TO RESCUE HOUSING MARKET

By NEIL HARTNELL Tribune Business Editor The Government was yesterday urged to invest $100-$150 million into a Foreclosure Trust as a way to solve this nation's mortgage/housing crisis, a well-known businessman telling Tribune Business that the returns g

Gov’t plans to narrow VAT payment window

The Government yesterday unveiled plans to shrink the Value-Added Tax (VAT) payment window by seven days, and other revenue enforcement measures, amid the numerous tariff rate cuts consistent with a pre-election Budget.

SKY'S THE LIMIT FOR $270K ROUTE INVESTMENT

By NEIL HARTNELL Tribune Business Editor Sky Bahamas expects to start seeing a return on its $270,000 investment in building its Marsh Harbour-West Palm Beach route in three months' time, telling Tribune Business it cost Bahamian-owned airlines twice as

Tourism ‘softness’ exposed with 7% room revenue fall

Tourism “softness” resulted in a 7 per cent year-over-year decline in peak winter room revenues for Nassau’s major hotels, with both occupancies and pricing coming under pressure.

Gov't urged: End 'ridiculous foot dragging' on BEC

The Government has been urged to end its "ridiculous foot dragging" over the Bahamas Electricity Corporation's (BEC) part-privatisation and wider energy reform, as the private sector readies its own study on the issue.

AML chief: ‘Size of pie yet to be seen’

* Uncertainties over Xmas spending * Hopes December ‘uptick’ will persist * All retailers see October/November fall-off

BISX-listed AML Foods has warned that “the size of the pie” remains unknown when it comes to Bahamian consumer spending this Christmas. Gavin Watchorn, the group’s president and chief executive, told Tribune Business that while it was “very confident” of gaining its due share, the extent of holiday expenditure was difficult to predict given continued economic uncertainty and fragile confidence.