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Scotiabank: $80m mortgages restructured in 18 months
Scotiabank (Bahamas) yesterday disclosed it had managed to restructure more than $80 million worth of mortgages, held by over 500 customers, within the last 18 months, telling Tribune Business just 5-6 per cent of that number had fallen back into delinquency.
Lyford Cay billionaire Sir Anthony O’Reilly declared bankrupt
A SUPREME Court judge declared Lyford Cay billionaire Sir Anthony O’Reilly bankrupt on Friday evening after more than five hours of legal arguments concerning the procedural validity of his applications.
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.
Economic recovery not strong enough to dent unemployment
The Bahamas’ economic recovery to-date has not been strong enough “ to achieve substantial gains in employment and a broadening of private sector demand”, the Central Bank noting that commercial bank loan arrears had almost hit the 20 per cent mark.
Tourist shoppers: VAT refund to fall to 85%
Visiting duty-free shoppers will be refunded 85 per cent of their Value-Added Tax (VAT) payments from July 1 this year, when the Government’s private sector contractor takes over management of the process.
No public interest in Sand Dollar
This Sand dollar thing - Central Bank says 90% of all bank accounts have a credit balance of $1,000.
Ninety days to switch VAT pricing
Retailers have been given a 90-day transition period to deal with the repricing “nightmare” caused by the VAT rate cut, one saying yesterday: “We hope this is the last change for a very long time.”
Stingers dethrone Giants, 95-94
KEMSEY Sylvetre may have saved his best game in the postseason for the last as he helped the PJ’s Stingers dethrone the defending champions Commonwealth Bank Giants.
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.
A COMIC'S VIEW: Christie’s Baha Mar deal leaves a sour taste in the mouth
To the average Bahamian who follows major events in the country, this was a confusing week.
Surprise at Christie admission
OPPOSITION Leader Dr Hubert Minnis was surprised by Prime Minister Christie's acknowledgment that the Bahamas was now "in the midst of one of the most difficult and challenging fiscal periods in the nation's history". The Prime Minister made his observati
Florida ferry captures 50% of Big Game guests
THE Bimini Big Game Resort & Marina has been reaping the benefits of ferry service from Florida, its general manager yesterday crediting this with producing “50 per cent or more” of its weekend occupancies.
91-year-old man is latest virus death
A 91-year-old man died in hospital on Monday, becoming the country’s sixth COVID-19 death.
STATESIDE: Politicians need to recognise when it is time for them to leave the stage
WHAT do Diane Feinstein, Ruth Bader Ginsburg, George Santos and Clarence Thomas have in common?
Boozer scores 19, Bulls beat the Heat 96-86 in overtime
By ANDREW SELIGMAN AP Sports Writer CHICAGO (AP) -- CJ Watson scored 16 points, including the game-tying three-pointer at the end of regulation, and the Chicago Bulls pulled away in overtime to beat the Miami Heat 96-86 last night. Carlos Boozer led the B
GB Power: Over 90% of non-flooded are restored
Grand Bahama Power Company says it has restored power to more than 90 percent of customers with dry homes in non-flooded areas following Hurricane Dorian’s passage. Giving an update on restoration efforts, the island’s monopoly utility provider said
Dr Sands: Free condoms for students 'the way to go'
HEALTH Minister Dr Duane Sands said he believes a revamped approach to HIV prevention and treatment inclusive of sex education and free contraceptives for students is “the way to go”.
Buddy ‘Buckets’ 12 but Harden, Rockets get 10th straight win
HOUSTON (AP) — James Harden had 28 points, nine rebounds and nine assists, and the Houston Rockets fought off a late rally to get their 10th straight win, 100-91 over the Sacramento Kings on Wednesday night.
Almost 1m referrals to Nassau/PI hotels
A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.
BTC targets Internet lead with 90% fibre coverage
The Bahamas Telecommunications Company (BTC) is aiming to cover 90 percent of New Providence with its new fibre network within the next nine months as it placed broadband Internet at the core of yesterday's corporate rebranding.
