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COVID loan defaults ‘not as bad as feared’
The Central Bank’s governor yesterday said the rise in COVID-related loan delinquencies is not as bad as feared with the increase set to fall “well below” the previous 15 percent peak.
‘Stressed’ oil explorer facing a $19m deficit
The oil explorer seeking to renew four drilling licences in Bahamian waters yesterday admitted it is in “a stressed financial position” with outstanding bills exceeding its cash resources by $19m.
Debt consolidation leads loan requests
Bahamians are struggling to finance “big ticket items”, the Central Bank’s governor said yesterday, given that debt consolidation accounts for 36 percent of all consumer loan applications.
Pintard for FNM leader a no-brainer
THE September 16 general election was the most ho-hum since the formation of the Progressive Liberal Party (PLP) in 1953. The low voter turnout attest to this fact.
Waltiea Rolle: ‘I can still play a little more before saying goodbye’
WALTIEA Rolle has had a successful return to pro basketball this season, but the veteran centre still believes she has much room for growth to reach both her short term and long term goals.
Food process hub targets $1.8m crowd fund raising
An all-woman partnership is seeking to raise $1.8m via the ArawakX crowd funding platform and become “the regional hub” for food processing and export distribution.
VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
Burrows and Tigers get wins over Woodswide and Capers, Gibson and Huskies open season victorious
THE 2021-22 Atlantic University Sport men’s basketball season tipped off on October 29 and several Bahamians were active for their respective programmes in opening weekend double headers.
Sweeting’s Cay residents ‘are still sleeping in tents’
MYLES Laroda, State Minister in the Office of the Prime Minister, was concerned that some Sweeting’s Cay residents were sleeping in tents, two years following Hurricane Dorian.
RBDF promotions approved ‘soon’
ROYAL Bahamas Defence Force Commodore Raymond King said promotions for the organisation should be approved soon.
Resort aims to bridge 36% T&C rates gap
An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.
DPM praises ‘exceptional’ Sandals 95% occupancy
The deputy prime minister yesterday hailed Sandals Emerald Bay’s “exceptional” 90-95 percent slow season occupancy levels with the resort chain eyeing further Bahamas expansion.
Stop mining toxic coal
IT’S DISHEARTENING that President Mnanagagwa has allowed Chinese citizens to mine coal in Hwange Zimbabwe.
Coalition chief optimistic VAT cut to boost revenue
The Coalition for Responsible Taxation’s head yesterday voiced optimism that the 10 percent VAT slash will generate more revenue than the current structure once zero ratings are eliminated.
Kerzner’s praise for Farrington
Two minutes ago I stumbled on my copy of the attached letter, apparently written to Barry Farrington by Butch Kerzner. I find it to be a profound and well deserved compliment to Barry. You may publish it if you wish.
It’s official: Rolle makes return to pro basketball
WALTIEA Rolle officially made her return to professional basketball and leads her club in a newly formed tournament to encourage competition between teams in Spain.
Sale of Doctors’ new GB home in November close
The sale of Doctors Hospital’s new Freeport home will represent the final asset disposal for a former BISX-listed company when it completes next month, Tribune Business can reveal.
Promotions 'on the way'
HUNDREDS of promotions held back since before the 2017 general election are on the way for government workers in the coming weeks, including those in the armed forces, State Public Service Minister Pia Glover-Rolle said yesterday.
Minister optimistic on growing employment
A Cabinet minister yesterday said he is optimistic that more Bahamians are being recalled to work ahead of the furlough period’s December 13 end.
Bastian, Williams inducted into Benedict Hall of Fame
Having persevered in almost similar fashion from humble beginnings, Bahamian triple sporting star Melinda Bastian and multiple distance running national record holder O’Neil Williams emerged as two of the top student-athletes ever produced at Benedict College.
