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CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill

BTC staff on ‘pins and needles’ over job cuts

BAHAMAS Communications and Public Officers Union (BCPOU) president Bernard Evans said yesterday that employees at the Bahamas Telecommunications Company (BTC) were on “pins and needles” over imminent redundancies, with a meeting expected with management early next week.

Bahamas promoted at regional conference

The Bahamas’ commercial ties to Latin America were underlined on September 4 at the Society of Trust and Estate Practitioners (STEP) Latin American conference in Mexico City.

Lavaughn, Cody help Hurricanes to league leading 9-1 record

HOLLAND College has become well known to the Bahamas for the recruitment of local players into its football and basketball programmes, and now Bahamians are at the focal point of the latest venture for the Hurricane’s athletic department - baseball.

Atlantis ‘racing’ turtle raises awareness of sea threats

A LEATHERBACK turtle sponsored by Atlantis, Paradise Island, as part of its marine conservation efforts is aiming to be the fourth winner in five years for the resort in a marathon ‘race’ from its nesting beaches to its foraging grounds.

Man convicted of armed robbery has to convince court appeal should be heard

A MAN convicted of accosting an elderly man at gunpoint was told by the Court of Appeal yesterday that he would have to convince the court that his appeal should be heard notwithstanding that it was filed late.

Minister calls for 'vigilance' on rogue prescription drugs

THE Bahamas must be vigilant in combating rogue operators and counterfeit pharmaceutical suppliers, the Minister of Health said yesterday, describing the issue as a relatively new and emerging problem for the Bahamas.

Telephone cables stolen during Hurricane Sandy

FREEPORT – Although the Bahamas Telecommunication Company fared well during Hurricane Sandy with minimal damage to its equipment, a large quantity of telephone cables were stolen by thieves during the storm.

Hundreds queue in search of jobs

HUNDREDS of residents in Grand Bahama gathered at St George’s Gymnasium on Saturday for ‘Labour on the Blocks 2.0’ in hopes of getting off the unemployment line.

A scholarship to soar

STUDENTS HAVE received scholarships to become jet pilots through partnership with Qatar Aeronautical Academy and The Bahamas Aeronautical Academy.

Chamber chief calls for end to prison ‘blackhole’

The Chamber of Commerce’s chief executive yesterday called for all Fox Hill Prison inmates to be placed in a mandatory work programme that would finance their incarceration, so that the funds to finance their jailing do not fall into a “blackhole”.

Ten months in jail for scuffle with police officer

A 30-year-old man has been sentenced to ten months and seven days at the Bahamas Department of Correctional Services for causing harm to a police officer during a widely publicised scuffle near Christ Church Cathedral in which he sought to evade arre

PM praise for ferry, casino developments

THE commissioning of a new speed ferry to Bimini and the opening of the Resorts World Bimini Casino was praised by Prime Minister Perry Christie yesterday for showing the confidence of the developers in both the Government and the people of the Bahamas.

Footcare provider targets new investor capital raise

A BAHAMIAN footcare provider plans to tap its investors for further equity this summer as it pushes forward with further expansion following an initial roll-out that “surpassed expectations”.

4% fall in overall crime, reveals Rolle

OVERALL crime in the country declined by four percent between the months of January to June compared with the same period in 2019, according to Commissioner of Police Paul Rolle. According to Commissioner Rolle, the police statistics show a consider

IMF: 12% VAT rate ‘lowest in Caribbean’

The Bahamas’ soon-to-be-repealed 12 percent VAT rate was branded “the lowest in the Caribbean” by the International Monetary Fund (IMF) in its much-debated report to the Government.

Leadenhall wind-up is 'about 90 per cent finished'

The wind-up of the most recent Bahamian bank to be placed in court-supervised liquidation is “about 90 per cent done”, with a further $4 million dividend to creditors recently-approved.

Island Luck three-ball game is ‘not a lottery’ says Wilchcombe

THE Gaming Board has commenced a 90-day observation period to assess Island Luck’s new televised three-ball game - Quick Draw - amid concerns that it is in violation of the Bahamas’ gaming laws.

Real estate: 90% of transactions starting on-line

One-third of the Bahamas Real Estate Association’s (BREA) estimated 500-600 members are actively participating in its Multiple Listing System (MLS), the organisation’s principals yesterday saying this tool and their revamped website would “level the playing field” in a sector where 90 per cent of deals start on-line.

Small business survivors: 90% to keep doors open

Some 90 percent of small business survivors plan to "stay in business" fully after the recent COVID-19 easing sparked more optimism among entrepreneurs, a sector consultant revealed yesterday.

The Tribune

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