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6,000 restructure debt during 2019 first half

More than 6,000 Bahamian borrowers applied for debt consolidation loans during the 2019 first half, making it the most sought-after form of consumer credit by some distance. The Central Bank’s latest Lending Conditions Survey, released yesterday, re

The Hawksbill agreement - and its importance to Grand Bahama

FREEPORT would not be in existence without the Hawksbill Creek Agreement, which has given rise to major infrastructural and investment developments on the island of Grand Bahama.

FTX chief’s $460m deal with Bahamas fund firm

FTX’s US chief yesterday unveiled a $460m settlement with a Bahamas-based fund manager that received hundreds of millions of dollars in the months leading up to the crypto currency exchange’s collapse.

Ayton and Suns tie series 2-2

Deandre Ayton had his fourth consecutive double double in the 2021 NBA playoffs and his Phoenix Suns evened their best-of-seven round one series against the Los Angeles Lakers.

BBF does not have proper training venue

ALREADY faced with the task of securing the funding to travel to the FIBA AmeriCup 2020 Qualifier in San Juan, Puerto Rico, the Bahamas Basketball Federation now finds itself without the proper venue to train in.

Bowleg: ‘I still want to commend the players who were available. They went out there and played their hearts out’

BAHAMAS Basketball Federation President Mario Bowleg admitted that the men’s national team could have played better than they did against the United States of America and Puerto Rico in the bubble in Indianapolis, Indiana.

Gov’t ‘definitely’ beat first $150m VAT goal

Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.

Port chief eyeing Abaco power cable connection

The Grand Bahama Port Authority’s (GBPA) president yesterday suggested running an electricity cable between his island and Abaco as a way to “stabilise” electricity costs and bring rates down.

Just one SOE ‘can throw everything’

The Government yesterday unveiled policies to govern a near-$800m portfolio of loans and guarantees to state-owned entities, a senior official saying: “One transaction could throw everything awry.”

‘Highly probable’ most of $900m tax debts seized

The Ministry of Finance’s top official yesterday said the Large Taxpayer Unit is “just the start” of major reforms as he revealed it is “highly probable” much of $900m in past due taxes will be collected.

Bank fee moans? It’s your ‘own damn fault’

The Central Bank’s top inspector yesterday said he had little sympathy for those complaining about bank fees since it was their “own damn fault if they are too lazy to switch” to online banking.

AG: ‘False parallel’ over web shop tax EU fears

The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.

101 new COVID-19 cases, death toll rises to 96

The Ministry of Health reported on Wednesday that there were 101 new cases of COVID-19, one death and 65 people confirmed to have recovered.

Bahamas’ Top junior golfers Turnquest, Anand in Annika Invitational

TWO of the Bahamas’ elite junior golfers are participating in a top regional tournament aimed at developing the game among young ladies.

$42.5m Gov’t bond issue ‘50-60% oversubscribed’

The Government’s latest $42.5 million bond offering was expected to “at least 50-60 per cent oversubscribed”, its lead arranger told Tribune Business yesterday afternoon, just hours before its close.

INSIGHT: Fishermen renew pleas to protect our marine resources from poachers

I congratulate our fine men and women of the Royal Bahamas Defence Force (RBDF) for the capture of yet another Dominican poaching vessel.

Grey Goose founder's son denies February Point bid

The son of the Grey Goose Vodka brand’s founder has denied to Tribune Business that he is leading an investor group seeking to purchase Exuma’s 80-acre February Point development, while acknowledging homeowner concern over the Hart family’s exit plans.

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