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Auto dealers fear closures if 30% sales fall a trend

The Bahamas Motor Dealers Association’s (BMDA) president fears some new car dealerships will close next year if the current 30 per cent year-over-year industry sales decline persists.

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'Mortgage collapse worse than Greece'

Rattled Bahamian commercial bankers were last night nervously awaiting today’s tabling of the Homeowners Protection Bill in Parliament, fearing it will further depress economic recovery and a mortgage market that has already “collapsed”.

Water Corp needs 'top up' to $20m subsidies

Water Corp needs 'top up' to $20m subsidies By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation will "definitely need" an increase to the existing $20 million taxpayer subsidy allocated to it for the 2011-2012 fiscal year, its gene

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Bahamas suffers loss to Dominican Republic

SENIOR MEN’S NATIONAL BASKETBALL TEAM IN FIBA WORLD CUP 2023 AMERICAS QUALIFIERS

Chavano “Buddy” Hield put on a show playing in front of the home crowd for the first time as a pro, but a fourth quarter rally from Team Bahamas fell just short as they lost the final game in the third window of FIBA World Cup 2023 Americas Qualifying opening round play.

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Flying colours

One last day of competition stands between the St Augustine’s College Big Red Machine and the high school’s 25th consecutive BAISS Track and Field championship title.

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Jones and Sun top Sparks 84-75 in Game 1 of WNBA semi-finals

UNCASVILLE, Conn. (AP) — Alyssa Thomas had 22 points and grabbed 10 rebounds to lead a balanced Connecticut offence and the Sun opened the WNBA semi-finals with an 84-75 win over the Los Angeles Sparks last night.

Cybot Queens edge the Operators to clinch title berth

ON a night when both teams struggled shooting from the field, the Super Value Cybot Queens did enough to edge the Bommer G Operators and clinch a berth in the championship series.

Gyms ‘may raise fees’ after BPL bills hike

THE looming increase in electricity bills will likely force some gym operators still recovering from COVID-19’s impact to consider raising membership fees or making other adjustments to help sustain operations, according to fitness stakeholders.

Minister: 2/3 redundancy increase brings Bahamas ‘in line’ with Caribbean

The Minister of Labour yesterday argued that employer concerns over the proposed two-thirds increase in the redundancy pay ‘cap’ were misplaced, arguing that it would bring the Bahamas into line with the rest of the Caribbean.

Clinics bombarded by worried patients

THE medical sector is experiencing impact from coronavirus fears as people bombard clinics with cold-like symptoms and stock up on medication from pharmacies even though the country has not recorded a case of COVID-19.

Auto dealers: Numerous VAT questions unanswered

BAHAMIAN auto dealers are still pushing for 11th hour Value-Added Tax (VAT) concessions, with the sector still raising numerous unresolved issues just two weeks prior to implementation.

Auto chief waits 6-8 months for $200k tax refund

The Bahamas Motor Dealers Association’s (BMDA) president yesterday revealed he has been waiting six-eight months for a $200,000 tax refund, while seeing “only red ink” on his company’s financial spreadsheets.

Six-month 'past due' loans double to 60%

The proportion of non-performing loans more than six months’ past due has almost doubled from pre-recession levels to 60 per cent, reflecting both borrower struggles and bank repossession difficulties.

Faith United makes debut with 14-10 victory over St Paul's

FAITH United handed the Baptist Sports Council’s defending men’s champions St Paul’s Fox Hill their third consecutive loss as the 2014 Softball Classic continued on Tuesday night.

PM hails effect of new airport radar

PRIME Minister Perry Christie yesterday touted the government’s acquisition of a new radar for the Lynden Pindling International Airport’s Air Traffic Control division as a “dramatic improvement” of the aviation sector in the country.

Air Traffic Controllers Union signs industrial agreement with government

BAHAMAS Air Traffic Controllers Union (BATCU) President Lashan Gray has expressed "relief" over finally signing an industrial agreement with the government, calling it a "momentous occasion" that it signifies the "beginning" of air traffic controllers moving "closer towards industry-related standards".

Redundancy ‘cap’ raise by 2/3 to ‘cripple’ firms

Removing the Employment Act’s ‘cap’ on redundancy pay will “cripple and/or bankrupt most businesses” in the Bahamas, the Chamber of Commerce has warned, resulting in mass lay-offs and company closures.

Edmund Moxey - a man of conviction

LAST month, a new generation of politicians in the House of Assembly were given a bit of advice by a veteran who has lasted a long time, obviously because — whether right or wrong – he has carefully minded his p’s and q’s.

‘Family Islands lockdown could last four more weeks’

DEPUTY Chief Medical Officer Dr Delon Brennen said it could take another four weeks before the lockdown can end on Family Islands that have not yet recorded a confirmed case of COVID-19.

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Rays' Lucius Fox assigned to Biscuits in Double-A

LUCIUS Fox continues his progression through the Tampa Bay Rays organisation and has ascended to the Double-A level for the first time in his young career.Fox was assigned to the Montgomery Biscuits of the Southern League.Based in Montgomery, Alabama