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Bad loans and credit decline threaten growth
Difficulties in one bank’s commercial loan portfolio seemingly sparked a $38.7 million deterioration in the sector’s ‘bad credit’ position during April, another month in which the Bahamian economy was “relatively subdued”.
‘Golden Yolk’ scheme to make us self-sufficient
THE launch of the Ministry of Agriculture’s “Golden Yolk” initiative was hailed yesterday by Prime Minister Philip “Brave” Davis as “one of the first steps in a marathon toward a more resilient, self-reliant Bahamas”.
Bahamas destroys Dominica 125-21 in CBC U-16
WE may be running out of superlatives to describe just how dominant the Bahamas junior national team has been in overwhelming the competition at the Caribbean Basketball Confederation U16 Championships.
The newlywed who went to war
SHORTLY after marrying his wife in 1943, Comrade Rueben Hamilton, 87, went to war. His wife, who died in January this year, after 70 years with Mr Hamilton, had just given birth to their first child.
Jones sets season high 17, Hunter has career high 11
BIG nights from Kai Jones and Sammy Hunter en route to résumé building wins for their programmes highlighted Bahamian student athletes in NCAA Division I basketball on Tuesday night.
One last summer of BPL’s torment: Then cheaper bills and power that stays on
WHEN Finnish group Wärtsilä completes installation of a new electricity plant at Clifton Pier, Bahamas Power and Light Company Ltd would have ended the expensive practice of rental generators and “drastically” decreased the fuel surcharge on consumer’s monthly bills.
Who will be champions as top basketball teams clash?
THE top basketball teams in the country will meet this weekend to decide the overall titles of Bahamas Basketball Federation national champions.
Gray, Jets on win streak
Sebastian Gray’s scoring has helped the Northern Oklahoma-Enid Jets to a win streak in a battle atop the conference standings headed toward the postseason.Gray has scored in double figures the last three games, a three-game winning streak for the Jet
Bridgewater makes immediate impact
DOMNICK Bridgewater is having an immediate impact in his progression to France’s Nationale Masculine 2 (NM2) League. Bridgewater finished with 10 points in his regular season debut to lead Sapela Basket 13 to an 87-72 win over La Ravoire Challes Basket.
Bahamas ‘prioritises’ debt servicing over its people
The Bahamas has reached a point where the Government is prioritising interest payments on its $11.645bn national over services to its people, an investment analyst argued yesterday.
Giants clobber Shockers 91-79
AFTER losing their season opener a week ago, the New Providence Basketball Association’s defending champions Commonwealth Bank Giants took their frustrations out on the Real Deal Shockers at CI Gibson Gym Saturday night.
25% of mortgage credit ‘past due’
Almost $1 out of every $4 mortgage dollars lent by Bahamian commercial banks was past due at end-October 2014, Tribune Business can reveal, as the Government moves to revive its “dead in the woods” relief plan.
AML 'stops counting' at 2,000 resumes for 90 jobs
AML Foods yesterday told Tribune Business it had “stopped counting” after receiving over 2,000 applications for the 90 jobs that will be created when its Solomon’s Fresh Market store at Harbour Bay opens before Christmas, the situation highlighting why proposed Employment Act reforms should be shelved.
Banks see $49.5mbad loans decline
By NEIL HARTNELL Tribune Business Editor Bahamian commercial banks experienced a collective $49.5 million or 4.1 per cent loan arrears reduction in February 2012, it was revealed last night, although it is probably too early to herald the start of a cred
Arawak Port repayment causes $41m loan fall
The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.
New advances in prostate treatments
The good news: prostate cancer, if detected early, can be successfully treated, with a 98 percent prostate cancer specific survival ten years after treatment.
Active surveillance for prostate cancer
Prostate cancer will affect one in six men in their lifetime. Early detected low-volume, low-grade, early-stage prostate cancer has an excellent cure rate of 97 to 98 percent.
Tender process begins for Long Island water supply
A MAJOR milestone for Long Island gets underway this week with the public tender exercise to expand potable water supply on the island, Water and Sewerage Corporation (WSC) Chairman and island MP Adrian Gibson announced yesterday.The tendering proces
Bahamas hitting ‘bull’s eye on HIV/AIDS global targets’
HIV/AIDS Foundation hosts candlelight vigil on December 1
TOMORROW the world re-commits to the fight against HIV/AIDS.
Banks’ bad loans strike ten-year low
Bad loans commercial banking industry borrowers dropped to under $800m at end-January 2019, falling to their “lowest levels for ten years”.