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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

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

Bahamas total debt over 90% of GDP

The Bahamas was yesterday said to be “in a very, very dark position” after the Central Bank revealed that total public sector debt was a mammoth $7.604 billion, a sum equivalent to more than 90 per cent of national economic output (GDP).

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.

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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.

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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.

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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.

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Bill passed to end Emergency Orders

MEMBERS of Parliament passed a bill yesterday to bring an end to certain suspensions implemented under the former Minnis administration through the Emergency Powers Orders.

RoyalStar eyes Matthew payout ‘over’ $90m total

A Bahamian insurer yesterday said it will be paying out “in excess of $90 million” in Hurricane Matthew-related claims on behalf of itself and network partners, with 65 per cent already settled.

Fear of 'potential tourism softness'

The Central Bank of the Bahamas has warned that “potential softness” in key visitor source markets is creating some downside for the tourism industry’s 2014 performance, with the sector “relatively flat” in January.

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Coleby set for United Arab Emirates National Basketball League

DWIGHT Coleby joined his third club of the 2021- 22 season while several other Bahamian frontcourt players had season high performances for their respective clubs.

BBF boss Bowleg praises FIBA U-17 coaching staff

MARIO Bowleg, president of the Bahamas Basketball Federation, feels that he selected the right coach to lead the boys’ national basketball team at the FIBA Centrobasket Under-17 Championships in San Juan, Puerto Rico.

Realtor near doubles plaza's occupancy within 10 months

A realtor has reversed the fortunes of a 15-unit commercial plaza within 10 months, taking occupancy levels from 50 per cent to 90 per cent.

EDITORIAL: Govt should be applauded for egg project

FOR many years, some farmers have felt that governments have only paid them lip service when it comes to giving the industry a solid footing.

Baha Mar energy partner seeking $6m in Bahamas

The company behind Baha Mar’s proposed Seawater District Cooling (SDC) plant is seeking to raise $6 million from Bahamian investors, Tribune Business can reveal, having signed a 20-year energy supply agreement with the Cable Beach resort developer.

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Load shedding continues while BPL works to restore generation in North Andros

A WEEK after a catastrophic fire damaged Bahamas Power & Light’s facilities in North Andros, electricity has not been fully restored on the island.

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Munroe expects 90 per cent decrease in outpatient care when prison facility built

NATIONAL Security Minister Wayne Munroe said the Public Hospital Authority does not like prisoners receiving care at Princess Margaret Hospital –– one reason medical facilities will be built at the Department of Corrections.

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Veteran forward Kino Burrows scores 13 in 90-53 blowout victory for Byers

KINO Burrows and the FOS Provence Basket Byers continue the French LNB Pro B Leaders Cup as they continue their preparation for the 2020-21 season.

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Haitian migrants arrested by Defence Force

NEARLY 90 Haitian migrants were arrested by the Royal Bahamas Defence Force (RBDF) early Wednesday morning, according to an RBDF statement.

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Learning from the best at LPGA Classic event

AROUND 90 students took part in a Junior Golf Clinic at the 2014 PureSilk-Bahamas LPGA Classic, held at the Ocean Club Golf Course, Paradise Island yesterday.