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Mortgage Corp loan provisions $71m off norm

Mortgage Corp loan provisions $71m off norm By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) existing policy underestimates loan loss provisioning by more than $71 million, it was disclosed yesterday, its chairman unveil

Mortgage Corp loan provisions $71m off norm

Mortgage Corp loan provisions $71m off norm By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) existing policy underestimates loan loss provisioning by more than $71 million, it was disclosed yesterday, its chairman unveil

AML Foods set to ‘vigorously fight’ $1m unpaid VAT claim

AML Foods has pledged to “vigorously contest” the Government’s demand that it produce nearly $1m in “unpaid” VAT related to Grand Bahama’s port-Hurricane Dorian economic recovery zone (SERZ).

McPhee-McCuin proud to be named ESPN’s Coach of the Week

GRAND Bahama native Yolett “Coach Yo” McPhee-McCuin has undoubtedly moved the needle for the University of Mississippi (Ole Miss) Rebels women’s basketball programme.

Fireman in Abaco dies after fall from fire truck en route to boat fire

A VOLUNTEER firefighter in Abaco died after falling off a truck that was rushing to a fire scene, leaving his community in shock.

Police say traffic deaths ‘unusually high’ as two more die over weekend

TWO people were killed in a car crash during a weekend that recorded more than a dozen traffic accidents.

PM targets Home Owner Protection Bill before election

Prime Minister Perry Christie promised yesterday to introduce more relief for struggling Bahamian homeowners before his administration’s term in office expires, as he touted the revised Mortgage Relief Plan for assisting 350 borrowers to-date.

PM stresses importance of role for new customs department graduates

PRIME Minister Perry Christie told 20 new graduates of the Customs Department in Grand Bahama yesterday that their role is critical to the country’s governance and they must be “obedient” when called on to serve in the Family Islands.

Water Corp: Board meddling breached global ‘best practice’

THE Water & Sewerage Corporation breached global ‘best practice’ through the former Board’s constant meddling and overturning of management decisions, a forensic audit has found.

‘Mortified’ Ja Rule says event was not a scam

AS the chaos surrounding the failed Fyre Festival in Exuma caught international headlines over the weekend, “mortified” co-organiser Ja Rule denied Friday the claims that the luxury music festival was a scam.

Shamar Burrows named Dalhousie ‘Tiger of the Year’

CANADA’s Atlantic University Sport cancelled their 2020-21 basketball season, but one Bahamian player was still recognised by his programme for his work during the pandemic.

Chinese Embassy, Zonta Club of Nassau donate to Bahamas Feeding Network

THE Chinese Embassy and the Zonta Club of Nassau both donated to the Bahamas Feeding Network yesterday.

Greed and double dipping

Last week, my friends came to visit me from the USA for a week of fun in The Bahamas.

UB Mingoes pick up two wins at Road Runners Track Meet

THE University of The Bahamas Athletics team picked up two wins at the Road Runners Track Meet at The Thomas A Robinson National Stadium over the weekend.

Thunder and rain may hamper restoration

HEAVY localised showers and strong thunderstorms could hamper restoration efforts in hurricane ravaged Grand Bahama and Abaco over the next few days. The Bahamas Department of Meteorology is closely monitoring three weather systems, but none with any

USA runs past The Bahamas 99-59 in AmeriCup qualifier

The United States dominated both the boards and points in the paint en route to a lopsided win over a shorthanded Team Bahamas at the FIBA AmeriCup 2022 Qualifiers.

Grand Bahama man accused over drugs

A GRAND Bahama man was charged with possession of dangerous drugs this week in Freeport.

Tourism losing $8.5m yearly to plastic pollution

The Bahamian tourism industry is losing up to $8.5m annually to plastic beach pollution, an Inter-American Development Bank (IDB) report has revealed, undermining the sector's key attraction.

The FinCEN files leak and its impact on the banking sector

ActivTrades

Last Sunday, September 20, BuzzFeed News International, a consortium of investigative journalists, published their analysis of a batch of leaked documents from the Financial Crimes Enforcement Network (FinCEN). The leaked files give account of more than 200,000 suspicious financial transaction reports, occurred between 2000 and 2017, that were sent by banks all over the world to the US authorities.

19-year-old woman among four charged over killings

A 19-year-old woman was among four people to appear in Magistrate’s Court yesterday accused of having a role in a number of recent killings in the capital.

The Tribune

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Mortgage Corp loan provisions $71m off norm

Mortgage Corp loan provisions $71m off norm

AML Foods set to ‘vigorously fight’ $1m unpaid VAT claim

McPhee-McCuin proud to be named ESPN’s Coach of the Week

Fireman in Abaco dies after fall from fire truck en route to boat fire

Police say traffic deaths ‘unusually high’ as two more die over weekend

PM targets Home Owner Protection Bill before election

PM stresses importance of role for new customs department graduates

Water Corp: Board meddling breached global ‘best practice’

‘Mortified’ Ja Rule says event was not a scam

Shamar Burrows named Dalhousie ‘Tiger of the Year’

Chinese Embassy, Zonta Club of Nassau donate to Bahamas Feeding Network

Greed and double dipping

UB Mingoes pick up two wins at Road Runners Track Meet

Thunder and rain may hamper restoration

USA runs past The Bahamas 99-59 in AmeriCup qualifier

Grand Bahama man accused over drugs

Tourism losing $8.5m yearly to plastic pollution

The FinCEN files leak and its impact on the banking sector

ActivTrades

19-year-old woman among four charged over killings

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