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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.
A birthday bash to remember
IT was a birthday celebration, highlighted by a pair of Masters Softball League games and entertainment that included rake-n-scrape, marching bands and a Junkanoo rush-out, that left the Rev. Dr. William Thompson flabbergasted.
Halkitis rejects Sarkis attacks
STATE Minister for Finance Michael Halkitis yesterday defended the Baha Mar receivership from attacks against the resort’s developer Sarkis Izmirlian, saying the process is a way for “the speedy resumption and completion of the resort.”
S&P’s higher deficits on VAT ‘uncertainties’
Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.
PM: $20m 'pipeline' of local investments
The Government-sponsored venture capital fund is expected to create 130 local jobs via $1.5m in combined equity financing that has been injected into seven Bahamian businesses.
Bahamas 'not maximising' impact as tourism booms
The deputy prime minister yesterday admitted The Bahamas has failed "to maximise visitor spending", and retain more of this within its economy, despite a "booming" tourism industry whose numbers "have never been better".
Nesbitt has eight steals in Rebels’ blowout win
VALARIE Nesbitt had the breakout game head coach Yolett McPhee-McCuin envisioned when she recruited the junior point guard to the Ole Miss Rebels.
37 new COVID-19 cases, four more related deaths on Thursday
THIRTY-SEVEN new COVID-19 cases and four more related deaths were recorded on Thursday, pushing the nation’s coronavirus tally to 6,644.
Heart Ball sponsored by web shop A Sure Win
LOCAL gaming company A Sure Win is doing its part to aid in the Sir Victor Sassoon (Bahamas) Heart Foundation’s work of healing hearts.
QC Comets are BAISS swimming champions
THE Queen’s College Comets celebrated as champions as the Bahamas Association of Independent Secondary Schools’ swim championships returned to the calendar after a two-year hiatus because of COVID-19.
Two cases on cruise ship in Grand Bahama
TOURISM Minister Dionisio D’Aguilar said local residents were never exposed to two teens who had tested positive for COVID-19 on board a Royal Caribbean International cruise which ported in Grand Bahama on Thursday.
Setback on recovery as cases soar again by 110
THE Bahamas recorded 110 additional COVID-19 cases on Wednesday, pushing the nation’s count up to press time to a staggering 1,923.
Fox settles in at the plate with Hot Rods
FOLLOWING a slow start to the season, Lucius Fox has settled in at the plate for the Bowling Green Hot Rods in the Tampa Bay Rays’ farm system.
MAN, 23, murdered with shot to the head
A 23-year-old man was shot in the head and killed early yesterday morning becoming the country’s 102nd murder victim.
Royal Bank readies for Freeport Expo
BC Royal Bank of Canada and RBC FINCO will tomorrow stage its 2013 Home & Auto Expo at their Freeport Branch on East Mall & Explorers Way.
PHOTO GALLERY: A prom night to remember
WHETHER it was designer made or store bought, high school graduates were happy to flaunt their gowns last Thursday at the CR Walker prom.
‘We don’t want Disney out; we want a better agreement’
Opponents of Disney Cruise Line’s Lighthouse Point project yesterday pleaded with the next administration to reassess the development, saying: “We don’t want Disney out; we just want a better deal.”
Bahamas holding off debt cost pressures
The Bahamas was the only Caribbean nation in early April to escape pressure on its bond yields amid the COVID-19 pandemic, an Inter-American Development Bank (IDB) report revealed yesterday. The IDB, in its 2020 first quarter “bulletin” on the regio
Transaction costs ‘slowing’ electronic payments switch
The costs associated with settling electronic transactions are “slowing the pace of change” in the Bahamian payments system, the Central Bank’s governor said yesterday.
Splash brother Curry: Buddy is ‘a great shooter’
THE record-setting three-point shooting display put on by the Golden State Warriors and the Sacramento Kings garnered league-wide attention and continues a season of milestones for our very own Chavanno “Buddy” Hield.
