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COVID 'reality' hits banks: Loan defaults spike $83m
Bahamian commercial banks saw loan defaults spike by $83m in August as the sector started to feel the COVID-19 chill, with one senior executive saying: "The accounting is catching up with reality."
NHI registration of physicians begins
GOVERNMENT officials yesterday announced the launch of National Health Insurance’s primary care physician registration, which NHI senior officials said is a “critical milestone” that signals the “initiation” of the second phase of the government proposed scheme.
Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
‘High expectations’ NAD’s $75m offer is oversubscribed
The Nassau airport operator’s advisers last night said they had “high expectations” its refinancing will be fully or oversubscribed after raising 90 percent of their target within the first two days.
'UWC Triathlon Bahamas' set for Clifton Heritage Park
Forty years of service in the Bahamas for a leading international non-governmental organisation, and they seek to cast a spotlight on their organisation while fostering a major fundraising effort.
ALICIA WALLACE: Don’t blame us, Mr Johnson
It is, unfortunately, not unusual for Members of Parliament and Cabinet Ministers to insult the Bahamian people, especially in their bids to excuse their own actions.
Hotel Corporation transitioned to the Tourism Development Corporation
THE Hotel Corporation has now transitioned to the Tourism Development Corporation (TDC), according to its Chairman, Pineridge MP Frederick McAlpine.
Downtown retail hails port winner as ‘what we need’
Bay Street merchants yesterday said Global Ports Holding’s $250m plan to redevelop Nassau’s cruise port is “exactly what downtown has needed for many years”.
DIANE PHILLIPS: Cars, cars and more cars
THERE are 145,000 registered vehicles, give or take a few, in The Bahamas, 90% of them likely on an island that measures 21x7 miles. The only thing we might have more of in terms of numbers is cellphones, but then there is one big difference. Just about everyone knows how to use a cellphone.
‘Truly a new day’ as senate passes COVID-19 bill
THE Senate last night passed legislation that will lead to the end of suspensions of certain provisions put in place under the state of emergency.
Speaker hits out at govt after Parliament COVID-19 case
FOLLOWING confirmation that a House of Assembly staffer tested positive for COVID-19, Speaker Halson Moultrie revealed that his protocol recommendations were ignored by the government.
Ayton and Suns tie series 2-2
Deandre Ayton had his fourth consecutive double double in the 2021 NBA playoffs and his Phoenix Suns evened their best-of-seven round one series against the Los Angeles Lakers.
Lashann and Longhorns in race for Big 12 title
Following her personal standout freshman season, Lashann Higgs and her Texas Longhorns are expected to be major contenders for the Big 12 Conference title.
Developer: 65% of family homes sold
A $200 million New Providence real estate project is on pace to sell 24 units this year, its marketing head telling Tribune Business yesterday that the development had been a “huge success” within the Bahamian market.
Finally! Hugh Campbell Classic returns
AFTER a two-year hiatus due to COVID-19, the AF Adderley Junior High School will be bringing back the prestigious Hugh Campbell Basketball Classic with all games being played at the Kendal Isaacs Gymnasium.
COVID travel measures ‘won’t ease in any way’
A Cabinet minister last night said the government is “not minded in any way to relax the health travel protocols” despite conceding that have likely helped to “depress demand” and tourism’s revival.
Water Corp ‘pursues’ first price increase in 20 years
The Water & Sewerage Corporation (WSC) is “pursuing” its first price hike in nearly 20 years in a bid to narrow a profitability gap where it covers barely two-thirds of its operating costs.
DeMarco and Bahamas earn 63-57 win over Red Raiders
Chris DeMarco got the first victory under his belt with the men’s national basketball team by pulling off a 63-57 decision over the Texas Tech Red Raiders at the Kendal Isaacs Gymnasium last night.
Health levy hits wages Jan 2020
THE proposed amendment to the National Health Insurance programme is expected to be enacted between April and July 2019, with employers making employee mandated contributions by January 2020, according to NHI Authority chairman Dr Robin Roberts.
Psychiatrist on 'hidden epidemic wreaking havoc' in Bahamas
EARLY childhood abuse is linked to violence and murder in teenage years, noted psychiatrist Dr David Allen said yesterday, adding this “hidden epidemic” is “wreaking havoc” in the country.
