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FINCO rejects 90% of Gov’t home applicants
Royal Bank of Canada’s (RBC) mortgage lending arm rejected 90 per cent of applicants seeking loans to purchase government homes, a Cabinet Minister has revealed.
80 Haitian migrants intercepted near Exuma Chain
A VESSEL containing 80 Haitian migrants was intercepted near the Exuma Chain on Monday evening.The Royal Bahamas Defence Force (RBDF) reported the sailing sloop was apprehended after acting on information they had received earlier that day.RBDF Patro
Ex-MP says: 'Gov't supporters trying to get hands on GBPA'
A former MP yesterday doubled down on concerns that "supporters of the governing party have been trying to get their hands on the Grand Bahama Port Authority" amid push back to calls for politics to be kept out of Freeport's future.
Raising ‘Freeport out of the ashes’
The Government and Grand Bahama Port Authority’s (GBPA) owners were yesterday warned the latter’s 3,000 licensees must “have a say” over any changes to its ownership and Freeport’s founding treaty.
'Improve service quality before rolling out 5G'
Bahamian businesses and consumers want their communications providers to first focus on improving the quality and reliability of existing services before exploring the introduction of 5G (fifth generation) technology.
Aggregate miner targeting 'full' $125m Andros spend
An aggregate mining and land reclamation development, featuring a $15m-$20m first phase investment and creation of 35 jobs, is among three “very different and separate projects” currently targeting North Andros. Cameron Symonette, The Symonette Grou
Hospital auditor defends report
ACCOUNTANT John Bain yesterday defended a forensic audit into the Public Hospitals Authority which he had prepared, after FNM Leader Dr Hubert Minnis claimed that the audit contained “clerical errors”.
$1.1m donation by FTX to benefit agriculture
FTX Digital Markets announced a $1.1m donation to the newly created non-government, not-for-profit, Agricultural Development Committee.
Publication celebrating two years of PLP Government branded a waste
FORMER Opposition Senator Dr Duane Sands yesterday branded the latest publication celebrating two years of the government by Bahamas Information Services as wasteful propaganda.
DPM targets 50% tourism GDP boost
THE Bahamas could increase tourism’s economic contribution by 50 per cent if it can drive hotel occupancies to an average 90 per cent, the Deputy Prime Minister believes.K P Turnquest told the Bahamas Hotel and Tourism Association’s (BHTA) annual gen
Bahamas granted downgrade break
Baha Mar will “only start weighing” on the Bahamas’ creditworthiness should it remain unopened by the 2016 second half, something that would prompt Moody’s to slash next year’s GDP growth forecast by up to a full percentage point.
BPL ‘hands tied’ for 12-18 months
Bahamas Power & Light’s (BPL) “hands are going to be tied” for a further 12-18 months until its $600 million legacy debts are refinanced, a former BEC executive chairman warned yesterday.
Striping group: Lease report a 'professional assassination'
A Bahamas Striping Group affiliate yesterday blasted its “professional assassination” over three apartment rental deals with the Ministry of Finance, insisting it did give “value for money”.Atillio Holdings, which chose not to comment when approached
NTA director fires back over $22m apprenticeship programme criticism
The National Training Agency’s (NTA) has shot down Opposition criticism that the Christie administration’s revamped $22m apprenticeship program is merely a retread of the Ingraham administration’s 52-week jobs programme, telling Tribune Business: “We have raised the standard.”
Sponge revival in 17% sales growth
Bahamian spongers will enjoy an average annual sales growth of 17 per cent by the time a three-year project to revitalise the industry concludes, an Inter-American Development Bank (IDB) report has revealed.
Moss: Why I quit
MARCO City MP Greg Moss yesterday shot down speculation that he is joining the Free National Movement as he insisted on a definite political run in the 2017 general election as an independent candidate.
$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
Activists tell Disney: Show us cruise port ‘a fair deal’
Environmental activists are challenging Disney Cruise Line to show how its Lighthouse Point project is “a fair deal for The Bahamas and people of South Eleuthera” via the economic returns each side gets.
Govt tax crackdown exposes ‘desperation’
The Christie administration’s much-trumpeted tax crackdown has exposed its “desperation” over the strained fiscal position, the Democratic National Alliance’s (DNA) leader yesterday charging: “The Government is broke.”
'Be more creative to reach cruise ship market'
TOURISM Minister Dionisio D’Aguilar yesterday called for Bahamian entrepreneurs to be more “creative” and “aggressive” at penetrating the cruise ship visitor market. Mr D’Aguilar noted cruise visitors represent 75 percent of the annual foreign visito
