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Banks approve fewer than 50% of mortgages

Less than 50 per cent of mortgage applications were approved during the 2017 first quarter, highlighting the Bahamas’ ongoing housing crisis and borrower difficulties in qualifying for credit.The Central Bank’s research department, in a presentation

SUFFERING ON THE STREET AS HEAT SOARS: Hot weather affecting everyone, but homeless are especially vulnerable

BAHAMIANS of all backgrounds are scrambling for relief from the brutal heat this summer, but for some of the country’s poorest residents, managing the conditions is an existential challenge.

BEC saddled by $86m fuel debt

THE Bahamas Electricity Corporation (BEC) currently owes its major fuel supplier more than $86 million, its executive chairman revealed yesterday, adding that the monopoly energy supplier was paying Shell West excess of $18 million a month “just to keep going”.

NPBA: Giants, Mingoes in win column

THE Commonwealth Bank Giants and the University of the Bahamas Mingoes won the New Providence Basketball Association men’s division one double header played at the AF Adderley Gymnasium on Monday night.In the opener, the Giants routed the Caro Contra

BTC to 'exceed' $60- $80m earnings goal

BTC to 'exceed' $60- $80m earnings goal By NEIL HARTNELL Tribune Business Editor The Bahamas Telecommunications Company (BTC) will beat its $60-$80 million operating income projections for 2012 after generating cost savings faster than anticipated, alth

80% of motorists exposed torogue, uninsured drivers

A SENIOR insurance executive yesterday said it would not take “a heavy lift” to crack down on uninsured drivers who threaten to inflict a substantial loss on 80 per cent of Bahamian motorists.Patrick Ward, Bahamas First’s president and chief executiv

Tobacco smuggling: Bill to recover 80% of revenue losses

The Government yesterday estimated that it will recover 80 per cent, or $20 million, of the revenues it loses annually to tobacco smuggling via its Excise Stamp initiative, and disclosed it was looking at similar measures to combat illegal alcohol imports.

Cable's $100m issue to slash debt costs

Cable Bahamas is aiming to slash interest costs by up to two percentage points via its $100 million preference share restructuring, revealing to Tribune Business yesterday that its Florida and local growth initiatives are “on plan”.

Y98's Anthony "AC" Coakley

FOR years you have heard their voices; they are a familiar and entertaining presence on the airwaves, and now you will get to put a face to your favourite Tribune Radio House personalities.

Men's junior national team set for 2020 FIBA Tournament of the Americas

THE final list of eight teams is all set and the Bahamas men’s junior national team now knows the full group of teams it will compete alongside at the 2020 FIBA Tournament of the Americas.The date and location of the tournament have yet to be announc

Deandre Ayton and 'buddy' Hield head-to-head

WHEN the NBA preseason tips off, a matchup of Bahamian players will highlight the schedule right away to announce the 2018-19 season.Deandre Ayton and Buddy Hield will have their first head-to-head game in the NBA when Ayton’s Phoenix Suns host Hield

Renaldo's Ramblings: Week 11 picks

The “When Nobody Wins, Everybody Loses” Award presented by The Entire Referendum/Opinion Poll Hulabaloo - The Rams missed an opportunity to win and make the biggest statement win for the Sam Bradford era, while the Niners looked far too marginal against a team they should have dominated

SPORTS YEAR IN REVIEW: PART 1

• THE first part of Tribune Sports’ year in review series will explore the greatest Team Performances of 2012

FINCO: Three-year offload sparks $9.1m provision hit

Despite recovering "in excess of" 80 per cent of the outstanding principal 0n distressed property sales, FINCO's managing director yesterday said the mortgage

OFFICIAL RESULTS: ROADRUNNERS TRACK AND FIELD CLASSIC

• Here’s a look at the results of the Road Runners Track and Field Classic held at the Thomas A Robinson Track and Field Stadium on Saturday:

'Risk' broker may not return investor funds

There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.

‘Scumbags’ hit Robin Hood re-opening with $30k theft

Efforts to re-open the former Robin Hood store off Tonique Williams-Darling Highway have hit a ‘major setback’, Mario’s Bowling and Entertainment Palace chief executive, Leslie Miller, telling Tribune Business yesterday that the store had suffered $30,000 in damages after thieves stole six air conditioning units last week.

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