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Mortgage Corp still stuck at 40% arrears

The Bahamas Mortgage Corporation’s (BMC) arrears ratio continues to hover around 40 per cent, its chairman said yesterday, despite it adding $49.7 million in new mortgages to its portfolio over the past four years.

Nassau/PI resorts enjoy 24% increase in 'mice'

The Nassau/Paradise Island resort industry last year enjoyed a “24 percent increase” in its meetings, incentives, conferences and events (MICE) business, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told

Realtors still hopeful over VAT extension

THE Bahamas Real Estate Association (BREA) remains hopeful it can secure an extension of time to implement the value added tax (VAT) increase, its president arguing: “It is not too much to ask for.” Christine Wallace-Whitfield told Tribune Business:

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VAT change prompts hirings

Super Value will bring in new staff to help with its Value Added Tax (VAT) re-pricing for the January 1 switch to 10 percent from 12 percent.

Ministers meet GB businesses, unions

The Minister of Labour met with several major businesses and trade union leaders last week during his first official visit to Grand Bahama.

Govt raises permanent residency mark to $1m

A top realtor yesterday hailed as “a positive move”  the Government’s decision to increase the permanent residency investment threshold to $1 million, saying this would help to redefine the type of clientele the Bahmaas attracts.

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Central Bank: Dorian inflicts a $2.5bn blow

The Central Bank's governor yesterday forecast that total Hurricane Dorian losses could exceed $2.5bn at the "low end" - a sum equivalent to 20 percent of The Bahamas' total economic output.

Bahamians being kept in dark about government’s NHI plans

IN his budget address in the House of Assembly on May 27 this year, Prime Minister Christie announced that his government planned to introduce its National Health Insurance plan on January 1, 2016.

Expert warns fraud is common in the Bahamas

A certified Bahamian fraud examiner said fraud is common in the Bahamas and that people are finding ways to come up with more “complex and diversified” fraudulent schemes.

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Oil spotted in ocean off Abaco

OIL has been spotted in the ocean near Abaco and may have impacted parts of the coastline, days after an oil spill occurred in Grand Bahama.Equinor, which operates the South Riding Point storage and transshipment terminal in Grand Bahama, said the so

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Bahamas needs extra 200 air traffic controllers

AN extra 150-200 air traffic controllers are needed to provide proper air traffic service throughout The Bahamas, their union head yesterday expressing concern over whether there would be sufficient manpower to deal with the increased flights generated by Baha Mar.

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Puerto Rico routs Bahamas 88-71

After getting off to an impressive start in an historic win over Cuba in their opener on Monday, the men's national basketball team found the going rather to

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FamGuard chief hails Leno deal as 'win-win'

Family Guardian’s president yesterday hailed the offloading of its under-performing pensions and capital markets business to Leno Corporate Services as a “win-win” for all parties.

IMF not forcing VAT on Bahamas

The Bahamas’ decision to implement Value-Added Tax (VAT) did not result from the International Monetary Fund (IMF) holding a gun to the Government’s head, a key Ministry of Finance consultant says.

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Airlines ‘pay price’ over COVID surge with 15-20% drop

Bahamian domestic airlines have “paid the price” for the recent Omicron-led COVID case surge with a 15-20 percent drop in passenger numbers, an industry executive has revealed.

Architect chief: Building permit 'red tape' rising

A senior Bahamian architect yesterday argued that building permit “red tape” is increasing, not decreasing, and added: “I don’t know anyone who gets an approval in less than six months.”Gustavus Ferguson, the Institute of Bahamian Architects (IBA) pr

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Yankees' Richardson has three stolen bases so far

THE history-making feats continue for Antoan Richardson during his stint with the New York Yankees in Major League Baseball.

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Ayton injured, Suns eliminated in Game 6

PHOENIX (AP) — Nikola Jokic scored 32 points in another triple-double, Jamal Murray added 26 and the Denver Nuggets advanced to the Western Conference finals for the first time since 2020 by beating the short-handed Phoenix Suns 125-100 in Game 6 on Thursday night.

Women entrepreneurs hit by 30% income gap

The US government has teamed with its Bahamian counterpart to launch its Academy for Women Entrepreneurs (AWE) initiative locally in a bid to narrow another element of the gender gap.

Fund farm veterans, not just the rookies

The Bahamas must invest more in proven farmers who have shown the necessary “fortitude and perseverance” rather than directing all resources to newcomers, an entrepreneur is warning,