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'Only 20% qualifying for average mortgage'
Just 20 percent of Bahamians are able to service and qualify for an “average” mortgage, the Bahamas Development Bank’s (BDB) strategic transformation report estimates.Canada-based International Financial Consulting (IFC), in a document tabled in the
POLITICOLE: There’s a hole in the bucket, Dear Christie
I was born in the 70s, and I grew up in the 80s and 90s. Life in The Bahamas was so much simpler then. Everything appeared cleaner, easier, purer. It was long before we knew what a storm our leaders were brewing for us, though we would soon find out. And the Pandora’s Box has been spilling over since then.
Stingers top Regulators, win NPBA title
For the past five years, coaches Lavardo Bowleg and Moses Johnson were priming their PJ’s Stingers for their first opportunity to hoist the New Providence Basketball Association men’s championship crown in the air.
How to tackle the SME conundrum
AFTER analysing the Bahamas' economic condition for the past three years, and reviewing reports by international agencies (Moody's, the World Bank, Standard & Poors), it is imperative that the public and private sectors focus on small and medium-size business (SME) development and economic diversification.
NPBA: Heatwaves, Rockets, Shockers in the win column
THE New Providence Basketball Association continued its regular season action over the weekend at the Kendal Isaacs Gymnasium with a series of games played.
WORLD VIEW – The Commonwealth: what’s in it for the small states?
Writing in the British Guardian Newspaper on April 10, my colleague, professor Phillip Murphy, the director of the Institute of Commonwealth Studies at the University of London, recalled that for those who campaigned for Britain to leave the European Union, “depicting the Commonwealth as a huge potential trading opportunity for the UK was a useful fiction”.
FIBA: NEW FORMAT HELPS MEN’S NATIONAL BASKETBALL TEAM
WITH all of the talent available in the professional ranks and college, this could be the Bahamas’ best chance to qualify its men’s national basketball team for the 2020 Olympic Games in Tokyo, Japan.
GB Power 'mining' $600k savings via preference payout
GRAND BAHAMA Power Company will slash annual debt servicing costs by $600,000 through redeeming 43 per cent of its preference shares, with the benefits passed on to consumers.The utility, in e-mailed responses to Tribune Business questions, said Dece
UPDATED: Bahamas rating under review for downgrade, says Moody's
Moody’s has predicted that the Bahamian economy will shrink by 8 percent this year as it put this nation “under review” for a downgrade to so-called “junk” status.
Retailer's 'hard call' over Mall departure
A Bahamian retailer yesterday said it had made “the hard call” to end its 30-year presence at the Mall at Marathon after being placed “in an impossible position” by its landlord during lease renewal talks. Egan Kemp, president of Eunison Company, th
Disney’s deal with all the trimmings
DISNEY Island Development Ltd, the company set to construct a multi-million-dollar cruise facility in South Eleuthera, will receive hefty exemptions to carry out the project that would otherwise result in millions added to the public purse.
INSIGHT: Assessing the looming threat from Hurricane Matthew
Matthew is weaker as it meanders over the central Caribbean south of Haiti, but the mighty Category 4 hurricane is expected to move northwards later on Sunday and deliver a punishing blow to the islands of Hispaniola, Cuba and Jamaica on Monday and Tuesday.
Food retailers warning on price control 'catastrophe'
Many Bahamian food retailers will suffer “catastrophe” unless there is some Price Control relief prior to Value-Added Tax (VAT), the Retail Grocers Association’s president has warned, after talks with the Government kicked-off on Friday.
Brewery seeks 100% increase in tax margin
Sands Beer’s manufacturer has urged the Government to increase the ‘tax differential’ advantage it enjoys over Commonwealth Brewery by 100 per cent for a “guaranteed” 15-year period, having been “assured” the authorities will not force it to close down.
A chapter of disaster?
The Baha Mar bankruptcy order should be granted in the Bahamas to avoid a damaging dog-fight between creditors, Richard Coulson urges.
New Providence or New Orleans?
I saw Twitter images of severe flooding throughout parts of New Providence over the weekend. I believe it was a meteorologist who told either The Nassau Guardian or The Tribune that the severe flooding caused by torrential rains was a hurricane drill for New Providence residents. As a resident of Grand Bahama who lived through Hurricanes Francis, Jeanne, Matthew and Dorian, I want Nassau residents to understand that the recent flooding in their communities is nothing compared to the flooding the aforementioned cyclones brought to our island.
COVID collapse sparked rare $1.7bn ‘dual deficit’
Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.
Customs inefficiency costing Gov't $66m
The Government is losing $66 million in revenues annually due to inefficiencies at Bahamas Customs alone, the situation also placing tourism industry profitability and foreign direct investment (FDI) inflows “at risk”.
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
Bahamasair off 35% against pre-COVID
Bahamasair’s peak summer revenues were down by 35 percent compared to pre-COVID19 figures, its chairman has revealed, although passenger occupancy on its US routes averaged around 80 percent.
