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PRIVATE SECTOR LOAN DEFAULTS HIT $301M
By NEIL HARTNELL Tribune Business Editor Almost one-third of commercial bank loans to Bahamian businesses are in arrears, something the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman described as a sign that economic recovery
Maycock leads the pack
With two consistent rounds of two-over-par 74s, veteran Greg Maycock holds a slim four-stroke lead over his nearest rival Keathen Stuart after the first two days of competition in the Bahamas Professional Golf Association (BPGA) 2020 National Championships.
Bahamian golfer Thomas Bethel disqualified
DAY three of the 57th Annual Caribbean Amateur Golf Championship Tournament was a disappointing outing for Team Bahamas, highlighted by the disqualification of one team member.
Govt’s new security near $250m target
The Government’s new Treasury Note security will finish “pretty close” to its $250 million first-year target, with the last 2015-2016 issue oversubscribed by at least 20 per cent.
‘No concern’ over deadlock at Baha Mar for conference
LOCAL officials preparing for an upcoming Inter-American Development Bank conference at Baha Mar said they have no concerns about the resort’s ongoing deadlock overshadowing the $6m event which will see 5,000 international delegates enter the country.
Missing property taxes over $1/2bn
Almost $95 million in real property taxes went uncollected during the 2010-2011 fiscal year, taking the total sum outstanding to what the Auditor-General described as an “exorbitant” $541.886 million.
Sandals aiming to hold 'mid-90' occupancies until August
SANDALS Royal Bahamian saw a "fairly healthy May and June", its general manager, Patrick Drake, telling Tribune Business that the all-inclusive resort was running at 90 per cent occupancy - a level it expects to hold until about mid-August.
UPDATED: Absent Nygard sentenced to 90 days, fined $150,000
Canadian fashion mogul Peter Nygard was sentenced to 90 days in prison and fined in the Supreme Court on Friday after being found in contempt of court.
Do Bahamains have a pornography addiction?
GROWING concerns over pornography addiction globally are making local health professionals take a closer look at the often taboo issue that can impact mental health.
Bahamas in Caribbean Amateur Junior Golf Championships
TEAM Bahamas opened the 26th Caribbean Amateur Junior Golf Championships on a favourable note with several round one performances leaving the coaching staff optimistic for the remainder of the event.
Smith leads the Hawks past Celtics 83-74
ATLANTA (AP) -- Josh Smith scored 22 points and grabbed 18 rebounds, leading the Atlanta Hawks to an 83-74 victory over Boston in Game 1 of the Eastern Conference playoffs last night, the final minute turning ugly when Celtics star Rajon Rondo was ejected
Undefeated Operators aim to sweep Truckers
The Bommer Gee Operators are one game away from clinching the New Providence Women’s Basketball Association title as they threaten to close out the defending champions Johnson’s Lady Truckers in a sweep.
Freeport store releases 22 due to 90% fall-off
A major Freeport hardware and supply store has been forced to let more than one-third of its employees go after Hurricane Dorian wiped out 90 percent of its revenue and inventory.
Police aim to reduce murders to less than 90 next year
WITH the country on pace to record fewer than 100 murders in a year for the first time in nearly a decade, National Security Minister Marvin Dames yesterday declared his goal for the year ahead: fewer than 90 murders.
Resorts set for ‘over 90%’ Thanksgiving occupancies
Major Bahamian resorts are set to enjoy occupancies “in excess of 90 percent” over the Thanksgiving holiday, a top hotelier disclosed yesterday, adding: “We’re not looking back.”
Cable: URCA regulations ‘impede’ mobile roll-out
Cable Bahamas has warned that the Utilities Regulation and Competition Authority’s (URCA) own infrastructure sharing regulations will prevent the winning mobile bidder from meeting the Government’s “ambitious” network roll-out targets.
Nassau/PI resorts in booking rebound
Bahamian resorts say they have already begun to see bookings rebound post Hurricane Irma, with one executive predicting an even bigger boost as travellers re-book.Ed Fields, Atlantis’s senior vice-president of public relations, told Tribune Business:
External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
Chavez Young homers on rehab assignment in Single A
CHAVEZ Young continues to work his way back from an early season injury in his second stint with the Dunedin Blue Jay of the Single-A Florida State League.
'Tremendous progress' in reduction of HIV/AIDS cases
HEALTH Minister Dr Duane Sands said while the country has seen “tremendous progress” in the reduction of HIV/AIDS cases annually, there is still much more work to be done before both viruses can be completely “eliminated”.
