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Commonwealth cuts loan delinquency by up to 5%
Commonwealth Bank says non-performing loans have reduced by between 1-5 percent across all credit segments since year-end 2022 as its portfolio expands faster than market growth.
Grand Bahama nurse and Nassau humanitarian awarded for heroic deeds
Seven newborns, a shrinking food supply, and rising floodwaters in the Grand Bahama Rand Memorial Hospital during Hurricane Dorian quickly turned Nurse Nicole Morgan into what her colleagues describe as a timely hero.
Save ‘dying Freeport’ via tax regime repeal
Freeport’s new ‘tax breaks’ regime must be repealed to save a city that “is dying and on its last legs”, a prominent QC urged yesterday.
Travis Munnings eliminated from Eurocup qualifier contention
TRAVIS Munnings and Sporting Lisboa Benfica have been eliminated from FIBA EuroCup playoff contention but remain strong contenders locally in Portugal’s Liga Portuguesa de Basquetebol (LPB).
FNM: Why borrow for repairs when we have VAT revenue?
FREE National Movement Chairman Michael Pintard yesterday questioned whether the government had considered using revenue from value added tax collections instead of borrowing the millions needed for the recovery and repair of storm-ravaged Family Islands.
Tax no foundation for a ‘progressive’ govt
FORMER Progressive Liberal Party Cabinet minister George Smith said the Christie administration cannot claim to be the country’s most “progressive” government if it is pinning this accomplishment on value added tax and the introduction of National Health Insurance.
Gov’t urged: Keep VAT ‘simple’ for real estate
A leading realtor yesterday urged the Government to eliminate potential market “confusion” by reducing the Value-Added Tax (VAT) rate on conveyances to 5 per cent, thereby maintaining the existing tax split.
BAMSI quarterly output near $700k
The Bahamas Agriculture and Marine Science Institute (BAMSI) has begun to make “tangible” gains in terms of production, the Deputy Prime Minister said yesterday, adding that the sector was now on target to become the economy’s third pillar.
Macedonia only undefeated team in BSC Classic
MACEDONIA remains the only undefeated team left in the Baptist Sports Council’s 2016 Basketball Classic.
‘All hands’ needed to curb crime
PASTOR Dave Burrows said all hands are needed on deck to curb crime, adding there’s a misconception that only those from the “streets” can reach troubled youth.
Security firms hope for spike in January
SECURITY firms yesterday said they are hoping for a spike in business during the typically-slower January due to the skyrocketing murder rate and increased fear of crime.
BPL pulls together $125m loan facility
Bahamas Power & Light (BPL) is seeking to borrow $125 million by end-August 2017, despite the receipt of $32 million in Baha Mar receivables cutting operating expenses by almost 40 per cent.
Cruise home porting hailed as a ‘win-win’
TOURISM industry leaders yesterday hailed the cruise industry’s interest in using Nassau as a home port as a “win-win scenario” for the economy, adding: “The puzzle is coming together.”
Restaurants: Xmas off up to 70% amid COVID ease wait
A Nassau restaurant says its Christmas sales are down 70 percent compared to prior years due to a combination of COVID-19 health restrictions and the pandemic's economic fall-out.
Blue Hills reliance hits BPL customers
Bahamas Power and Light’s (BPL) chairman has conceded that increased dependence on its Blue Hills power station, which uses a more expensive fuel, has added to the recent spike in customer electricity bills.Dr Donovan Moxey said: “The spikes in the c
Minnis warns on dangers of VAT plan
OPPOSITION leader Hubert Minnis yesterday warned that the premature implementation of Value-Added Tax could engender widespread social ills — increased poverty and an underground economy.
Gov't moves to 'trim the fat'
Some industry stakeholders have already seen the draft Value Added Tax (VAT) legislation, a Cabinet minister yesterday confirming it would be available for full public consultation soon.
Minister wants an end to cash for gold
NATIONAL Security Minister Bernard Nottage called for the closure of the country’s cash for gold stores, as well as a ban on copper exports, in light of statistics showing that more than half of all armed robberies are involving jewellery or copper.
SANCHESKA Vs RENALDO: NFL Week 14 picks
SANNIE: I honestly have no clue about the ability of any of these teams, so I will choose the Cardinals because I like Cardinal cream. Makes no sense but it’s my choice, deal with it.
Mother died after suffering emotional scars following storm
THE daughter of 93-year-old Geneva Johnson said yesterday while the devastation Hurricane Joaquin wreaked on Acklins did not take the life of her mother, the massive category four storm left in its wake mental and emotional scars too big to overcome.
