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Mortgage Corp loan provisions $71m off norm

Mortgage Corp loan provisions $71m off norm By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) existing policy underestimates loan loss provisioning by more than $71 million, it was disclosed yesterday, its chairman unveil

Mortgage Corp loan provisions $71m off norm

Mortgage Corp loan provisions $71m off norm By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) existing policy underestimates loan loss provisioning by more than $71 million, it was disclosed yesterday, its chairman unveil

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Mitchell off to quick start with Panthers

Elijah Mitchell continues his stellar early season play for the Birmingham-Southern Panthers men’s soccer programme and has scored three points in his first two games.

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Central Bank: Dorian will have negative, short-term impact on Bahamas economy

While the country’s mid-term growth prospects are still positive, the Central Bank has noted that Hurricane Dorian will have a negative impact on the economy in the short-term.

Minister: Give us ‘offset’ to halt oil drilling pursuit

A Cabinet minister yesterday argued The Bahamas should seek "offsetting” compensation from neighbouring countries if it bows to their demands to give up oil exploration.

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Alert as hackers target bank account details

A HACKER is now busy on the Internet trying to get your confidential information — even bank accounts — through your e-mail. And so, readers, if you receive a message headed – IMPORTANT DOCUMENT!!! – delete it immediately. Don’t let your curiosity lead you to opening it to find out what it is about, because you too will be caught in the information net.

Exuma resort stages world hockey first

Grand Isle Resort & Spa and the Bahamas shared an unusual world first last week when professional hockey players, decorated Olympians and hotel guests faced off in a road hockey game on the island of Farmer’s Cay.

Shamar work in progress for Ridley College Tigers

SHAMAR Burrows may be a work in progress for the Ridley College Tigers, but he showed Tuesday night he has plenty to work with.

GB Chamber calls for income tax alternative

The Grand Bahama Chamber of Commerce has urged the Government to implement an income tax as a more equitable and progressive alternative to Value-Added Tax (VAT), with both personal and corporate income caught in the net.

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AF Adderley Junior Girls Volleyball champions for third straight year

Another sport on the Government Secondary Schools Sports Association calendar, another championship title for the AF Adderley Tigers’ junior girls programme.

Paving success with kindness

As the Bahamas’ first National Women’s Month wound down, a female pioneer in business, financial services and civic life ramped up her advice to women.

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Bahamas eliminated

The men’s national volleyball team gave it a gallant effort at the Juan “Pachín” Vicens Auditorium, but a third place finish over the weekend eliminated the Bahamas from the NORCECA Men’s World Championship Qualification Tournament.

Bahamas 23rd as captive domicile

The Bahamas Financial Services Board (BFSB) has hosted a half-day Insurance Industry briefing, in collaboration with the Insurance Commission, the Ministry of Financial Services and the Insurance Institute of the Bahamas.

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BLTA hosts play tennis programme

THE Bahamas Lawn Tennis Association (BLTA) through its Play Tennis programme is giving youth an opportunity to learn the sport.

Drug bust nets $1m of cocaine

FREEPORT - A major drug bust was made at the Freeport Container Port where nearly $1 million worth of cocaine was discovered. This is the first major drug seizure on Grand Bahama for 2014.

Bank pledges openness before AGM ‘fireworks’

Bank of the Bahamas executives yesterday pledged they would be “upfront” and detail “everything” about its future plans, amid suggestions there would be “fireworks” from disgruntled shareholders at tonight’s annual general meeting (AGM).

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Blacklist ‘factor’ fear on bank Business Licence

A commercial bank chief yesterday questioned whether the Government’s plan to reimpose Business Licence fees on the sector could revive a situation that caused The Bahamas’ 2018 blacklisting by the European Union (EU).

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Property Fund in 'waiting game' via 20%+ vacancies

VACANCY rates of more than 20 per cent at its two main properties have left the BISX-listed Bahamas Property Fund in "a waiting game", its administrator said yesterday, with its bottom line "not going to change much" until new tenants were attracted.

Chelsea, Liverpool reach FA Cup semifinals

By ROB HARRIS AP Sports Writer LONDON (AP) -- Fernando Torres ended a 26-game goal drought as Chelsea reached the FA Cup semifinals on Sunday, and Liverpool ensured a second trip to Wembley Stadium this season on a weekend overshadowed by concern over cri

Public sector debt drops $93m during first quarter

Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.