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Gov't told: raise Mortgage Plan's $22,500 'Gap'
Bahamian commercial banks have recommended that the Government increase the $22,500 ‘Gap’ amount in a bid to have more struggling homeowners qualify for its Mortgage Relief Plan, Tribune Business can reveal.
BTC's $91m boost 'all the uplift for' parent
The Bahamas Telecommunications Company's (BTC) $91 million operating income (EBITDA) performance generated "pretty much all of the uplift" for Cable and Wireless Commu
FTX Bahamas wind-up ‘halted’ if no Ray deal
FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.
Most Eleuthera firms suffer 90% drop-off
Eleuthera’s private sector yesterday called for an 18-24 month construction sector tax break package after the national lockdown caused a “greater than 90 percent” drop-off for most businesses.Thomas Sands, president of the island’s Chamber of Commer
‘Closing the shortfall’: Port off 3% versus pre-COVID
Nassau’s main commercial port has “closed significantly on making up the shortfall” with container volumes just 3 percent off pre-COVID volumes for the 2021 second half.
Melia in 7% pt Easter increase
Nassau-based resorts yesterday reported a “very good Easter”, with one property telling Tribune Business it had seen a 7 percentage point increase in occupancies compared to last year’s holiday weekend.
FINCO rejects 90% of Gov’t home applicants
Royal Bank of Canada’s (RBC) mortgage lending arm rejected 90 per cent of applicants seeking loans to purchase government homes, a Cabinet Minister has revealed.
Port ‘revving up’ for $563k revenue boost
The Nassau Container Port is eyeing a $563,000 annual top-line boost after a two-year effort succeeded in bringing 90 per cent of auto-carrying vessels to its docks.
BOB allows for two ‘minority’ directors
Bank of the Bahamas will hold an Extraordinary General Meeting (EGM) within the next 90 days to elect two minority shareholder representatives to its Board of Directors.
Tourism rebounds to 90% pre-COVID level
Bahamian stopover arrivals rebounded to 90 percent of pre-COVID levels for July as the tourism recovery maintained its momentum by attracting some 3.677m visitors during the first seven months of 2022.
Ayton leads Suns to first preseason win
Another game, another dominant performance from top overall pick Deandre Ayton as he led the Suns to their first win of the 2018 NBA preseason.Ayton finished with 21 points, 15 rebounds, three blocked shots and three assists in the Suns’ 91-86 win ov
DeAndre Ayton dominates in Arizona Wildcats debut
DeAndre Ayton’s debut as an Arizona Wildcat lived up to the lofty expectations placed on him the day he stepped foot on his Tucson campus.The freshman forward dominated with 31 points and 10 rebounds in the Wildcats’ 91-63 win over the Eastern New Me
Etienne fast becoming the next Bahamian high jumper to watch
JYLES Etienne is fast becoming the next Bahamian male high jumper to watch.He’s coming off the Big Ten Athlete of the Week after the Indiana University’s junior posted a personal best and meet record of 2.23 metres or 7-feet, 3 3/4-inches at the Hoos
Lucayan managers agree settlement
GRAND Lucayan managers have agreed to voluntarily separate from the resort with a total payout of $4.4m, Tourism and Aviation Minister Dionisio D’Aguilar announced yesterday, signalling the end of an at times contentious battle between stakeholders.
Stop the blame game on murders
I was somewhat amazed when reading your editorial on January 7, 2015, about the Prime Minister saying it might have been unwise of him blaming the FNM for the crime problem in our country.
Little juice left
ActivTrades
Global stocks of orange juice have shrunk significantly, and raw material costs are rising. Consumers must be prepared for price increases for their most popular drink.
Lincoln Bain allowed appeal to Privy Council
THE Court of Appeal has granted Lincoln Bain permission to appeal its decision supporting a Supreme Court order that he repay monies on a failed investment.
‘Golden Yolk’ scheme to make us self-sufficient
THE launch of the Ministry of Agriculture’s “Golden Yolk” initiative was hailed yesterday by Prime Minister Philip “Brave” Davis as “one of the first steps in a marathon toward a more resilient, self-reliant Bahamas”.
Financial group chair to gain trailblazer award
A BAHAMIAN financial institution’s chairman is set to receive the Trailblazer Award at today’s Society of Trust and Estate Practitioners (STEP) Bahamas conference.
50,000 travel visas show scale of tourism drop
ABOUT 50,000 people bought travel health visas to enter The Bahamas in December, suggesting arrivals declined by more than 90 percent compared with December 2019 despite relaxed entry requirements.
