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Reflating economy aids $11.843bn debt burden
The Bahamas’ $11.843bn national debt at end-March 2022 has dropped below this nation’s economic output due to the continued post-COVID-rebound, resulting in a debt-to-GDP ratio of around 98.4 percent.
THE PRESS BOX: THE SECOND TIME AROUND
THE big question for the Lakers now is how they can further improve their roster in free agency. They have holes to fill after trading the likes of Lonzo Ball and Brandon Ingram and Josh Hart, in order to acquire Davis. They would presumably like to
City Markets job fear
TENSIONS remain high as 400 City Market employees are still unsure about the future of their jobs. According to Rosalie McKenzie, Bahamas Commercial Stores, Supermarkets and Warehouse Workers Union (BCSWWU) administrator, as talk persists of the impending closure of City Market's four remaining stores, employees are worried they will be left without compensation - especially as some of them have not been paid for three weeks.
DOUBTS OVER SMITH’S ‘ABSURD’ ASSET CLAIM: Sands asks how can former passport chief not have bank account
DR DUANE Sands ripped into Kingsley Smith’s financial declarations for the West Grand Bahama and Bimini by-election, insisting the PLP’s candidate has “absurdly” implied that he does not have a bank account.
CIBC’s corporate unit in 40% bad loan shrink
CIBC FirstCaribbean’s Bahamian corporate and investment banking unit saw non-performing loans shrink by almost 40 per cent in its 2016 financial year, as the bank continued its “solid” recovery from past credit provisioning.
DNA pledges $90m boost via Business Licence overhaul
The Democratic National Alliance (DNA) yesterday pledged to return $90 million to Bahamian businesses and the wider economy by reducing Business Licence fees to a nominal sum.
UPDATED: Christie loses Centreville seat by four votes
DESPITE eight consecutive terms as Centreville’s member of Parliament, former Prime Minister Perry Christie’s loss of the seat became official on Friday after an all-night recount revealed that he lost to Free National Movement (FNM) newcomer Reece Chipman.
Financial services 'challenged' to grow
Global pressures continue to impact the Bahamian financial services industry, the Deputy Prime Minister saying it remains” challenged to maintain and grow market share”.K P Turnquest told a Securities Commission industry briefing that while wealth co
Five years in jail for ringleader in housebreaking and theft group
A 35-year-old man was convicted and sentenced yesterday to five years in prison in connection with a five-month long housebreaking and theft ring which netted an estimated $13,916 in stolen property.Tiffalo Johnson, of Native Yard, East Street North,
Health insurer's Bahamas exit to be 'orderly'
Regulators yesterday said they expect a “very orderly wind-down” of a Bahamas-based health insurer as it readies to exit the market by December 2021. Michele Fields, the Insurance Commission’s superintendent, confirmed to Tribune Business that Gener
Bahamas First closes $4.28m premium 'gap'
Bahamas First’s top executive yesterday said the insurer has largely closed a $4.276m premium income “gap” that opened towards the 2020 first quarter end due to the COVID-19 lockdown. Patrick Ward, the property and casualty underwriter’s president a
Credit Bureau ‘eye opener’ for debt-laden Bahamians
The proposed Credit Bureau will be an “eye opener” for many Bahamian consumers when it exposes just how heavily indebted they are, the Central Bank’s governor said yesterday.
Colina Insurance in outlook boost
The Bahamas’ largest life and health insurer yesterday received a boost from the industry’s top rating agency, which upgraded the company’s outlook to ‘stable’ from ‘negative’.
Bahamasair: 20% of subsidy pays off Gov't bills
More than 20 per cent of the $23.476 million taxpayer subsidy granted to Bahamasair in fiscal 2011-2012 went on a money ‘merry go round’ to pay bills the airline owed to its Government shareholder.
Police road checks net 91 Grand Bahama motorists
GRAND Bahama police have cited 91 people for various traffic violations as a result of road check exercises in the past two days.
Fiscal snapshot: $33m revenue increase over 12 months
THE Ministry of Finance yesterday released its fiscal snapshot that showed a $33m increase in revenue over 12 months as the economy continues to rebound.
FATCA seminar to focus on inter gov't approach
The symposium on the US Foreign Account Tax Compliance Act (FATCA) will feature a session on the Intergovernmental Agreements (IGA) introduced as a mechanism for implementing compliance with its demands.
Consumer debt to challenge FINCO
A major mortgage lender has warned it will be increasingly challenged to grow its loan book because COVID-19 has “compounded” the strain for Bahamians already highly leveraged on consumer debt.
Why must we rely on gambling?
Gambling - be it Web Shops, Lottery or what have you! Do we, the Government, have to rely on this social breaker to such a high extent?
Aviation attorney gives aircraft registry update
A Higgs & Johnson partner addressed proposed upgrades to this nation’s aviation regime at the recent International Business and Finance Summit (IBFS) in Bimini.
