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COVID collapse sparked rare $1.7bn ‘dual deficit’

Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.

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Cybots celebrate

Practice makes perfect. Just ask the Mail Boat Cybots. Whenever they were not playing, win or lose, coach Wayde Watson had his Cybots in the gym preparing for their next game in the New Providence Basketball Association men’s best-of-seven championship series. Now they can look back and celebrate as the new champions.

Resort ‘hitting all targets’ with 95% of condos sold

The Goldwynn resort’s developer says its condominiums are 95 percent sold with the property “hitting all of its targets” ahead of what is predicted to be a strong 2024.

British Colonial receives 400 manager applicants

Some 400 persons yesterday applied for managerial posts at the re-opening British Colonial with the property targeting a workforce that is 95 percent Bahamian.

Foreigners take greater real estate market share

Bahamians are conceding an ever-larger share of the real estate market to foreign buyers, one well-known developer yesterday revealing that 100 per cent and 90 per cent of purchasers at his latest two projects were from overseas.

Extradition documents must be certified before any appeal to Privy Council

A MAN fighting extradition to Florida after being accused of a woman’s manslaughter must have the records of the extradition proceedings certified before the Privy Council in London can hear his appeal.

25% of mortgage credit ‘past due’

Almost $1 out of every $4 mortgage dollars lent by Bahamian commercial banks was past due at end-October 2014, Tribune Business can reveal, as the Government moves to revive its “dead in the woods” relief plan.

Carnival to begin dredging within 90 days for mega cruise port in East Grand Bahama

Carnival expects to commence dredging in East Grand Bahama for its mega cruise port in the next 60 to 90 days, a Carnival Corporation executive told hundreds of residents gathered at the Grand Lucayan Resort on Thursday evening.

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AML 'stops counting' at 2,000 resumes for 90 jobs

AML Foods yesterday told Tribune Business it had “stopped counting” after receiving over 2,000 applications for the 90 jobs that will be created when its Solomon’s Fresh Market store at Harbour Bay opens before Christmas, the situation highlighting why proposed Employment Act reforms should be shelved.

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Banks see $49.5mbad loans decline

By NEIL HARTNELL Tribune Business Editor Bahamian commercial banks experienced a collective $49.5 million or 4.1 per cent loan arrears reduction in February 2012, it was revealed last night, although it is probably too early to herald the start of a cred

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Parents need to take key role in education

Some public schools have seen student participation drop to “less than 50 percent,” Education Minister Jeff Lloyd revealed yesterday as he urged parents to take their children’s education more seriously.

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‘WE’RE GETTING THE JOB DONE’: Attorney General hails conviction rate of almost 90 percent

THE conviction rate for serious offences has increased to almost 90 percent despite the challenges brought on by the global pandemic, Attorney General Carl Bethel said yesterday.

Downtown 'disheartened' over cruise tourism wait

Downtown Nassau businesses are "disheartened" that cruise tourism may not return until the 2021 second quarter as the industry's passengers comprise up to 90 percent of their customer base.

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BPL targets fall 2021 for rental generation end

Bahamas Power & Light (BPL) last night confirmed it aims to end its reliance on rental generation by fall 2021 in a move that would save long-suffering consumers $2m-plus per month.

Arawak Port repayment causes $41m loan fall

The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.

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Miller: top hotel owes BEC $10m

BAHAMAS Electricity Corporation chairman Leslie Miller said one of the country’s hotels owes BEC as much as $10 million in unpaid light bills.

'Lacklustre' tourism in 3% room revenue fall-off

Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.

J R Cadot getting it done for the Horned Frogs

By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net HEADED into postseason play, and with a Conference tournament championship needed for a berth into the NCAA Tournament, J R Cadot is playing his best basketball of the season for the TCU Horned

J R Cadot getting it done for the Horned Frogs

By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net HEADED into postseason play, and with a Conference tournament championship needed for a berth into the NCAA Tournament, J R Cadot is playing his best basketball of the season for the TCU Horned

J R Cadot getting it done for the Horned Frogs

By RENALDO DORSETT Sports Reporter rdorsett@tribunemedia.net HEADED into postseason play, and with a Conference tournament championship needed for a berth into the NCAA Tournament, J R Cadot is playing his best basketball of the season for the TCU Horned