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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.
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.
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
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.
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.
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.
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.
Sports Notes
THE Baptist Sports Council is scheduled to continue its 2015 Softball Classic in the Banker’s Field at the Baillou Hills Sporting Complex this week.
Sports notes
THE New Providence Oldtimers Softball Association is slated to return to action over the weekend of November 7-8.
Scientists shocked by foot-long sea creature in Bahamian waters
SCIENTISTS at the Cape Eleuthera Institute received the shock of their lives when they discovered that the teeth marks that almost gnawed through the cables of an underwater camera system belonged to a massive woodlouse.
Long Island boats dominate King Eric Gibson All-For-One Regatta
THE third annual King Eric Gibson All-For-One Regatta over the weekend in Montagu Bay was dominated by the boats from Long Island in all three catergories.
Hotels report ‘very positive business’
BAHA Mar’s forward bookings for the 2018-2019 winter season were described yesterday as “very positive” and “much better than last year”.
Government urged to speed up Downtown demolitions
THE Downtown Nassau Partnership has called on the government to get serious with owners of abandoned and dilapidated buildings on Bay Street.
The Majors: Jazz plays for Marlins
JAZZ Chisholm was the latest Bahamian to crack the Major League when he came out of the dugout to play for the Miami Marlins last night.
Questions over BPL and URCA
There is a headline today: URCA to investigate BPL fires attributed to URCA’s CEO Bereaux. With respect to Mr Bereaux where is the investigation as to why BP&L who are totally governed through URCA did not apply under Articles…15…25-28 for permission to change the type of generation and fuel at Clifton?
