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Six-month 'past due' loans double to 60%

The proportion of non-performing loans more than six months’ past due has almost doubled from pre-recession levels to 60 per cent, reflecting both borrower struggles and bank repossession difficulties.

DNA leader hits out over continuing landfill fires

DEMOCRATIC National Alliance (DNA) Leader Branville McCartney said the Bahamas will “lose out on potential investors and tourists” if officials do not get a handle on the frequent fires the New Providence Landfill.

Central Bank: Growth ‘very mild’ for 2016

The Central Bank of the Bahamas agrees with international agencies that the Bahamian economy “will continue to grow at a very mild pace in 2016”.

Banks’ ‘aggressive lending’ helped fuel $1bn in bad loans

“Aggressive lending practices” by Bahamian commercial banks pre-recession has been cited by Moody’s as one factor behind “chronically high” non-performing loans totalling $1.028 billion at end-July 2014.

Louis Bacon wins conservation award

DECLARING that his “bold actions were inspiring others to protect and steward their lands,” the Land Trust Alliance (LTA) this month presented one of its highest and rarest honours to philanthropic conservationist Louis Bacon.

Giants rout Stingers

The New Providence Basketball Association resumed its regular season on Monday night after taking a break for the Christmas holiday. The Commonwealth Bank Giants pulled off a rout and the Pyramid Food Rockets got by in a squeaker at the AF Adderley Gymnasium.

Power cuts to go on - if $200m isn’t spent

CUSTOMERS will continue to suffer power outages if Bahamas Power and Light does not get $200m to turn it into an efficient power-generation entity, a former Cabinet minister told The Tribune yesterday.

BOB independent director choice an ‘arduous process’

Bank of the Bahamas yesterday gave its 35 per cent minority shareholders just one week to select independent director candidates, who must comply with a strict qualifying criteria.

Freeport revival eyeing 24% jobs growth in decade

Government advisers predicted that Freeport’s workforce could expand by 24 per cent in 10 years via an economic growth plan that featured new industries such as aircraft maintenance and ‘value-added’ logistics.

Gov’t plans to narrow VAT payment window

The Government yesterday unveiled plans to shrink the Value-Added Tax (VAT) payment window by seven days, and other revenue enforcement measures, amid the numerous tariff rate cuts consistent with a pre-election Budget.

Ayton and Suns eliminated

PHOENIX (AP) — Luka Doncic scored 35 points, Spencer Dinwiddie added 30 and the Dallas Mavericks stunned the top-seeded Phoenix Suns with a 123-90 Game 7 blowout last night, advancing to the Western Conference finals for the first time since 2011.

A reckless promise that might founder

TUESDAY’S first cabinet meeting of the newly-elected PLP government, marked Day One of its first 100 days of governing, Prime Minister Perry Christie announced. Day One was also marked with a warning salvo from Moody’s Investment Services, one of three major credit rating agencies.

$2m safety margin for City Markets pension fund

THE value of the City Markets' staff pension fund's main asset "supersedes" what is owed to plan beneficiaries by some $2 million, one of its trustees saying yesterday that he hoped to conclude a deal for its sale "within the next week".

Young DJs show versatility

THE four young Bahamian deejays, part of were born in the 90's. Yet, their knowledge of a wide range of musical genres extends as far back as the 50's. THEY were born in the 1990s, but their knowledge of music goes

Migration down overall - but rise in those headed to the US

ROYAL Bahamas Defence Force (RBDF) Commodore Raymond King said the northern Bahamas has seen a 90 per cent increase in migration to the United States.

YOUR SAY: The challenges posed by Venezuelan government

THE Bahamas and the United States share a deep democratic tradition. With the most recent election in the Bahamas, I witnessed first-hand the power of that democracy and the dedication of the Bahamian people to that tradition. With nearly 90 per cen

NAUGHTY'S NFL PICKS: ‘Myth has it Chiefs are unbeatable at home in playoffs...Lies I say’

SO there’s no confusion, there was a typo last week, my actual final tally was 164-90-2 for the regular season, (hey Sheldon Longley over there at my old stomping grounds, the Nassau Guardian, that’s a dead heat, so stop telling folks on FB you beat me! If you want to break the tie, my Cowboys were 13-3 your Dolphins 11-5, I win.)

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