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Scotiabank: $80m mortgages restructured in 18 months
Scotiabank (Bahamas) yesterday disclosed it had managed to restructure more than $80 million worth of mortgages, held by over 500 customers, within the last 18 months, telling Tribune Business just 5-6 per cent of that number had fallen back into delinquency.
External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
Carnival cost nearly $10m
FOUR months after Bahamas Junkanoo Carnival, officials from the Bahamas National Festival Commission have finally released key financial details surrounding the event, revealing the total cost was $9.8m with a government subsidy of $8.1m.
‘I still think we played our heart out in all three games’
HIALEAH, Florida — After shooting the lights out in the first half, the Florida National University Conquistadors powered their way inside in the second half for a 91-57 victory over the College of the Bahamas Caribs men’s basketball team.
BPC faces $400k extra daily costs if drilling halted
Bahamas Petroleum Company's (BPC) chief executive is alleging it will incur extra costs of up to $400,000 per day if activists succeed in persuading the Supreme Court to halt its exploratory oil drilling.
Charities asked: Do you hold any of FTX’s $5.4m?
FTX’s Bahamian liquidators are “liaising” with local charities and non-profits over the collective $5.4m in donations they received from the collapsed crypto exchange to determine if they still hold any of these funds.
EDITORIAL: A high stakes game with the Supreme Court the prize
WHAT is really at stake in the great political circus now playing in Washington, DC?
Teens 'selling sex'
A NEW non-governmental organisation has discovered that around 85 per cent of sexually active teens in the Bahamas are engaging in some kind of transactional sex.
Chamber endorses CEO over 10-year securities barring
The Chamber of Commerce last night fully endorsed its chief executive’s performance and integrity after details of his ten-year securities industry ban and total $210,000 fines emerged.Michael Maura, the Chamber’s chairman, in a signed statement desc
NEMA evacuates 3,500
MORE than 3,000 people have been evacuated to New Providence in the wake of Hurricane Dorian.
Teams line up for 2017 Battle 4 Atlantis
NOT long after organisers closed the book on the sixth edition of the prestigious Battle 4 Atlantis, the teams scheduled to compete in 2017 over the annual Thanksgiving weekend was confirmed.
Villanova wins Battle 4 Atlantis
The Villanova Wildcats came to the Bahamas unranked in the new look Big East, but after defeating two of the top teams in the NCAA on consecutive nights, they emerged as the 2013 Battle 4 Atlantis champions.
Woman’s death brings murder count to 91
POLICE are investigating two separate incidents that left a woman dead and one man in the hospital yesterday morning.
Bahamas ‘can’t get away without VAT’
The Bahamas “couldn’t get away without” implementing Value-Added Tax (VAT), a prominent governance reform campaigner argued yesterday, because the national debt and annual deficits were simply “too high”.
BISX micro tier ‘not necessarily money making’
THE Bahamas International Securities Exchange (BISX) has admitted its planned micro-listing tier will be a loss-maker during its infant years, but believes the facility is essential to “bring the entrepreneurial spirit” into this nation.
Kai Jones signs with Klutch Sports ahead of NBA Draft
Kai Jones has signed with Klutch Sports Group ahead of the 2021 NBA Draft.
GB power officially opnes its $80M generation plant
The Grand Bahama Power Company (GBPC) has officially opened its $80 million West Sunrise Plant (WSP).
Bahamas faces recession if US falls over ‘fiscal cliff’
The US could tip the Bahamian economy back into recession within eight months unless Washington reaches a deal by tonight to avert its so-called ‘fiscal cliff’, a former finance minister has warned.
Dropping air routes 'not political move'
BAHAMASAIR General Manager Henry Woods yesterday dismissed claims that the decision to drop routes to Treasure Cay was a politically motivated punitive measure.
