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90% of workforce has existing loans
Around 90 per cent of the Bahamian workforce have existing loans to service, although the number of active accounts has declined by 12.7 per cent over a five-year period.
$150M TRUST URGED TO RESCUE HOUSING MARKET
By NEIL HARTNELL Tribune Business Editor The Government was yesterday urged to invest $100-$150 million into a Foreclosure Trust as a way to solve this nation's mortgage/housing crisis, a well-known businessman telling Tribune Business that the returns g
‘Subdued’ 2017 start for tourism industry
The Bahamian economy endured a “soft” January amid “constrained” tourism output, with passenger traffic passing through Lynden Pindling International Airport (LPIA) up just 0.1 per cent year-over-year.
Man accused of robbing at gunpoint to snatch $6,000
A 20-year-old man was charged yesterday with robbing four persons, including an officer, at gunpoint of more than $6,000 worth of cash and merchandise over a two-day period, then attempting to kill someone else just five days later.
Global warming’s huge threat to Bahamas
The Bahamas is at risk of losing 80 percent of its landmass in the next eight decades due to the current pace of global warming, according to Bahamian T Oneil Johnson Jr.
Coleby set for United Arab Emirates National Basketball League
DWIGHT Coleby joined his third club of the 2021- 22 season while several other Bahamian frontcourt players had season high performances for their respective clubs.
Bank branches shrink 30% in seven years
The number of commercial bank branches in The Bahamas has declined by almost 30 percent over the past seven years, the Central Bank’s governor revealed yesterday.
SuperGreen Solutions: Summer school on electricity savings
School is back in session, which means summer will soon be on its way out and fall will follow.
Atlantis launches summer season with double bill of shows
THE Atlantis resort will host two unique events this weekend marking the launch of the resort’s “summer in Atlantis” series.
‘LAUGHABLE’: Davis blasts govt over explanation on Pointe permits
THE government's disappointment in the ratio of foreign workers to Bahamian labour at The Pointe is "laughable," according to Progressive Liberal Party Leader Philip "Brave" Davis.
Educators honoured for efforts to reduce HIV infections, prevent teen pregnancy
MORE than 90 educators across the country were honoured on Friday for their efforts to reduce HIV infections among adolescents and prevent teen pregnancy.
New auto sales plunge 90% at COVID’s peak
New car sales plunged more than 90 percent during the COVID-19 lockdown’s peak, data seen by Tribune Business has revealed, with many dealerships “not selling a single vehicle” for April.
800 job applications for new mobile player
Cable Bahamas had received around 800 applications for jobs with the nation's second mobile provider by end-last week, it was revealed yesterday, and is confident the new operator can beat its financial targets.
Dorian rebuild in question for 98% on tax break loss
Some 98 percent of business and home owners in Dorian-devastated Abaco say reinstating 10 percent VAT on construction services will “significantly influence” whether they rebuild or not.
All-Stars shine in New York Parade
THE Bahamas All-Star Band made history yesterday as the first international marching band to participate in the Macy’s Thanksgiving Day Parade in New York.
VAT and pricing
THIS an open letter to the Acting Financial Secretary with respect to the Vat exemption for bread basket items.
Contractor 'grind' over Baha Mar pay delays
Bahamian contractors yesterday disclosed it was “a grind” to obtain timely payment for work done on the $3.5 billion Baha Mar project, with waits up to 90-120 days hitting cash flow and eating into already-thin profit margins.
Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
University of the Bahamas Mingoes rout island game pros 89-70
COACH Baccus Rolle said he knew sooner or later his University of the Bahamas Mingoes would explode against the Island Game Pros. He just didn’t know when.
