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‘Major progress’ on one insurance law
Regulators say “significant progress” has been made in combining the Bahamian insurance industry’s regulatory regime into one law after the sector saw gross written premiums increase by $60m in 2022.
DIANE PHILLIPS: Cars, cars and more cars
THERE are 145,000 registered vehicles, give or take a few, in The Bahamas, 90% of them likely on an island that measures 21x7 miles. The only thing we might have more of in terms of numbers is cellphones, but then there is one big difference. Just about everyone knows how to use a cellphone.
Warriors are NBA champions
BOSTON (AP) — The Golden State Warriors are NBA champions once again, topping the Boston Celtics 103-90 last night for their fourth title in the last eight seasons.
Revived provider targets ‘100-plus’ staff in next year
A rejuvenated Bahamian communications provider yesterday said it plans to expand its workforce to 100-plus persons over the year, and invest $3 million in completing its network roll-out.
Nearly $50m loans fall into delinquency
Almost $50m worth of loans became delinquent during May 2021 as COVID-19 payment deferrals continued to expire, the Central Bank of The Bahamas has revealed.
BOB: ‘Break even excellent’ for 2021
Bank of The Bahamas’ top executive says it will “be excellent” if its closes its 2021 financial year in a “break even” position after incurring $20m in loan loss provisions over the past two years.
Bahamasair’s revenue off a ‘staggering’ $32m
Bahamasair’s “staggering” financial losses continue to mount, its chairman revealed yesterday, disclosing that revenues for its just-completed 2020 financial year were down $32m compared to 2019.
'We're working to provide temporary housing in Abaco'
CHAIRMAN of the Disaster Reconstruction Authority John-Michael Clarke said yesterday the authority will be working with the Department of Social Services to determine a solution to provide “temporary” housing in Abaco for displaced shelter victims li
Activists seeking to add Town Planning to oil drilling battle
Oil exploration opponents yesterday sought the Supreme Court's approval to add the Town Planning Committee as a "fourth respondent" in their challenge to Bahamas Petroleum Company's (BPC) drilling.
Oil exploration 'not in country's interest'
A University of The Bahamas (UB) professor yesterday said that exploratory oil drilling is “absolutely against our best interest” as a country due to the nation's climate change vulnerabilities.
Construction starts to take '40-60% hit'
New construction starts will take a 40-60 percent hit, a former Bahamian Contractors Association (BCA) president predicted yesterday, with the industry unlikely to rebound until near year-end. Leonard Sands, pictured , told Tribune Business that whi
ACP Butler: Nothing could have prepared me for Dorian
HURRICANE Dorian brought on a “new phenomena” for Grand Bahama and the northern Bahamas, according to Assistant Commissioner of Police Samuel Butler who admits having to abandon their pre-storm police plans in order to save lives. He said that nothi
Baseball prospects move up MLB Pipeline
BAHAMIAN baseball players continue to progress in their respective organisations as Major League Baseball Pipeline began its annual practice of revealing its top 30 prospects for each franchise.
‘Truly a new day’ as senate passes COVID-19 bill
THE Senate last night passed legislation that will lead to the end of suspensions of certain provisions put in place under the state of emergency.
Warning over coral plague
BAHAMIANS must “sound the alarm” and the government must take swift action to address stony coral tissue loss disease, a fast-spreading bacteria that is ravaging coral reefs throughout the country, says Waterkeepers Bahamas President Joseph Darville.
Govt warned: ‘Move quickly’ on reforms after Ocean Club
A trade union leader yesterday said the One & Only Ocean Club terminations had reinforced the need for the Government to “move quickly” in changing the law to ensure expired industrial agreements remain in effect until new deals are sealed.
‘Bad bank loans’ drop below $1bn
Commercial bank loan arrears fell below the $1 billion mark for the first time in years at end-February 2017, with ‘bad’ credit having declined by almost $200 million over the previous 12 months.
Bran challenges FNM on Andros timber deal
The Democratic National Alliance’s (DNA) leader yesterday challenged the Official Opposition to pursue the latest ‘Chinese deal’ on Andros, given that one of its principals is an FNM MP’s son.
Central Bank: Economy not cutting jobless rate
The Central Bank of the Bahamas has warned that the Bahamian economy is not expanding fast enough to reduce the 13.7 per cent unemployment rate, with tourist arrival growth less than one-third of 2012’s performance.
Chamber chief: 2-2.5% growth is 'a stretch'
The Bahamas Chamber of Commerce’s (BCCEC) chief executive yesterday said it would be “a stretch” for this country to generate even 2-2.5 per cent economic growth for 2013, although he expressed hope that last year’s 5.5 per cent decline in commercial loan arrears was a “sign of things to come”.
