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CIBC’s corporate unit in 40% bad loan shrink
CIBC FirstCaribbean’s Bahamian corporate and investment banking unit saw non-performing loans shrink by almost 40 per cent in its 2016 financial year, as the bank continued its “solid” recovery from past credit provisioning.
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.
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.
Tourism targets 45,000 visitor reopening peak
A Cabinet minister yesterday predicted stopover visitor arrivals will hit a 45,000 post-COVID re-opening peak for March - albeit they remain up to 90 percent down on pre-pandemic levels.
2% of drugs pass through The Bahamas
NEARLY 99 per cent of the illegal firearms taken off the streets and into police custody have been traced back to Florida, National Security Minister Dr Bernard Nottage said yesterday.
Oil explorer: 'We will pay double required royalties'
A Bahamas-based oil explorer yesterday said it will "pay double the royalties that the law provides for" to the Government should it strike success when exploratory drilling starts in less than a month.
Online poll voters back Miller in benefits row
Voters in The Tribune poll have backed BEC chairman Leslie Miller in the row over benefits.
NPBA: Resistance, Rockets and Stingers in the win column
THE New Providence Basketball Association hosted a triple header at the AF Adderley Gymnasium on Saturday night.
Dames: We must identify the causes of crime
MINISTER of National Security Marvin Dames recently said that over the past decade, escalating crime and violence numbers have presented challenges to the economic and social development of The Bahamas.“Much of the violence and crime that we are seei
Most Eleuthera firms suffer 90% drop-off
Eleuthera’s private sector yesterday called for an 18-24 month construction sector tax break package after the national lockdown caused a “greater than 90 percent” drop-off for most businesses.Thomas Sands, president of the island’s Chamber of Commer
AG: 'We were protecting vulnerable from calamity'
The attorney general yesterday pledged to “clarify” a life and health insurance order that was designed to prevent poor and elderly policyholders suffering a “catastrophe” amid the COVID-19 crisis. Carl Bethel QC told Tribune Business that the gover
How was infected able to fly home?
PRIME Minister Dr Hubert Minnis said a person who tested positive for COVID-19 was among the 183 residents who returned to the country on Friday, prompting a suspension of repatriation exercises. His revelation during a national address yesterday came as the country went without an additional confirmed COVID-19 case for the fourth consecutive day.
VAT rate will 'double' with poor compliance
A Tax Coalition co-chair yesterday said the Government “desperately” needed to release its Value-Added Tax (VAT) education curriculum and modules, warning that this was vital to “maximise compliance” immediately the new tax kicked in.
$500M REVENUE RISE NO FISCAL GAP BRIDGE
By NEIL HARTNELL Tribune Business Editor The Government's annual fiscal deficit averaged more than $170 million during the 2002-2008 'economic boom' years despite an almost $500 million rise in revenues over that period, showing that reining in out-of-co
Jones and Liberty topple defending champions in 38-point blowout win
JONQUEL Jones and the New York Liberty routed the Women’s National Basketball Association (WNBA) defending champions, the Las Vegas Aces, in a 38-point blowout win.
‘SWEET BELLS’ ON KLAY INJURY: ‘IT’S A PART OF LIFE’
MYCHAL ‘Sweet Bells’ Thompson, the first Bahamian and international player to be selected as the No.1 pick in the National Basketball Association (NBA)’s draft in 1978, remembered when he suffered a broken leg in a pickup game at the AF Adderley Gymnasium.
Doctors in 40% public GB hospital ownership
Doctors Hospital is planning to offer at least a 40 percent collective ownership stake to Grand Bahamians in the $15m-$20m hospital it plans to open on that island by the 2022 second quarter.
Irma hits 80% of Bahamas’ marina market
Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.
FIFA U-15 CentroBasket: Two defeats for Bahamas
THE Bahamas’ team at the FIFA Under-15 CentroBasket Championships got a rude awakening in the first two games they played over the weekend at the Fernando ‘Rube’ Hernandez Coliseo in Gurabo, Puerto Rico.
Palm Cay marina targets 50% slip rental growth
The manager of New Providence’s newest full-service marina yesterday said he is expecting a “solid season” that could see a 50 per cent improvement in boat slip rentals, and an even greater increase in fuel and other services sales.
