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Banks see $49.5mbad loans decline
By NEIL HARTNELL Tribune Business Editor Bahamian commercial banks experienced a collective $49.5 million or 4.1 per cent loan arrears reduction in February 2012, it was revealed last night, although it is probably too early to herald the start of a cred
Parents need to take key role in education
Some public schools have seen student participation drop to “less than 50 percent,” Education Minister Jeff Lloyd revealed yesterday as he urged parents to take their children’s education more seriously.
Downtown 'disheartened' over cruise tourism wait
Downtown Nassau businesses are "disheartened" that cruise tourism may not return until the 2021 second quarter as the industry's passengers comprise up to 90 percent of their customer base.
BPL targets fall 2021 for rental generation end
Bahamas Power & Light (BPL) last night confirmed it aims to end its reliance on rental generation by fall 2021 in a move that would save long-suffering consumers $2m-plus per month.
Arawak Port repayment causes $41m loan fall
The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.
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.
'Lacklustre' tourism in 3% room revenue fall-off
Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.
Tourism in ‘huge win’ on COVID test ease
Bahamian tourism was yesterday said to have secured “a huge win” after millions of dollars in visitor bookings were rescued by the Government suspending tougher COVID testing measures.
WORLD VIEW: Are people in the Caribbean becoming architects of their own destruction?
THE question has to be asked. Are some people in Caribbean countries becoming the architects of their own and the region’s destruction?
Fidelity 'turns on a dime' via 67% profit rise
Fidelity Bank (Bahamas) yesterday said its ability to “turn on a dime” gave it a competitive advantage over larger commercial banks, although it conceded it had “taken many years” to deliver 2012’s $6.4 million comprehensive income.
Bahamian engineers told to seek more foreign JVs
Bahamian companies should seek foreign joint venture partnerships to present a more “complete package” to Government when bidding on contracts, a leading Bahamian engineer said yesterday, suggesting this was an area where many were ‘falling down’.
DELTA VARIANT NOW AT LARGE: Health officials confirm feared version of virus has been detected here
THE highly contagious Delta variant is the predominant strain in The Bahamas, the Ministry of Health confirmed yesterday, after getting back genomic sequencing results from samples sent to a laboratory in Brazil.
Ministry's 'strong support' for $100k VAT threshold
Increasing the compulsory Value-Added Tax (VAT) registration threshold to a $100,000 annual turnover has “strong support” within the Ministry of Finance, as it would still capture almost 98 per cent of economic activity.
Month’s end closing for John S George
One of the Bahamas’ best-known and historic retail names is ceasing business at month’s end with the loss of “under 15 jobs”, its owner yesterday telling Tribune Business he had been unable to “make inroads” into the annual $1 million losses it was suffering when he took over.
Vaccination move is shot in the arm
TOURISM Minister Dionisio D’Aguilar said he thinks allowing fully vaccinated travellers to The Bahamas without a negative COVID-19 RT-PCR test will make the country a more attractive destination for visitors.
Bahamas ‘stands out like sore thumb’ over COVID entry testing
Tourism executives are warning The Bahamas “stands out like a sore thumb” over its continued COVID entry testing measures after the US eliminated such restrictions with effect from midnight yesterday.
FRONT PORCH: Vaccine mandates and requirements needed to save lives
A colleague cum friend becomes apoplectic when discussing those refusing to be vaccinated against COVID-19, putting others, including family members, colleagues and strangers at risk of getting gravely sick or dying.
'Madness': 90% of loan requests are consumer
The Bahamas' consumer loan "madness" is making sustainable economic development impossible, as more than nine out of every 10 credit applications fall into this category.
NPBA: UB Mingoes, Elite make it to the win column
THE University of the Bahamas Mingoes and the Basden Elevator Elite won their games in the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Monday night.
COVID-19 forces Atlantic University sport to a halt
BAHAMIAN student athletes were looking to return from the Atlantic University Sport (AUS) winter break and resume their basketball seasons next week, but the COVID- 19 pandemic has forced the conference to postpone all competition.
