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Non-performing loans breach $1bn barrier
Total tourist arrivals to the Bahamas for the 2014 first half increased by 2.8 per cent to 3.3 million, with higher-yielding stopovers recovering some of 2013’s decline.
Maynard: We’ll still have load shedding
BAHAMAS Electrical Workers Union president Paul Maynard believes load shedding at Bahamas Power and Light will still occasionally happen until an additional 90 megawatts of generation is brought on stream.
$30m Old Fort Town Centre 90% leased
THE New Providence Development Company (NPDco) has leased out 90 per cent of the retail space in its $30 million Old Fort Bay Town Centre, Tribune Business was told yesterday, as it moves to finalise arrangements for a second anchor tenant.
Commercial properties: 70% behind on taxes
Some 70 percent of commercial properties are in arrears on their real property tax payments, it was revealed yesterday, although a “high proportion” of Bahamian homeowners are compliant.
Potential tropical storm development heading west in central Caribbean
THUNDERSTORM activity associated with a strong tropical wave over the central Caribbean Sea about 350 miles east-southeast of Kingston, Jamaica, is threatening to develop into a tropical storm later on Monday or overnight according to the National Hurricane Centre in Miami.
A great loss for us all
Tragedy is something we are never prepared for. The shock of murder is unexplainable, unfathomable.
Man fights for life after stabbing
A 24-year-old man is fighting for his life in hospital after being repeatedly stabbed.
Fined $200 for cocaine possession
A 26-year-old man who was caught with three grams of cocaine was fined $200 in Magistrates Court yesterday.
Pompey Square hosts National Testing Day
"Get Tested Bey" is the message to the public as part of the 12th annual National Testing Day - held in Pompey Square on Friday.
$9.4m increase 'no evidence' of moral hazard on mortgages
A leading banker believes there is “no evidence” to show the almost-$10 million May increase in mortgages between 31-90 days in arrears was produced by moral hazard relating to the political parties’ relief plans, adding that data indicates the bad credit situation is “bottoming out”.
Baker's Bay alone a $1bn Dorian loss
Dorian-related insurance losses are “heavily skewed” towards Abaco with one resort development potentially accounting for $800m to $1bn worth of claims by itself. Charles Johnson, a Bahamas Insurance Association (BIA) council member, told the annual
Sports in brief
WALTIEA Rolle earned the top performer award again this week by BGBasket.com for her outstanding performance in the NBL League, Bulgaria. Haskovo 2012 beat out No.6 team Rilski Sportist with an 85- 62 win.
Veteran forward Kino Burrows scores 13 in 90-53 blowout victory for Byers
KINO Burrows and the FOS Provence Basket Byers continue the French LNB Pro B Leaders Cup as they continue their preparation for the 2020-21 season.
World War II veterans threaten to boycott govt's Remembrance Day ceremony
FRUSTRATED World War II veterans yesterday threatened to boycott the government's Remembrance Day ceremony in protest of its failure to increase war pensions for more than half a century.
Mitchell says veterans’ pensions still under review
FOREIGN Affairs and Immigration Minister Fred Mitchell yesterday said the issue of pensions for World War II veterans is still under active review.
Parole committee to deliver recommendations
THE government’s commitment to effective rehabilitation and public safety will be put to the test when the Parole Re-entry Steering Committee delivers its recommendations for a parole system and the reintegration of past offenders into Bahamian society, according to committee Co-chair retired Anglican Archbishop Drexel Gomez.
BPL announces plan to resume disconnections
BAHAMAS Power and Light announced yesterday that it will immediately resume disconnection of electricity services of residential customers who have $500 or more in arrears for more than 90 days as of April 1. “Any customers with a balance more than
Chanticleers open Baha Mar Hoops ‘Nassau Championship’ with victory
AHMARD Harvey had an opportunity to play an official game on Bahamian soil for the first time since his high school days but remains out of the rotation for the Coastal Carolina Chanticleers at this point in the season.
Activists demand 90-day extension to Disney review
Environmental activists yesterday urged the government to extend the consultation over the Lighthouse Point project to 90 days while accusing it of leaving the process “in Disney’s hands”.
Central Bank eyes digital B$ by 2021
THE Central Bank is aiming to roll-out a ‘test’ digital Bahamian currency by 2021, the Deputy Prime Minister disclosed yesterday, while slamming the banks for “forcing” electronic banking.K P Turnquest, in an address to the ComplianceAid Caribbean An
