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Massive drop in drug trade to US
By KHRISNA VIRGIL
Near 50% of Bahamians 'cannot make ends meet'
Nearly 50 per cent of Bahamians are struggling to “make ends meet”, the Central Bank revealed yesterday, with monthly earnings “usually insufficient” to cover their living costs.The regulator, unveiling an analysis of its Financial Literacy Survey 20
DNA leader hits out over continuing landfill fires
DEMOCRATIC National Alliance (DNA) Leader Branville McCartney said the Bahamas will “lose out on potential investors and tourists” if officials do not get a handle on the frequent fires the New Providence Landfill.
Banks’ ‘aggressive lending’ helped fuel $1bn in bad loans
“Aggressive lending practices” by Bahamian commercial banks pre-recession has been cited by Moody’s as one factor behind “chronically high” non-performing loans totalling $1.028 billion at end-July 2014.
Bobby Brown helps make GB's first Jingle Ball a success
GRAND BAHAMA party-goers were treated to a post-Christmas gift last Saturday as ‘80s R&B superstar Bobby Brown headlined the first ever Jingle Ball concert.
Power cuts to go on - if $200m isn’t spent
CUSTOMERS will continue to suffer power outages if Bahamas Power and Light does not get $200m to turn it into an efficient power-generation entity, a former Cabinet minister told The Tribune yesterday.
BOB independent director choice an ‘arduous process’
Bank of the Bahamas yesterday gave its 35 per cent minority shareholders just one week to select independent director candidates, who must comply with a strict qualifying criteria.
A reckless promise that might founder
TUESDAY’S first cabinet meeting of the newly-elected PLP government, marked Day One of its first 100 days of governing, Prime Minister Perry Christie announced. Day One was also marked with a warning salvo from Moody’s Investment Services, one of three major credit rating agencies.
$2m safety margin for City Markets pension fund
THE value of the City Markets' staff pension fund's main asset "supersedes" what is owed to plan beneficiaries by some $2 million, one of its trustees saying yesterday that he hoped to conclude a deal for its sale "within the next week".
Young DJs show versatility
THE four young Bahamian deejays, part of were born in the 90's. Yet, their knowledge of a wide range of musical genres extends as far back as the 50's. THEY were born in the 1990s, but their knowledge of music goes
Migration down overall - but rise in those headed to the US
ROYAL Bahamas Defence Force (RBDF) Commodore Raymond King said the northern Bahamas has seen a 90 per cent increase in migration to the United States.
NAUGHTY'S NFL PICKS: ‘Myth has it Chiefs are unbeatable at home in playoffs...Lies I say’
SO there’s no confusion, there was a typo last week, my actual final tally was 164-90-2 for the regular season, (hey Sheldon Longley over there at my old stomping grounds, the Nassau Guardian, that’s a dead heat, so stop telling folks on FB you beat me! If you want to break the tie, my Cowboys were 13-3 your Dolphins 11-5, I win.)
Banks suffer 37% profitability decline
Bahamian commercial banks saw total private sector loan arrears increase by $76m during the 2020 fourth quarter as the sector’s collective profitability shrunk by 37 percent year-over-year.
Loan arrears fall $125m in 2019 to decade-low
Total loan arrears fell by $123.5m or 15 percent during 2019 to hit their lowest level for a decade at year-end, a Central Bank of The Bahamas presentation has revealed.The monetary policy regulator, unveiling the status of credit quality within the
Turnquest disappointed by Scotiabank move
DEPUTY Prime Minister Peter Turnquest is disappointed by Scotiabank’s decision to close branches at several islands and says the move would bring “hardship” for residents.
Coleby key contributor off the bench for Jayhawks
Playing limited minutes this season due to recovery from a torn ACL, Bahamian collegiate basketball player Dwight Coleby has logged valuable minutes thus far in the NCAA Tournament and his teammates, along with the international media, have taken notice.
NPBA: Regulators get 72-66 win over Stingers
ALEXANDER Rolle came off the bench and scored 15 points to help power the Leno Regulators to a 72-66 victory over the PJ Stingers as the New Providence Basketball Association continued its regular season action on Saturday night. It was one of three games played at the AF Adderley Gymnasium.
Delinquent bank loans push beyond $1bn mark
Delinquent bank loans pushed beyond the $1 billion mark in May, with net passenger departures through the Bahamas’ major airport down 3.4 per cent for the first five months of 2017.
Power company applauded for work in restoring electricity
SARAH St George, vice-chairman of the Grand Bahama Port Authority (GBPA), has commended the Grand Bahama Power Company (GBPC) for the significant progress it has made in restoring power to the hurricane-ravaged island, reporting that 90 per cent of customers were energised as of Tuesday evening.
Minnis calls on govt to declare 'disaster areas'
FREE National Movement Leader Dr Hubert Minnis has called on the Christie administration to declare all of the areas devastated by Hurricane Matthew "disaster areas", insisting that the move should be paired with robust exigency orders and extensive rate cuts by financial institutions and private business to "help rebuild the country and keep Bahamians safe”.
