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Distressed debt acquirer's unsecured loan expansion
A “bad mortgage” acquirer is aiming to further relieve distressed borrowers and their lenders by expanding into unsecured loan purchases, it was revealed yesterday.Sir Franklyn Wilson, whose group is one of the investors behind Gateway Financial, tol
$2.5m impact blunts Bahamas First profit
Bahamas First Holdings yesterday said it shrugged off a collective $2.5 million ‘hit’ from Hurricane Sandy and various investment/commission decreases to hit “90 per cent” of its 2012 comprehensive income target.
BTC 'exacerbates' $265m FDI decline
A $265 million decline in year-over-year net foreign investment (FDI) into the Bahamas is not as bad as it seems, the Central Bank’s governor yesterday saying that stripping out the BTC privatisation proceeds produced a more “modest” 7.6 per cent fall.
National champions
The Bahamas Basketball Federation’s Annual BTC Bunny Levarity National Championships ended with the two titles shared between New Providence and Grand Bahama at the DW Davis Gymnasium on Saturday night.
6,000 restructure debt during 2019 first half
More than 6,000 Bahamian borrowers applied for debt consolidation loans during the 2019 first half, making it the most sought-after form of consumer credit by some distance. The Central Bank’s latest Lending Conditions Survey, released yesterday, re
Operators rout RBDF Waves
THE Bommer G Operators routed the Defence Force Waves 73-40 as the New Providence Women’s Basketball Association continued its regular season at the DW Davis Gym on Saturday night.
Conference aims to help develop tomorrow’s leaders
LOCAL environmental advocacy group Save the Bays is committed to creating strong environmental leaders and ambassadors on Grand Bahama, hosting a three-day leadership development conference for young people at the Pelican Bay Resort last Friday.
VIDEO: Freddie Ramsey charged in BEC contracts bribe case
A 78-year-old man denied collecting more than $500,000 in bribes over a four-year span concerning generator purchase contracts for the Bahamas Electricity Corporation (BEC) in Magistrates’ Court on Friday morning.
Technology on the menu for Bahamas entrepreneur
FRED Lightbourn, owner of The Poop Deck at Sandyport, has been in the restaurant business for 30 years so has a wealth of experience of customers’ dining tastes, likes and dislikes.
Banks restructure $758m in bad loans
Bahamian commercial banks have restructured $758 million worth of loans over the past six-and-a-half years, a figure that represents more than $1 out of every $10 lent to private individuals and businesses.
GSSSA: RM Bailey senior boys get 56-53 win over CR Walker
SAMUEL Dean made every big play the RM Bailey Pacers needed down the stretch to propel his team to a thrilling win in GSSSA senior boys’ basketball play.
NPBA: Caribs top Elite 70-55, Rockets stun Giants 89-83
THE New Providence Basketball Association resumed its 2015/16 season at the AF Adderley Gymnasium over the weekend.
VAT Task Force results ‘speak for themselves’
The Value-Added Tax (VAT) Education Task Force’s remit came to an end on Tuesday after achieving most of its mandate, one member saying: “The results speak for themselves.”
Rubis issue is ‘beyond politics’ for residents
A SPOKESPERSON for the Justice for Marathon advocacy group said yesterday that she believes that the issues surrounding the 2012 Rubis gasoline leak are beyond politics for many of the area residents affected.
Court must now consider the safety of victims
A DAY after a man on bail was taken into police custody charged with murder, the Christie administration outlined restrictions in a Bill to Amend the Bail Act that aims to lessen the number of violent offenders who receive bail.
Mitchell tells OAS of concern about Bahamian brain drain
FOREIGN Affairs Minister Fred Mitchell expressed concern about “brain drain” in an address to the permanent council of the Organisation of American States yesterday.
OAS offering scholarship opportunities to Bahamians
BAHAMIAN students are being encouraged to take advantage of the large number of scholarship opportunities available through the Organisation of American States.
FNM executive member unhappy at not being picked to fight for seat
DISCORD reportedly continues within the Free National Movement (FNM), this time in the Mount Moriah Constituency Association, with one executive member expressing anger over an apparent snub concerning his candidacy for the seat.
Defence Force officer and girlfriend charged in connection with BTC shop break-in
A ROYAL Bahamas Defence Force officer and his girlfriend were arraigned in a Magistrate's court on Friday for their alleged involvement in a break-in and robbery at the Bahamas Telecommunications Company's JFK location last week.
‘Building Holistic Champions’
WHILE they will prepare to hold their fourth annual Motivational, Health & Wellness Seminar for their athletes this weekend, the Red-Line Athletics Track Club hosted a course for their coaches and management team.
