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'Stability' concern on NIB's $100m COVID drawdown
The Central Bank has voiced confidence that COVID-19 will not produce a 'bad loan' blow-out to match the $1.2bn credit arrears peak caused by the 2008-2009 global recession.
‘Russian Roulette’ by 20% of drivers
More than 20 percent of Bahamian drivers “are playing Russian Roulette” with people’s lives because they have no insurance protection, a top industry executive warned yesterday.
AID’s $1.5m reason for ‘no Christmas stock shortages’
A major Bahamian retailer yesterday pledged there will be “no Christmas inventory shortages” despite ongoing global supply chain disruption, with $1.5m in merchandise due to arrive this month.
Construction costs to jump 20% this year
Two ex-Bahamian Contractors Association (BCA) presidents yesterday warned that construction costs will likely increase up to 20 percent this year as cement became the latest product to take a hit.
Like a deep sea diver we need to breathe life into the economy
ActivTrades
IN 2016, the Spanish diver Aleix Segura Vendrell became the world record holder for breath-holding free diving, managing to hold his breath for an incredible 24 minutes and three seconds.
Super Value fighting price hikes ‘as long as we can’
Super Value’s president yesterday pledged to hold-off food price increases as long as possible, but reiterated that eight to ten percent rises by Christmas “is not a prediction but a fact”.
GROCERY BILL SET TO SOAR: Supermarket boss warns families face 8-10% price hikes
Super Value’s president yesterday warned that consumers will have “a big pill” to swallow by Christmas, as he predicted that grocery and meat prices will increase by eight percent and 10-12 percent respectively.
Crowd meets at RM Bailey Park
DOZENS of people gathered at R M Bailey Park on Majority Rule Day for what was billed as an “entertainment and education event” on the country’s natural resources, hosted by Bahamian Evolution. The group has organised several protests in recent months.
One-in-five bullied at workplace
THE Bahamas could be suffering from a high rate of bullying in the workplace, according to the first study of its kind published in the International Journal of Bahamian Studies.
Insurers ‘hold line’ over property rates
Bahamian insurers are “trying to hold the line” on property premium rates for 2021 after post-Dorian pressures resulted in increases of up to 30 percent for businesses and homeowners last year.
Nygard suffers new court defeat
THE United States District Court for the Southern District of New York has dismissed a complaint by Peter Nygard made under the Racketeer Influenced and Corrupt Organisations (RICO) Act in the United States.
Governor: We saved $500m for reserves
The Central Bank’s governor yesterday disclosed that restrictions on foreign currency outflows imposed at COVID’s peak could have saved up to $500m in external reserves.
Deferred bank loans slashed to under $1bn
Just under $1bn of commercial bank credit remained on deferral at end-September 2020, it was revealed yesterday, as new loan applications slumped by almost 60 percent in the 2020 first half.
Banks suffer $145m hit to cover COVID losses
The Bahamian commercial banking industry booked $145m in collective provisions last year to cover expected COVID-19 loan losses, the Central Bank’s governor revealed yesterday.
‘True extent’ of loan delinquency soon revealed
The Central Bank’s governor yesterday warned that the “true extent” of COVID-19 loan delinquencies will soon reveal itself as the final 8.5 percent of credit balances in deferral exit these arrangements.
Bahamas nominated for 20 tourism awards
The Bahamas has been nominated in 20 categories at the upcoming Caribbean Journal Travelers’ Choice Awards 2021.
Bahamas nominated for 20 tourism awards
The Bahamas has been nominated in 20 categories at the upcoming Caribbean Journal Travelers’ Choice Awards 2021.
FREEDOM FARM REPRESENTS BAHAMAS WELL AT CAL RIPKEN MAJOR/70 WORLD SERIES
FREEDOM Farm Baseball League returned to the Babe Ruth’s Cal Ripken Baseball Major/70 World Series and finished fourth in the International Bracket.
Doubling China freight rates hitting local firms
Bahamian businesses sourcing product from China saw shipping container rates double in recent months with raw material price rises of up to 50 percent set to inflict a further squeeze for some.
Engineer chief eyes capital works boost
Bahamian construction industry professionals yesterday said they are hoping “significant” public infrastructure works will further boost the sector's output in 2021.
