September 23, 2026
Gowon Bowe
Stories this photo appears in:
Mortgage lending ‘on life support’ as approval rate dips below 50% in ‘26
MORTGAGE lending is “in life support” until Bahamians correct their borrowing habits and over-indebtedness, a banker warned yesterday, after less than half of new home loan applications were approved during the 2026 first-half.
NIF’s $311m outlay creates ‘major challenge’ to surplus
A SENIOR Bahamian banker yesterday argued that the Government’s use of the National Investment Fund (NIF) to finance $311m in capital investments creates “a significant challenge” as to whether the touted $39.3m Budget surplus is “accurate”.
S&P alert over loss-making SOEs’ 14% spending threat
STANDARD & Poor’s has issued “a tempered warning” over the threat posed to The Bahamas’ public finances by loss-making enterprises such as Bahamasair, a senior banker said yesterday, while also sounding the alarm over “off balance sheet financing”.
‘Clean up own house’ before new VAT fines
THE GOVERNMENT and tax authorities must “clean up their own house” before punishing others over delayed VAT payments, a senior banker asserted yesterday, warning that the imminent 5.25 percent interest charge will hinder the pace of real estate sales.
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