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By NEIL HARTNELL
An estimated 20 per cent of delinquent Bahamian mortgage borrowers fall into the ‘can pay but won’t pay’ category, a situation the banking industry believes will be exacerbated by the Homeowners Protection Bill.
The Bahamas Telecommunications Company (BTC) will “not be immune” to the $100 million savings drive of its majority shareholder, which yesterday said its Bahamian asset’s operating costs were still “higher than we’d like to see”.
Bahamian insurance companies were yesterday said to be concerned about a potential “flood of claims” as a result of Tuesday night’s heavy rains, as New Providence yesterday attempted to dry out and get back to business.
A Cabinet Minister yesterday said just six borrowers out of 147 deemed “potentially eligible” had qualified for help from the Government’s Mortgage Relief Plan.
THE proposed Homeowners Protection Bill will create a “level playing field” between borrowers and lenders, a Cabinet Minister yesterday asserting that the legislation represented the “modernisation” of the Bahamas lending framework.
Do you agree that one of the most significant characteristics of a successful entrepreneur is one who understands himself, his mission, co-workers and clients?
Commonwealth Bank may “accelerate” the almost-$2 million expansion of its Oakes Field branch depending on how much damage Tuesday night’s fire caused, its president said yesterday.
The Government’s salary deduction cap “shock therapy” is long overdue but ill-timed, as it potentially threatens the still-fragile economic recovery.
By NEIL HARTNELL
By Deidre Bastian
By NEIL HARTNELL
By NEIL HARTNELL
By NATARIO McKENZIE
By NEIL HARTNELL
By NATARIO McKENZIE
By NEIL HARTNELL
Rattled Bahamian commercial bankers were last night nervously awaiting today’s tabling of the Homeowners Protection Bill in Parliament, fearing it will further depress economic recovery and a mortgage market that has already “collapsed”.
The British Colonial Hilton’s owners will decide by month’s end which of the three bids to acquire Bay Street’s ‘anchor property’ they will accept, Tribune Business can reveal.
The Government has been urged to “correct” the practice of basing Stamp Duty on real estate ‘market value’, as opposed to ‘conveyancing value’, one realtor warning the uncertainty threatened to leave sales “up in the air”.
A Bahamian general insurer is expecting to hit the $25 million net equity “landmark” by mid-2013, after last year’s net income performance beat budget targets by 30 per cent.
Customs’ “excesses” are still imposing a “stranglehold” on business in Freeport, a top QC warned yesterday, despite the Government’s revenue agency dropping previous demands and impositions.
THIS week’s exhibition match between Tottenham Hotspur and Jamaica’s ‘Reggae Boyz’ could catapult the Bahamas into soccer’s top global division, with six other English Premier league clubs having made inquiries about participating in a similar event next year.
I fell in love with marketing, more precisely Internet marketing, a few years ago when I decided to get serious with telling the story of the Bahamas Judo Federation.
The Government’s alleged failure to prevent “unauthorised development activities” at Clifton Bay by Peter Nygard and his attorney, Keod Smith, is to be challenged by Judicial Review.