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Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
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Investigation into missing funds nears completion
DEPUTY Police Commissioner Leamond Deleveaux said police are 80 per cent complete with their investigation into funds allegedly misused during the small home repairs programme under the Minnis administration.
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BDOCS 2022 annual report tabled in House
THE Bahamas Department of Correctional Services’ Internal Affairs Unit investigated 56 reports of alleged misconduct involving prison officers in 2022, with disciplinary action happening in nearly 80 per cent of the matters reported.
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North Andros hotel hopes for 85% regatta retention
A North Andros hotel yesterday voiced hope that “at least 85 percent” of visitors scheduled to attend this weekend’s postponed homecoming will still come out when it is held later this month.
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Insurance regulator in blacklist ‘what if’ look
The Insurance Commission was yesterday said to be looking at “what if” scenarios to ensure insurers have access to sufficient reinsurance capacity if The Bahamas stays on Europe’s tax blacklist.
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Low vaccination rates spark fears over polio
HEALTH officials are alarmed by declining vaccination among children and fear the country is at risk of reintroducing polio and other deadly diseases.
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Nygard to take stand in his defence in sex assault trial
FORMER fashion mogul and Lyford Cay resident Peter Nygard is expected to testify in his own defence as his sex crime trial continues in Toronto, Canada.
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Men’s national basketball team splits wins with Jayhawks
TEAM Bahamas, with the newest addition of Phoenix Suns guard Eric Gordon, split games 1-1 against the University of Kansas (KU) Jayhawks this past weekend in Puerto Rico.
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Contaminated oil a new blow to Andros power
A CONTAMINATED supply of fuel led to a new shutdown of a power unit in Andros as restoration efforts continued following the fire that severely damaged BPL’s North Andros Power Station last week.
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MVP jones’ double double leads Liberty to win
BEHIND the Most Valuable Player (MVP) performance of Grand Bahamian Jonquel Jones, the New York Liberty upset the Las Vegas Aces to win the Commissioner’s Cup.
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SUFFERING ON THE STREET AS HEAT SOARS: Hot weather affecting everyone, but homeless are especially vulnerable
BAHAMIANS of all backgrounds are scrambling for relief from the brutal heat this summer, but for some of the country’s poorest residents, managing the conditions is an existential challenge.
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Atlantis: 30% spend, rate jumps ‘as good as it gets’
Atlantis yesterday said its year-to-date performance is “as good as you can get” with rates and visitor spending per occupied room both exceeding pre-COVID levels by up to 30 percent.
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Family and friends searching for missing Philip “Big Mama” Stubbs
Concerned family and friends are desperately searching for Philip “Big Mama” Stubbs, 80, who went missing after leaving his residence early this week.
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‘Down-payments cut’ as bank removes indemnity
The Central Bank of the Bahamas (CBB) has released new “relaxed” lending rules for residential mortgages.
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Businesses wait over two months for bank account
BAHAMIAN businesses face an average wait of more than two months to open a bank account with almost 80 percent asserting that the process “took longer than expected”.
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Jones and Liberty topple defending champions in 38-point blowout win
JONQUEL Jones and the New York Liberty routed the Women’s National Basketball Association (WNBA) defending champions, the Las Vegas Aces, in a 38-point blowout win.
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Reverend Dr William Thompson ready for his 80th birthday
IT’S not everyday that a person reaches the age of 80 but for a man who has touched the lives of so many people in just about every sphere of life, the family and friends of the Rev. Dr William Thompson want to celebrate his milestone in a very special way.
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Bahamas earns a berth in 2024 Olympic Qualifying Tournament
ERIC Gordon came up big down the stretch as the Bahamas pulled off a hard fought 82-75 victory over Argentina to win the FIBA Americas Olympic Pre-Qualifying Tournament title yesterday to earn their berth in the 2024 Olympic Games Qualifying Tournament next year.
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Nassau/PI hotels ‘soon can’t take anyone else’
Nassau and Paradise Island hotels will “soon reach the point where we can’t take anyone else”, a senior tourism executive has warned, with room shortages driving “unheard of” March occupancies.
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Domnick Bridgewater and ‘Kino’ Burrows post big game
BEFORE they head off for their national team duties for the Pre-Olympic Qualifying Tournament, guard Domnick Bridgewater and centre Jaraun ‘Kino’ Burrows left their mark on the Bahamas Basketball Federqtion’s Summer of Thunder Tournament.