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FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

Govt 'will not rest' until Grand Lucaya solution achieved

The Government yesterday said it was seeking “the best redevelopment deal” possible for the Grand Lucayan resort and associated amenities, promising it “will not rest” until this is achieved.Senator Kwasi Thompson, minister of state for Grand Bahama,

Bahamas ‘can’t get away without VAT’

The Bahamas “couldn’t get away without” implementing Value-Added Tax (VAT), a prominent governance reform campaigner argued yesterday, because the national debt and annual deficits were simply “too high”.

PMH forced to restrict services as cases surge

PRINCESS Margaret Hospital has suspended all elective surgeries and only emergency cases are being allowed in response to an influx of COVID-19 cases in recent weeks.

‘Time to move on from PCR test’

FORMER Health Minister Dr Duane Sands has suggested the government move away from RT-PCR tests as the gold standard to determine COVID-19 infection and instead embrace “newer technology” that he says is cheaper to operate.

Abaco resident says island is unsafe to live

AS survivors of Hurricane Dorian face the challenge of rebuilding their shattered lives, there is also the constant fear that desperation and chaos will lead to violence.

‘Looters took everything’ says Abaco storm survivor

AS survivors of Hurricane Dorian face the challenge of rebuilding their shattered lives, there is also the constant fear that desperation and chaos will lead to violence.

Cleanup resumes in Bahamas as Humberto swirls away

MCLEAN'S TOWN, Bahamas (AP) — Jeffrey Roberts lifted a mustard-yellow curtain from the ground to hunt for passports and other documents at the place where his family's home stood before Hurricane Dorian blasted into Grand Bahama Island.

When will we get vaccine?

AS the United Kingdom became the world’s first country to authorise use of a COVID-19 vaccine, Minister of Health Renward Wells said the government is still determining which brand it will secure.

NPBA: Giants, Stingers in win column

THE Commonwealth Bank Giants were on the right end of a blowout and the PJ Stingers withstood a late charge to score wins in the New Providence Basketball Association on Saturday night.

EDITORIAL: A shift in the US court balance

THIS is the time of each year when the United States Supreme Court wraps up its yearly activity with a rash of judgments to mark the end of its latest term. Often, these decisions do not garner dramatic headlines, because the issues may touch on obscure constitutional points of law or practically not affect too many people.

Contractor chief hails removal of 'cloak and dagger'

THE Bahamian Contractors Association’s (BCA) president yesterday hailed the new pre-qualification process for removing the “cloak and dagger” secrecy around public project bidding.Leonard Sands told Tribune Business that the new regime, unveiled by g

‘We didn’t threaten doctors’

HEALTH Minister Dr Duane Sands said yesterday he was “flabbergasted” to learn of doctors allegedly being threatened with non-contract renewal if they choose not to volunteer in the COVID-19 fight.

IDB loans $200m to aid business climate

The Inter-American Development Bank (IDB) yesterday said it has approved a $200m loan to boost the business climate through increased productivity, innovation and greater diversification. The multilateral lender said the initiative would support the

Homeowners to be paid to take in university students

THE University of The Bahamas has enacted Prime Minister Dr Hubert Minnis’ vision of paying rent to homeowners who accommodate university students in their homes, UB president Dr Rodney Smith said yesterday.During his budget communication in June and

Renewable fear over BPL bond

A union leader has voiced fears that Bahamas Power & Light (BPL) will be unable to meet repayments on its $580m bond as its largest, wealthiest customers race to adopt renewable energy.

Cruise industry 'accelerates' $455m projects post-Dorian

The cruise industry has pledged to help “broadcast the message that most of The Bahamas is open” after raising $8m for Hurricane Dorian relief and recovery efforts. The Florida-Caribbean Cruise Association (FCCA), in a statement, said its member lin

‘Comfort’ as PM pledges tax increases last resort

Businesses and Bahamians can take “comfort” from the Prime Minister’s repeated assertion that new and/or increased taxes will be “a last resort”, a governance reformer said yesterday.

Munnings lifts Benfica to FIBA EuroCup win

Travis Munnings had another team-leading performance on the boards to lift Sporting Lisboa Benfica to another FIBA EuroCup win.

IDB’s 37% digital woe ‘totally different’ now

A digital payments provider yesterday said a survey that found 37 percent of Bahamian firms have challenges accessing electronic payments would have “a totally different result” if done today.

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