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Development Bank eyes 37% loss fall
THE Bahamas Development Bank’s (BDB) chairman expects a 37 per cent reduction in its 2017 net loss to $1.2 million, and pledged: “We are headed in the right direction.”Lynden Nairn told Tribune Business in a recent interview that the Board is laying
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BTC suffers $30m blow from Dorian
The Bahamas Telecommunications Company (BTC) has been dealt a $30m blow by Hurricane Dorian with network repairs set to last into 2020, it was revealed last night.
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‘Unusual’ claims volume knocks Summit off peak
A Bahamian insurer has blamed “an usually large number of claims” for a non-hurricane year resulting in 2018 profits being slashed almost in half.
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You get less time for manslaughter – what judge said as woman appeals against sentence for COB theft
APPELLATE judges yesterday questioned whether a Supreme Court judge was right in sentencing a former College of the Bahamas employee to potentially 20 years in prison for stealing over $700,000 from the institution over a seven-year period.Appellate
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BUSINESS BITES: Some welcome clarity from Cable Bahamas
In its quarterly financial report through March 31, 2019, Cable Bahamas for the first time has added management comments to the usual bare-bones figures —a practice that should become standard for all BISX-listed companies.
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Bahamas 'leaps and bounds' behind rivals on renewable energy
RIVAL Caribbean nations are “leaps and bounds ahead of the Bahamas” on renewable energy implementation, although one local provider is aiming to close the gap by investing in development of a trained installation workforce.
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Panthers set to host Independence volleyball tournament
IN an effort to provide an opportunity for the local players to get ready for the New Providence Volleyball Association season, the Central Gas Lady Panthers Club is scheduled to host its first Independence Volleyball Tournament.
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DNA calls for full probe of elected officials’ assets
DNA Leader Branville McCartney yesterday called for an investigation into the assets of all past and present officials elected to public office, including prime ministers.
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Airline: Combined tax impact forces business model review
A Bahamian-owned airline yesterday said it will “have to look at our whole business model again”, with the combined effect of multiple tax increases negating its $3 million-plus investment in a new service hangar.
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National debt growth slows as hits $11.5bn
The national debt's growth rate slowed below 1 percent during the three months to end-March 2023 as the total sums owed by The Bahamas to its creditors rose to just under $11.5bn.
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Just 8% of arable land being used for farming
Just 8 percent of all land allocated for Bahamian farming is presently being used for such purposes, it was revealed yesterday.
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Gov’t slashes Q1 deficit by $116m
The Government’s fiscal deficit for the 2022-2023 first quarter was slashed by $116m year-over-year, it was revealed yesterday, with its revenues running 4-5 percent ahead of projections.
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Gov’ts deficit jumps $75m but below full-year run rate
The Government incurred a $75m October deficit after it was yesterday revealed that monthly spending on goods and services more than doubled to drive a 24.5 percent year-over-year recurrent spending increase.
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Doctors Hospital: Blake Road revenues surge on gov’t deal
Doctors Hospital has revealed that in-patient revenues at its Blake Road facility near-quadrupled during its 2024 first quarter due to the deal to treat public healthcare patients there.
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CARIFTA TV payment cut in half on contract breach
An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.
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FINCO suffers 67% profits slump in Q1
ROYAL Bank of Canada’s (RBC) mortgage lending arm yesterday unveiled a 67 per cent year-over-year slump in 2018 first quarter profits as ‘bad credit’ woes continued to bite.Robert Johnston, Finance Corporation of the Bahamas (FINCO) chairman, told sh
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BTC facing ‘day by day’ fight on mobile rebound
The Bahamas Telecommunications Company (BTC) faces “a real day-by-day fight” to reclaim mobile market share lost to Aliv, its newly-appointed chief executive has admitted.
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‘Coach Yo’ agrees to new, 4-year contract extension
The Ole Miss Rebels displayed their long term commitment to head coach Yolett McPhee McCuin and her vision for the women’s basketball programme with her second contract extension since she was named head coach in 2018.
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Social security reforms touched 27% of targets
Social security reforms achieved “none of their planned outcomes”, with just 27 percent of targeted Bahamian households receiving cash grants under an IDB-financed initiative.The Inter-American Development Bank (IDB), in an evaluation report on its B
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Ayton back to work
Phoenix Suns centre Deandre Ayton returned to the starting lineup for the first time since January 16 and the NBA’s No.1 overall seed continued its win streak.
