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BOB triples value of loan recoveries
Bank of The Bahamas more than tripled the value of recovered loan collateral to $3.5m during its 2022 financial year as a result of intensified focus on reclaiming distressed assets.
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Governor adjusts 2022 GDP growth to 6-8%
The Central Bank’s governor yesterday adjusted 2022 economic growth projections to 6-8 percent, with The Bahamas not expected to “fully erase” COVID’s impact before 2023 “at the earliest”.
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Senior official to oversee Social Safety Net scheme
THE appointment of a senior government official to oversee the process leading to the implementation of the Social Safety Net Programme is a clear sign of the government’s commitment to improving the lives of citizens, Minister of Social Services and Community Development Melanie Griffin said.
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Griffin: Budget aggressively deals with social issues
THE government’s 2013-14 budget contains an “aggressive, socially-driven, agenda that will wipe every tear from every eye,” Minister of Social Services and Community Development Melanie Griffin said.
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Govt collects $150m in new net revenue from VAT
Preliminary results show that, up until June, the government collected $150 million in new net revenue from VAT, State Finance Minister Michael Halkitis said yesterday.
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Team Bahamas shines at Arkas Optimist World Championships
Team Bahamas delivered several milestone performances at the 2022 Arkas Optimist World Championships.
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Kalik maker overcomes $15.8m cost hike with 67% profits jump
COMMONWEALTH Brewery overcame an inflation-driven $15.8m increase in total costs to yesterday unveil 66.7 percent year-over-year profit growth for 2022.
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Ministers hails 'unprecedented' $140m social protection net
A Cabinet minister yesterday hailed the 2020-2021 Budget’s expanded $140m social safety net as “an unprecedented measure for an unprecedented time”. Frankie Campbell, minister for social services and urban development, told the House of Assembly dur
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http://www.rowsportstv.com/basketball Watch all Basketball Game Live. Brooklyn Nets vs Boston Celtics Live, Washington Wizards vs Cleveland Cavaliers Live, Minnesota Timberwolves …
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FINCO non-accruals strike 11.84% mark
FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt
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FINCO non-accruals strike 11.84% mark
FINCO non-accruals strike 11.84% mark By NEIL HARTNELL Tribune Business Editor Finance Corporation of the Bahamas (FINCO) saw its non-performing loans increase by less than 1 per cent or $519,000 during the first quarter of its 2012 financial year, hitt
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Colina raises policy reserves by $20.2m
Colina Holdings Bahamas (CHBL) yesterday unveiled a $20.2m increase in reserves to cover future policyholder payouts in the wake of Hurricane Dorian.The rise, likely undertaken in anticipation of increased benefits claims, occurred as the BISX-listed
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Lyford Cay Classic tournament winners on course for success
The Bahamas Golf Federation recently hosted it’s latest tournament, the Lyford Cay Classic, the first Stapleford Points event in Nassau for the 2017 season. The event had a mixture of male, female and junior golfers. The BGF extended its congratulati
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VAT Briefs
While commercial property sales involving occupied buildings will see 7.5 per cent Value-Added Tax (VAT) levied on the sales price, Financial Secretary John Rolle yesterday said companies would be able to claim a ‘credit’ for it, or ‘net it off’, in their VAT returns.
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Marc Lewin, J.D., LL.M., Manager, Tax Advisory Services, Arthur Bell, CPAs, tax advisor to managed …
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LPIA in 'substantial' 6.9% seats increase
The Lynden Pindling International Airport (LPIA) has seen “a quite substantial” 6.9 per cent increase in incoming airline seats during the first four months of its current financial year, its operator yesterday saying net income “isn’t the most accurate reflection of our health”.
