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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.

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.

Gov’t boost from moody’s $44m deficit miss forecast

MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.

Fund manager to be ‘little more defensive’

A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.

The wreck of the HMS Conqueror near Rum Cay

THOUGH the lore of shipwrecks is often embellished, that of HMS Conqueror on Rum Cay often has the date, the destination, and basic historical facts reported incorrectly. It wrecked on 13 December, 1861 (not the 29th), it was not the first propeller ship in the Royal Navy (HMS Rattler was in 1842), and the ship was on its way to Bermuda, not Mexico. HMS Conqueror was a two-decked steam-screw (propeller) ship, first-rate, of the line, 240 feet long, 55 feet wide, and 34 feet deep.

Big Red Machine just keeps rolling

The St Augustine’s College (SAC) Big Red Machine kept rolling at the 2024 National High School Track and Field Championships where they claimed six out of eight division victories on Sunday evening at the original Thomas A Robinson Stadium.

American couple rebuild after Hurricane Dorian devastated their Guana Cay retirement home

AMERICANS Norvell and Mark Slezycki went on an emotional roller-coaster after Hurricane Dorian swept away their dream retirement home in Great Guana Cay, Abaco.

No consumer respite despite inflation ease

As the tide of inflation in The Bahamas seems to be ebbing, it prompts reflection on what this means for the average Bahamian’s wallet.

Residents voice objections to new PI resort proposal

RESIDENTS last night argued that plans to transform the former Paradise Harbour Club site into a seven-storey hotel represent an “overdevelopment” that will impact quality of life and devalue their properties.

‘VJ’ Edgecombe and Donovan Freeman fall to east 88-86

BAHAMIANS Valdez “VJ” Edgecombe and Donovan Freeman took the court for the 2024 McDonald’s All-American Game at the Toyota Center in Houston, Texas on Tuesday.

Bakery reveals record Easter hot-cross sales

A Bahamian bakery yesterday revealed it enjoyed its best Easter to-date by selling just under 600 dozen homemade hot cross buns.

Bahamians conflict on broker’s US client pull

Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.

PI resort proposal expands units 46%

The former Paradise Harbour Club’s proposed redevelopment is being expanded to a seven-storey hotel featuring a 46 percent increase in units compared to earlier plans.

Nassau Cruise Port joins with the dignified girl project to donate feminine products to four groups

IN celebration of International Women’s Month, the Nassau Cruise Port partnered with the Dignified Girl project to donate 300 bags filled with essential feminine products to four organisations on Friday.

IDB: Bahamas Internet costs, speed miss mark

Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.

50% fear or pay bribes for building and import permits

Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.

PM is well suited for finance role

IT WAS written by the revered Chinese sage and philosopher, Confucius in 500 BC that “the ruler of a country of a thousand chariots must give diligent attention to business; he must be sincere; he must be economical; he must love his people; and he must provide employment for his people at the proper seasons”.

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