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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.
Otabor, Cartwright win
While some of the top elite athletes took care of business in China and Bermuda, a number of collegiate and local athletes were in action in various meets in the United States of America.
Minnis: The nation will know if I run
FORMER Prime Minister Dr Hubert Minnis does not support his party’s decision to host a one-day convention in June, saying this does not give the Free National Movement enough time to showcase its talent and policies.
GBPA braces for govt to launch arbitration
THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.
COP warns residents to remain vigilant over armed robberies
POLICE Commissioner Clayton Fernander urged residents to stay vigilant and heed warnings to remain safe, following three armed robberies this week.
Fire services, volunteers tackling four fires in Abaco
ABACO Fire services and volunteers are working to contain four separate fires in the Marsh Harbour and Spring City areas, forcing the closure of a section of the island's main road today.
Mitchell demands halt to cemetery’s appeal
A CABINET minister was yesterday revealed to have intervened on behalf of his constituents over a planning appeal involving a proposed 13-acre Bernard Road cemetery that is heavily opposed.
PM: Bill’s ‘flexibility’ to end GBPA’s energy regulation
THE Prime Minister yesterday confirmed that the Electricity Bill 2024 provides “the flexibility” to remove the Grand Bahama Port Authority’s (GBPA) ability to regulate the energy sector in Freeport.
Opposition leader fears Bill ‘guts URCA’s BPL oversight’
THE Opposition’s leader yesterday accused the Government of “gutting URCA’s oversight” with planned energy regulation reforms that the Prime Minister said could lead to BPL’s break-up.
Wendy’s: Atlantis can’t dictate what happens on PI
WENDY’S attorneys yesterday asserted that Atlantis cannot dictate all that happens on Paradise Island even though it may view the fast-food restaurant as “not up to snuff”.
Sarkis wins bid to take Baha Mar fraud claim to trial
SARKIS Izmirlian’s $2.25bn fraud and breach of contract claim against Baha Mar’s Chinese contractor was yesterday cleared to proceed to full trial before a New York court this August.
FNM names date for convention
THE Free National Movement announced yesterday that it will hold a one-day convention on June 1, when party positions will be “up for grabs”.
PM: Women not equal? ‘y’all ruling us, man'
PRIME Minister Philip “Brave” Davis rejects the United States’ observation about how women are treated in The Bahamas.
A new home to give Yurie a new start
AN elderly disabled man was handed the keys to his newly built home on Deveaux Street yesterday, courtesy of Urban Renewal.
Tyesha Tynes a ‘stroke’ above the rest
Freshman Tyesha Tynes was pleased with the way she was able to make her presence felt for the Hastings College Lady Broncos women’s golf team this season.
One-month tax certificate to halt ‘bush crack, man gone’
Bahamian tax authorities yesterday asserted they have “learned from our mistakes” as it emerged companies with outstanding bills are only being issued with tax compliance certificates valid for one month.
Doctors Hospital targets $10m acquisition boost
Doctors Hospital yesterday predicted annual revenues will increase by $10m through its acquisition of The Kidney Centre in a deal that will make its workforce more than 1,000-strong.
Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
GBPA seeks to reassure on ‘unfortunate public noise’
The Grand Bahama Port Authority (GBPA) last night moved to reassure its licensees and potential investors over “the very unfortunate public noise” created by its $357m dispute with the Government.
Energy bill opens door to BPL move
The Government yesterday unveiled a major overhaul of the country’s energy regulatory regime to provide a platform for rescuing Bahamas Power & Light (BPL) from its $1bn debt and investment hole.
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