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Central Bank reviews $250m investment currency reforms
The Central Bank’s governor yesterday foreshadowed reforms to protect Bahamian retail investors from potential “headwinds” in an overseas investments market that is this year on track to exceed 2022’s $250m outflow.
BPL CEO rates company 8 out of 10
BAHAMAS Power & Light CEO Shevonn Cambridge rates BPL’s performance an eight out of ten.
Fidelity targets $80m loan delinquents for bankruptcy
Fidelity Bank (Bahamas) will “aggressively” pursue delinquent borrowers responsible for $80m in collective consumer loan write-offs via personal bankruptcy judgments, asset seizures and taking liens over their wages.
Deltec to ‘vigorously’ fight new FTX lawsuit
A Bahamian bank and its chairman yesterday denied fresh allegations that they knowingly aided and abetted the multi-billion dollar FTX fraud prior to the crypto exchange’s November 2022 implosion.
BPL tariff study could lead to increase in base rate
AN upcoming tariff study at Bahamas Power and Light (BPL) may result in a base rate increase for consumers, though BPL’s chief executive officer Shevonn Cambridge said this does not guarantee higher customer bills.
Bahamas men spike way into semifinals
Ladies suffer third straight loss
The men’s national volleyball team, with a well-rounded effort from every player, swept aside Martinique in three straight sets to advance to the semifinals of the Senior Caribbean Volleyball Championships at the Anthony Nesty Sports Hall in Paramaribo, Suriname.
Clarke sisters know they will have to ‘battle’ on the tennis court
THEY’RE sisters, but sooner or later Sydney and Sarai Clarke know that they will have to face each other on the opposite side of the net in a tennis march.
‘Quality new credit’ hard to find with $127m drop
Fidelity Bank (Bahamas) says the more than $127m collective decline in outstanding mortgage and consumer loans during 2022 shows “quality new credit” and borrowers will be tough to find despite the economy’s rebound.
Albany developer charged on ‘brazen insider trading’
The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.
PETER YOUNG: Travelling is great, but ‘oh so nice to wander back’
Legendary American entertainer Frank Sinatra famously sang about how nice it was to go travelling but that it was “oh so nice to wander back”. With that in mind, what a pleasure it is to be in harness again today with my weekly column after a short absence while on a visit to England to catch up with family and friends. It is easy to see what he meant. Despite the pleasure of a three-week trip it is good to be home again and back in the old familiar routine.
Insurance cuts ‘false economy’ despite 26-year high premiums
Bahamian homeowners and businesses have been warned that cutting, or dropping, property catastrophe coverage will be “a false economy” in the face of 26-year record-high insurance costs.
Fidelity chief’s ten-point plan to $50m profitability
Fidelity Bank (Bahamas) president has set out what he describes as a ten-point plan to seizing market share and more than doubling annual profits to $50m by its 50th anniversary.
THE KDK REPORT: Proactive approach needed so all are able to afford health care - Part 2
ON a daily basis, I meet and interact with patients from all walks of life. Last week, I wrote about how a friend from an affluent background complained about the rising price of water lilies, which she needed to purchase for the Koi Pond in her garden.
Bank stability at 7-year high on $400m profits
The Bahamian commercial banking sector’s stability hit a seven-year high in 2022, the industry’s regulator has revealed, as combined profits soared nearly 59 percent to just shy of $400m.
Leadership is key to a better future
Recent articles in The Tribune have left me wondering about what the next 50 years has in store for The Bahamas.
Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
$700m external loan goal ‘looking very favourable’
The Government’s bid to raise almost one-third of its near-$2.2bn gross financing needs for the 2023-2024 fiscal year from external banks is “looking very favourable”, a senior official revealed yesterday.
Central Bank 'agrees' on $232m IMF SDR roll-over
The Central Bank has "agreed to roll over" the $232.3m IMF special drawing rights (SDR) financing it provided to the Government as part of the latter's 2023-2024 borrowing plan, it was revealed yesterday.
Reform Series Conclusion: ‘We are the problem.’
We must confront an uncomfortable truth: we, the people, are the root of the problem. As citizens of The Bahamas, it’s high time we face our shortcomings and acknowledge the urgent need for sweeping reforms across critical sectors of our society.
Eric Wiberg – Nylon stockings, parachutes and wreckage found on Acklins of a B-26 Bomber
Women who donated her nylon stockings to the US war effort might not know they often became parachutes, four of which floated to earth and sea over Acklins. After Ralph Stevens rolled out of a doomed bomber, spraining ankle and knee, it was given to a family of six children in Pompey Bay, by the resident commissioner, Chauncy Tynes.
