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‘Instant payback’: Doctors in revenue doubling to $120m
Doctors Hospital yesterday predicted it will “double” total pre-COVID revenues to around $120m during its current financial year after enjoying “instant payback” on $6.6m in healthcare investments.
Auditors could not verify FBI bait broker’s $1.5m
Auditors for a Bahamas broker/dealer once used as ‘bait’ by the FBI refused to give its last accounts a clean bill of health because they were unable to verify the existence of $1.5m held with other financial institutions.
Bank to ‘double’ dividend on pre-Dorian profit return
Commonwealth Bank will this month “double” its quarterly dividend payment, and return more than 27 percent of year-to-date profits back to shareholders, as it forecasts returning to pre-Dorian annual profits of $50m-$60m for 2022.
Entrepreneur hopes cruise giant’s PI ‘invasion’ ending
A Bahamian entrepreneur has voiced renewed optimism that Royal Caribbean may be halting its “invasion” of his leased Crown Land after it purportedly submitted a revised proposal for its $110m Paradise Island project.
Ex-BEC chairman: Tariff cut return will 'spell disaster'
THE Bahamas Electricity Corporation's (BEC) former executive chairman believes it is "vitally important" for the new government and Board to pick up where he and their predecessors left off, warning that a return to the tariff-cutting policies of 2002-2007 would "spell disaster".
Water Corp 'caught by surprise' on higher bills
BISX-listed Consolidated Water believes its Blue Hills facility has given the Bahamas the largest reverse osmosis plant of its type "in the Western Hemisphere", although its recent 4.8 million gallon expansion caught the Water & Sewerage Corporation "a little bit by surprise".
'Real life consequences': Fidelity's $560k Moody's hit
The Government's declining creditworthiness has sparked "real life consequences" for a BISX-listed bank by forcing it to take a "much bigger than expected" $560,000 hit in its 2022 full-year results.
Bahamian regulator probing FTX woes
The Securities Commission was yesterday investigating the crisis that has left The Bahamas’ flagship digital assets investor on the brink of collapse after a rival crypto currency exchange walked away from a rescue deal.
Bank’s nine-month $58m beats full-year profit goal
Commonwealth Bank is targeting its growing deposit base for new borrowers after hitting its 2022 full-year profit goal in just nine months through a $58.22m bottom line.
Djokovic wins six-hour final
By JOHN PYE AP Sports Writer MELBOURNE, Australia (AP) -- Novak Djokovic ripped off his shirt and let out a primal scream, flexing his torso the way a prize fighter would after a desperate, last-round knockout. This was the final act in Djokovic's 5-7, 6-
Dorian 'hangover' cuts outlook for the Summit
A Bahamian insurer yesterday voiced optimism it will soon break free of its "Hurricane Dorian hangover" and escape any potential downgrade by the industry's main creditworthiness assessor.
Gov't changing law for Oban
THE Government has committed to changing the Bahamas’ tax incentive laws solely to “accommodate” Oban Energies’ $5.5 billion oil refinery and storage terminal.A little-noticed section in the February 19, 2018, Heads of Agreement (HOA) for the now-con
STATESIDE: Times they are a changing
PRELIMINARY results of the once-a-decade American census were revealed this week, and they largely confirm what we have been hearing for years.
STATESIDE: You can feel it’s coming – another summer of unrest for a troubled country
WHILE the meteorological hurricane season has already begun for 2021, there is increasing evidence that a new political and social hurricane season is just starting to get underway in the United States.
FRONT PORCH: The conceits and decline of US Republican Party
It still surprises the number of Bahamians who little understand American society or politics but who, hook, line and sinker, have been caught and netted by the country’s mythologies, which continue to be unmasked, demystified and demythologised by the march of facts and history.
Avoid 'creative destruction' for $1bn GDP expansion
The Bahamas could increase its annual GDP by up to $1 billion if it avoids becoming a “victim of creative destruction”, a well-known economic commentator argued yesterday. Dr Johnathan Rodgers warned Bahamians and the private sector not to “bury your
Second home 'havoc' on triple-digit tax rise
The Government was yesterday warned it “will create havoc” if it imposes triple-digit tax increases on hundreds of foreign second home owners via planned real property tax reforms.Attorneys and realtors united in “outrage” over a seemingly innocuous
Bahamian banker’s life ban on $17m collapse
A well-known Bahamian banker has been barred for life from the securities industry over the “conflicts of interest” and client losses involved in his broker/dealer’s $17m collapse.
6,000 restructure debt during 2019 first half
More than 6,000 Bahamian borrowers applied for debt consolidation loans during the 2019 first half, making it the most sought-after form of consumer credit by some distance. The Central Bank’s latest Lending Conditions Survey, released yesterday, re
Private islands are 'hot like fire'
A Bahamian realtor yesterday said “the private island market has gone hot like fire” as a result of the COVID-19 pandemic, adding: “It’s social distancing at its finest.”Gavin Christie, CA Christie’s managing partner and broker, told a Business Unusu
