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Concern RBC exit will drive ‘illegal banking’
The FNM’s deputy leader yesterday expressed fears that Royal Bank of Canada’s (RBC) decision to close four branches would drive more Family Island residents to use web shops and other ‘informal’ sources to conduct their banking business.
Water Corp’s $159m subsidy driven from 2/3 ‘cost recovery’
The Water & Sewerage Corporation’s revenues cover just two-thirds of its operating expenses because its prices have not been increased for 18 years, costing Bahamian taxpayers $159 million over a five-year period.
Swimming pigs autopsy results still not made public
BAHAMAS Humane Society President Kim Aranha yesterday questioned why the results of autopsies performed on the seven swimming pigs that died in the Exumas have not yet been released to the public.
Nine held after drugs found worth more than $600,000
POLICE arrested nine persons over the weekend, including a Bahamian pilot and two men from Suriname, in connection with three major marijuana seizures in New Providence and Abaco.
Cable losses hit $16.7m amid wait for growth pay-off
Cable Bahamas suffered a 12.5 per cent increase in annual net losses to $16.658 million for 2016, driven by Hurricane Matthew-related repair costs and the wait for expansion investments to pay off.
Bahamas suffers 4-2 loss to USA
Before another jam-packed Malcolm Park beach soccer stadium, the Bahamas suffered a 4-2 loss to the United States of America yesterday and ended up in sixth place in the CONCACAF Beach Soccer Championship.
Bahamas face US in fifth place playoff after beating Trinidad
DESPITE being outsized and eventually outmanned on the pitch on Saturday, the Bahamas men's team held off Trinidad & Tobago 5-2, highlighted by two impressive goals from captain Gavin Christie and one each from tournament leading scorer Lesly St Fleur and Gary Joseph, in the CONCACAF Beach Soccer Championship.
Clubs and societies 02242017
Antique Auto Club. - Shawn Thomas was elected Assistant Secretary in the Club’s recent election. Shawn joined the Club in September, 2010, shortly after attending the Kiwanis Club’s Antique Auto Show and Cook-out, where she met some of the members of the Antique Auto Club. Since joining she has been active in all facets of the Club and very supportive when asked to assist with anything.
THREE STRAIGHT: Lesly St Fleur scores hat trick as Bahamas beats Jamaica 3-2
A rainy night cleared up just long enough for the Bahamas to secure their third win and claim the top spot in Group A of the CONCACAF Beach Soccer World Championships.
Bahamas gets 3-0 win over Belize
LESLY St Fleur missed a hat trick but he connected on a pair of goals and Gary Joseph added the other as the Bahamas team electrified the crowd for the second consecutive night at the CONCACAF Beach Soccer Championship with a 3-0 victory over Belize.
Nottage speaks
FINALLY, the Minister of National Security, the Hon. Dr Bernard Nottage has broken his silence on the recent crime spree in New Providence. But will his rant in the House of Assembly cause a crime solution to be effected?
CIBC’s corporate unit in 40% bad loan shrink
CIBC FirstCaribbean’s Bahamian corporate and investment banking unit saw non-performing loans shrink by almost 40 per cent in its 2016 financial year, as the bank continued its “solid” recovery from past credit provisioning.
Bahamas tops Guyana 4-1 at CONCACAF beach soccer
The Bahamas men’s national team gave the home crowd of eager spectators the opener they were hoping for and set the tone for the remainder of Confederation of North, Central America and Caribbean Association Football (CONCACAF) Beach Soccer Championship.
FINCO blames Matthew for 15.5% ‘bad’ loan rise
FINCO yesterday confirmed that the Bahamas’ mortgage crisis is far from over, blaming Hurricane Matthew for a $16 million increase in non-performing loans as profits slumped 54.7 per cent.
Just 15% of insolvent broker’s assets located
An insolvent Bahamian broker/dealer’s liquidators have recovered just 15 per cent of its identified assets, while clawing back minimal sums from its former principal and overdrawn clients.
$10m bond deepens Gov’t BOB bail-out
The “full-scale” taxpayer bail-out of Bank of the Bahamas has deepened, with the Government taking up its entire $10 million bond issue amid a 51.3 per cent increase in half-year losses.
‘Survival of financial services not an option’
A prominent QC yesterday backed calls for the Bahamas to switch to a ‘low tax’ business model, warning: “The survival of financial services is not an option.”
SPORTING MISCHIEF & MAYHEM: Romo and Cowboys’ 1st round pick for JJ Watt makes whole lot of sense
THE long NFL offseason is upon us and, between now and the NFL Draft in April, there will be millions of trade rumours swirling.
Broker’s rescue questioned over $1.8m deficiency
The Securities Commission is questioning whether last-ditch efforts to rescue a Bahamian broker/dealer, which has admitted to misusing client monies, are “bona fide” given its $1.862 million solvency deficiency.
Halkitis, magician and joker
Perry Christie’s alter ego in the Ministry of Finance stepped completely out of character the other day and allowed himself to get caught up in the hype of the PLP convention.