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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.

Policy reforms need for $200m IDB guarantee

The Bahamas must implement several policy reforms to develop its “blue economy” in return for obtaining a $200m guarantee that will underwrite the government’s planned $700m foreign currency bond.

Minister says Bahamians won’t be forced to take vaccine

HEALTH Minister Renward Wells stressed yesterday that Bahamians will not be forced to take a vaccine for COVID-19 while at the same time revealing his ministry has already drafted a “fully functional, laid out vaccination plan” developed over the past two months.

THE VIEW ON THE STREET

Constituents in South Beach and Pinewood talk to The Tribune on the eve of the poll

CIBC 'disagrees' with fines by the Bahamas

CIBC FIrstCaribbean has expressed its displeasure at fines imposed by Bahamian regulators in documents for its planned $240 million initial public offering (IPO) in New York.The bank, in a section of the IPO document detailing regulatory risks, said

Suns awaiting decision on Ayton appeal

The Phoenix Suns are still awaiting a decision on Deandre Ayton’s appeal process on his suspension, but no announcement has been made on talks between the league and the Players Association.

We need Financial Independence

I entirely agree with your correspondent Brian E Plummer which you published on Monday, March 25, when he points out that developed economies deal more in manufacturing than the developing economies.

Island-wide blackout plunges thousands into darkness - again

TRANSMISSION network failure and related issues caused an island-wide power cut that plunged thousands of New Providence residents into darkness on Friday for hours. The power cut caused great embarrassment when it interrupted the final games of Bat

‘God has my back’: Hours later, mother of six shot dead and dumped in bushes

THE husband of the woman fatally shot in Nassau Village on Saturday said hours before his wife was brutally murdered, he had a “funny feeling” that something bad would happen.

EDITORIAL: Straight answers in fight against crime

THE spate of murders that took place at the weekend was horrifying in itself – five dead in three days with two more injured.

New US Embassy ‘about 60 percent’ to completion

THE new United States Embassy compound on Shirley Street is about 60 percent complete, according to project director Stephen Ziegenfuss.

Bahamas wins Fed Cup opener

The Bahamas got off to a perfect start with a dominant performance in their opening match at the 2019 BNP Paribas Fed Cup.

Hobby Horse workers must wait on pay

THE roughly 200 former Baha Mar employees hired by or through The Hobby Horse Company will have to wait out the ongoing payout process to learn their fate, as Claims Committee personnel deliberate over how best to handle the “precarious” group.

New ministers briefed on impact of policies on health

THE country office of the Pan American Health Organisation and World Health Organisation (PAHO/WHO) for The Bahamas and Turks and Caicos along with the Ministry of Health co-hosted a briefing meeting for newly elected government ministers on the impa

Gov't unveils $250m BEC bond

The Government yesterday unveiled a planned $250 million bond to refinance the troubled Bahamas Electricity Corporation (BEC), saying it was “the first step to rehabilitate” its financial position.

Discussions are held over access to Fulbright scheme

RENEWED access to the Fulbright Programme for Bahamian students was discussed during a meeting at the Bureau of Educational and Cultural Affairs of the US State Department on Thursday.

The Ultimate Gospel Music Experience

By ALESHA CADET

Planning bureaucracy delays Arawak Homes

Arawak Homes’s latest project has been delayed because the “paper isn’t moving fast enough”, its president backing revisions to a Planning and Subdivision Act that it believes is “too cumbersome” in its current form.

Gov't to 'unleash' $200m Water Corp investments

An MP yesterday said the Davis administration is poised to "unleash" the most ambitious capital investment initiative ever by the Water & Sewerage Corporation with $200m earmarked for 80 projects over a five-year period.

Dump fire ‘80% out’ but smoke still rising

AS TOXIC smoke from the New Providence Landfill continued to blanket communities yesterday, Deputy Director of Environmental Services Thomasina Wilson said the fire, which has been burning for nearly two weeks, is 80 per cent extinguished.

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