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Bahamas Waste in 135% profits rise
DESPITE a 134.8 per cent year-over-year net income increase to $461,181, Bahamas Waste's managing director has revealed that results for 2011 were "still not as good as we had expected", with some business categories underperforming internal expectations.
Governor trims Bahamas GDP growth to ‘3% range’
The Central Bank’s governor yesterday again trimmed his 2023 economic growth forecast to “the 3 percent range” as he warned The Bahamas is poised to next year “resettle” back into low expansion rates.
RBC Caribbean chief: Low growth hits FINCO
Royal Bank of Canada's (RBC) top Caribbean executive says its Bahamian mortgage lending arm will "continue to be challenged" with credit losses and an inability to expand its loan book because of the country's "low growth economy".
‘Nothing to fear for compliant licensees’
Bahamas-based securities dealers that meet existing requirements will all meet the Securities Commission’s enhanced capital adequacy rules, regulators revealed yesterday.
Atlantis ‘racing’ turtle raises awareness of sea threats
A LEATHERBACK turtle sponsored by Atlantis, Paradise Island, as part of its marine conservation efforts is aiming to be the fourth winner in five years for the resort in a marathon ‘race’ from its nesting beaches to its foraging grounds.
Ayton posts double double in loss to Nets
DEANDRE Ayton delivered another efficient performance for the Phoenix Suns but they fell short of sweeping the top three teams in the Eastern Conference on their recent road trip.
Commonwealth in 35% profit rise
Commonwealth Bank yesterday unveiled a 35 per cent year-over-year comprehensive net income increase to $39.3 million for the first nine months of 2013, largely due to reductions in non-performing and charged-off loans.
Exuma becoming high-end location
EXUMA is positioning itself as a “high net worth destination”, the Prime Minister said yesterday, as the Government signed a Heads of Agreement for a $200 million boutique resort on Children’s Bay Cay and Williams Cay.
Brookfield exploring $2.5bn Atlantis sale
Brookfield Asset Management is looking to offload the Atlantis Paradise Island Resort - with a price tag of $2.5bn attached.
Kerzner couldn't get 'unqualified' 2010 accounts
By NEIL HARTNELL Tribune Business Editor Kerzner International defaulted on its $2.5 billion loan agreement in May 2011, a lawsuit has alleged, with auditors unable to provide a set of 2010 'unqualified' financial statements for the Atlantis and One & On
Kerzner couldn't get 'unqualified' 2010 accounts
By NEIL HARTNELL Tribune Business Editor Kerzner International defaulted on its $2.5 billion loan agreement in May 2011, a lawsuit has alleged, with auditors unable to provide a set of 2010 'unqualified' financial statements for the Atlantis and One & On
Kalik maker sees profitability return
Commonwealth Brewery produced a more-than $7.32m bottom line reversal to return to profitability in the 2021 second quarter, with its revival aided by relaxed COVID restrictions and a more open economy.
Joaquin’s $1.3m loss blocks Bahamas First from earnings record
Bahamas First would have produced another profit record in 2015 had it not been for the net $1.3 million loss associated with Hurricane Joaquin, its chief executive yesterday confirming it paid all storm-related claims from its own resources.
J S Johnson puts COVID ‘in dust’ via 15% profit rise
J S Johnson shrugged off ongoing reinsurance capacity concerns to yesterday unveil a 15.1 percent profit increase for the 2022 that was aided by placing COVID-related restrictions “in the dust”.
Commonwealth cuts loan delinquency by up to 5%
Commonwealth Bank says non-performing loans have reduced by between 1-5 percent across all credit segments since year-end 2022 as its portfolio expands faster than market growth.
Kalik maker’s loss doubles as revenues decline 15%
Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.
Tourism ‘constrained’: Stopovers down 6%
The Central Bank has again sounded the alarm over “constrained” tourism performance, with total stopover visitors down 6 per cent for the 2017 first half due to Freeport’s woes.
Domestic Gov’t bond just 25% subscribed
Concerns were raised last night over investor appetite for the Government’s debt after just 25 percent of a recent $47.326m bond issue was picked up by the market.
First Annual Potcake Golf Tournament ‘huge success’
PEDIGREES may have their Westminster Kennel Club show, but it was the Bahamian Potcake – that special breed of dog with the narrow head and a keen sense of how to cross the street on its own terms – that stole the show during the 1st Annual Potcake Golf Tournament.
Bahamas needs ‘more marked’ deficit decline
Standard & Poor’s (S&P) has warned the Bahamas needs a “more marked” decline in its fiscal deficits to halt the rising national debt, which it forecasts will grow to 53 per cent of GDP on a net basis by 2018.
