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FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
‘Time to move on from PCR test’
FORMER Health Minister Dr Duane Sands has suggested the government move away from RT-PCR tests as the gold standard to determine COVID-19 infection and instead embrace “newer technology” that he says is cheaper to operate.
Abaco resident says island is unsafe to live
AS survivors of Hurricane Dorian face the challenge of rebuilding their shattered lives, there is also the constant fear that desperation and chaos will lead to violence.
‘Looters took everything’ says Abaco storm survivor
AS survivors of Hurricane Dorian face the challenge of rebuilding their shattered lives, there is also the constant fear that desperation and chaos will lead to violence.
EDITORIAL: A shift in the US court balance
THIS is the time of each year when the United States Supreme Court wraps up its yearly activity with a rash of judgments to mark the end of its latest term. Often, these decisions do not garner dramatic headlines, because the issues may touch on obscure constitutional points of law or practically not affect too many people.
Homeowners to be paid to take in university students
THE University of The Bahamas has enacted Prime Minister Dr Hubert Minnis’ vision of paying rent to homeowners who accommodate university students in their homes, UB president Dr Rodney Smith said yesterday.During his budget communication in June and
ART OF GRAPHIX: Don’t revert to type for the best designs
As graphic or web designers, we often focus on the practical aspects of design above all else. We focus on what works, with little regard for why it works. And, in our day-to-day work, that outlook serves us well. It lets us get our work done in an efficient, professional manner, and generally nets good results.
Deputy PM says assessment efforts under way
DEPUTY Prime Minister Philip “Brave” Davis on Friday said the government’s assessment efforts across the hurricane-ravaged country are being co-ordinated with a view to have the Bahamas back to a “level of normalcy as soon as possible”.
Body of baby found, two women found dead, man killed by police
POLICE are investigating the discovery of three bodies – one of which was an infant found at the public dump on Saturday, as well as the death of a Fox Hill man who was shot by police on Friday night.
Man held after rape attack on US tourist
POLICE have a 26-year-old man in custody in connection with the alleged rape of an American tourist over the weekend.
Baha Mar liquidators meet with creditors
Baha Mar’s joint provisional liquidators yesterday confirmed they were already meeting with some of the development’s more than 3,000 Bahamian creditors, briefing them on “progress to-date” and their goals.
Wilchcombe aims to promote the ‘true identity’ of Bahamian culture in Carnival
TOURISM Minister Obie Wilchombe declared that the number one aim of the inaugural Bahamas Junkanoo Carnival is to promote the “true identity of Bahamian culture”. He said he is “not at all concerned” with any negative issues surrounding the festival.
Baha Mar builder seeks Bahamian judicial assistance
Baha Mar’s main contractor has launched its own bid to secure Bahamian judicial assistance in a bid to unearth evidence that will support its counter-claims against former owner Sarkis Izmirlian.
'No interruption' in Downtown talks
THE Downtown Nassau Partnership, consisting of key private sector stakeholders in the downtown area, asserted Thursday they have “been fully engaged and at the table without interruption,” as development talks for the tourist hub continue to take sha
Emphasise ‘robust regulation’ to halt correspondent loss
The Bahamas’ “robust regulatory framework” and favourable ratings by international watchdogs should encourage correspondent banks to maintain relationships with this nation’s financial institutions, a well-known compliance officer believes.
New Baha Mar bid by Izmirlian
IN a letter sent yesterday, Baha Mar developer Sarkis Izmirlian asked the president of the China Exim Bank to accept his offer to complete and open the stalled resort, promising to rehire Bahamian employees while ensuring that the bank does not accept a discount on its debt.
‘JAZZ’ HITS GRAND SLAM FOR SECOND STRAIGHT GAME: Chisholm Jr and Marlins rout Braves 16-2, sweep series
MIAMI (AP) — Jasrado “Jazz” Chisholm Jr hit a grand slam for the second consecutive game and the Miami Marlins routed the Atlanta Braves 16-2 yesterday to complete a three-game sweep of the NL East champions.
Tax Coalition chief: ‘Fantastic’ if 85% VAT compliance
The Tax Coalition’s chairman yesterday said it would be “fantastic” if quarterly Value-Added Tax (VAT) filers achieved an 85 per cent compliance rate first-time, although he expected many to seek extensions to the April 28 deadline.
Ayton dominates in playoff debut
DEANDRE Ayton and the Phoenix Suns made a dynamic return to the NBA playoffs and dominated en route to the franchise’s first postseason win since 2011.
