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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.

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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.

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

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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.

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‘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.

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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.

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

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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

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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.

Wells and Rose finish in tie with Jamaica for trophy

A FIFTH overall finish for Team Bahamas was highlighted by an historic performance from the senior members of the team which ended a drought that lasted more than two decades.

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Bahamas on a roll at Pan Am Bowling Championships

The men’s team was the first to hit the lanes for Team Bahamas at the Pan American Bowling Confederation (PABCON) Championships being hosted in Cali, Colombia.

GB Power: ‘16 deficiencies’ in its metering and billing

A well-known Freeport food retailer is now challenging its more than $40,000 monthly electricity bill in the Supreme Court, a move that comes after a report uncovered “16 deficiencies” in Grand Bahama Power Company’s metering and billing practices.

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DIANE PHILLIPS: Take to the streets - Moms Lives Matter too

There’s a potential major movement that hasn’t attracted a blaring headline or, come to think of it, a single official member yet. But you can feel its rumblings stirring. Even if it got fully organized, even if it huffed and puffed and built numbers and momentum, its members would be mostly selfless, well-behaved people who would never incite a fuss, let alone stage a riot, take to looting or toss hand grenades. They’d probably be cleaning, polishing and storing the ammo.

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FACE TO FACE: Ginny’s been peddling the recycling message for years - and it pays off

Bahamians throw away more than $1.5 million worth of aluminium cans each year – cans that could have been recycled and that could have brought money back into the country. With that amount of waste going into the landfill, being strewn across beaches, ending up in the sea and becoming litter on roadsides we have every reason to want to do something about it.

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Gov't gets 'F' for VAT implementation

The Government is losing the public relations battle over Value-Added Tax (VAT) through its “cloak and dagger” tactics, a leading businessman warning yesterday he had to believe the Nassau Institute study’s conclusions in the absence of other evidence.