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AML Foods suffers 63% q1 profits fall
AML Foods suffered a near-63 percent profit decline for the quarter to end-July 2018 as the hangover from its prior financial year carried over into the new one.Franklyn Butler, the BISX-listed food retail and franchise group’s chairman, blamed the d
'Buddy Buckets' season high 23 in win over the Grizzlies
Buddy Hield followed up Tuesday’s disappointing game with a season high in scoring and minutes played as a part of a new-look, fast-paced Sacramento Kings offence.Hield finished with 23 points on 10-20 shooting from the field, including 3-6 from thre
At 9.5%, jobless total at lowest level for 10 years, says Turnquest
FINANCE Minister Peter Turnquest said while the government is pleased the national unemployment rate has dropped to 9.5 percent, its goal is to drive numbers even lower by securing stronger and more broad based growth for the economy. The ministry s
NPBA: Giants rout Rebels 99-56, Eagles Nest nip the Pirates 88-87
THE Commonwealth Bank Giants continued their winning streak as they highlighted the New Providence Basketball Association’s doubleheader at the AF Adderley Gymnasium on Monday night. In the feature game, the Giants routed the Patmor Rebels 99-56 to
Union seeking 'seat at table' on CIBC deal
Union leaders have written to the government seeking a “seat at the table” over the approval of CIBC FirstCaribbean’s majority sale to a Colombian-headquartered financial group.Teresa Mortimer, the Bahamas Financial Services Union’s (BFSU) president,
DIANE PHILLIPS: Leave our debt for another day - we need to spend to fight off climate change
Like most folks, I hate to owe anything to anybody. I feel a sense of supreme satisfaction paying off a credit card. I even enjoy paying bills (except BPL which infuriates me), but as I said, knowing that I’m momentarily debt-free and what I earn is what I get to keep - at least until the next bill comes along - provides a good-all-over feeling.
Cost Right lease's five-year extension for half the space
AML Foods has secured a five-year lease extension for 50 percent less space at its Town Centre Mall-based Cost Right store while it waits for the fate of its new location to be determined.Gavin Watchorn, the BISX-listed food group’s chief executive,
Bahamian investment overseas to hit $100m
The Central Bank’s governor yesterday forecast investment by Bahamians in overseas capital markets and real estate could this year increase by 25 percent compared to pre-COVID and hit $100m.
Gambler winnings tax ‘too complex’
The Minnis administration chose not to implement the tax on web shop patron winnings because it was “too complex” and could have driven gamblers back into the underground economy.
LJ Rose joins Rockets staff
A FORMER Bahamas senior’s men’s national team player will make the move from the court to the sidelines as he joins the staff of his hometown NBA franchise.
‘Slippery slope’: Don’t exploit private aviation
The Bahamas must “nurture rather than exploit” a booming private aviation market that can become increasingly “fickle” if hit with increased taxes, a prominent industry executive is warning.
Insurers ‘trying to hold line’ on rate increases
Bahamian insurers yesterday warned businesses and homeowners that premium prices are again coming under “upward pressure”, with one pledging: “We’re trying to hold the line.”
Hospital ‘must beat misperception’ that it’s not affordable
Doctors Hospital “must beat misperceptions” that its healthcare services are too expensive to be accessed by middle and lower income Bahamians, its chief financial officer says.
Two million have died in region since start of pandemic
PAN American Health Organisation officials have reported a “grim milestone” this week in that since the start of the pandemic some two million people in the region have died of COVID-19 complications.
'FNM hypocritical over firing then re-hiring'
PROGRESSIVE Liberal Party chairman Fred Mitchell yesterday ridiculed Public Service Minister Brensil Rolle for admitting that a “large number” of the 9,000 people hired under the Christie administration have been re-engaged by the Minnis administration.
Bank liquidity ‘cheaper but equal’ to global rule
The Central Bank believes its proposed bank liquidity standards “will be much simpler and cheaper” to implement than global rules but still have the same or “super-equivalent” effect.
Biometrics key to overcoming immigration fraud – Symonette
FINGERPRINTING has proven to be the Immigration Department’s best defence against fraud, according to Immigration Minister Brent Symonette, who spoke of the stunning accuracy of fake documents being generated.
Top realtor urges specific incentives for vacation rentals
A prominent realtor is urging the government to provide Hotels Encouragement Act-style incentives specifically for the vacation rental market to better empower Bahamian investors.
A COMIC'S VIEW: Hey Frankie, you know what your department does, right?
Where do I start this week? It’s been a veritable smorgasbord of material, courtesy of the present administration.
Buddy beats buzzer!
THE breakout season for Buddy Hield continues as he added another milestone to his résumé with his first buzzer-beating game-winner of his NBA career.
