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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
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
Govt 'will not rest' until Grand Lucaya solution achieved
The Government yesterday said it was seeking “the best redevelopment deal” possible for the Grand Lucayan resort and associated amenities, promising it “will not rest” until this is achieved.Senator Kwasi Thompson, minister of state for Grand Bahama,
Bahamas ‘can’t get away without VAT’
The Bahamas “couldn’t get away without” implementing Value-Added Tax (VAT), a prominent governance reform campaigner argued yesterday, because the national debt and annual deficits were simply “too high”.
PMH forced to restrict services as cases surge
PRINCESS Margaret Hospital has suspended all elective surgeries and only emergency cases are being allowed in response to an influx of COVID-19 cases in recent weeks.
‘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.
Cleanup resumes in Bahamas as Humberto swirls away
MCLEAN'S TOWN, Bahamas (AP) — Jeffrey Roberts lifted a mustard-yellow curtain from the ground to hunt for passports and other documents at the place where his family's home stood before Hurricane Dorian blasted into Grand Bahama Island.
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.
Contractor chief hails removal of 'cloak and dagger'
THE Bahamian Contractors Association’s (BCA) president yesterday hailed the new pre-qualification process for removing the “cloak and dagger” secrecy around public project bidding.Leonard Sands told Tribune Business that the new regime, unveiled by g
‘We didn’t threaten doctors’
HEALTH Minister Dr Duane Sands said yesterday he was “flabbergasted” to learn of doctors allegedly being threatened with non-contract renewal if they choose not to volunteer in the COVID-19 fight.
IDB loans $200m to aid business climate
The Inter-American Development Bank (IDB) yesterday said it has approved a $200m loan to boost the business climate through increased productivity, innovation and greater diversification. The multilateral lender said the initiative would support the
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
Cruise industry 'accelerates' $455m projects post-Dorian
The cruise industry has pledged to help “broadcast the message that most of The Bahamas is open” after raising $8m for Hurricane Dorian relief and recovery efforts. The Florida-Caribbean Cruise Association (FCCA), in a statement, said its member lin
‘Comfort’ as PM pledges tax increases last resort
Businesses and Bahamians can take “comfort” from the Prime Minister’s repeated assertion that new and/or increased taxes will be “a last resort”, a governance reformer said yesterday.
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.
Significant damage to 95% of buildings in Eight Mile Rock and Holmes Rock
NINETY five per cent of the buildings in the Eight Mile Rock and Holmes Rock areas in Grand Bahama received significant damage from Hurricane Matthew on Thursday night and Friday morning, Brenda Colebrooke, the island administrator for West Grand Bahama, said.
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”.
