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COLINA GENERAL HAD $2M ASSET DEFICIENCY
By NEIL HARTNELL Tribune Business Editor Colina General Insurance Agency had an almost-$2 million balance sheet solvency deficiency when it was acquired by its sister company, BISX-listed Colina Holdings (Bahamas), in early December 2011 for just $1, Tri
Man United rallies to tie Chelsea
LONDON (AP) -- Javier Hernandez completed Manchester United's comeback from a 3-0 deficit at Chelsea on Sunday with a late header that salvaged a 3-3 draw and leaves the defending champions two points off the Premier League lead. After storming to a 3-0 le
Hurricane VAT holiday to have ‘net zero’ effect
An ex-Bahamian Contractors Association (BCA) president yesterday said building material price hikes mean the government’s hurricane readiness VAT “holiday” and other tax breaks will just have a “net zero” effect.
AML Foods shrugs off pandemic with $7m profits swing
AML Foods has received a further $2m boost from Hurricane Dorian insurance recoveries as it posted a more than $1.6m bottom line reversal into the black for its just-ended 2021 second quarter.
Cable pledges 'remedy' over Aliv $60m bond
Cable Bahamas' top executive yesterday said itself and the Government will "remedy any challenges" caused by non-compliance with covenants related to $60m in bonds issued on Aliv's behalf.
Team Bahamas' performance exceeds expectations at the Optimist North American Championships
NATIONAL team head coach Keir Clarke said the Bahamas’ 16-member team exceeded expectations for a group relatively new to an elite level of international competition in this year’s Optimist North American Championships. The big event was hosted by t
Flamingos Women’s Golf Club 242 hosts its inaugural 18 hole scramble golf tournament at Baha Mar’s Royal Blue Golf Course
THE development of women’s golf is making headway led by the Flamingos Women’s Golf Club 242.
Sands Beer Cup to be awarded to golfer with most net points
EARLIER in the year the Bahamas Golf Federation and the Bahamian Brewery and Beverage Company announced a new event called the Sands Beer Cup. The Cup, which is being specially designed by Sands Beer, will be awarded to the golfer with the most net
Trip to Miami Heat game is just the ticket for nine-year-old Amauri
MIAMI, Florida - He should have been in school at Queen’s College but Amauri Bonamy was elated to take the time off to attend the National Basketball Association game on Wednesday night between the Miami Heat and the Brooklyn Nets at the American Airlines Arena.
Kalik maker: Product shortages ‘inevitable’
Kalik’s manufacturer has continued to warn that product shortages and price hikes are “inevitable” due to continued supply chain disruptions post-COVID despite generating $1.3min profits for the 2022 first quarter.
Bahamasair seeks additional $11.2M
Bahamasair needs an additional $11.2 million taxpayer subsidy to get it through the 2012-2013 fiscal year, the national flag carrier having seen its half-year net loss increase by 19.4 per cent year-over-year.
‘Payroll tax not a viable option’
BAHAMIAN workers would face grave reductions in take-home pay if a payroll tax were implemented instead of a Value Added Tax (VAT), the three leading government voices in financial affairs, including the Prime Minister, agreed.
Poorest Bahamians face 11% spend cut without VAT net
The poorest Bahamians would face an 11.2 per cent spending/disposable income cut over 10 years as a result of Value-Added Tax (VAT) if no ‘social safety net’ is provided, with poverty levels increasing in line with the tax rate.
CABLE PRESSURED BY 18.5% COST RISE
Cable Bahamas last night unveiled a 2.5 per cent net income increase for 2011 to $20.483 million, as it warned that rising costs continued to "challenge" its financial performance. Unveiling an improvement upon its 2010 bottom line of $19.991 million, the
CABLE PRESSURED BY 18.5% COST RISE
Cable Bahamas last night unveiled a 2.5 per cent net income increase for 2011 to $20.483 million, as it warned that rising costs continued to "challenge" its financial performance. Unveiling an improvement upon its 2010 bottom line of $19.991 million, the
URCA warned over ‘maximum damage’
The Utilities Regulation & Competition Authority (URCA) is threatening to “inflict maximum damage” on the now-liberalising mobile market via a major change to its regulatory approach on retail pricing.
COVID gives Doctors $58m top-line boost
Doctors Hospital has enjoyed a $58m revenue boost from COVID-19, it was revealed yesterday, helping to send net income soaring by 130 percent year-over-year for the 12 months to end-January 2022.
Bahamas urged: 'Look outside' financial sector on Brazil, Asia
THE Bahamas Financial Services Board's (BFSB) immediate past chairman yesterday urged the Bahamas to look beyond financial services when seeking to attract Asian and Brazilian investors to these shores, after the 2012 World Wealth Report identified both regions as the fastest growing market for high net worth individuals.
Fidelity: ‘We’ll recapture $10m COVID provisions’
A BISX-listed bank yesterday said it ultimately expects to recover two-thirds of last year’s $15m loan loss provision increase as it bids to shrug-off COVID-19 by more than doubling profits in 2021.
Airport's $14m loss 'not major concern'
Nassau’s airport operator says its latest $14.153m net loss, and $56.5m total deficit, is “not a significant concern” as it continues to meet all payments on its $500m-plus debt.The Nassau Airport Development Company (NAD), in e-mailed replies to Tri
