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Investors ‘amazed’ over BOB’s first profit in 5 years
BANK of the Bahamas (BOB) “amazed” its shareholders yesterday by declaring its first quarterly profit in almost five years, following its $162 million summer ‘bail-out’.
BEC's $24.3m loss swing 'a shocker'
The Bahamas Electricity Corporation’s (BEC) net loss for the 2012 financial year represents a negative $24.3 million swing from internal projections, a former executive chairman describing this as “a shocker” and adding: “Something seems dreadfully amiss.”
FINCO profits slump 91.4%
Finance Corporation of the Bahamas (FINCO) saw its profits slump 91.4 per cent for the year ending October 31, 2014, primarily due to a more than four-fold increase in loan loss provisioning to $35.595 million.
Law firm calls for creation of Bahamas aircraft registry
TWO senior lawyers are calling for the creation of a Bahamas aircraft registry, saying it could lead to a host of related businesses and industries. They said such a registry would create jobs, fuel economic diversity, potentially boost Family Island busi
Law firm calls for creation of Bahamas aircraft registry
TWO senior lawyers are calling for the creation of a Bahamas aircraft registry, saying it could lead to a host of related businesses and industries. They said such a registry would create jobs, fuel economic diversity, potentially boost Family Island busi
Steps towards a greener future
ActivTrades
STILL unknown to most, Carbon Allowances will soon start catching headlines, gaining importance as an increasing number of countries adopt zero net carbon targets, leaving polluting businesses’ under pressure to either drastically reduce emissions or offset them through such credits, in order to avoid heavy fines or outright closing-down by authorities.
Ministry says changes in payments could prevent end-of-month queues
OFFICIALS at the Ministry of Social Services and Community Development said a pilot study of the Proxy Means Test that will be used as part of the Conditional Cash Transfer System of the Bahamas Social Safety Net Programme went “extremely well” – despite some minor issues.
FamGuard to make agent acquisition
FamGuard Corporation’s insurance agency subsidiary is expanding via the acquisition of a rival Nassau-based agent, Tribune Business has been told, with the BISX-listed insurer shrugging off a sharp 64.8 per cent annuity decline to post a slight half-year profit increase.
AML aims to 'double' its net profit margin
AML Foods is aiming to double net profit margins to 4 per cent, its chief executive telling Tribune Business yesterday that it was targeting year-over-year top-line growth of 16.4 per cent to $115 million for its current financial year.
Fidelity on track for $8m full-year profits
Fidelity Bank (Bahamas) believes its $2 million first quarter net income performance will repeat throughout 2013, with shareholder equity returns having risen another 3.7 percentage points.
Bank of Bahamas: $69m loss drove insolvency fears
Bank of the Bahamas’ shareholders suffered a $68.747 million net loss for the year to end-June 30, wiping out its retained earnings prior to Friday’s $100 million bail-out.
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
Dennis Dames declares war
As a Free National Movement (FNM) supporter since the 1970s, I am ready to cast my net on the other side. The party has been transformed in to a sweetheart political organisation – where the leaders appear to be following in the footsteps of their whore-mongering predecessors.
‘Prioritise’ business ease, GB Chamber chief urges
IMPROVING the ease of doing business must be a “high priority” if Grand Bahama is to transform itself into an international business centre, its Chamber of Commerce president said yesterday.
Tourism levels really a success?
WHAT are our actual, net stay-over visitor levels? How many ‘oo’s do we attract by holding Government meetings, etc…?
RoyalStar: 'We'll be hunter, not the prey'
RoyalStar Assurance is aiming to leverage its $44 million net equity and “become one of the premier players in the Caribbean” within the next five years, its managing director saying: “We want to be the hunter, not the prey.”
Summit scales peak in 72% profit growth
A Bahamian insurer believes it will be “challenging” to repeat a 2015 performance which saw its net income increase by 72.3 per cent year-over-year.
Fidelity targets $25m annual profits despite 2022’s miss
Fidelity Bank (Bahamas) is targeting $25m in net profits for 2023 despite failing to achieve the same goal last year, its top executive revealed yesterday.
Benchmark 'comforts' Alliance in $2.5m loss
Benchmark (Bahamas) chief executive yesterday said the 'comfort letter' it provided last year to its Alliance Insurance Management subsidiary to affirm it was a going concern was not "a cause for worry", as the BISX-listed investment manager unveiled a $2.5 million net loss for 2011.
Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
