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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

INFRASTRUCTURE NOT LINKED TO THE ECONOMY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas traditionally has not made the connection between public infrastructure investment and increased economic activity, Progressive Liberal Party (PLP) Senator, Michael Halk

$10m to be borrowed to fix flaws in social services

By LAMECH JOHNSON Tribune Staff Reporter ljohnson@tribunemedia.net THE government is set to borrow $10 million from the Inter-American Development Bank to correct serious flaws in the Ministry of Social Services and its various assistance programmes for

INFRASTRUCTURE NOT LINKED TO THE ECONOMY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas traditionally has not made the connection between public infrastructure investment and increased economic activity, Progressive Liberal Party (PLP) Senator, Michael Halk

$10m to be borrowed to fix flaws in social services

By LAMECH JOHNSON Tribune Staff Reporter ljohnson@tribunemedia.net THE government is set to borrow $10 million from the Inter-American Development Bank to correct serious flaws in the Ministry of Social Services and its various assistance programmes for

INFRASTRUCTURE NOT LINKED TO THE ECONOMY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas traditionally has not made the connection between public infrastructure investment and increased economic activity, Progressive Liberal Party (PLP) Senator, Michael Halk

$10m to be borrowed to fix flaws in social services

By LAMECH JOHNSON Tribune Staff Reporter ljohnson@tribunemedia.net THE government is set to borrow $10 million from the Inter-American Development Bank to correct serious flaws in the Ministry of Social Services and its various assistance programmes for

INFRASTRUCTURE NOT LINKED TO THE ECONOMY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas traditionally has not made the connection between public infrastructure investment and increased economic activity, Progressive Liberal Party (PLP) Senator, Michael Halk

$10m to be borrowed to fix flaws in social services

By LAMECH JOHNSON Tribune Staff Reporter ljohnson@tribunemedia.net THE government is set to borrow $10 million from the Inter-American Development Bank to correct serious flaws in the Ministry of Social Services and its various assistance programmes for

INFRASTRUCTURE NOT LINKED TO THE ECONOMY

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas traditionally has not made the connection between public infrastructure investment and increased economic activity, Progressive Liberal Party (PLP) Senator, Michael Halk

$10m to be borrowed to fix flaws in social services

By LAMECH JOHNSON Tribune Staff Reporter ljohnson@tribunemedia.net THE government is set to borrow $10 million from the Inter-American Development Bank to correct serious flaws in the Ministry of Social Services and its various assistance programmes for

Answers sought on City Markets

Answers sought on City Markets By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The trade union representing City Markets' line staff is urgently seeking clarification from the Finlayson family over claims that the embattled fiv

Granger scores 25 as Pacers cool down the Heat 105-90

By CLIFF BRUNT AP Sports Writer INDIANAPOLIS (AP) -- Welcome to the spotlight, Indiana Pacers. While the Dwight Howard contract saga in Orlando, the emergence of Jeremy Lin in New York and team success in Chicago and Miami grabbed attention in the Eastern

Colina Holdings profits 'moderated' at $5.6ms

Colina Holdings profits 'moderated' at $5.6ms BISX-listed Colina Holdings (Bahamas) last night said it achieved "moderated" net income of $5.6 million for its 2011 financial year, as its performance was impacted by the slow economy and cut in the Bahamia

City Markets job fear

City Markets job fear By CELESTE NIXON Tribune Staff Reporter cnixon@tribunemedia.net TENSIONS remain high as 400 City Market employees are still unsure about the future of their jobs. According to Rosalie McKenzie, Bahamas Commercial Stores, Supermark

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

Milan holds Barcelona to 0-0 draw in Champions League

By DANIELLA MATAR Associated Press MILAN (AP) -- AC Milan held Barcelona to an entertaining 0-0 draw on Wednesday in the opening leg of the quarterfinals, the first time in 30 matches and more than two years that the Spanish team had been held scoreless i

Spurs boost Champs League hopes by beating Swansea

LONDON (AP) -- Tottenham beat Swansea 3-1 Sunday to close within goal difference of Arsenal for third place in the English Premier League. Tottenham's win also helped it keep Chelsea and Newcastle at arm's length in the race to finish in the Champions Leag

CITY MARKETS NAME 'SHOULD HAVE DIED'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE City Markets name was what ultimately caused the struggling supermarket chain to fail to recover, a rival food retailer believes, telling Tribune Business that the Finlayson fam

Bank warns on provisions rise

By NEIL HARTNELL Tribune Business Editor Bank of the Bahamas International has warned investors it may have to increase loan loss provisions further during its financial year's second half, its managing director telling Tribune Business it was "grappling