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UB Mingoes’ Ronaldo scores two goals on opening day
UNIVERSITY of the Bahamas Mingoes striker Ronaldo Green scored two goals over two matches on opening day of the Bahamas Football Association’s season over the weekend.
BISX-listed firm pledges qualified audit ‘clear up’
A BISX-listed company’s top executive yesterday pledged that accounting woes which led to auditors issuing a “qualified” opinion on its 2021 full-year results will be “cleared up” in time for this year’s report.
Shaping tennis diamonds at BLTA’s ‘Play Tennis Bahamas’
THE “Play Tennis Bahamas” programme resumed on Saturday at the National Tennis Centre where kids ages five to 17 years old were instructed in tennis.
Bank client switch raises questions
A Central Bank-appointed administrator has transferred former Lucayas Bank (PIB) clients, and their assets, to another Bahamas-based institution whose ultimate principal has since been charged with bribery in the US.
EDITORIAL: Flyaway leaders while people left in need
TWO contrasting stories in today’s Tribune show how people living in the same country can be worlds apart.
AML: $17m will create ‘real power destination’
AML Foods yesterday pledged to “create a real power destination” through a total $17m investment that will place its Solomon’s and Cost Right brands side-by-side at the former’s Nassau SuperCentre location.
Bank to ‘double’ dividend on pre-Dorian profit return
Commonwealth Bank will this month “double” its quarterly dividend payment, and return more than 27 percent of year-to-date profits back to shareholders, as it forecasts returning to pre-Dorian annual profits of $50m-$60m for 2022.
Court asked to decide Cavalier’s $54k VAT bill
The Supreme Court will be asked to determine if a Cavalier Construction affiliate must pay an outstanding $54,161 VAT bill owed by the insolvent contractor, it has been disclosed.
Deficit target missed if not for aborted $86m PHA loan
The Opposition's finance spokesman yesterday charged that the Government would have missed its 2021-2022 deficit target but for the repayment of an aborted $86.2m Public Hospitals Authority (PHA) loan.
‘Not claiming victory’: Yet deficit is beaten by $70m
The Ministry of Finance’s top official yesterday said he “won’t claim that victory yet” despite the prior fiscal year’s $689.5m deficit coming in almost $70m below the final projection outlined in May’s Budget.
NAGICO mulls exit after $6m losses
A property and casualty insurer is mulling whether to exit the Bahamian market by seeking a buyer for its existing portfolio almost a decade after being licensed by the Insurance Commission.
Running Mon Marina and Resort purchased by Xquisite Yachts
The Running Mon Marina and Resort in Grand Bahama has been acquired by Xquisite Yachts, an award-winning yacht manufacturing company that plans to invest in the region of $3m to $5m to undertake major upgrades at the property.
Insurers to Gov’t: ‘We’re in this together’ with tax
Bahamian insurers yesterday said they have presented the Government with recommendations for solving the industry’s twin tax-related concerns without causing “disruption or confusion” in the market.
Bahamian broker’s clients in $1.3m ‘hacking’ fraud
Clients of a now-defunct Bahamian broker/dealer have been accused of abusing its accounts to both conduct and conceal a computer hacking-related securities fraud that netted them $1.3m in collective illegal profits.
STATESIDE: Difficult choices for undecided voters
ACCORDING to the venerable Gallup Poll, over the past two years, forty percent of surveyed voters have consistently identified their political affiliation as “independent.” Roughly thirty percent said they were Republicans and a similar percentage declared themselves to be Democrats.
BISX-listed fund still eyeing downtown parking solution
A BISX-listed fund yesterday declared its continuing interest in solving downtown Nassau’s parking woes by redeveloping the Registrar General’s former home as it renews ambitions to expand to a $100m property portfolio.
Fidelity’s $500k behind but ‘still on $25m track’ despite falling
Fidelity Bank (Bahamas) is “still on track” to deliver $25m in full-year profits despite falling $500,000 behind pace at the 2022 half-way mark, its top executive said yesterday, as he looks to merchant services to close the gap.
Inflation jumps five-fold to back PM’s warning
The Central Bank yesterday revealed that annual inflation for the year to June 2022 increased almost five-fold compared to the previous 12 months to give a stark indication of the cost of living crisis facing many Bahamian families.
Bahamas’ arrivals at 3m, just 16% off pre-COVID
The Bahamas received almost three million tourist arrivals during the 2022 first half, it was revealed yesterday, with June’s numbers just 16 percent down on the record-breaking pre-COVID pace set in 2019.
Gov’t’s ‘precarious finances’ rule out tax offset to inflation
TAX and duty cuts to counter surging inflation are ruled out given the Government’s “precarious finances” and $12b-plus national debt, a governance reformer warned last night.
