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Tsonga beats Nadal to reach the semifinals
By MATTIAS KAREN AP Sports Writer LONDON (AP) -- Jo-Wilfried Tsonga qualified for the semifinals in the ATP World Tour Finals at the expense of Rafael Nadal, beating the second-ranked Spaniard 7-6 (2), 4-6, 6-3 on Thursday in a decisive round-robin match.
Waltiea has third double double of season
A PAIR of double doubles from Bahamian players last night in Euroleague action netted different results for Waltiea Rolle and Kino Burrows and their respective clubs.
RBC Wealth Management appoints co-heads
RBC Wealth Management, part of Royal Bank of Canada, has announced the appointment of David Foster and Mike Adams as co-heads of the Caribbean business, based in Cayman and Barbados respectively.
Jobs to go in RBC shake-up
JOB losses are imminent at RBC Royal Bank as it moves to better manage operating costs in a low-growth environment, managing director Nathaniel Beneby confirmed yesterday.
MITCHELL CASTS DOUBT ON INVESTOR CITIZENSHIP PLAN
FOREIGN Affairs Minister Fred Mitchell said yesterday that he does not think the idea of high net worth expatriates gaining Bahamian citizenship in exchange for investments would work in the Bahamas as it “would not fly well” with the local populace.
'Brand Bahamas' needed to make Asian inroads
By NEIL HARTNELL
Doctors in $573k project write-off
Doctors Hospital has written-off $573,000 in architectural drawing fees after deciding not to proceed with a “major renovation” investment at its main Collins Avenue facility.
Property Fund ‘nowhere close’ to rental targets
The BISX-listed Bahamas Property Fund says occupancy rates at its two flagship properties are “nowhere close to where we’d like to be”, after it incurred a $1.545 million net loss for 2015.
Freeport ‘deficit’: PM at odds with Govt Committee
The Prime Minister’s assertion that the Government runs a higher deficit in Freeport than anywhere else in the Bahamas appears at odds with the report produced by his own committee.
FINCO: Three-year offload sparks $9.1m provision hit
Despite recovering "in excess of" 80 per cent of the outstanding principal 0n distressed property sales, FINCO's managing director yesterday said the mortgage
BISX-listed fundloses '$1m net'on flagship's22% vacancy
The BISX-listed Bahamas Property Fund is losing "in excess of $1 million net " in annual profits due to a 22 per cent vacancy rate at its flagship Bahama
Bahamas Waste targets 34% profit rise, waste plant bids
BAHAMAS Waste has submitted bids for the multi-million dollar Pinewood Gardens and Gladstone Road wastewater treatment plants in a move to expand its service lines, Tribune Business was told yesterday, with the BISX-listed company projecting a 34.4 per cent net income increase for 2012.
Bahamas First's 'banner year' as profits up 548%
BAHAMAS First’s chief executive yesterday hailed 2017 as “a banner year” where profits increased almost seven-fold, adding: “Everything we needed to go in our favour did.”Patrick Ward told Tribune Business that the “buildings blocks” laid by the prop
Fidelity targeting 10% profits rise
FIDELITY Bank (Bahamas) is targeting 10 per cent profits growth for 2018, following a year in which the “cost of business” exceeded staff payroll and benefits.Gowon Bowe, the BISX-listed institution’s chief financial officer, told Tribune Business th
Bahamas First in 18.5% motor claim increase
Bahamas First has seen a 20 percentage point decline in comprehensive insurance policies’ share of its auto book since the recession began, with total Bahamian motor claims increasing by 18.5 per cent in 2012. ==
Gov't to collect just over half initial VAT goal
The Government will realise just over half of its projected Value-Added Tax (VAT) net revenue increase in the first year, the International Monetary Fund (IMF) has warned, with forecast increases in Customs and real property taxes also over-optimistic.
BoB rocked by new $24m loss
Bank of the Bahamas suffered another $24 million loss for its 2016 financial year, shareholders have been told, as the BISX-listed institution asks them for a further $40 million in equity capital.
Cable in $169m refinance amid return to profitability
Cable Bahamas yesterday unveiled plans to refinance $169m in preference share debt, and slash annual interest payments by $500,000, after generating its first quarterly net profit for several years.
Bank 'optimistic' despite $3.175m shareholder loss
Bank of the Bahamas is “cautiously optimistic” 2014 will herald a turnaround in its financial performance, after a 158 per cent increase in loan loss provisions pushed its ordinary shareholders into a $3.175 million net loss.
Regulator rejects Cable’s BTC ‘price rebalancing’ fears
Regulators have rejected Cable Bahamas’ pleas to prevent an “inordinate financial burden” being placed on other operators through the absence of long-overdue ‘tariff rebalancing’ by the Bahamas Telecommunications Company (BTC).
