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Job applicants exceed posts 10x at ex-Robin Hood
BUSINESSMAN Sandy Schaefer says he has distributed more than 1,100 applications for the 135-145 jobs that will be created when his new retail venture, ‘Shepherd’s Mart’, opens off Tonique Williams-Darling Highway by month’s end.
Robin Hood in reverse
EDITOR, The Tribune.
Credit union enjoys 'record breaking' 14% member growth
A well-known credit union yesterday said it had enjoyed a “pretty good year” in 2013, with “record breaking” 14 per cent growth in its membership coupled with a just under 8 per cent increase in total assets.
Murder suspect among latest arrests
POLICE arrested 17 persons on Monday, including one man for murder and others who were wanted for questioning in connection with serious offences such as possession of dangerous drugs and housebreaking.
Spencer leads Caribbean team to over 70 tennis tourney
KIT Spencer, president of IC Bahamas, led a combined IC Caribbean team to an over 70 tennis tournament in Belgium.
CARIFTA swim team named
AFTER an intense Last Chance Meet over the weekend at the Betty Kelly Kenning Swim Complex, Bahamas Aquatics selected and ratified a 39-member team that will represent the Bahamas at the CARIFTA Swimming and Open Water Championships.
BoB: 'Measure us' from 2015's start
Bank of the Bahamas is hoping its financial performance will “start to be measured” from the New Year onwards, after it unveiled an expected $4.198 million net loss for the 2015 first quarter.
Bahamas can be ‘first out gate’ over carbon credits
The Bahamas has “the ability to be first out the gate” in the Caribbean, and earn a potential multi-million dollar boost from the climate change fight, through legislation tabled in Parliament yesterday.
BUSINESS BITES: It’s all in the details if you care to read them
In writing its 2018 Annual Report, the board of directors of Cable Bahamas faced a challenging task: how to explain to shareholders that larger losses in net income and earnings per share should not obscure the strong prospects for long-term growth.
Bahamas First: No ‘abrupt change’ as profits drop 41%
Bahamas First’s top executive yesterday said there was “no reason to change” investment strategy after profits fell 41 percent in 2018 due to a negative $6.7m swing in portfolio values.
GB Power earnings $5.26m above rate approved by Port
Grand Bahama Power Company’s earnings exceeded its regulator-approved rate of return by $5.26 million for the 18 months to end-December 2013, with its bottom line undergoing an almost-$29 million year-over-year reversal.
CIBC loss to unions: 'Don't rattle the cage'
CIBC FirstCaribbean’s $174 million net loss is a warning signal to Bahamian trade unions not to make unrealistic demands or engage in the threatened three-day national strike, a leading businessman believes.
CARIFTA GAMES: Bahamas finishes third, will be hosts in 2018
ST. George's, Grenada: The BTC Bahamas team will be returning from the 45th Carifta Games with a third place finish and the bid to host the 47th version in 2018.
Cost of living to go up after power increase
THE Coalition of Concerned Citizens said that Grand Bahama would experience further increases in the cost of living as a result of the recent electricity base rate increase approved by the Grand Bahama Port Authority.
Firms ‘getting VAT a lot more’
Businesses are “getting it a lot more” in terms of how Value-Added Tax (VAT) works, the tax’s Comptroller praising the private sector for “tremendous progress” during the transition period.
Social services debit card to be introduced before December
SOCIAL Services Minister Melanie Griffin said yesterday that the government expects to implement the initial phase of its conditional cash transfer system – a prepaid debit card – by the end of November.
PM slams predecessor on $99m BTC deficit
Prime Minister Perry Christie has again slammed the former Ingraham administration for failing to provide the $39 million needed to cover the Bahamas Telecommunication Company’s (BTC) original pension fund deficit, arguing that this had caused the shortfall to balloon to $99 million.
Construction mortgages slump 25% during Q2
A 25 per cent contraction in mortgage disbursements during the 2012 second quarter has further highlighted the weak construction and local real estate market, although the Central Bank of the Bahamas said there were signs of a modest uptick.
Bahamians ‘not disciplined enough’ to use casinos
ROBERT “Sandy” Sands, senior vice-president of external and governmental affairs at Baha Mar, said yesterday Bahamians are not “disciplined” enough to be able to gamble in casinos locally.
Mortgage Corp loan provisions $71m off norm
Mortgage Corp loan provisions $71m off norm By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) existing policy underestimates loan loss provisioning by more than $71 million, it was disclosed yesterday, its chairman unveil
