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Gov’ts Central Bank debt soars 85% on IMF SDRs
The Government’s controversial borrowing of IMF special drawing rights (SDRs) reversed five years of decline by causing its net debt to the Central Bank to soar by 85.4 percent to $805.6m.
10% increase for social safety net
THE government will next month increase the rates of the Social Safety Net Benefits Assistance Programme by ten percent across the board, according to Social Services and Urban Development Minister Obie Wilchcombe.
Political elite is a millionaires' club
BISHOP Simeon Hall hit out at the country's entire political class yesterday following the disclosure of candidates' assets.
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
Lincoln Bain defends declared net worth and liabilities
COALITION of Independents leader Lincoln Bain defended his $1.8m net worth yesterday, telling The Tribune that he gained his wealth through a successful investment strategy.
$7.5M borrowing for social safety net approved
A RESOLUTION to borrow $7.5 million for the government’s Social Safety Net Programme was passed in the House of Assembly yesterday.
Chelsea-Barcelona, Madrid-Bayern to face off in Champs League semifinals
By ROB HARRIS AP Sports Writer LONDON (AP) -- Cristiano Ronaldo's double ensured Real Madrid easily ended APOEL Nicosia's extraordinary Champions League run yesterday and set up a semifinal with Bayern Munich, while Chelsea will next face holder Barcelona
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
Saved by the net
By Mike Lightbourn You're ready to list, but are you ready to sell? Let's say that on the first day your home is for sale, your agent shows it to prospective buyers. They love it, and make an offer on the spot. You were asking $345,000, and they offer $3
Saved by the net
By Mike Lightbourn You're ready to list, but are you ready to sell? Let's say that on the first day your home is for sale, your agent shows it to prospective buyers. They love it, and make an offer on the spot. You were asking $345,000, and they offer $3
BOB profits decline $1m on 141% credit loss rise
A 141 percent increase in loan loss provisions due to Hurricane Dorian and new accounting treatments have been blamed for cutting Bank of The Bahamas’ first-half profits by more than $1m. The BISX-listed institution, unveiling its results for the si
RoyalStar profits drop 73% in 2016
RoyalStar Assurance saw its 2016 profits decline by 72.8 per cent year-over-year due to Hurricane Matthew, with drove a more than-$4 million increase in net claims after reinsurance payouts.
Foreign reserves take $45m hit, the Central Bank reports
The Central Bank says foreign reserves contracted in the month of July by $45m and will continue to fall on the back of weak tourism demand as they also forecast the economy will continue on this path for the reminder of the year.
Excess bank liquidity at $2.8bn by end-January
BAHAMIAN commercial bank surplus liquidity almost hit the $2.8bn mark at end-January 2023 even though the decline in the industry’s deposit base outpaced the contraction in domestic credit, it was revealed yesterday.
Colina suffers 26% profit drop in 2018
Colina Holdings (Bahamas) suffered a 26 percent year-over-year net income decline in 2018 as a result of increased policyholder claims, it revealed last night.
Ex-Minister: Set BPL renewable price now
A former Cabinet Minister has called for a set retail price at which Bahamas Power & Light (BPL) will compensate consumers under its small-scale renewable generation proposal.
Colina profits rise more than five-fold
Colina Holdings (Bahamas) yesterday said net income available to ordimary shareholders had more than quintupled year-over-year, hitting $7.1 million for the first nine months of 2012 compared to $1.3 million last year.
Doctors suffers $1.8m half year reversal into the red
Doctors Hospital has seen a 14.2 per cent second quarter decline in patient days compared to 2013, with net patient revenue falling 7.3 per cent compared to last year's second quarter.
Arawak port beats Q1 profits target by 56%
Nassau’s main commercial shipping port is targeting an $808,000 year-over-year increase in net profits for its 2023 financial year after first quarter net income exceeded forecasts by some 56 percent.
CIBC lay-offs 30% below projections
CIBC FirstCaribbean International Bank (Bahamas) managed to cut projected lay-offs by 30 per cent through switching employees to other posts, as one-off charges forced into a record $147.8 million net loss for its 2014 financial year.
