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Bahamas First sees Q1 losses increase 50%

Bahamas First yesterday blamed a decline in the value of its investment holdings and a $4.1m year-over-year reversal on its Cayman health insurance portfolio for a $1.344m first quarter loss.

Fidelity ‘well on way’ to beat $15m profit target

A BISX-listed bank’s top executive says it is “well on its way” to exceeding its $15m full-year profit target for 2021 if first quarter “trends hold” over the remaining seven-and-a-half months.

BTC revenues off 9% despite mobile revival

The Bahamas Telecommunications Company (BTC) suffered a near-nine percent year-over-year revenue decline for the 2021 first quarter despite driving a 2,400 post-paid mobile subscriber rise.

Sarkis: CCA explanation ‘doesn’t pass smell test’

Sarkis Izmirlian is blasting the explanation given by Baha Mar’s contractor for how it obtained his legal papers, later used to cut a nine-figure damages claim to just $30m, for “failing to pass the smell test”.

Internet banking users jump 31%

The number of Bahamian internet banking users increased by almost 31 percent to breach the 100,000 mark in 2020 as COVID-19 increasingly drove persons to digital transactions.

Near ‘border line’ over govt debt write-down

The government was yesterday urged to “tread very cautiously” because banks and other institutions are at “the border line” of incurring credit losses on their holdings of its bond debt.

Thomas joins Roc Nation Sports roster

TAHNAJ Thomas became the second Bahamian baseball prospect to sign with one of the fastest rising sports agencies in America.

‘Embrace call’ to pay for COVID-19 debt blow-out

The Central Bank’s governor yesterday argued Bahamians must “embrace the call” to pay for the country’s COVID debt blow-out, but hinted that new and/or increased taxes are unlikely to be imminent.

Doctors Hospital ‘going miles to be investor magnet’

Doctors Hospital’s tie-up with the Cleveland Clinic “will go miles to becoming a magnet” for The Bahamas to attract high net worth investors concerned about healthcare, its president said yesterday.

STATESIDE: Times they are a changing

PRELIMINARY results of the once-a-decade American census were revealed this week, and they largely confirm what we have been hearing for years.

Woman who hurt ankle awarded $70,000

THE Supreme Court has awarded more than $70,000 in damages to an elderly woman who suffered ankle injuries after falling down a utility conduit at Arawak Cay nearly nine years ago.

Conch alert after cases of suspected poisoning

FOOD safety officials are cautioning against the consumption of fresh conch after several suspected cases of conch poisoning.

‘Nothing to fear for compliant licensees’

Bahamas-based securities dealers that meet existing requirements will all meet the Securities Commission’s enhanced capital adequacy rules, regulators revealed yesterday.

Ayton posts double double in loss to Nets

DEANDRE Ayton delivered another efficient performance for the Phoenix Suns but they fell short of sweeping the top three teams in the Eastern Conference on their recent road trip.

Target ‘big boys’ first with corporate taxes

The Bahamas should initially only target companies generating more than $5m or $10m in annual net profits with a corporate income tax, a well-known attorney is arguing.

Deandre Ayton is 'Mr Efficiency'

Deandre Ayton’s efficiency has been an integral part of the Phoenix Suns’ rise in the NBA standings.

RoyalStar poised to acquire agency owned by shareholder

RoyalStar Assurance and its parent are poised to acquire the insurance agency operations of one of their major shareholders, multiple industry sources have revealed.

‘Naive to think we’ll stay zero tax nation’

A former deputy prime minister yesterday urged the government to “rush to the finish” on developing tax reform options, warning: “It would be naive to think we can continue as a ‘zero tax’ nation.”

Briland: Cruise tourism ‘disaster waiting to happen’

More than 99.4 percent of existing and potential Harbour Island visitors have made it “crystal clear cruise tourism is a disaster waiting to happen” for the destination, a hotelier warned yesterday.

Crystal Cruises Exec: ‘Brighter days’ ahead

A CRYSTAL Cruises executive sees “brighter days” ahead once their ships start coming to The Bahamas in June.

The Tribune

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