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Aliv gains network ‘ownership’ through $24m loan payback
Aliv has gained “ownership” of its mobile network equipment by paying off a $24m loan with the proceeds from long-term debt advanced by its controlling shareholder, its top executive has revealed.
Aliv set to double Cable ‘contribution’
Aliv is on track to double last year’s $8m “contribution” to Cable Bahamas’ results, its top executive revealed yesterday, while reiterating it was “never a quick dash to the finish line” on net profitability.
Union seeking answers as CIBC sale collapses
A trade union leader is today hoping to today discover whether CIBC’s efforts to exit majority FirstCaribbean ownership have hit “the end of the road” following the collapse of a $797m deal.
Tax break scrutiny urged as Albany’s exemption $23m
The high-end Albany project received more than $23m in tax breaks during the 2017-2018 fiscal year as the government’s financial watchdog called for a “cost benefit analysis” on all such exemptions.
ALICIA WALLACE: It’s our job to protect young girls by recognising the reality facing us
The issue of sexual violence against women and girls is in the media too often for us to pretend the incidents are isolated or separate from systemic issues. We struggle to recognise and address some of those issues, such as capitalism and misogyny, while others are universal enough to receive widespread acknowledgement.
Insurer challenge to IMF’s proposal
A top insurer yesterday challenged how The Bahamas could enforce the IMF’s “mandatory property insurance” proposal when it is currently failing to do this with existing laws.
Tourism return to pre-COVID peak in 2023
The start of tourism’s revival has been “pushed back” beyond the peak winter season, the Central Bank’s governor warned yesterday, with a return to top performance not expected until 2023.
‘No delusions’ on foreign reserves
The Central Bank has “no delusions” over an external reserves mix that will likely fall below pre-pandemic levels of $1.5bn prior to COVID-19 recovery starting, its governor said yesterday.
RBC OPENS NEW OFFICE AT ALBANY
Royal Bank of Canada (RBC) has moved closer to its high net worth clients by opening an office at Albany to serve such customers.
Govt backs ‘mandatory’ property insurance call
The government has “agreed” that property insurance must be mandatory throughout The Bahamas with Dorian-related reinsurance inflows giving the external reserves a $1.3bn boost.
Gross govt borrowing leaps four-fold to $2bn
The government’s gross borrowings leapt four-fold year-over-year to more than $2bn during the six months to end-2020, it was revealed yesterday, exceeding what was projected for the full fiscal year.
Clarke and Blazers suffer second straight match loss
SYDNEY Clarke and her University of Arlington Blazers at Birmingham suffered their second straight match loss, dropping a 5-2 decision to the Georgia Tech Yellow Jackets on Friday at the Ken Byers Tennis Complex in Atlanta.
IMF calls for austerity in the ‘hundreds of millions’
The International Monetary Fund (IMF) yesterday exposed the harsh austerity Bahamians face post-COVID by urging the government to increase its “net income” by more than $300m over four years.
Auditor General set to probe COVID spending
The government has pledged that the Auditor-General will probe all COVID-19 related spending and revenue losses in bid to uncover any “irregularities”, the International Monetary Fund (IMF) revealed.
Ayton grabs 14 rebounds in Suns’ 102-97 loss to Thunder
PHOENIX (AP) — Chris Paul reminded the Oklahoma City Thunder what they were missing after trading him during the offseason. Then the Thunder turned around and reminded the Phoenix Suns and Paul why they’re a team that appears on the rise.
BPL targeting $85m from local investors
Bahamas Power & Light’s (BPL) chairman yesterday voiced confidence that local investors will “fully subscribe” for the $85m portion of its upcoming bond issue that will be placed in this nation.
Caribbean-US relations: Chance to merge might with right
EVENTS in Washington on January 20 were a welcome relief and release for the world.
Biden’s action ‘simply devastating’ to tourism
A Cabinet minister yesterday warned new US quarantine requirements are “simply devastating” for the Bahamian tourism industry’s rebound, adding: “This keeps us on the edge that much longer.”
COVID test to enter U.S. a good step
The latest fit of hypocrisy to take hold here is the protestations from some Bahamians at the fact that the US is finally taking steps to bring its intractable Covid crisis to heel.
EDITORIAL: No more violence against children
THE video that showed adults at the Children’s Emergency Hostel beating the youngsters in their care was shocking enough – but yesterday added one further shocking twist to the incident.
