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Jordan relaxes in Bahamas before the big game
HIGHLY acclaimed linebacker Jordan Strachan took some time to relax in the Bahamas before he returned to Georgia State University for their big college bowl football game this weekend.
Bahamas is hailed for 'stroke of genius'
The Bahamas was yesterday hailed for "a stroke of genius" in developing Florida-based pre-clearance facilities for a private aviation market that has "almost doubled" in volume during recent months.
CIBC suffers major loss amid $94m dividend wait
CIBC FirstCaribbean International Bank (Bahamas) plunged to a $63.543m net loss for the year to end-October 2020 as it awaits permission to pay almost $94m in total dividends to shareholders.
$1.5bn debt repayment in a year? 'No problem'
The Ministry of Finance's top official yesterday said he "foresees no challenge" over the Government meeting almost $1.5bn in debt principal repayments coming due within the next 12 months.
No protest 'ducking' by oil drill ship
Environmental activists yesterday said they were "extremely concerned" that time is rapidly running out to halt Bahamas Petroleum Company (BPC) after its drilling ship "ducked" their welcome.
Nassau shipping rates face impact 'for better'
The Nassau Container Port's top executive yesterday said Bahamian cargo shipping rates could be impacted "for the better" in early 2021 after a major carrier signalled its plans to service this market.
'Minnis can shut country but not escape oil deal?'
Bahamas Petroleum Company's (BPC) oil drilling ship will this morning likely face "a welcoming committee", as one activist charged: "The PM can shut the country down but not get out of a bad oil deal?"
INSIGHT: Who wants to be a millionaire?
SOME of you may remember the famous game show, Who Wants to be a Millionaire? where contestants answered multiple choice questions that would allow them to cash in on one million big ones. But who knew being born Bahamian paved an even easier path to wealth?
Hurricane Hole development to help mega yacht ambitions
The Prime Minister has praised the $250m Hurricane Hole development for helping The Bahamas realise its potential as "the number one mega yacht destination in the world".
AML Foods shrugs off pandemic with $7m profits swing
AML Foods has received a further $2m boost from Hurricane Dorian insurance recoveries as it posted a more than $1.6m bottom line reversal into the black for its just-ended 2021 second quarter.
STATESIDE: Scariness and imperfections of democracy
IN the weeks and months prior to and since the American general elections five weeks ago, ‘democracy’ may have been uttered more often as at any time in recent US history. Every commentator seems to invoke the term, with widely varying applications depending on the point being made. What is democracy, anyway?
Kalik brewer: We'll retain 'at least' 90% of workers
Commonwealth Brewery yesterday pledged to retain at least 90 percent of its workforce as the final number of staff to be terminated in the latest redundancy exercise has not been determined.
Gov't confirms set-off on unemployment benefits
The Government last night said furloughed workers still being paid part of their normal salary by employers will not receive the full weekly unemployment benefit in a bid to conserve "scarce resources".
Insurer hits 'summit' on rating affirmation
A Bahamian property and casualty insurer has seen its "financial strength" and credit rating reaffirmed by the industry's leading global assessor.
Governor warns on future tax increases
The Central Bank's governor has echoed warnings that Bahamians should brace for new and/or increased taxes as he dismissed suggestions the Government may soon default on its debt.
Colina shareholders see 77% profits cut
Colina Holdings (Bahamas) has blamed the damage inflicted by COVID-19 on the value of its investment holdings for a 76.6 percent comprehensive income drop for the nine months to end-September.
STATESIDE: Hey Mr Trump, where's all this money going to end up?
It shouldn’t have really surprised anyone. But it did.
Aviation 'cutting edge' targeted for early 2021
A Cabinet minister is aiming to bring a reform package that will keep The Bahamas on aviation's "cutting edge", and improve its global regulatory standing, to Parliament in the 2021 first quarter.
‘True fall-out’: Household loan defaults grow $58m
MORTGAGE and consumer loan delinquencies increased by $58m during October 2020 with a senior banker warning it may take five to seven years to recover from COVID-19’s “true fall-out”.
Governor rejects non-essential import curb
The Central Bank's governor yesterday rejected as "bureaucratically inefficient" suggestions that The Bahamas impose restrictions on non-essential imports to protect the foreign currency reserves.