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Bahamas' GDP per capita fell 11.2% during recession
The Bahamas’ economic output per person declined by a total 11.2 per cent, or almost $3,000, between 2007-2011, Standard & Poor’s (S&P) warning that this “lags the growth rates” of countries with similar sovereign credit ratings.
Bahamas First ‘could not meet increased demand’
Bahamas First has been unable to meet new property insurance demand that “exceeded our expectations” despite securing additional reinsurance capacity for 2022 in a bid to generate growth.
Answers soughton City Markets
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The trade union representing City Markets' line staff is urgently seeking clarification from the Finlayson family over claims that the embattled fiv
Stopover visitors exceed pre-COVID high by 30%
Stopover arrivals beat pre-COVID highs by more than 30 percent in September with the economy forecast to hold its “growth momentum” into 2024, the Central Bank said yesterday.
ACTION HEATS UP IN THE NPBA OVER THE WEEKEND
THE New Providence Basketball Association continued its regular season action over the weekend with games played at both the Kendal Isaacs Gymnasium and the AF Adderley Gymnasium.
Wilson sets sights on COVID ‘fails’
A Bahamian insurer’s parent is targeting companies struggling to rebound from COVID-19, its chairman has revealed, after its corporate structure provided a $2.33m buffer against Hurricane Dorian claims payouts.
Bahamas First fights off IT system hackers
A major Bahamian insurance company has revealed it almost fell victim to computer hackers “during the height” of the COVID-19 pandemic’s lockdown. Bahamas First, the property and casualty underwriter, revealed in its just-released 2019 annual report
Investors buy up 35% of oil explorer's fund
A Bahamas-based oil explorer says it achieved its targets after local investors purchased 35 percent of the available shares in the investment fund it created.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, said in a statement th
Trust eyes 10 PPPs for National Parks
The Bahamas National Trust (BNT) yesterday revealed it is “exploring” ten ventures with private entities involving the country’s National Parks, but pledged: “Nothing unethical will be allowed.”Eric Carey, pictured, the BNT’s executive director, conf
Bahamian players advance in junior ITF Championships
HAVING recovered from the shock of being close to an earthquake in Trinidad & Tobago, top ranked Bahamian players Sydney Clarke and Donte Armbrister advanced from their first round set of matches at the Tobago Junior ITF Championships on Wednesday.
BOB signs deal to sell $103m trust business
Bank of The Bahamas has signed a deal to sell its $103m trust portfolio, the BISX-listed institution’s just-released 2019 financial statements have revealed.Virtually no details are provided about the sale, such as price and buyer identity, other tha
Inequalities of lockdown
As a (construction) owner’s representative/Project Manager in the Bahamas I spend the vast majority of my time refereeing and (trying to) keep a fair balance between some extraordinarily wealthy globe-trotting foreigners and some incredibly poor and downtrodden local construction workers (plus a fair share of legal Haitian immigrants). What has taken me some time to get my head around and put a voice to – is the glaring inequality of this lockdown.
Bahamas financing need ‘close to’ $1bn
A Standard & Poor’s (S&P) analyst yesterday said The Bahamas will need “close to $1bn” to finance this year’s fiscal deficit while predicting “a strong economic recovery” in 2021 and 2022.
BOB: $10m claims were ‘abandoned’ by default pursuers
Bank of The Bahamas has accused companies jointly owned by an ex-Cabinet minister’s family trust of “already abandoning” claims worth $10m in their bid to enforce a default judgment.
Ex-minister backs corporate tax call
A former finance minister yesterday joined calls for The Bahamas to consider implementing a low-rate corporate tax as a way to shed its long-standing “tax haven” label.
'Early fall' target to ease property deals
The Central Bank is targeting “early fall” for simplifying exchange control’s involvement with foreign residential real estate purchases as a means to eliminate unnecessary red tape.John Rolle, its governor, confirmed during a briefing on 2019 first
Encountering Jesus
In the post-resurrection stories, people meet Jesus in different circumstances but the response is always the same. There is surprise and joy, mixed with a little fear at first. They experience living proof that He is alive.
Drogba takes Chelsea into Champions League last 16
By ROB HARRIS AP Sports Writer LONDON (AP) -- With Chelsea's Champions League progress secured with a ruthless victory over Valencia, Andre Villas-Boas had the confidence -- after weeks of pent-up frustration -- to take on his critics. The manager declared
Drogba takes Chelsea into Champions League last 16
By ROB HARRIS AP Sports Writer LONDON (AP) -- With Chelsea's Champions League progress secured with a ruthless victory over Valencia, Andre Villas-Boas had the confidence -- after weeks of pent-up frustration -- to take on his critics. The manager declared
Drogba takes Chelsea into Champions League last 16
By ROB HARRIS AP Sports Writer LONDON (AP) -- With Chelsea's Champions League progress secured with a ruthless victory over Valencia, Andre Villas-Boas had the confidence -- after weeks of pent-up frustration -- to take on his critics. The manager declared
