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Public sector debt drops $93m during first quarter
Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.
REBELS RUN AWAY WITH BATTLE 4 ATLANTIS TITLE: Coach Yo - first Bahamian coach to win the crown - and Ole Miss make history
The University of Mississippi Ole Miss Rebels pulled off a decisive 60-49 win over the University of Michigan Wolverines in the championship round of the third Bad Boy Mowers Battle 4 Atlantis women’s tournament yesterday at the Imperial Arena, Paradise Island.
‘Non-controllable’ cost surge blocks bank matching 2022
Commonwealth Bank believes it would have come close to matching 2022’s “extraordinary” nine-month profitability had it not been for $3m in new Business Licence fees and utility costs “more than doubling”.
OLE MISS REBELS ADVANCE TO FINALS: Pull off nine-point comeback victory against Wildcats at Battle 4 Atlantis
The University of Mississippi Ole Miss Rebels are headed to their first Battle 4 Atlantis finals after completing a 9-point comeback victory against the University of Arizona Wildcats at the Imperial Arena, Paradise Island, in the Bad Boy Mowers Battle 4 Atlantis women’s semifinals yesterday.
Fidelity ‘not revising’ $16m profits target
Fidelity Bank (Bahamas) yesterday said it is “not revising” its $16m profit target for the 2023 full-year despite its bottom line for the first nine months slumping by 31.5 percent year-over-year.
DOUBTS OVER SMITH’S ‘ABSURD’ ASSET CLAIM: Sands asks how can former passport chief not have bank account
DR DUANE Sands ripped into Kingsley Smith’s financial declarations for the West Grand Bahama and Bimini by-election, insisting the PLP’s candidate has “absurdly” implied that he does not have a bank account.
Eva Hilton, Sybil Strachan run away with U-12 soccer titles
THE under-12 (U12) girls of Eva Hilton Primary School and boys of Sybil Strachan Primary School can now celebrate after winning the division trophies at the newly-named Dawn N Knowles Primary Schools Soccer Tournament hosted at the Roscow AL Davies Soccer Field yesterday.
Doctors Hospital: Blake Road revenues surge on gov’t deal
Doctors Hospital has revealed that in-patient revenues at its Blake Road facility near-quadrupled during its 2024 first quarter due to the deal to treat public healthcare patients there.
Delay dividends to give bigger payout, BOB told
Bank of The Bahamas should have waited to pay a more substantial dividend than its recent one cent per share declaration after a 49.6 percent jump in profits, an investor argued yesterday.
BTC cell tower sale to help finance 5G
The Government wants “part of the proceeds” from the sale and leaseback of all the Bahamas Telecommunications Company’s (BTC) 345 cell tower sites to be reinvested in improving services and 5G technology.
ArawakX ‘good undeniable’ yet KC confident on full winding-up
ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.
Unions: BTC owner ‘exporting all value’
The Bahamas Telecommunications Company’s (BTC) two trade unions yesterday voiced fears the carrier will become “a shell company” as they accused its majority owners of “exporting” all its value.
Chief Justice is ‘satisfied’ ArawakX $2.4m insolvent
The Chief Justice yesterday ruled “there is more than sufficient evidence” of ArawakX’s $2.4m insolvency to justify appointing a provisional liquidator to take control of its affairs and protect assets.
Mingoes hold on for BFA season-opening win
THE University of The Bahamas men’s soccer team had to fight to pull off a win to open the team’s season in the Bahamas Football Association.
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.
Early 2024 start to protect Junkanoo Beach’s $8.2m
Nassau harbour’s breakwaters will suffer “total failure” if not repaired, it was revealed yesterday, with additional shoreline protection works required to protect Junkanoo Beach’s $8.2m impact and 150 jobs.
Marina operator says: ‘We’re not better deal’
Marina operators are still voicing concern about The Bahamas’ prospects for the upcoming winter boating season, with one telling Tribune Business: “We’re not a better deal.”
‘Economy’s turned’: Port targets $10m-plus profit
Nassau’s main commercial shipping port is targeting a 7 percent year-over-year increase to break the $10m profit barrier in 2024, its top executive asserting yesterday: “The economy has turned.”
GSSSA volleyball season wraps up today
WITH the Government Secondary Schools Sports Association (GSSSA) volleyball regular season coming to a close, senior teams have turned up the intensity on the courts.
Arawak port beats profit target by 18%
Nassau’s main commercial shipping port yesterday revealed it beat its full-year profits target for 2023 by some 17.7 percent or more than $1.4m compared to original forecasts.
