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Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
Mingoes clinch 87-84 win over Shockers
FOUR University of the Bahamas basketball players hit double figures as the Mingoes came back hard in the second half to defeat the JD’s Seafood Shockers 87-84 at the AF Adderley Gym on Wednesday night and now lead the division one standings in the New Providence Basketball Association.
'It's all about getting the job done'
AS THE sixth Bahamian to play in the Major League, Antoan Richardson has had an impact on the local sporting community. He joined the elite field that includes Ed Armbrister, Wilfred ‘Suggy’ Culmer, Tony Curry, Wenty Ford and Andre Rodgers.
Cable: URCA regulations ‘impede’ mobile roll-out
Cable Bahamas has warned that the Utilities Regulation and Competition Authority’s (URCA) own infrastructure sharing regulations will prevent the winning mobile bidder from meeting the Government’s “ambitious” network roll-out targets.
Lashann scores 31, earns MVP award, Jonquel on court
LASHANN Higgs earned another weekly MVP award for Pajariel Bembibre in Spain’s Liga Femenina Endesa while Jonquel Jones and UMMC Ekaterinburg returned to Russian Premier League play.
BEC Chairman joins SOS relief flight to hurricane-hit islands
LESLIE Miller, the chairman of BEC, got a first hand look at the destruction on some of the worst affected southern Family Islands which suffered a devastating direct hit from Hurricane Joaquin last weekend after he joined a relief flight on Saturday organised by the Tribune Media Group SOS - Save Our South initiative.
‘We must reform campaign finance’
FORMER State Minister for Legal Affairs Damian Gomez said allegations about the relationship between Canadian fashion mogul Peter Nygard and the Progressive Liberal Party are “not a good thing for the country,” adding that he hopes it spurs legislative reforms like the passing of campaign finance laws.
2,000 jobs go at Baha Mar
MORE than 2,000 Baha Mar employees have been made redundant effective today, according to a statement from the resort’s joint provisional liquidators.
Sarkis’s letter shows breakthrough on Baha Mar ‘not imminent’
Sarkis Izmirlian’s letter to his former 2,026 Baha Mar staff shows there is no “imminent” breakthrough likely in the impasse over the $3.5 billion project, a senior private sector executive believes.
QC slams selection of Bimini as ‘model PPP’
An outspoken QC has slammed the selection of Bimini as a model tourism public-private partnership (PPP), arguing that the Resorts World project was “completely divorced from a harmonious relationship” with local Bahamians.
Baha Mar appoints ‘restructuring’ chief
Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.
Baha Mar ‘not too far gone’ for arbitration
The $3.5 billion Baha Mar dispute is “not so far gone” that professional arbitration will be unable to resolve it, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday arguing that such intervention was becoming more urgent by the day.
Court must back dismissal of top Baha Mar staff
Baha Mar’s senior management cannot be dismissed by the $3.5 billion project’s joint provisional liquidators without the Supreme Court’s permission, although regular employees can be released “in the ordinary course of business”.
National Insurance benefits
EDITOR, The Tribune.
38 set to be honoured as National Sports Legends
THE nation’s newest NBA star Buddy Hield, former Deputy Prime Minister Dr Cynthia “Mother” Pratt, Women’s NBA standout Jonquel Jones, and veterans like Leonard Boston Blackie Miller, Peter Gilcud, swim coach Andy Knowles and sports administrators like Sir Arlington Butler as well as the late Vince Ferguson are joined by the country’s only test cricketer Ivan Johnson in the 38 Sports Legends list as part of the country’s 43rd Independence Anniversary celebrations.
Rollins ‘would consider’ running if FNM offered him nomination
AFTER saying he would not offer himself for re-election on the Free National Movement’s ticket, Dr Andre Rollins suggested yesterday that he would consider and potentially accept a constituency nomination if offered one by the FNM’s recently re-elected Leader Dr Hubert Minnis.
$315m lost in Baha Mar tax
IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.
All truss-ed out on Budget’s tax cuts
A Bahamian contractor yesterday warned that the Government’s decision to eliminate 20 percent duty on imported roof trusses will “put us out of business” in a segment that has kept his overall operation afloat.
DIANE PHILLIPS: Honestly, I’m all in a pickle
It’s possible that I slept through the last decade but highly unlikely so how else do I account for the fact that until Friday I never heard of the world’s fastest growing sport? Wonder if you have.
Safeguards against 'sinister' liquidations
CHANGES to Bahamian insolvency law will prevent directors/shareholders from putting companies into voluntary liquidation for "sinister reasons", a leading accountant yesterday arguing that the amendments bring this nation "into line with model international law".
