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Accused ‘offered to pay back’ money from COB
SUPREME Court jurors heard yesterday how former College of The Bahamas employee Chimeka Gibbs told officials, when confronted about allegations of theft, that she was willing to return some of the money she is accused of stealing from the institution.
Latin American slip 'no cause for alarm'
The 2012 decline in Latin America’s high net worth statistics is “no cause for alarm” in the Bahamian financial services industry, with overall global growth presenting “more opportunities” for this nation.
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
FINCO in profit boost as bad loans hit $100m
FINCO in profit boost as bad loans hit $100m By NEIL HARTNELL Tribune Business Editor The $5.4 million boost from changes to its loan loss provisioning calculation enabled Finance Corporation of the Bahamas (FINCO) to enjoy a 3.18 per cent net income in
Doctors in $7.747m COVID testing boost
Doctors Hospital enjoyed a $7.747m revenue boost as a result of administering more than 100,000 COVID-19 tests during the ten months to end-January 2021, it has been revealed.
BOB profits near $2m for half-year
BANK of the Bahamas (BOB) yesterday provided further evidence that its $167.7 million bail-out may provide the foundation for a sustainable future, as half-year profits neared $2 million.The troubled BISX-listed bank enjoyed two consecutive profitabl
Gov't pays '3x' value of BOB's toxic loans
Bank of the Bahamas’ (BOB) latest bail-out has cost Bahamian taxpayers more than three times’ the net value of toxic loans purchased from the stricken BISX-listed bank. The full-year 2017 accounts, released yesterday, reveal that the Government paid
Insurer closes on $25m net equity 'landmark'
A Bahamian general insurer is expecting to hit the $25 million net equity “landmark” by mid-2013, after last year’s net income performance beat budget targets by 30 per cent.
Source: Gordon agrees to max deal with Suns
PHOENIX (AP) -- Restricted free agent guard Eric Gordon has agreed to a four-year deal with the Phoenix Suns worth about $58 million, a person familiar with the talks told The Associated Press. The New Orleans Hornets have the right to match the deal and k
Gov’ts Central Bank debt soars 85% on IMF SDRs
The Government’s controversial borrowing of IMF special drawing rights (SDRs) reversed five years of decline by causing its net debt to the Central Bank to soar by 85.4 percent to $805.6m.
10% increase for social safety net
THE government will next month increase the rates of the Social Safety Net Benefits Assistance Programme by ten percent across the board, according to Social Services and Urban Development Minister Obie Wilchcombe.
Political elite is a millionaires' club
BISHOP Simeon Hall hit out at the country's entire political class yesterday following the disclosure of candidates' assets.
Colina Holdings profits 'moderated' at $5.6ms
Colina Holdings profits 'moderated' at $5.6ms BISX-listed Colina Holdings (Bahamas) last night said it achieved "moderated" net income of $5.6 million for its 2011 financial year, as its performance was impacted by the slow economy and cut in the Bahamia
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.
$7.5M borrowing for social safety net approved
A RESOLUTION to borrow $7.5 million for the government’s Social Safety Net Programme was passed in the House of Assembly yesterday.
Chelsea-Barcelona, Madrid-Bayern to face off in Champs League semifinals
By ROB HARRIS AP Sports Writer LONDON (AP) -- Cristiano Ronaldo's double ensured Real Madrid easily ended APOEL Nicosia's extraordinary Champions League run yesterday and set up a semifinal with Bayern Munich, while Chelsea will next face holder Barcelona
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
Saved by the net
By Mike Lightbourn You're ready to list, but are you ready to sell? Let's say that on the first day your home is for sale, your agent shows it to prospective buyers. They love it, and make an offer on the spot. You were asking $345,000, and they offer $3
Saved by the net
By Mike Lightbourn You're ready to list, but are you ready to sell? Let's say that on the first day your home is for sale, your agent shows it to prospective buyers. They love it, and make an offer on the spot. You were asking $345,000, and they offer $3
BOB profits decline $1m on 141% credit loss rise
A 141 percent increase in loan loss provisions due to Hurricane Dorian and new accounting treatments have been blamed for cutting Bank of The Bahamas’ first-half profits by more than $1m. The BISX-listed institution, unveiling its results for the si
