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Bahamians warned: All must pay for NHI
ALL Bahamas residents must “contribute” to the National Health Insurance (NHI) scheme’s financing to ensure its sustainability, its chairman warned yesterday.Dr Robin Roberts said the newly-appointed NHI Authority had effectively been given a ‘blank
GIANTS TOP THE CYBOTS 97-87
AFTER getting off to a great start in their season opener, the defending champions Mail Boat Cybots suffered a humbling defeat to their arch-rivals Commonwealth Bank Giants at the AF Adderley Gymnasium on Saturday night.
Pensioners left with 30% in City Markets HQ sale
* Claim trustees ‘not acting in our best interest’ * Trustees retain 27% of $3m sale to AML Foods * And lawyer paid almost one-third of proceeds
City Markets pensioners have been “kept in the dark” over the $3 million sale of the plan’s main asset, with just 30 per cent of the proceeds seemingly left for their benefit.
Bank manager bailed after appeal over account thefts
A FORMER manager at the Bank of the Bahamas sentenced to three and a half years in prison for stealing $21,000 from the savings accounts of several of the bank’s customers has been granted bail pending the appeal of his sentence.Acting Appellate Just
'Worst ever mistake' for inflated reserves
The $2bn foreign exchange reserves are less healthy than they appear because of the Minnis administration’s “worst ever mistake”, a former Central Bank governor argued yesterday. James Smith, also a former finance minister, told Tribune Business tha
Port suffers 40% May volume fall
Nassau’s main commercial shipping port yesterday predicted it will suffer a “flat” 2020 full year after container import volumes for May to-date dropped by around 40 percent compared to the prior year.Dion Bethell, Arawak Port Development Company’s (
Laying out the road map for economic resilience
In the latest of his series, Hubert Edwards says growth must be The Bahamas' focus amid the COVID-19 quagmire If the problems faced by The Bahamas are to be solved in a sustainable way, it is critical there should be a proper problem definition.
Cable 'coming right' with 69% loss drop
Cable Bahamas top executive yesterday said the 69 percent reduction in fourth quarter losses showed its performance was "coming right" regardless of the $332.5m Summit Broadband sale.
Cable 'coming right' with 69% loss drop
Cable Bahamas top executive yesterday said the 69 percent reduction in fourth quarter losses showed its performance was “coming right” regardless of the $332.5m Summit Broadband sale.Franklyn Butler, the BISX-listed communications provider’s chief ex
Doctors ‘completely confident’: COViD test staff grow by 100
Doctors Hospital is “completely and absolutely confident” it can meet new US COVID testing protocols and higher Christmas/New Year travel demand after a 100-strong staffing expansion.
ZNS anchor stripped of $27,500 Scotia award
A ZNS TV anchor has been stripped of the $27,500 damages she won from Scotiabank (Bahamas) after the Court of Appeal found there was “no basis in law” to hold it responsible for her loss.
RoyalStar targeting Caribbean acquisition
RoyalStar Assurance and its Trinidadian partner are targeting a Caribbean acquisition that is expected to close before year-end 2019 as part of a regional expansion strategy.
BUSINESS BITES: Taylor Industries R.I.P. Aged 74
I guess I bought my first light-bulb over 30 years ago in the friendly store facing Shirley Street’s busy traffic flow. Convenient, with easy parking and never crowded, it continued to meet my occasional electrical needs, a local retail icon I never thought about— and which never changed.
Cable tells shareholders: ‘It’s only matter of time’
Cable Bahamas top executive yesterday reassured investors it was “only a matter of time” before double-digit revenue and operating income growth eliminated balance sheet imbalances.
TOUGH CALL: What the Chinese fishing proposal means for The Bahamas
A firestorm erupted last week over leaked reports that the Christie administration was in talks to hand over farming and fishing rights to the Chinese.
Moody’s: Deficit could hit $636m
The Bahamas’ 2016-2017 fiscal deficit could rise as high as $636 million or 7 per cent of GDP, Moody’s has warned, due to the Christie administration’s pre-election spending binge.
Cable endures 'painful' 50% energy increase
Cable Bahamas has been forced to endure a “painful” 50 per cent year-over-year increase in electricity costs, a senior executive yesterday saying 2012 revenue and profit growth had been driven largely by its broadband Internet and new products.
RoyalStar: ‘Significant’ $4m profit despite Sandy
A leading Bahamian insurer yesterday said it generated a “significant profit” of around $4 million for 2012 despite Hurricane Sandy, adding that its conservative “philosophy” had been vindicated by an ‘outlook upgrade’ from the sector’s top rating agency.
AML: Semi-annual dividend ‘next step in our progression’
AML Foods yesterday said it was aiming to further reduce a key expenses line to the “mid-27 per cent range”, while disclosing to Tribune Business that it was increasing dividend payments to a regular semi-annual frequency.
Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
