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Fidelity targets 10 per cent profit rise for 2018

FIDELITY Bank (Bahamas) is targeting 10 per cent net income growth for 2018 as consumer loan expansion continues to compensate for mortgage book contraction.Gowon Bowe, the BISX-listed commercial bank’s chief financial officer, told Tribune Business

Team Bahamas 2nd overall

IN the final of The North American IC Junior Challenge in Mexico City last week, the Bahamas played the United States of America.The USA proved to be the stronger team, booking their ticket to the Worldwide Finals in Tokyo, Japan, next October along

Team Bahamas off to favourable start

Team Bahamas got out to a favourable start at the Compass North American IC 16 and Under Junior Challenge.The mixed doubles team of Jacobi Bain and Sydney Clarke won the decisive match to take the win over Mexico (Red Team) at Club Raquetas Bosques,

YOUR SAY: How long before the gates go up on Cabbage Beach? Is it time to buy?

In 2005, a jaw-dropping California court ruling sent shock waves through a crowd of Hollywood A-listers.

Kemp named to AMCC All-Conference Soccer team

BAHAMIAN Cameron Kemp was one of seven Mount Aloysius men’s soccer players named to the AMCC All-Conference Soccer team yesterday.Kemp was joined by team-mates midfielder Jonathan Fernandez, striker Joshua Devlin and goalkeeper James Eyre on the Seco

Arawak port predicts near-$3m profit fall

ARAWAK Port Development Company (APD) was 11 per cent ahead of profit projections for its 2018 first quarter, despite forecasting a near-$3 million decline for the full-year.The BISX-listed Nassau Container Port (NCP) operator revealed in its annual

INSIGHT: It's a question many are asking - were we duped?

ON May 10, 2017, the Bahamian electorate voted for a much desired change. The political culture of our leaders looking after their friends, family and lovers disgusted the majority of Bahamians who voted for Prime Minister Dr. Hubert Minnis and the Free National Movement to form the current government. However, after six months it would seem as though most Bahamians are succumbing to a pervasive feeling of voter dissonance.

INSIGHT: Cable Bahamas - a text book case on how it should be done

The comprehensive Annual Report of Cable Bahamas, the country’s largest non-bank company, should be read not only by its shareholders but by anyone interested in how a multi-division enterprise can thrive in our restrictive economic environment. With its current fiscal year extended by six months to June 30, 2017, the report tells a story stretching over 18 months, the most crucial period since Cable’s founding over 20 years ago.

EDITORIAL: Talk about bad timing, Prime Minister

Prime Minister Dr Hubert A Minnis last week acted on what appeared to be a revelation – Members of Parliament, he said, are not earning enough. How can we expect them to govern giving their all, pouring through hundreds of pages of documents to prepare for every session of the House of Assembly, and serve their constituency on a salary of some $34,000?

GB Power chief: 'Ship has sailed' on local ownership

GB Power’s top executive yesterday said “the ship sailed on” significant Bahamian ownership in 2010, as he sought to reassure minority shareholders over the $35 million buy-out’s motives.Archibald Collins told Tribune Business that the $8.85 per shar

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

Cable unveils dividend restart within one year

CABLE Bahamas expects its growth strategy to start paying off for shareholders in less than a year’s time, although it is “not fully satisfied yet” with the returns generated.The BISX-listed communications provider told investors in its newly-release

Realtor partners with Florida airplane firm

A BAHAMIAN real estate firm is teaming up with a Florida-based seaplane outfit to allow clients to explore options throughout the Bahamas “in style”.Gavin Christie, C.A. Christie Real Estate’s managing partner, yesterday told Tribune Business the fir

Arawak Port: Tough to match 157% profit rise

THE Nassau Container Port’s chief executive yesterday said it “will take something quite significant to repeat” 2017’s 157 per cent profits rise, which received a $1.1 million Baha Mar boost.Michael Maura told Tribune Business that Baha Mar’s remobil

Fresh fruit for pupils thanks to food charity

HANDS For Hunger is a local non-profit known for its food rescue and delivery. The organisation collects fresh and canned food items from businesses and restaurants around New Providence and delivers that food to various distribution agencies which t

QC warns on 25% withhold tax over Grand Bahama Power buy-out

AN outspoken opponent of the GB Power Company buy-out yesterday alleged there was shareholder “uproar” over the revelation that Emera dividends will be subject to a 25 per cent ‘withholding’ tax.

WORLD VIEW: No winners in secession – in Europe or the Caribbean

SHOULD areas of countries break away and govern themselves as they see fit? That’s a question that has been debated in several parts of the world, and is in focus now between Catalonia and Spain; Scotland and the United Kingdom, and to a lesser extent Barbuda and Antigua.

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