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BoB rocked by new $24m loss 1 comment
Letters to the Editor
AFTER public health officials indicated that one of the four confirmed cases of the Zika virus is a patient who is a resident of the Fox Hill area, MP Fred Mitchell urged residents to take the necessary precautions to prevent mosquito bites.
SARKIS Izmirlian’s company BMD Holdings has criticised the appointment of China Construction America (CCA) executive Tiger Wu to a committee that will oversee payments to Baha Mar creditors.
TOURISM Minister Obie Wilchcombe confirmed yesterday that the government spent “much less” on this year’s Bahamas Junkanoo Carnival but declined to reveal whether the second instalment of the annual festival managed to ‘break even’.
DESPITE threatening to develop last week as it crossed the Atlantic and passed to the west of The Bahamas, a tropical depression was reported by the US National Hurricane Center (NHC) in Miami to have formed finally on Sunday evening south of the lower Florida Keys as it heads into the Gulf of Mexico and turns back towards the northeastern Gulf Coast of the United States.
ATTORNEYS for Save The Bays have appealed to the acting data protection commissioner to “immediately” investigate the formal complaints the group has made against the Progressive Liberal Party MPs who disclosed the group’s private emails in Parliament.
Reduced spending is “key” if the Government is to hit its 2018-2019 surplus target and succeed in its consolidation efforts, Moody’s has warned, as it expressed concern over the “rising risk” posed by public corporations.
Sarkis Izmirlian last night slammed the inclusion of a China Construction America (CCA) executive on the committee that will determine how much Baha Mar’s unsecured Bahamian creditors will receive, arguing that it was “not in their best interests”.
Bank of the Bahamas suffered another $24 million loss for its 2016 financial year, shareholders have been told, as the BISX-listed institution asks them for a further $40 million in equity capital.
The Government-owned corporations will have a collective $1.6 billion deficit in their employee pension plans by 2032 unless urgent reforms are enacted, a report obtained by Tribune Business reveals.