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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.

Nassau/PI hotels ‘soon can’t take anyone else’

Nassau and Paradise Island hotels will “soon reach the point where we can’t take anyone else”, a senior tourism executive has warned, with room shortages driving “unheard of” March occupancies.

Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

Financial crimes rise 54% to five-year-high

Financial crimes reported to the Royal Bahamas Police Force (RBPF) surged by 54 percent to 830 incidents in 2023 and representing a five-year high.

NEXT STOP PARIS: Mixed relay team qualifies for Olympics

A new national record that was powered by a stunning second leg from 16-year-old rookie Shania Adderley helped to propel The Bahamas mixed 4 x 400 metre team to the 2024 Paris Olympics.

Fund manager to be ‘little more defensive’

A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.

AG: BPL needs 400MW in new generation plant

Bahamas Power & Light (BPL) needs more than 400 mega watts (MW) of new generation capacity to address a “dire” situation requiring between 60-80 percent of its existing plant to be replaced within five years.

PM: National Youth Guard graduates 'on the front lines of new climate era'

Prime Minister Philip Davis cautioned the second cohort of officers dedicated to national emergency response that they will be “on the front lines during this new climate era” during a graduation ceremony yesterday.

Gov’t boost from moody’s $44m deficit miss forecast

MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.

‘Most of BPL Plant obsolete in 5 years’

ATTORNEY General Ryan Pinder said 60 per cent of Bahamas Power & Light’s plant in New Providence and 80 per cent of its plants in Family Islands must be replaced in the next five years as engines reach the end of their useful life, a transformation that will cost almost $300m.

BPL ‘shambles’: We pay now or pay later

The Bahamas Power & Light (BPL) “shambles” will only get worse the longer critical reforms are delayed, an ex-Chamber chairman is warning, as he added: “We pay now or we pay later.”

PM: Women not equal? ‘y’all ruling us, man'

PRIME Minister Philip “Brave” Davis rejects the United States’ observation about how women are treated in The Bahamas.

Munroe suggested evidentiary hearings could expedite the legal process

NATIONAL Security Minister Wayne Munroe said an amendment to the Supreme Court Act can potentially facilitate evidentiary hearings to determine the admissibility of evidence before a trial.

Minister hails gift of two container farms

The Bahamas Agriculture and Marine Science Institute (BAMSI) yesterday received two container farms to be placed in North Andros and Eleuthera from Bahamas-based grower, Eden Farms.

East GB microgrids set to hire up to 50

Up to 50 workers will be hired for the proposed build-out of five solar microgrids designed to help “ease cost of living concerns” and entice former residents to return to Dorian-ravaged east Grand Bahama.

10 years of an undersea kingdom

THE Bahamas Reef Environment Educational Foundation (BREEF) is celebrating the tenth anniversary of the Sir Nicholas Nuttall Coral Reef Sculpture Garden and Coral Nursery (CRSG) - a testament to a decade of unwavering commitment to marine conservation and environmental stewardship.

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