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AML Foods shrugs off pandemic with $7m profits swing

AML Foods has received a further $2m boost from Hurricane Dorian insurance recoveries as it posted a more than $1.6m bottom line reversal into the black for its just-ended 2021 second quarter.

Cable pledges 'remedy' over Aliv $60m bond

Cable Bahamas' top executive yesterday said itself and the Government will "remedy any challenges" caused by non-compliance with covenants related to $60m in bonds issued on Aliv's behalf.

BOB: ‘Break even excellent’ for 2021

Bank of The Bahamas’ top executive says it will “be excellent” if its closes its 2021 financial year in a “break even” position after incurring $20m in loan loss provisions over the past two years.

Insurer: ‘No full blown rate increases’ in 2021

Bahamas First’s top executive yesterday said the general insurer has no plans for “a large, full blown rate increase across the board” in 2021 after more than a year of post-Dorian hikes.

CIBC suffers major loss amid $94m dividend wait

CIBC FirstCaribbean International Bank (Bahamas) plunged to a $63.543m net loss for the year to end-October 2020 as it awaits permission to pay almost $94m in total dividends to shareholders.

Cavalier collapse took down affiliate

Cavalier Construction’s insolvency took down its equipment supplier affiliate even though the latter had generated a net profit in each of the previous four years, its liquidators have revealed.

Fidelity ‘well on way’ to beat $15m profit target

A BISX-listed bank’s top executive says it is “well on its way” to exceeding its $15m full-year profit target for 2021 if first quarter “trends hold” over the remaining seven-and-a-half months.

Steps towards a greener future

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STILL unknown to most, Carbon Allowances will soon start catching headlines, gaining importance as an increasing number of countries adopt zero net carbon targets, leaving polluting businesses’ under pressure to either drastically reduce emissions or offset them through such credits, in order to avoid heavy fines or outright closing-down by authorities.

National debt breaks $10bn

The Government last night confirmed that The Bahamas’ national debt had breached the $10bn mark due to the borrowing blow-out inflicted by the combination of COVID-19 and Hurricane Dorian.

‘Pass bill so candidates can be properly scrutinised’

A governance reformer has said the Integrity Commission Bill should be passed to allow for an independent body to be able to scrutinise and vet the disclosures of election candidates.

‘Pass bill so candidates can be properly scrutinised’

A governance reformer has said the Integrity Commission Bill should be passed to allow for an independent body to be able to scrutinise and vet the disclosures of election candidates.

Dennis Dames declares war

As a Free National Movement (FNM) supporter since the 1970s, I am ready to cast my net on the other side. The party has been transformed in to a sweetheart political organisation – where the leaders appear to be following in the footsteps of their whore-mongering predecessors.

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