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Davis Jr shines in Grand Bahama battle
THIS past holiday weekend, all eyes in the Bahamian golfing community were focused on the island of Grand Bahama where the Bahamas Golf Federation held its 2014 National Amateur Championship.
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Colina's 'new life' after segment's 75% profits reduction
Colina Insurance is set to launch a new individual life “product suite” during the 2013 first half, in a bid to “boost sales volumes” after the segment’s net income contribution dropped 75 per cent in 2012.
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J S Johnson in 170% claims rise through Dorian
J S Johnson yesterday revealed that a 170 percent spike in net claims incurred due to Hurricane Dorian has slashed its net income for the first nine months of 2019 by 26 percent. The BISX-listed broker and agent, also unveiling its third quarter fin
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Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
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Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
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Butterfield Bahamas returns to the black
By NEIL HARTNELL Tribune Business Editor Butterfield Bank (Bahamas) narrowly scraped into the black with a $2,000 net profit for its 2011 financial year, reversing the $3.962 million worth of red ink it incurred in the 12 months to December 31, 2010. Det
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Ayton and Suns squander 24-point lead in loss to Nets
DEANDRE Ayton and the Phoenix Suns nearly had a perfect ending to their six-game homestand, but squandered a 24-point second half lead in a loss to the New Jersey Nets on Tuesday night.
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Gov’t drove 59% of $523m reserve rise
The Government accounted for 59 percent of the 2022 first quarter’s $523m rise in The Bahamas’ foreign currency reserves, the Central Bank’s governor has revealed, although the banking sector subsequently took on the greater share.
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Colina in $2.3m loss as COVID-19 bites
A BISX-listed life and health insurer yesterday disclosed that ordinary shareholders suffered a $2.3m net loss for the 2020 first quarter as COVID-19’s economic impact started to bite. Colina Holdings Bahamas, the parent company for Colina Insurance
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J S Johnson net profit off 25% on big losses
J S Johnson yesterday said it had managed to maintain 2011 dividend levels in line with the previous year, despite suffering a 25.1 per cent net income drop as a result of net claims incurred by its Insurance Company of the Bahamas (ICB) underwriting affiliate more than doubling.
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CIBC enjoys ‘best result’ for 11 years
CIBC FirstCaribbean’s Bahamian unit enjoyed its “best performance for 11 years” after 2018 profits rose nearly 11 percent due to improved loan book performance and rising US rates.
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After day 2, Weech 36th overall at Optimist Championships
JOSHUA Weech set a personal goal of being a top 30 finisher at the 2019 Optimist North American Championships and the Bahamas’ team captain made a major advancement toward that goal on day two.
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BOB takes $6.3m hit over Gov't downgrade
Bank of The Bahamas' was forced by the Moody's 'junk' downgrade of the Government's sovereign creditworthiness to take a $6.3m provisioning hit, its managing director said yesterday.
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56 Bahamian millionaires target election wins
SOME of the Bahamas' wealthiest individuals, including 56 millionaires, are battling to become MPs in the General Election.
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CIBC profits drop 15% on inflation, provisions
A BISX-listed bank has blamed a combination of inflationary pressures and $22m year-over-year increase in loan loss provisions for a near-15 percent decline in its 2022 full-year profitability.
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Illegal netting threatens $1.5m bonefish investment
A Long Island bonefishing lodge owner says his $1.5 million investment and six jobs are being jeopardised by illegal netting, which threatens to “wipe out” the industry within the next five years.
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COVID lockdown's $1bn tourism blow
The Bahamas lost around $1bn in tourism earnings at the COVID-19 lockdown's peak as this nation became a "net payer" for travel-related services for likely the first time in its history.
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$1.23M PREFERENCE PAYOUT CAUSES BOB INVESTORS Q1 LOSS
By NEIL HARTNELL Tribune Business Editors Bank of the Bahamas International's ordinary shareholders suffered a minor $141,676 loss during the institution's fiscal 2012 first quarter, as timing issues related to $1.231 million in preference share dividend
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J. S. Johnson profits 'dampened' by 40%
HURRICANE activity slashed J. S. Johnson’s profits by 40.4 per cent net for the nine months to end-September 2017, with its underwriting affiliate suffering a $2.58 million ‘swing’.The BISX-listed insurance broker and agent told shareholders that its
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Bahamas in $40m foreign property buyer ‘outflows’
The Bahamas has suffered two consecutive years of $40 million-plus net real estate outflows due partly to the exit of foreign buyers, the Central Bank’s governor confirmed yesterday, with inward investment flows falling to $163.2 million in 2016.
