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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.
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Reverse aging pioneer to address Old Fort Bay club
Reverse aging pioneer, lecturer and author Bill Faloon is slated to speak at the Old Fort Bay Club on Wednesday.
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One-month tax certificate to halt ‘bush crack, man gone’
Bahamian tax authorities yesterday asserted they have “learned from our mistakes” as it emerged companies with outstanding bills are only being issued with tax compliance certificates valid for one month.
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Doctors Hospital targets $10m acquisition boost
Doctors Hospital yesterday predicted annual revenues will increase by $10m through its acquisition of The Kidney Centre in a deal that will make its workforce more than 1,000-strong.
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Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
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Comets, Hurricanes repeat as junior soccer champions
The junior portion of the Bahamas Association of Independent Secondary Schools Sports (BAISS) Soccer Championships is officially in the books.
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DPM: Bahamians will gain Royal Caribbean PI shares
The deputy prime minister yesterday clarified that, while details are still being worked out, the Government plans to offer equity ownership in Royal Caribbean’s Paradise Island project to Bahamian investors.
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Govt and RCI sign HOA for $165m Beach Club
THE Davis administration and Royal Caribbean International (RCI) signed a Heads of Agreement yesterday to develop RCI’s $165m Royal Beach Club Paradise Island.
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PM says divorce is a solution for marital rape
GIVING no firm indication that his administration will criminalise marital rape, Prime Minister Philip “Brave” Davis suggested yesterday that divorce is the solution for women who believe their spouse has raped them.
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Pintard: Retired nurses should be brought back to alleviate shortage
OPPOSITION Leader Michael Pintard said the nursing profession is experiencing a severe shortage in the country, and said retired nurses should be brought back into the system.
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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.
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Mingoes pick Baha Jrs apart with 10-0 win
THE University of The Bahamas men’s soccer team seemingly could not be stopped against BahaJrs in Bahamas Football Association action recently at the Roscoe A.L. Davies Field.
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GB medical school’s $25m expansion to give 200 jobs
A Grand Bahama medical school says its imminent $25m expansion will create 200 construction jobs as it dismissed a legal battle with its co-founder as “a distraction”.
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CARIFTA TV payment cut in half on contract breach
An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.
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$7m overspend on sports events
BAHAMIAN taxpayers incurred an extra $7m bill to cover cost overruns for two much-hyped sporting events that were hosted last summer, the Government’s financial watchdog has revealed.
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Man pleads guilty to causing harm to woman fined $500
IN court a man was ordered to compensate a woman after he admitted to attacking her last week.
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Opposition in Spanish Wells to shanty demolitions
SOME Spanish Wells commoners oppose the impending demolition of illegal shanty town structures either entirely or in part, arguing that the needs of people who were allegedly given permission to build on commonage land should be respected even if their structures are not legally built.
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PETER YOUNG: NATO fulfils its purpose
Celebrations of the 75th anniversary of NATO (North Atlantic Treaty Organisation) were in full swing last week as all concerned paid tribute to the success of this remarkable intergovernmental military alliance since its founding in 1949. In the words of its Secretary-General, Jens Stoltenberg, “NATO is bigger, stronger and more united than ever” and has broadly ensured peace, democracy and prosperity for its members.
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What can country do to take advantage of kart racing?
FEW of us can name six senators serving now or remember who our Member of Parliament was ten years ago, but mention Lewis Hamilton and eyes light up. Recognition is instant. “The greatest race car driver of all time … A hero on the track and off …”
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FNM claims govt broke law on finance
THE Opposition’s finance spokesman yesterday challenged whether the Government may have violated public finance laws by drawing on $133m from its “sinking funds” to pay debts coming due.
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