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BOB targeting ‘real growth, not loan loss management’

Bank of The Bahamas yesterday said it was seeking to drive sustained profitability “from real growth as opposed to managing delinquency provisions” after enjoying a positive $14m bottom line swing.

Regulators unveil pricing structure for renewables

Regulators have confirmed a new net billing-based compensation mechanism for renewable energy providers providing power to Bahamas Power & Light’s (BPL) grid with rates based on the latter’s “non-hedged avoided fuel cost”.

Brewery chief: Pre-COVID revenues not back till 2023

Commonwealth Brewery’s managing director has warned shareholders not to expect the group’s revenues to fully recover from COVID-19 “before 2023” following a $38.2m drop-off last year.

Foreign reserves stay over $3bn despite May decline

The Bahamas’ foreign currency reserves closed May 2022 above $3bn despite a $65m drop-off during the month, with the Central Bank reiterating its belief that they remain “more than adequate” to sustain the US dollar peg.

Governor adjusts 2022 GDP growth to 6-8%

The Central Bank’s governor yesterday adjusted 2022 economic growth projections to 6-8 percent, with The Bahamas not expected to “fully erase” COVID’s impact before 2023 “at the earliest”.

$200 fine over Indian hemp find

A MAN was fined $200 in a Magistrate’s Court yesterday for possession of dangerous drugs.

Team Bahamas shines at Arkas Optimist World Championships

Team Bahamas delivered several milestone performances at the 2022 Arkas Optimist World Championships.

Double standard

The alcoholic beverages are flowing, the basketball court has been taken over by their volleyball net, the pavilion is full, and it is not available to our children and residents.

PETER YOUNG: With the world watching, will our leaders rise to the challenge?

ITALY and Scotland have been the focus of international diplomacy this past week. Rome hosted the two-day G20 meeting of the world’s wealthiest countries, and this was followed on Sunday by the official opening of the UN Climate Change Conference, COP26, in Glasgow, with most of the G20 leaders travelling there direct from their Rome meeting.

Evans CAC Female Swimmer of Year

Fresh off her stellar performance at the 15th edition of the FINA World Championships in Abu Dhabi this month, Grand Bahamian Joanna Evans got the news that she was selected as the Central American and Caribbean Female Swimmer of the Year.

Great Bahamas Shoot Out Pool Tournament in epic showdown

THE stage was set for an epic showdown yesterday as the Great Bahamas Shoot- Out Pool Tournament came to a close following four successful weeks of intense competition.

Over 35% of Gov’t local debt comes due in year

More than one-third of the Government’s domestic debt holdings, equivalent to around $2.3bn, is due to mature within the next year as it moves to eliminate “spikes” in principal redemption that place undue strain on its finances.

Domestic Gov’t bond just 25% subscribed

Concerns were raised last night over investor appetite for the Government’s debt after just 25 percent of a recent $47.326m bond issue was picked up by the market.

First Annual Potcake Golf Tournament ‘huge success’

PEDIGREES may have their Westminster Kennel Club show, but it was the Bahamian Potcake – that special breed of dog with the narrow head and a keen sense of how to cross the street on its own terms – that stole the show during the 1st Annual Potcake Golf Tournament.

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