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‘Global disruption’ to impact local insurers

Bahamas First’s top executive has warned that local insurers are likely to face increasing competition from consumers acquiring coverage online, as the underwriter’s gross and net premiums declined 3 per cent in 2016.

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Man United rallies to tie Chelsea

LONDON (AP) -- Javier Hernandez completed Manchester United's comeback from a 3-0 deficit at Chelsea on Sunday with a late header that salvaged a 3-3 draw and leaves the defending champions two points off the Premier League lead. After storming to a 3-0 le

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Bank braces for $2.4m tax impact

Bank of the Bahamas is bracing for a $2.4 million fourth quarter hit from the 3 per cent ‘bank tax’ unveiled in the 2013-2014 Budget, its managing director yesterday expressing “cautious optimism” it would return to profitability in its 2015 financial year.

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Bahamas to present at top wealth management summit

The Bahamas will participate in this year’s leading Latin American wealth management summit.

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Getting online catches business in your net

Some years ago, companies were facing the all-important question of whether or not to take their business online or not.

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Chelsea wins first leg 1-0

By STEVE DOUGLAS AP Sports Writer LONDON (AP) -- Didier Drogba swept the ball into the net late in the first half, and Chelsea managed to hang on. With an inspired performance, the Blues beat Barcelona 1-0 Wednesday night in the first leg of their Champio

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Cable ‘turning corner on plan’ despite $31m loss

Cable Bahamas’ top executive yesterday said Aliv and its Florida investments will “turn the corner on plan” within the next 12-18 months despite a near-$31 million half-year loss.

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Broker submits eight defences to S.E.C. claims

A former Bahamian broker/dealer and its principal have submitted eight defenses to allegations by US regulators that they participated in an “illegal unregistered offering and sale” of securities that netted $11.4 million for clients.

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Doctors targeting 23% capital investment rise

Doctors Hospital is planning to invest $4.2 million in capital improvements to its business during its 2014 financial year, the previous year’s bottom line having been impacted by a $1.135 million ‘start-up’ loss.

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Cable chief ‘bullish’ despite $17m losses

Cable Bahamas’ top executive yesterday said the company remains “very bullish” on its growth and future earnings prospects, despite suffering a near-$17 million net loss for the 2017 first quarter.

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November date for Speed Week return

THE dates for Bahamas Speed Week Revival 2012 the country’s biggest annual motor sport event, have been announced.

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CFL: Karl McCartney continues to excel with the Stampeders

ALREADY with an established reputation as a special teams ace, Karl McCartney continues to excel in his fourth season with the Calgary Stampeders of the Canadian Football League.

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Insurer exceeds goal 13% despite motor 'squeeze'

A Bahamian insurer yesterday said it beat 2013 profit targets by 13 per cent, but warned that an all-sides “squeeze” was now threatening an historic net income generator that accounts for almost one-third of its top-line.

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Pre-paid Visa cards for social services 'revolutionary'

THE introduction of pre-paid Visa cards for persons eligible for Social Service benefits was described as “revolutionary” by Social Services Minister Melanie Griffin.

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Shamar work in progress for Ridley College Tigers

SHAMAR Burrows may be a work in progress for the Ridley College Tigers, but he showed Tuesday night he has plenty to work with.

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Bahamas eliminated

The men’s national volleyball team gave it a gallant effort at the Juan “Pachín” Vicens Auditorium, but a third place finish over the weekend eliminated the Bahamas from the NORCECA Men’s World Championship Qualification Tournament.

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Investors unanimously re-elect Bank's Board

Commonwealth Bank’s shareholders have voted unanimously to return all 10 directors to the Board at its Annual General Meeting.

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WILLIAMS RALLIES 76ERS TO 95-90 WIN OVER LAKERS

By DAN GELSTON AP Sports Writer PHILADELPHIA (AP) -- Lou Williams nailed the go-ahead 3-pointer, scored 14 of his 24 points in the fourth quarter, and spoiled Kobe Bryant's record-setting night while leading the Philadelphia 76ers to 95-90 win over the Lo

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WILLIAMS RALLIES 76ERS TO 95-90 WIN OVER LAKERS

By DAN GELSTON AP Sports Writer PHILADELPHIA (AP) -- Lou Williams nailed the go-ahead 3-pointer, scored 14 of his 24 points in the fourth quarter, and spoiled Kobe Bryant's record-setting night while leading the Philadelphia 76ers to 95-90 win over the Lo