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GB revival to ‘relieve major job pressure’

Reviving Grand Bahama’s economy will “relieve tremendous pressure” on the rest of The Bahamas, the deputy prime minister said yesterday, following the unemployment rate’s rise to 10.7 percent.

Insurer ‘re-lends’ $15m to offshore bank affiliate

BISX-listed Colina Holdings has taken a $15 million credit facility from FirstCaribbean International Bank (Bahamas) and re-lent it - on the same terms and conditions - to its offshore bank affiliate.

Gov't pays down $6.3m on Water Corp receivables

THE Government spent $6.3 million of taxpayer monies last month to pay down the $8.2 million bill the Water & Sewerage Corporation had run-up with BISX-listed Consolidated Water, it was revealed last night, with the latter's Blue Hills plant driving a 41 per cent increase in its 2012 bulk water revenues

FNM deputy leader demands explanation for new NIB audit

LORETTA Butler-Turner, FNM Deputy leader has demanded a full explanation of the grounds on which the government has approved another forensic audit of the National Insurance Board.

Unemployment up to 10.1 per cent

THE country’s unemployment rate now stands at 10.1 per cent, Department of Statistics Labour Force Survey officials announced Friday.

Kai Jones recalled to Hornets

Kai Jones completed a dominant rookie season in the NBA G-League with the Greensboro Swarm and was recalled to the Charlotte Hornets following the season finale.

‘Buddy’ joins Kings in bubble

Chavano “Buddy” Hield cleared the initial COVID-19 protocol and joined the remainder of the Sacramento Kings in Orlando, Florida, for the NBA 2020 season restart.

UB Mingoes men in 1-1 draw with Bears FC in fierce match

THE University of The Bahamas men’s soccer team put its three-match winning streak on the line against Bears FC in Bahamas Football Association play at the Roscow A.L. Davies Field.

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION

By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop

Gov’t urged: ‘Think through implications’ of compliance plans

The Chamber’s chairman yesterday questioned whether the Government had “thought through the practical implications” of how its enhanced tax compliance measures would work.

20% poverty gap reduction target

A comprehensive overhaul of the Bahamian social security system could cut poverty rates by 5 per cent, and slash the poverty gap by 20 per cent, an Inter-American Development Bank (IDB) report has forecast.

Federer, Nadal and Williams sisters advance

By ANDREW DAMPF AP Sports Writer ROME (AP) -- Fresh off a title in Madrid and back at No. 2 in the rankings, Roger Federer defeated Carlos Berlocq 6-3, 6-4 in his opening match at the Italian Open yesterday. Seeking to win one of only three Masters 1000 e

The millionaires club

TOURISM Minister Dionisio D’Aguilar tops the list of millionaire candidates who are vying for re-election with a total net worth of $37,951,803, according to financial disclosures submitted to the Parliamentary Registration Department.

‘Buddy’ Hield scores nine, Knicks rout Kings 140-121

NEW YORK (AP) — Immanuel Quickley scored 18 of his 25 points in the first half, and Julius Randle had 21 points and 14 rebounds to power the New York Knicks to a 140-121 win over the Sacramento Kings last night.

Symonette top of rich list with $156m declaration

FORMER Deputy Prime Minister Brent Symonette leads the pack of a long list of millionaires and wealthy candidates who are vying for seats in the House of Assembly with a total net worth of $156m, according to financial disclosures submitted to the Parliamentary Registration Department.

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