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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.

Munroe: No agenda against prison chief

NATIONAL Security Minister Wayne Munroe denied pursuing a personal agenda when he sent former prison commissioner Charles Murphy on administrative leave shortly after the 2021 general election.

Bahamas First 'changes' after 63% profits decline

Bahamas First's executive chairman has pledged to make "strategic changes" after the insurer's 2023 full-year profit slumped by 63.1 percent due primarily to "ongoing issues" with its Cayman health business.

'Poorest pay the most for electric’

ENERGY and Transport Minister JoBeth Coleby-Davis suggested that Bahamas Power and Light’s tariff rates could be made more equitable, saying the “least able to pay” are currently “paying more than large businesses.”

‘School violence decreasing’

EDUCATION Minister Glenys Hanna Martin said reports of school violence are decreasing.

PM: We are ushering in a new era of power generation

PRIME Minister Philip “Brave” Davis said his administration is ushering in a “new era of power generation” with its planned “comprehensive” reforms for Bahamas Power and Light (BPL).

Bowleg welcomes World Athletics' president, athletes

MINISTER of Youth, Sports and Culture Mario Bowleg welcomed World Athletics' president Lord Sebastian Coe and the athletes from around the world back to the Bahamas for the BTC World Relays 2024 Bahamas.

Mitchell hits back at Minnis over deploying RBDF to Haiti

FOREIGN Affairs Minister Fred Mitchell accused former Prime Minister Dr Hubert Minnis of “scaremongering” after the Killarney MP again criticised the government over the potential deployment of defence force officers to Haiti.

GBPA braces for govt to launch arbitration

THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.

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