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Bank wipes out $30m loss in three months
A BISX-listed bank says its best first quarter for a decade has more than wiped out the near-$30m full-year loss it suffered for 2021, which was sparked by a 41.4 percent jump in bad loan impairments driven by COVID-19 fall-out.
Retailers in pick-up for Mother’s Day
Florists and gift shops yesterday said they have been receiving “plenty of orders” with Mother’s Day fast approaching, adding that business volumes were holding up well compared to pre-COVID figures.
Water & Sewerage supplier eyes expansion despite $18.5m debt
The Water & Sewerage Corporation’s main supplier is eyeing potential expansion possibilities on New Providence notwithstanding the $18.5m debt that the state-owned utility continues to owe it.
Thief released after time served in custody
A MAN was released from a custodial sentence yesterday, with a magistrate taking into account his time already served, for stealing.
Police warning on fraud trends
THE Royal Bahamas Police Force has advised the public to be alert to fraud trends that are taking place in the country - one of which uses web shops to funnel money, while another lures victims under the guise of companionship and love.
Flowers ordered to pay ex-FML executive $120k
Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.
Walker’s home run, 3 RBIs lead D-Backs past ‘Jazz’ and Marlins 5-4
MIAMI (AP) — Christian Walker had a home run, double and three RBIs, and Arizona Diamondbacks held on to beat the Miami Marlins 5-4 last night.
Thank you for rescuing me
I am writing this letter in the hopes that it may be read by the wonderful, caring couple who came to my aid last Saturday night.
‘We buried hatchet’ over retail closure
Super Value’s principal has revealed he and his family “bit the bullet” in closing their loss-making Harbour Bay housewares retailer, adding: “We were fighting a losing battle so we buried the hatchet.”
IAN FERGUSON: The advantages to buying Bahamian
The Bahamas presently imports more than $5.5bn in goods and services annually. Over 94 percent of our food is imported from the US and our other trading partners. For many years we have lamented these statistics, but have not made significant strides towards changing this reality.
Top aviation body: Delay Customs regime to 2023
The world’s largest aviation association is urging The Bahamas to delay implementing a new border entry and exit regime for private pilots until early 2023 amid fears the process will be “very tedious, cumbersome and unintuitive”.
Don’t allow COVID apathy to ‘strangle economic rebound’
A top hotelier yesterday warned The Bahamas “must not allow apathy” to undermine the COVID fight, while admitting the surge in cases will make the Government “more tentative” over the further restriction easing sought by tourism.
Man denies series of Paradise Island thefts
A MAN was charged in Magistrate’s Court yesterday in connection with a series of thefts on Paradise Island that included over $5,000 worth of smart TVs and almost $200 worth of alcohol.
Sentencing on guns must be addressed
It is almost laughable to read the daily editorials, columnists and social commentators agonising about the need to address the root causes of crime in our country, when we are apparently incapable of treating even the surface symptoms – like the widespread availability of guns.
‘Just break the dang gas pedal’
DEANDRE AYTON AND TOP-SEEDED PHOENIX SUNS PLAYING LIKE THE FAVOURITES IN NBA PLAYOFFS
BAHAMIAN and National Basketball Association rising star Deandre Ayton liked the way his Phoenix Suns got started in game one of their Western Conference semifinal series on Monday night.
Team Black Marlins Swim Club making big splash with support of CWCO
MAKING a big splash in the pool is a new local swim club with just 14 months under its belt, and already gold medal sanctioned.
Digital assets ‘shot in the arm’ sparks accountants to reunite
The Bahamas’ entry into the digital assets space sparked two well-known accountants to speed up their reunion after a decade apart by merging their two firms with effect from yesterday.
Pintard: Govt needs to speak with one voice on VAT
FNM leader Michael Pintard says the government needs to clarify its position at the cabinet level on reducing Value Added Tax (VAT) on breadbasket items.
Bahamas First chair urges ‘exemption’ on insurance investing
Bahamas First’s chairman is urging the Government and Central Bank to give property and casualty insurers a “special exemption” to invest overseas and help improve their financial resilience to natural disasters.
PM: ‘We’re first to sell blue carbon credits’
PRIME Minister Philip “Brave” Davis has given a glimpse into what his administration’s plan for economic and climate resiliency for The Bahamas will look like amid an inflationary climate and a looming hurricane season.
