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Bahamian music artist Canaan For Yah signs a deal with Epidemic Records
CANAAN Cunningham worked multiple jobs to make ends meet when he moved to Miami, doing sound engineering for artists, songwriting, and part-time work at TJ Maxx.
‘Why should we believe you?’, key witness asked by lawyer
A DEFENCE attorney asked a key witness in the criminal trial of Long Island MP Adrian Gibson and others why jurors should believe her testimony after she admitted to lying to police during her record of interview.
School roof failure exposes Contractors Board absence
The Bahamian Contractors Association's (BCA) president yesterday said the recent collapse of roof trusses at R. M. Bailey senior high school again exposes why the Government should “expeditiously appoint” the Contractors Board.
Banks see 30% profits increase
Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.
PROSECUTORS KEY TO DEATH PENALTY: Dame Anita Allen speaks on bail and executions
FORMER Court of Appeal president Dame Anita Allen said prosecutors should be more aggressive in seeking the death penalty in appropriate murder cases.
Central Bank expects growth at ‘moderated pace’ in economy
The Central Bank revealed yesterday that the reduction in external reserve balances for November slowed by over $77.8m from 2022, reflective of net foreign currency outflows through the private sector.
First BOB dividend in 11 years ‘a miracle’
Bank of The Bahamas’ first dividend payment for 11 years was yesterday hailed as “a miracle” by its long-suffering shareholders after it reported its second consecutive year with profits above $11m.
BISX-listed firms blame profits drop on inflation
Two BISX-listed companies have blamed surging inflation for a margin squeeze that resulted in first-half and second quarter 2023 profits slipping against prior year comparatives.
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
Lincoln Bain defends declared net worth and liabilities
COALITION of Independents leader Lincoln Bain defended his $1.8m net worth yesterday, telling The Tribune that he gained his wealth through a successful investment strategy.
Abaco hurricane shelter progress inspected by govt and dignitaries
SHRI R. Masakui, High Commissioner for India to Jamaica, The Bahamas, Cayman Islands, Turks and Caicos Islands, and the British Virgin Island inspected a hurricane shelter under construction in Abaco.
'Decade of contraction' ends with $50m credit expansion
The Central Bank's governor yesterday revealed "a decade of steady contraction" in lending to the private sector was halted by 2023's $50.3m credit expansion although mortgage activity remained "subdued".
National debt up as spending rises faster than revenue growth
The Central Bank revealed yesterday that the national debt grew by $206m over the last quarter.
‘BANNED’: CINEMA SLAMS FILM RATING – ‘Demonic content’ among reasons for blocking screening
FUSION’S chief legal officer called for the “archaic and outdated” Theatre and Cinemas regulations to be amended after the Film Control Board reportedly restricted the company’s ability to show a movie by giving it a D rating.
‘Major progress’ on one insurance law
Regulators say “significant progress” has been made in combining the Bahamian insurance industry’s regulatory regime into one law after the sector saw gross written premiums increase by $60m in 2022.
Health premiums drop $15m on COVID travel cover end
Bahamian health insurers suffered a near-$15m year-over-year decline in group premiums last year due to the Government ending COVID-19 protection plan for visitors.
‘Headwinds’ slash J S Johnson profit 12.54%
J S Johnson’s managing director is warning that “industry headwinds” across its business have slashed profits by 12.54 percent or almost $900,000 for the year to end-September 2023.
Arawak port beats profit target by 18%
Nassau’s main commercial shipping port yesterday revealed it beat its full-year profits target for 2023 by some 17.7 percent or more than $1.4m compared to original forecasts.
$657k ‘pipeline’ blockage kept ArawakX insolvent
The Bahamas’ first-ever crowd-funding platform was branded “no longer solvent at February 2023” by external auditors who warned that $656,500 in “pipeline” revenue could not be used to restore a “net equity” position.
‘Non-controllable’ cost surge blocks bank matching 2022
Commonwealth Bank believes it would have come close to matching 2022’s “extraordinary” nine-month profitability had it not been for $3m in new Business Licence fees and utility costs “more than doubling”.
