All results / Stories
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.
Minister’s $185k CARIFTA ‘surplus’ came from 360% subsidy overshoot
A Cabinet minister yesterday asserted that last year’s CARIFTA games generated a $185,503 “net surplus” even though this was only made possible by a taxpayer subsidy over four times’ higher than budgeted.
CARIFTA TV payment cut in half on contract breach
An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.
Albany developer’s Bahamas return after spared jail time
ALBANY’S principal investor was given permission to return to The Bahamas as early as yesterday after being spared jail time following his previous guilty plea to securities fraud.
$7m overspend on sports events
BAHAMIAN taxpayers incurred an extra $7m bill to cover cost overruns for two much-hyped sporting events that were hosted last summer, the Government’s financial watchdog has revealed.
Comets, Hurricanes repeat as junior soccer champions
The junior portion of the Bahamas Association of Independent Secondary Schools Sports (BAISS) Soccer Championships is officially in the books.
Man pleads guilty to causing harm to woman fined $500
IN court a man was ordered to compensate a woman after he admitted to attacking her last week.
Opposition in Spanish Wells to shanty demolitions
SOME Spanish Wells commoners oppose the impending demolition of illegal shanty town structures either entirely or in part, arguing that the needs of people who were allegedly given permission to build on commonage land should be respected even if their structures are not legally built.
Man ordered to pay fine for indecent assault of woman
A MAN was ordered to financially compensate a woman after he admitted to accidentally touching her face while taking a selfie last weekend.
GB medical school’s $25m expansion to give 200 jobs
A Grand Bahama medical school says its imminent $25m expansion will create 200 construction jobs as it dismissed a legal battle with its co-founder as “a distraction”.
Mingoes pick Baha Jrs apart with 10-0 win
THE University of The Bahamas men’s soccer team seemingly could not be stopped against BahaJrs in Bahamas Football Association action recently at the Roscoe A.L. Davies Field.
PM says divorce is a solution for marital rape
GIVING no firm indication that his administration will criminalise marital rape, Prime Minister Philip “Brave” Davis suggested yesterday that divorce is the solution for women who believe their spouse has raped them.
Civil society: The cornerstone of democracy and progress
IN its broadest sense civil society is all the people, places, and things functioning in a civilised society.
Reverse aging pioneer to address Old Fort Bay club
Reverse aging pioneer, lecturer and author Bill Faloon is slated to speak at the Old Fort Bay Club on Wednesday.
Govt and RCI sign HOA for $165m Beach Club
THE Davis administration and Royal Caribbean International (RCI) signed a Heads of Agreement yesterday to develop RCI’s $165m Royal Beach Club Paradise Island.
One-month tax certificate to halt ‘bush crack, man gone’
Bahamian tax authorities yesterday asserted they have “learned from our mistakes” as it emerged companies with outstanding bills are only being issued with tax compliance certificates valid for one month.
Pintard: Retired nurses should be brought back to alleviate shortage
OPPOSITION Leader Michael Pintard said the nursing profession is experiencing a severe shortage in the country, and said retired nurses should be brought back into the system.
DPM: Bahamians will gain Royal Caribbean PI shares
The deputy prime minister yesterday clarified that, while details are still being worked out, the Government plans to offer equity ownership in Royal Caribbean’s Paradise Island project to Bahamian investors.
Fund manager to be ‘little more defensive’
A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.
FNM claims govt broke law on finance
THE Opposition’s finance spokesman yesterday challenged whether the Government may have violated public finance laws by drawing on $133m from its “sinking funds” to pay debts coming due.
