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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.
Leading health insurer rebounding from 2020 COVID fallout
A BISX health insurer disclosed that the company is rebounding from the 2020 COVID-19 fallout with a near 2,000 percent net investment income increase for the first six months of this year.
Gov’t drove 59% of $523m reserve rise
The Government accounted for 59 percent of the 2022 first quarter’s $523m rise in The Bahamas’ foreign currency reserves, the Central Bank’s governor has revealed, although the banking sector subsequently took on the greater share.
Doctors in $7.747m COVID testing boost
Doctors Hospital enjoyed a $7.747m revenue boost as a result of administering more than 100,000 COVID-19 tests during the ten months to end-January 2021, it has been revealed.
Port’s profits to decline 7% despite pre-COVID bounce
Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.
URCA: Renewable policies not working
Bahamian energy regulators have conceded their renewable policies are “not attractive” for companies and investors seeking to enter the sector, and are proposing a pricing structure switch.
$6m claims jump drives Bahamas First into loss
Bahamas First has warned “it will take some time” to correct problems with its Cayman subsidiary’s life and health portfolio that have been blamed for a $6m-plus jump in claims payouts.
External reserves jump on banks’ $84m inflow
The Bahamas’ external reserves grew by almost $55m in February 2022 as commercial banks collectively received a net $84.2m foreign currency inflow from their customers.
17-member Jr Pan Am team named
THE Bahamas Olympic Committee named its 17-member team set to compete at the inaugural Junior Pan American Games.
NCAA swim: Student athletes make a splash
SEVERAL Bahamian student athletes set school records, new personal bests and earned spots on the medal podium at their respective NCAA swimming conference championships.
Governor: Use $200m for Dorian rebuilding
The Central Bank’s governor yesterday urged Dorian-ravaged businesses and homeowners to draw down on “at least $200m” in unused reinsurance funds to finance rebuilding, adding: “The economy will be better off.”
CIBC loan deferrals decrease by $420m
Just $6m worth of loans remained in CIBC FirstCaribbean International Bank (Bahamas) COVID loan deferral initiative at end-October 2021 compared to $426m exactly one year earlier.
Governor raises reserves forecast as $3bn beaten
The Central Bank yesterday raised its year-end forecast for The Bahamas’ external reserves holdings after they started May above $3bn following a $523m expansion during the first three months of 2022.
Reserves slide continues trend with four percent fall
External reserves slid by four percent in November, continuing a trend, according to the Central Bank of The Bahamas.
200 Haitian migrants repatriated
NEARLY 200 Haitian migrants were repatriated to their homeland in two separate charter flights yesterday.
BOB targeting ‘real growth, not loan loss management’
Bank of The Bahamas yesterday said it was seeking to drive sustained profitability “from real growth as opposed to managing delinquency provisions” after enjoying a positive $14m bottom line swing.
Brewery chief: Pre-COVID revenues not back till 2023
Commonwealth Brewery’s managing director has warned shareholders not to expect the group’s revenues to fully recover from COVID-19 “before 2023” following a $38.2m drop-off last year.
Governor adjusts 2022 GDP growth to 6-8%
The Central Bank’s governor yesterday adjusted 2022 economic growth projections to 6-8 percent, with The Bahamas not expected to “fully erase” COVID’s impact before 2023 “at the earliest”.
Double standard
The alcoholic beverages are flowing, the basketball court has been taken over by their volleyball net, the pavilion is full, and it is not available to our children and residents.
‘I felt my hamstring so I decided to shut it down’
Citing a hamstring injury that hampered her progress, Shaunae Miller-Uibo couldn’t gut it out with the field yesterday and had to basically jog to the finish line in 24.00 seconds for eighth place in the women’s 200 metres.
