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Communications sector below $400m revenues - a first in five years

Communications sector revenues dipped below $400m for the first time in five years during 2018, with both fixed-line voice and pay TV subscribers falling year-over-year.

BISX offers platform for $35.5m in trades

The collective value of BISX-listed equities fell by 4.82 percent during the nine months to end-September 2018, producing a similar decline to that witnessed on major global stock markets.

BISX offers platform  for $35.5m in trades

The collective value of BISX-listed equities fell by 4.82 percent during the nine months to end-September 2018, producing a similar decline to that witnessed on major global stock markets.The Bahamas International Securities Exchange’s (BISX) All-Sha

Bank’s 2018 dividend pay-outs to hit $35m

Commonwealth Bank will tomorrow pay a two cents per share extraordinary dividend to shareholders of record at February 18, taking 2018’s total investor pay-out to more than $35m.

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Arawak Port beats profit target by 9%

The Nassau Container Port’s 2019 first quarter profits beat target by nine percent despite projections that full-year net income will be down by more than $1m compared to the prior year.Arawak Port Development Company (APD), the port’s BISX-listed op

BISX listings worth $9.4bn

SECURITIES and mutual funds listed on the Bahamas International Securities Exchange (BISX) had a $9.4 billion collective value at mid-2018, even though domestic stock prices were down 4.46 percent for the half-year.

Bahamas reliance on tourism accelerating

THE Bahamas will become ever-more reliant on tourism to the point where it generates almost 60 per cent of GDP within a decade, a global industry body has forecast.The World Travel and Tourism Council (WTTC), in its annual assessment of the sector’s

BISX market cap rises $50m in '18

The market value of all BISX-listed securities rose by nearly $50m during 2018, with a strong fourth quarter enabling the exchange’s All-Share Index to close the year up 2.2 percent.

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Minister: Tourism numbers up 16.9 percent

FOLLOWING “record-breaking” results in 2018 of 6.6 million visitor arrivals to The Bahamas, Tourism Minister Dionisio D’Aguilar reported that tourism numbers are up by 16.9 percent and that the trend is projected to continue throughout 2019.

BISX's share index doubles growth rate

The Bahamas International Securities Exchange’s (BISX) All-Share Index more than-doubled its growth rate last year compared to 2018, it was confirmed yesterday.The Index, which only measures share price movements among BISX-listed equity stocks and e

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Nassau/PI resort room revenue up 37% in Q1

All performance indicators for major Nassau/Paradise Island hotels increased by double digit amounts every month in the 2019 first quarter, with room revenues ending the period up 37 percent.

Bahamian analysts in excellence award win

The Bahamas’ Chartered Financial Analyst (CFA) Society has received the global network’s 2018 Excellence Award for its initiative to build market integrity.It received the CFA Institute’s 2018 Society Excellence Award on May 10, 2018, at its global l

National debt ends 2018 at $8.22BN

The Bahamas’ national debt finished 2018 at $8.22bn, having increased by $335.3m last year, although GDP growth meant it fell slightly in proportion to the size of the economy.

Govt cut national debt by $26.4m during fiscal Q3

The government lowered its direct contribution to the national debt by $26.4m during the 2018-2019 fiscal year’s third quarter, its just-released “fiscal snapshot” reveals.

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Haitian man on underage sex charge

A HAITIAN man was remanded to prison yesterday over allegations he had sex with underage girls. Leslie Petit-Frere appeared before Magistrate Andrew Forbes charged with three counts of unlawful sexual intercourse. It is alleged that Petit-Frere rap

BISX share index rises by almost 3%

The Bahamas International Securities Exchange’s (BISX) All-Share Index maintained its year-long climb by closing up 2.94 percent for the first nine months of 2019. The trend, which began in the 2018 fourth quarter, reversed the 4.82 percent decline

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Moody’s glum on hitting deficit

Moody’s is urging further “restraint” in public spending while predicting that the government will miss the 1.8 percent deficit target set by the Fiscal Responsibility Act for 2018-2019.

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Cashiers charged with stealing more than $400,000

FOUR cashiers at a local automotive services company in New Providence were arraigned in a Magistrate’s Court on Friday charged with collectively stealing more than $400,000 from their employer over a two-year period.

Travel advisories are not flippant

Travel advisories are issued by sovereign governments to advise their citizens of danger or potential danger when visiting a particular city, area or country – they are not flippantly issued.

LPIA’s ‘double digit’ growth in early 2019

Nassau’s airport already appears on course to beat the 11 percent increase in passenger traffic it enjoyed last year given that early 2019 volumes are up by “double digit” percentages.