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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.

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.

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.

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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.

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.

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.

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.

Bahamas and Turks and Caicos' drug seizures already surpass those of 2018

DRUG seizures conducted as part of collaborative efforts to combat trafficking in The Bahamas and Turks and Caicos have already outpaced those of 2018.

Drug seizures already ahead of 2018 levels

DRUG seizures conducted as part of collaborative efforts to combat trafficking in The Bahamas and the Turks and Caicos have already outpaced those of 2018.

Colina suffers 26% profit drop in 2018

Colina Holdings (Bahamas) suffered a 26 percent year-over-year net income decline in 2018 as a result of increased policyholder claims, it revealed last night.

Tourism must ‘continuously up its game’, minister urges

A Cabinet minister has called on the Bahamian tourism industry to “continuously up its game” following its record-breaking visitor arrivals performance in 2018.

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Deadly traffic accidents down 14%

FATAL traffic crashes in the country declined by 14 percent in 2019, with 54 incidents reported, according to newly released Royal Bahamas Police Force statistics. In 2018, police said there were 63 crashes that resulted in deaths. The number of vic

Govt listing to take BISX close to $9bn

The total market value of all securities listed on the Bahamas International Securities Exchange (BISX) will be just short of $9bn once the government completes the listing of its debt. The stock exchange’s 2019 first half report, released yesterday

Real estate sales show two-tiered market continues

Real estate sales data for the 2019 first half continues to show a two-tiered market, as the lower and middle class segment continues to struggle while the upper end surges. An analysis of Multiple Listing System (MLS) data by real estate firm, Enge

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Insurer shakes-off ‘three-year hangover’ on 22% claims fall

A Bahamian insurer has begun to shake-off its “three-year hangover” from Hurricane Matthew after 2018 claims came in 22 percent below its own projections.

BISX all-share index falls flat

The Bahamas International Securities Exchange’s (BISX) All-Share Index was flat during the 2019 first quarter, under-performing compared to indices in more developed capital markets.

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Govt will 'explore options' if web shop tax talks fail

A Cabinet minister yesterday confirmed the government will “explore its options” if it is unable to persuade the four web shop hold-outs to pay due taxes via negotiation.