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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'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
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.
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
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.
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
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
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.
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
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.
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
Satellites shine light on Dorian's damage
Grand Bahama’s share of total Bahamian economic output dropped by 4.5 percentage points in the six years to 2018 based on the the strength of “night lights” seen from space, a study has revealed. A newly-released Inter-American Development Bank (IDB
Web shop hold-outs on ‘shaky ground’
The Attorney General yesterday warned the web shop industry’s tax hold-outs they are on “very shaky ground” in failing to comply with the settlement agreed with the Government.
Overall crime shows 7% decline
CRIME declined by seven percent in 2019 despite a four percent uptick in murders and a 12 percent increase in armed robberies, according to police statistics. Police Commissioner Anthony Ferguson, as he released the statistics, cited Hurricane Dorian for the murder increase from 91 in 2018 to 95 in 2019, saying law enforcement will learn from having its resources stretched to respond to a natural disaster.
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.
$7.8m caught in payment frauds
Some $7.8m worth of payment fraud complaints were made in 2018, the Central Bank of The Bahamas has revealed, with debit cards accounting for almost 60 percent of cases.
Budget's winners and losers
THE Department of Social Services’ uniform assistance programme will receive considerably more money in the upcoming fiscal year in an apparent effort to curtail the anger government received last cycle for allotting what many saw as insufficient to cover the needs of dependents. Government estimates that $462,000 will go toward the social assistance benefit.
Four industries drive renewed GDP growth
Four sectors were yesterday identified as key drivers of The Bahamas’ 1.6 percent real GDP growth in 2018 that was hailed as the first decent expansion for five years.
