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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
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
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
Communications sector rebounds from 5-year low
The Bahamian electronic communications industry recovered from a five-year low in 2018 to grow its total revenues by three percent to $390m in 2019, sector regulators have revealed. The Utilities Regulation and Competition Authority (URCA), in its 2
Labour Day victims are remembered
A wreath-laying ceremony was held Friday in memory of the four victims of the 2018 Labour Day tragedy. Tabitha Haye, Tami Gibson, Dianne Ferguson and Kathleen Fernander, who lost their lives tragically on June 1, 2018 during the Sir Randol Fawkes La
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
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 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
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.
Six put on probation after they admit part in cheque fraud case
ONE man and five women were placed on 12 months’ probation and ordered to compensate a marketing agency they defrauded two years ago, after they pleaded guilty to a string of fraud-related charges in the Magistrate’s Court yesterday. The defendants
Domestic banks in 10% cost increase
Domestic banks and trust companies endured a near-ten percent operating cost increase in 2018 amid continued expense and regulatory pressures on the wider financial services industry. The Central Bank’s survey of the sector’s 2018 contribution to Ba
Moody's predicts $82m fiscal deficit overshoot
Moody’s is predicting that the government will overshoot its 2019-2020 deficit target by more than $82m and take longer than anticipated to produce the budget surplus it is seeking.The international credit rating agency, in its latest update on The B
Revenues beat budget target by $81M
COLLECTIONS of stamp taxes on financial and realty transactions “surged two-fold”, from $109.5m in fiscal year 2017/18 to $225.3m in fiscal year 2018/19, outpacing the budgeted $143.7m the Ministry of Finance’s fourth quarter fiscal snapshot and repo
BISX-listed insurer in 29% profits rise
Colina Holdings (Bahamas) yesterday unveiled a 29 percent year-over-year increase in total net income to $8.9m for the 2019 first half.The BISX-listed holding company, revealing a $2m bottom line increase upon last year’s $6.9m, said net income attri
Unemployment rate down to 9.5 percent
THE national unemployment rate has improved - with labour force officials revealing on Friday a decrease to 9.5 percent.
Colina 'well placed' against COVID-19
A BISX-listed insurer believes it is well-positioned “to withstand the uncertainties” associated with the COVID-19 pandemic after profits earned by equity shareholders rose 43 percent last year. Colina Holdings Bahamas, the life and health insurance
Decision to discharge pair of criminal charges remains 'undisturbed'
THE Court of Appeal has dashed the Crown's hopes of overturning a magistrate's decision to discharge a Haitian woman and her brother of criminal charges.
MP's firm misses chance to overturn its eviction
FOX Hill MP Shonel Ferguson’s investment company has squandered a chance at having the Privy Council overturn its eviction from a building it never paid real property taxes on since assuming responsibility for it some 13 years ago.
Container port operator $600k ahead of target
The Nassau Container Port’s operator beat the profits forecast for its 2019 financial year by some 8.4 percent or almost $600,000, its just-released financial statements have revealed. Arawak Port Development Company (APD), the BISX-listed manager f
