Bank wipes out $30m loss in three months
A BISX-listed bank says its best first quarter for a decade has more than wiped out the near-$30m full-year loss it suffered for 2021, which was sparked by a 41.4 percent jump in bad loan impairments driven by COVID-19 fall-out.
‘Tremendous ignorance’ on VAT breadbasket row
The Coalition for Responsible Taxation’s (CRT) head has slammed “the tremendous amount of ignorance” shown by Bahamian politicians from all sides in the continued debate about eliminating VAT on so-called ‘breadbasket’ items.
‘No time to celebrate’ on better fiscal signs
While the better-than-expected fiscal performance gives the Davis administration “something to hang their hat on” heading into the upcoming 2022-2023 Budget, it was yesterday warned: “It’s not time to celebrate yet.”
Hope and Fear
ActivTrades
THE recovery on the European financial markets continued vigorously in the second half of last week. Good corporate balance sheets and low prices beat fears of war and the return of COVID lockdowns.
Man killed in hit and run
AN Eleuthera man is dead after a hit and run accident on the island on Saturday, police said.
Ingraham concludes GB book tour
FORMER Prime Minister Hubert Ingraham concluded his two-day book launch in Grand Bahama on Friday with a courtesy call on Grand Bahama Minister Ginger Moxey and a visit with students at Jack Hayward High School.
A new era for pace
PROVIDING Access to Continued Education has renamed its East and Plantol Streets building as the Andrea Archer Institute, in honour of its founder.
145 migrants repatriated in operation
ONE hundred and forty-five migrants were repatriated on Friday.
Queen of the Universe
PRIME Minister Philip “Brave” Davis was among many persons offering congratulations to Miss Teenager Bahamas Flonique Lightbourne who recently won the title of Miss Teenager Universe in Panama City, Florida.
Atlantis launches seaplane tie-up with Kamalame Cay
Atlantis has moved to better enable its guests to “experience the sheer beauty of the Family Islands” with this week’s launch of its partnership with Coco Bahama Seaplanes and Kamalame Cay.
Mother dies in traffic accident
A YOUNG mother is dead while two children and a man are in hospital following a traffic accident in western New Providence on Saturday night.
Man shot dead in drive-by shooting
A MAN who was shot while sitting on a wall died in hospital on Saturday, police said.
‘FORGIVE THE DEBT OF CLIMATE-HIT NATIONS’: PM wants nation to lead way in call for financial relief
PRIME Minister Philip “Brave” Davis wants multilateral organisations to forgive those debts of small countries that are related to climate change.
Coach ‘Lonnie’ Greene is pleased with achievement
IT was a weekend coach Rolando ‘Lonnie’ Greene will cherish for the rest of his life.
Brandon Hutchison and Keyshawn Strachan shine at the Penn Relays
DESPITE the extremely cold weather conditions, strongman Keyshawn Strachan and Brandon Hutchison produced outstanding individual performances in leading the St John’s College Giants and St Augustine’s College Big Red Machine teams at the Penn Relays over the weekend in Philadelphia.
Closing the circle: Getting to the root causes of crime
In recent news headlines, we have seen more than 20 young men being murdered on New Providence in March.
Digital assets ‘shot in the arm’ sparks accountants to reunite
The Bahamas’ entry into the digital assets space sparked two well-known accountants to speed up their reunion after a decade apart by merging their two firms with effect from yesterday.
Regulators to demand BPL fuel hedge report
Regulators will demand “a comprehensive report” from Bahamas Power & Light (BPL) on the effectiveness of a fuel hedging strategy that has been the subject of much recent controversy.
Gas stations hope for industry ‘modernising’
Gas station dealers are hoping the Government will either agree to a margin increase or “modernising” the industry’s structure, with a solution agreed before the 2022-2023 Budget is unveiled in just over three weeks’ time.
Investment protection focus for digital assets regulation
The Securities Commission’s top executive has foreshadowed the roll-out of more digital asset regulations as it begins focusing on “investment protection” in the cryptocurrency space.
