BTC’s half-year better via 16% revenue rise
The Bahamas Telecommunications Company (BTC) enjoyed a 16.3 percent year-over-year increase in 2021 second quarter revenues, it was revealed yesterday, despite losing close to 3,000 prepaid mobile subscribers.
Hospital ‘must beat misperception’ that it’s not affordable
Doctors Hospital “must beat misperceptions” that its healthcare services are too expensive to be accessed by middle and lower income Bahamians, its chief financial officer says.
Bank ‘hopelessly deficient’ on $600k loan guarantee
Bank of The Bahamas’ “hopelessly deficient case” has left it unable to enforce a guarantee for a near-$600,000 delinquent mortgage owed on a property in south-west New Providence’s Coral Vista subdivision.
Treat internal audit as trusted advisors
Internal auditors should be considered trusted advisors who work along with the board and management to help your company achieve its goals and business objectives.
Ex-DPM backing 2023 for full COVID rebound
The former deputy prime minister yesterday backed the Central Bank’s assessment that the Bahamian economy will not fully recover from COVID-19 until 2023, with much depending on how the latest case surge is handled.
Growing pessimism on Grand Lucayan’s sale
Grand Bahama businesses yesterday voiced growing pessimism that the Grand Lucayan’s sale to the ITM Group/Royal Caribbean joint venture will ever be completed especially as a general election nears.
Commission summons police over firm’s ‘fake certification’
The Securities Commission has brought in the Royal Bahamas Police Force (RBPF) to help investigate an entity falsely claiming to be licensed and registered with the financial services regulator.
Bahamas ‘not doing enough’ to fight corruption perception
Governance reformers yesterday warned The Bahamas “is not doing enough to change perceptions of corruption” as the US government again cited irregularities in this nation’s procurement and investment approvals process.
Governor: Use $200m for Dorian rebuilding
The Central Bank’s governor yesterday urged Dorian-ravaged businesses and homeowners to draw down on “at least $200m” in unused reinsurance funds to finance rebuilding, adding: “The economy will be better off.”
Doctors sees 75% growth in demand
Doctors Hospital has seen a 75 percent year-over-year increase in demand for its services based on top-line revenue growth during the first six months of its 2022 financial year, a senior executive has revealed.
‘Near-term risk’ to the economy has increased
The Central Bank’s governor yesterday warned that “very near-term risks to the economy have increased” as a result of surging COVID-19 infection rates in The Bahamas and its key tourism source markets.
Restrictions gave external reserves ‘$200m cushion’
The Central Bank’s governor yesterday revealed that restrictions imposed last year in the immediate aftermath of the COVID-19 pandemic’s outbreak had “provided at least a $200m cushion for the external reserves”.
Doctors in 40% public GB hospital ownership
Doctors Hospital is planning to offer at least a 40 percent collective ownership stake to Grand Bahamians in the $15m-$20m hospital it plans to open on that island by the 2022 second quarter.
Minister: 'Extreme frustration' over Grand Lucayan
A Cabinet minister says it is "extremely frustrating" that the Grand Lucayan's sale continues to be delayed by the protracted wait for ITM/Royal Caribbean to close their separate deal with Freeport Harbour Company.
DON’T BLAME US FOR BEETLE CARGO FIASCO: Shipping agents say sub-contractor was to blame for blunder
The Bahamian shipping agent for a vessel that offloaded wood waste containing an invasive beetle species yesterday pledged to fight impending Customs charges and efforts to make it “a scapegoat”.
