17 November 2017
The Bank of the Bahamas has confirmed that it began downsizing The statement yesterday the bank said it is doing what it calls ‘right sizing’ in an effort to get the bank back on a path of sustainable profitability to enhance their shareholders’ and stakeholders’ value. Bank officials have confirmed that less than 30 […]
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17 November 2017
Progressive Liberal Party (PLP) National Chairman, Fred Mitchell, expressing his concern over recent layoffs or downsizing at the Bank of The Bahamas (BOB), said that the Free National Movement (FNM) administration is more concerned about statistics and figures and less about the Bahamian people. “It is always dreadful when men and women lose their jobs. […]
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16 November 2017
Bank of the Bahamas is undergoing a downsizing exercise at two of their branches. It is reported that 15 or more persons were let go from the Village Road branch on Tuesday and another large number of persons from the Harold Road branch on Wednesday. Minister of Finance Peter Turnquest said he knew nothing of […]
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16 November 2017
In an effort to reduce the level of crime in The Bahamas, the Royal Bahamas Police Force has introduced Point Blank body cameras that will not only help in the fight, but will also make police officers accountable. During a demonstration of police officers in action outfitted with the bodycams, Commissioner of Police, Anthony Ferguson […]
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16 November 2017
Police have arrested a female American visitor for possession of a quantity of marijuana while at the international section of the Lynden Pindling International Airport (LPIA). According to police reports, shortly after 6pm on Tuesday, officers from the Airport Division, acting on information conducted a search of the American female and found a quantity of […]
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16 November 2017
In a bid to counteract the effects of the current economic crisis and to stimulate economic recovery in The Bahamas, the government is ‘aggressively’ pursuing ways to boost the economy. This, according to the Minister of Financial Services, Trade & Industry and Immigration, the Hon. Brent Symonette is an objective that is of top priority […]
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16 November 2017
The Member of Parliament for Exuma and Ragged Island, I.Chester Cooper says the opposition questions the logic of the government borrowing U.S. dollars to pay off Bahamian dollar loans “at a time of excess liquidity in the system.” He noted that $300 million is being used to pay –off domestic treasury bills and bank advances. […]
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16 November 2017
The Minister of Finance, K. Peter Turnquest, went to great lengths yesterday to explain the reason and rationale behind the latest borrowings of the government. The Minister was able to restructure loans and get the interest rate reduced from six and a quarter to six per cent. Addressing members of the House of Assembly, Mr. […]
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16 November 2017
Still taking a stand against adverse working conditions, the staff of the post office took their protest from their doorstep at the general post office to Bay Street. Armed with a plaqucards and pictures of mold and rats, workers from all of the post office branches gathered just two feet away from the House of […]
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16 November 2017
As the only other major mobile network in the country, ALIV has made a brand for itself in an arena that was monopolized for years. Chief ALIV Officer (CAO) Damian Blackburn said creating the brand ALIV has been a fantastic journey. “It’s been an amazing year, clearly. Launching this a year ago was an incredible […]
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