Saturday, Jul 11, 2020

FCIB profits plummet 21%

A dramatic 63 percent year-on-year increase in loan loss impairment took$12 million from FirstCaribbean International Bank Bahamas'(FCIB)bottom line, resulting in a net income loss of 21 percent for its fiscal year ended October 31, 2010. The bank still posted net income of$61.9 million and an

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BTC Union update

Bahamas Communications and Public Officers Union(BCPOU)President Bernard Evans said yesterday that his members are more united in the fight against the sale of 51 percent of the Bahamas Telecommunications Company(BTC)to Cable and Wireless Communications(CWC)as a result of BTC's decision to cut their pay for engaging

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