Search results for : Matthew
July 20, 2017
Hurricane Matthew, an Environmental Disaster for New Providence
The results of The Hurricane Mathew Project, a six-month study of the impact that Hurricane Matthew had on New Providence showed that we are not taking hurricane preparation and coastal protection seriously...
July 15, 2017
Commonwealth Brewery posts solid financial performance for 2016, devastating hurricane Matthew impact signaling a positive outlook for 2017
Commonwealth Brewery Limited (CBL), the industry?s leader in beer, wine and spirits distribution, served up optimism for 2017 despite a challenging economic situation for shareholders at the company?s 6th annual general meeting (AGM) June 20...
July 03, 2017
Commonwealth Brewery reports over 10M in costs from Hurricane Matthew
Commonwealth Brewery Limited (CBL) revealed in its latest annual report that it suffered business interruption and damage costs of over $10 million as a result of Hurricane Matthew.
The brewery, which is responsible for the production of popular beer brands such as Kalik and Heineken, lost around 20 percent of the roof at its Clifton Pier manufacturing plant; it also suffered equipment loss and "m...
Country 'long way away' from Matthew recovery
June 22, 2017
Country 'long way away' from Matthew recovery
Prime Minister Dr. Hubert Minnis said the country is still a long way from full restoration from damage sustained during Hurricane Matthew last year.
Minnis also announced on Tuesday that a new Emergency Alert Mass Notification Pilot Project will be launched by the National Emergency Management Agency (NEMA) by July.
"We have much work to do as a result of Hurricane Matthew," said Minnis during hi...
June 20, 2017
Chamber still waiting on govt to assist businesses in wake of Hurricane Matthew
Rebuild Bahamas, a joint venture between the Bahamas Chamber of Commerce and Employers' Confederation (BCCEC) and the Rotary Clubs of The Bahamas, spent almost $800,000 to help get businesses back up and running following the passage of Hurricane Joaquin in 2015, BCCEC CEO Edison Sumner said yesterday, lamenting that a similar initiative with the government following the passage of Hurricane Matth...
June 15, 2017
J.S. Johnson impacted by Hurricane Matthew-related claims in excess of 112 mil.
Chairman of J.S. Johnson Brian Moree revealed yesterday that claims relating to Hurricane Matthew totaled in excess of $112 million, adding that the financial impact of the storm on the company was "significant".
In its 2016 financial report, Moree wrote that 73 percent of the dollar value of gross claims originated in New Providence and 22 percent from Grand Bahama.
To the date of the report, ove...
July 22, 2011
Coach Matthew Green Assisted In National Sports Excellence
Several years ago, the national female soccer program clearly showed the potential for advancement. Coach Matthew Green's contribution to the developing process of our soccer lasses was significant.
BTC ready for 2017 hurricane season yet to complete repairs related to Hurricane Matthew
May 24, 2017
BTC ready for 2017 hurricane season yet to complete repairs related to Hurricane Matthew
Bahamas Telecommunications Company (BTC) has invested $1 million in power generation throughout the country in preparation for the 2017 hurricane season, and continues to roll out and expand its fiber optic network throughout the country - a buffer against lost service during major storms.
In a press release issued yesterday, BTC said it has completed its "checks and balances" to ensure that its n...
May 17, 2017
Hurricane Matthew partly to blame for J.S. Johnson's 50 net income drop
J.S. Johnson Insurance Agents and Brokers' financial results for the first quarter of 2017, which were released yesterday, revealed that net income fell by 50 percent and the impact of Hurricane Matthew partly led to the company's performance being "down" for the period.
Managing Director Alister McKellar wrote in his contribution to the report that the insurance company made a "prudent" decision ...
April 28, 2017
Brewery reports lost sales of over 2 million following Hurricane Matthew
Commonwealth Brewery Limited (CBL) revealed yesterday that it incurred lost sales of over $2 million as a result of damage sustained to its Clifton Pier manufacturing plant following the passage of Hurricane Mathew. CBL also endured a loss in stock worth almost $2 million.
In the company's audited 2016 annual report, CBL experienced losses due to inventory destruction, property damage and lost sal...
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