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Bahamas warned on new downgrade risk
The Bahamas was yesterday warned by Standard & Poor’s (S&P) that it faces “at least a one-in-three chance” of a further downgrade to its sovereign credit rating within the next 12 months.
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DORIS CYNTHIA BROWN
DORIS CYNTHIA BROWN age 96 years of Yamacraw and formerly of Delectable Bay, Acklins died at her residence on Wednesday, June 8th, 2016. She is survived by her SONS: Euthal and James Brown; DAUGHTERS: Doreen and Yvonne Brown and Miriam …
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Minnis: Where did $100,000 cash come from for BEC payment?
OPPOSITION leader Dr Hubert Minnis yesterday renewed calls for an investigation into the $100,000 cash payment made to the Bahamas Electricity Corporation.
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Ayton cans 16 to help his Suns top Rockets
PHOENIX (AP) — Devin Booker scored 27 points, Deandre Ayton contributed 16, and Landry Shamet added 19 off the bench and the Phoenix Suns pulled away late to beat the Houston Rockets 123-111 last night.
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Falling mortgage arrears improve commercial loan position
COMMERCIAL bank loan arrears improved in February by $60.2m, with the most significant decline in mortgage arrears which, according to the Central Bank of the Bahamas, contracted by $39.2m.
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Sweeting: Cultivation centre to open by end of the month
The Gladstone Road cultivation centre is 90 percent complete and will be ready for opening by the end of the month.
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BTC begins ‘fight for every customer’
The Bahamas Telecommunications Company (BTC) has moved swiftly to deliver on pledges of increased consumer value with the launch of its 90-day Always On mobile promotion.
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Minister's $90m fish exports double 'goal'
A CABINET minister yesterday said he had set himself the “goal” of doubling the Bahamas’ annual $90 million fisheries exports.Renward Wells, minister of agriculture and marine resources, said fisheries exports - $70 million of which are spiny lobster
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Palm Cay to start $100 million construction within 90-120 days
PALM Cay, the southeastern New Providence community, is gearing up for the launch of its “next big project” where realtors will have a “big part” to play.The development recently held a VIP broker event to highlight its more than $2m in upgrades to
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Foreign buyer VAT rise gains ‘90-day transition’
A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.
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CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
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CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS
By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill
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Renovated Wyndham re-opens
AFTER an extensive $4m hurricane restoration, Viva Wyndham Fortuna Beach Resort reopened its newly renovated property to guests and is expecting 90 per cent occupancy during the Christmas season.
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Mighty Matthew threatens heavy rains, high winds, huge surf and devastating storm surge
Mighty Hurricane Matthew has shrugged off its encounter with a landfall on the southwestern tip of Haiti between 7am and 9am on Tuesday morning, and remains an extremely dangerous Category 4 storm with 140mph winds as it plows north at about 9mph over the eastern tip of Cuba. Now Matthew is set to carve a destructive swath across The Bahamas.
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The first ship to be sunk in the Bahamas in World War Two
OLAUS Johansen was the only member of a 40-man crew never to leave Abaco after he and his crewmates landed there when their Norwegian ship was attacked and sank in the Bahamas in 1942. Writer Eric Wiberg tells the story as The Tribune continues its look at war stories and the Bahamas in the run-up to Remembrance Day on November 11.
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Court filing sheds light on FTX fund transfers
FTX’s Chapter 11 lawyers applyed for a motion for the enforcement of an automatic stay from creditors in FTX proceedings due to shuffling of funds days prior to the chapter 11 filing, new court filings state.
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FTX lawyers apply for creditors stay
FTX’s Chapter 11 lawyers applied for a motion for the enforcement of an automatic stay from creditors in FTX proceedings due to shuffling of funds days prior to the chapter 11 filing, new court filings state.
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Foreigners take greater real estate market share
Bahamians are conceding an ever-larger share of the real estate market to foreign buyers, one well-known developer yesterday revealing that 100 per cent and 90 per cent of purchasers at his latest two projects were from overseas.
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'Lacklustre' tourism in 3% room revenue fall-off
Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.
