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Cable shareholders suffer $14.37m loss over US writedown
Cable Bahamas shareholders suffered a collective $14.371 million net loss for 2015, driven by a one-off $20.5 million accounting ‘write down’ associated with its US operations.
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Primary School Track and Field Championships start next week
THE TOP primary school track and field athletes in the country will have an opportunity to showcase their skills and compete for a national championship next week.
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‘Hoops for Homes’ champions emerge
BLYTHE Rolle and Kyle Rolle, of no direct relation, emerged as the upper and lower champions of the Hoops for Homes initiative that was hosted by Xavier’s Lower School Student of the Year Adrian Dean.
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GB Power secures ‘best solar rate in Caribbean’
Grand Bahama Power Company believes it has obtained “the best rate in the Caribbean” with its first solar energy deal with an independent provider, its top executive has revealed.
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FNM chair: VAT health claims change ‘insane’
The FNM’s chairman yesterday branded the proposal to change the VAT treatment of health insurance claims as “absurd, insane and inane”, warning that it will “destroy” the medical sector if implemented as originally planned.
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Trade Policy aims to break export barriers
A Cabinet minister yesterday asserted that the newly-launched National Trade Policy will play a key role in helping to diversify the Bahamian economy through the creative industries plus sectors such as agriculture and fisheries.
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Key tax arrears jump $230m to hit $1.13bn
Tax arrears owed to the Government from three key revenue streams increased by a collective $230m during the first nine months of the current fiscal year to hit $1.13bn at end-March 2023.
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Age and climate change - the real time machine
AGE/AGEING is the real time machine, created by God Himself and not by man’s ingenuity. Like climate change, to which I am a recent and reluctant adherent, age and aging are real phenomena.
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Bahamasair targets four aircraft addition
Bahamasair plans to expand its fleet by four aircraft come summer 2023, it was revealed yesterday, as a senior executive voiced concern about “inconsistent” runway approach lighting at Abaco’s main airport.
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Over 1,800 travellers hit by Bahamasair sickout
Bahamasair’s top executive yesterday revealed more than 1,800 passengers were impacted by Sunday’s flight attendant sickout as he voiced optimism that the airline’s reputation will not suffer long-term damage.
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Richardson talks national team baseball, youth movement
ACCORDING to Bahamian baseball pioneer Antoan Richardson, the continued success of Bahamian players with the Great Britain Baseball programme should intensify efforts for The Bahamas to field its own independent senior national team.
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Businesses blast Grand Bahama Power fuel charge hike
GRAND Bahama Power Company’s (GBPC) impending fuel charge increase was yesterday branded “disgraceful” by one businessman although the move came as little surprise.
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Residents react to rise in Grand Bahama Power fuel rate
THE announcement of a rate hike by the Grand Bahama Power Company was received with mixed reactions by some residents on the island.
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Agriculture sees inflation raise prices fivefold
COMPANIES in the agriculture industry said inflation has impacted them, with one business stating that in some cases prices have increased fivefold.
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Tributes paid to Mike Mosko
THE local real estate community is mourning the death of well known Grand Bahama resident and businessman Mike Mosko, who died in Greece on Monday. He was 72.
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Tourism hopeful major strike damage avoided
The Bahamian tourism industry was yesterday hopeful that widespread, long-lasting damage from the Airport Authority strike may have been avoided even though most of the agency’s employees still failed to show for work.
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Gas price crisis wiping out retailers’ profits
Bahamian gas stations say “no business operates” on the unsustainable seven percent gross margins they are enduring amid warnings the sector may have to cut jobs and operating hours to survive.
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INSIGHT: Out of order, Madam Speaker
THE Speaker of the House took centre stage last week – and not in a good way.
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Mountaineers rout Bahamas team by 46
Head coach Dustin Kerns likes what he saw from his Appalachian State University Mountaineers men’s basketball team in their 46-point rout over the Bahamas Select Team yesterday at the Summer of Thunder in the Imperial Ballroom of the Atlantis resort on Paradise Island.
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Lyford Cay condo has to slash units by 30%
Planning authorities have given the go-ahead for a controversial Lyford Cay condo project provided its height is reduced by one-third - and the number of units slashed by 30 percent - to address “overdevelopment” concerns.
