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Winning $62.5m bid leaves Cable poised to dominate market

Cable Bahamas was last night poised to become the Bahamas’ most dominant communications provider, after its $62.5 million spectrum bid helped to see off its last remaining rival for the country’s second mobile licence.

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RBC: Bahamas debt grows beyond 70% ‘danger zone’

Royal Bank of Canada (RBC) has warned that the Bahamas’ debt-to-GDP ratio continues to increase beyond the so-called 70 per cent ‘danger threshold’, with business leaders agreeing that international concerns are valid.

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11% power bill fall if renewable energy goal met

The Bahamas could reduce its national electricity bill by 11 per cent through hitting the renewable targets set in its National Energy Policy (NEP), an IMF working paper has estimated.

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SPORTING MISCHIEF & MAYHEM: A mad March day for records and retirements

FROM time to time I like to look back at great sports achievements, occurrences and events in sports history.

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‘Ticking timebomb’: Gov’t warned to defuse Freeport

The Government was yesterday urged to rapidly defuse the “ticking timebomb” that is Freeport’s expiring tax breaks, a well-known businessman warning that the city’s private sector is “stuck in limbo” until it acts.

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INSIGHT: The good, the bad and the ugly - A dangerous mix of tourism and crime

For generations the relationship between country's leaders and its inhabitants have straddled a Cartesian dualism, in a sense that both politician and voter interact within a single socio-economic reality from competing foundations.

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Bahamas tops Caribbean for LA, Houston tourists

The Bahamas is the most sought-after Caribbean destination among US west coast and central markets for a leading travel website’s clients, with this nation urged to “tell the story” of its individual islands and create an ‘urgency’ to visit.

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Attorney General leads delegation to China

ATTORNEY General Allyson Maynard Gibson, QC, has led a delegation to China where Baha Mar executives, China State Construction and the Export-Import Bank of China are expected to hold discussions on the way forward for the unopened $3.5bn West Bay Street resort.

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Auto dealers fear closures if 30% sales fall a trend

The Bahamas Motor Dealers Association’s (BMDA) president fears some new car dealerships will close next year if the current 30 per cent year-over-year industry sales decline persists.

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BTC roaming rates ‘12x higher’ than Caribbean

The Bahamas Telecommunications Company’s (BTC) controlling shareholder yesterday said it had little choice but to slash roaming rates that were 12 times’ higher than the Caribbean average, a move that caused a 9 per cent slump in its total mobile revenues.

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Nottage's national crime address 'an insult to Bahamians' says Minnis

FREE National Leader Dr Hubert Minnis has branded National Security Minister Dr Bernard Nottage’s national address on crime as “inconsiderate, lacking depth and eons too late".

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National crime address ‘an insult to bahamians’

FREE National Movement Leader Dr Hubert Minnis has branded National Security Minister Dr Bernard Nottage’s national address on crime as “inconsiderate, lacking depth and eons too late.”

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Giants sweep Cleaners

THE Commonwealth Bank Giants, featuring a couple of new players, are now into the New Providence Basketball Association’s John Archer divisional championship series, thanks to a two-game sweep over the Double R Services Limited Cleaners in their first round playoffs.

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Department not above the law

As an organisation, BATCU is mandated to pursue and defend the fundamental rights and freedoms of its members within the confines of the law. It is my anticipation, that my subsequent contribution brings equity to the discussion pertaining to workers rights and current employment law.

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Can Big Red Machine win 27th straight BAISS title?

WILL the St Augustine’s College Big Red Machine succeed in winning their 27th straight Bahamas Association of Independent Secondary Schools Track and Field Championships or will this be the year that the Queen’s College Comets or any of the other 10 schools finally snap their dominance?

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Loftus Roker: Enforce all laws or change them

CRITICAL of the hypocritical nature of Bahamians concerning law enforcement, former Immigration Minister Loftus Roker called on the country to “enforce all laws or change them”.

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Hotel union’s strike vote ‘green light’

Hotel union executives last night said a Supreme Court justice had effectively cleared the way for it to take a strike vote tomorrow over its gratuity dispute with the Melia Nassau Beach Resort.

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Gov’t, web shops at odds on ‘back taxes’

The Government and web shop industry are at odds over how the sector’s ‘retroactive taxes’ are to be calculated, with the proposed method seen as “inconsistent” with both the Gaming Act and international norms.

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S&P’s higher deficits on VAT ‘uncertainties’

Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.

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AML's $17.75m refinance to slash interest costs

AML Foods is aiming to slash its annual debt servicing costs by more than $220,000 via the refinancing of its existing $17.75 million preference share debt, its chairman confirmed yesterday.