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INSIGHT: Lost opportunity: A case of what could have been

Since the mid-1990s, The Bahamas has encouraged Chinese foreign direct investment.

RoyalStar: 15% of profits from ‘bad mortgage’ link

RoyalStar is aiming to “diversify” by building a closer relationship with its mortgage restructuring affiliate, its top executive yesterday revealing this will generate 10-15 per cent of its profits within the next three years.

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Bahamas suffers 3-2 loss to Switzerland

It was a valiant effort by Team Bahamas in their FIFA Beach Soccer World Cup debut, but a late surge in the third period fell just short.

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Hall says it’s not his job to check disclosures accuracy

AMIDST mounting controversy over the accuracy of disclosures filed by election candidates last week, both Parliamentary Commissioner Sherlyn Hall and Public Disclosure Commission Chairman Myles Laroda said yesterday they were not responsible for verifying the data put forward by candidates, insisting that responsibility lies with other government agencies.

RoyalStar profits drop 73% in 2016

RoyalStar Assurance saw its 2016 profits decline by 72.8 per cent year-over-year due to Hurricane Matthew, with drove a more than-$4 million increase in net claims after reinsurance payouts.

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TOUGH CALL: Smoke continues to obscure landfill bid process

Faced by another toxic fire at the Harrold Road dump as a general election nears, the government has swung into action with an express ‘request for proposals’ (RFP) to fix the problem.

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PM says claim of son’s pay is ‘crazy’

PRIME Minister Perry Christie yesterday denied allegations printed in a local tabloid that his son was allegedly paid millions of dollars in realtor commission fees over the sale of the British Colonial Hilton Hotel to China Construction America (CCA).

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Symonette doubts some disclosures’ accuracy

FORMER Deputy Prime Minister Brent Symonette yesterday shrugged off public discourse over his immense wealth, instead speculating over the accuracy of disclosures filed by other veteran candidates last week.

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Symonette top of rich list with $156m declaration

FORMER Deputy Prime Minister Brent Symonette leads the pack of a long list of millionaires and wealthy candidates who are vying for seats in the House of Assembly with a total net worth of $156m, according to financial disclosures submitted to the Parliamentary Registration Department.

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D’Aguilar company made false declarations in 2014 case

SUPERWASH Limited, the company owned by Free National Movement candidate for Free Town Dionisio D’Aguilar, submitted three false declarations to the Bahamas Customs Department in 2014 which would have cost the government more than $35,000 in unpaid duty, according to documents obtained by The Tribune.

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INSIGHT: Bahamians lose out as Chinese win big

Carey Leonard continues his series looking at the detrimental effects of Chinese investment in the Bahamas with an examination of the Agreement for Waiver Exclusivity . . .

Social entitlements ‘worthless’ without Govt fiscal order

The social entitlement programmes promised by all the political parties are “worthless unless we get our fiscal house in order”, a leading governance reformer urging: “Grow the economy, shrink the Government.”

PLP’s ‘mind boggling’ omission of fiscal crisis

An FNM candidate yesterday said it was “mind boggling” that the Progressive Liberal Party’s (PLP) 2017 election ‘action plan’ fails to mention how it will address the Bahamas’ fiscal crisis, adding: “They don’t want Fiscal Responsibility.”

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COUNTDOWN TO THE FIFA BEACH WORLD CUP: United Arab Emirates

United Arab Emirates (UAE) topped Group C at the 2017 AFC Beach Soccer Championship, comfortably seeing off Iraq 6-0 and Qatar 8-1 before confirming their rich vein of form with a 5-4 win over Japan.

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Cabinet ministers deny claims of Baha Mar conflicts of interest

TWO Cabinet ministers who served as government negotiators on the Baha Mar remobilisation deal yesterday dismissed tabloid accusations of abuse of power and conflict of interest as election season smear tactics.

BPL launches grid tie-in for renewables

Bahamas Power & Light (BPL) has announced the start of renewable energy grid tie-ins for residential customers, although per island limits are being imposed on the total amount that can be supplied.

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Roberts defends party’s plan for free electricity

PROGRESSIVE Liberal Party Chairman Bradley Roberts has defended his party’s controversial plan to provide “free” electricity to customers who keep their residential use below certain limits, saying it coincides with the party’s core principle of helping those who need it most.

RoyalFidelity: No international fund plans ‘in near future’

RoyalFidelity has no plans to create more international investment funds “in the near future”, with low domestic interest rates making it difficult to guarantee for Bahamian investors’ principal.

Matthew ‘doubles, trebles’ Fidelity fund withdrawals

RoyalFidelity has seen withdrawals from its investment funds “double, sometimes treble” above normal levels in recent months after Hurricane Matthew sent investors scrambling for funds to effect repairs.

‘Global disruption’ to impact local insurers

Bahamas First’s top executive has warned that local insurers are likely to face increasing competition from consumers acquiring coverage online, as the underwriter’s gross and net premiums declined 3 per cent in 2016.