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Blow to Cuban hopes for oil as well proves dry
By ALAN CLENDENNING AP Business Writer MADRID (AP) -- Spanish oil firm Repsol said Tuesday it will stop looking for oil in Cuba after hitting a dry well drilled at a cost of more than $100 million, a blow to the island nation desperate to find its own ene
Ayton shines as Suns pound Knicks 121-98
NEW YORK (AP) — Deandre Ayton had 26 points and a career-high 21 rebounds, and the Phoenix Suns pounded the New York Knicks 121-98 last night.
Tributes paid to veteran educator
VETERAN educator Tracey W Strachan, who served as headmaster or principal at many schools throughout the Bahamas, died on Saturday morning after a short illness, his family has announced. He was 81.
Water Corp to cut Consolidated debt to under 90 days
THE Government is aiming to reduce the Water & Sewerage Corporation’s (WSC) arrears with BISX-listed Consolidated Water, its main supplier, to just under 90 days, after approving a $20 million subsidy for the 2014/2015 fiscal year.
Properties taxed on just 40% of value
The average Bahamian property is being taxed on just 40 per cent of its market value, a report warning that this is creating “efficiency and equity distortions” that undermine revenue yields and compliance.
THE FINISH LINE: Water polo champs have made a case for their own training facility
MICHAEL Pintard, the Minister of Youth, Sports and Culture made two announcements this week in the House of Assembly that grabbed my attention.
‘We must reform campaign finance’
FORMER State Minister for Legal Affairs Damian Gomez said allegations about the relationship between Canadian fashion mogul Peter Nygard and the Progressive Liberal Party are “not a good thing for the country,” adding that he hopes it spurs legislative reforms like the passing of campaign finance laws.
Sarkis’s letter shows breakthrough on Baha Mar ‘not imminent’
Sarkis Izmirlian’s letter to his former 2,026 Baha Mar staff shows there is no “imminent” breakthrough likely in the impasse over the $3.5 billion project, a senior private sector executive believes.
Baha Mar appoints ‘restructuring’ chief
Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.
$315m lost in Baha Mar tax
IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.
Accountant opposed by own creditors committee
An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.
US warnings ‘threaten core of our existence’
The Bahamas “must do everything in our power” to combat US crime advisories, the Chamber of Commerce’s chief executive warning yesterday: “It threatens the very core of our existence”.
Pirates stun Cleaners for first win, Legends shock Real Deal 101-88
EVERYBODY Wins Legends got into the festive mood by putting together their best game of their inaugural year and the Pirates, also making their debut this year, finally got into the winner’s circle as the New Providence Basketball Association closed out the first half of its 2015/16 regular season at the AF Adderley Gymnasium on Friday night.
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.
UN warns of long road back for fishing sector
THE Bahamas’ lobster and fisheries industry - a sector worth $75m - has been severely set back by Hurricane Dorian, and United Nations assessors say it could take two years for Abaco and Grand Bahama to recover. A report by The Food and Agriculture
Contractors: Over 50% hit by lack of work
Some 52 per cent of Bahamian contractors are suffering from a lack of private sector and government projects, the issue being cited as one of the greatest challenges to their “survivability”.
Jones posts double in Foxes’ victory
FOLLOWING a break in competition for national team play at the FIBA Eurobasket 2021 Qualifiers, Jonquel Jones and her UMMC Ekaterinburg Foxes began FIBA Euroleague play this week and continued their dominance in the region.
San Salvador and Rum Cay residents learn from Joaquin and head for shelters
THE devastation caused by Hurricane Joaquin last year has given residents in San Salvador and Rum Cay all the motivation they need to evacuate homes, according to the administrator for both islands, Gilbert Kemp, who told The Tribune on Wednesday afternoon there has been very good response to relocating to shelters to ride out Hurricane Matthew.
REGULATORS, HIGH FLYERS WIN TITLE IN BASKETBALL NATIONALS
MR Ship It Freight Regulators and Breezes High Flyers represented the New Providence Basketball Association very well at the Bahamas Basketball Federation’s National Round Robin Tournament.
Dynasty, St Agnes, and Wester are victorious
Dynasty, St Agnes, and Wester are victorious By Donovan Matthews DYNASTY, St Agnes and Western got victories as the Bahamas Cricket Association 2012 20/20 series continued at Windsor Park in New Providence. On Saturday, Dynasty scored an easy 126-run vi
