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Sarkis: Receivers ‘not pursuing’ Baha Mar’s $192m claim

Sarkis Izmirlian is accusing Baha Mar’s receivers of “failing to properly pursue” the company’s $192 million damages claim against its contractor’s Chinese parent.

Taxi union chief fears Baha Mar ‘exclusion’

A taxi union leader yesterday said all drivers should be eligible to do business with Baha Mar, adding that he has been arguing for the same reforms proposed by the resort developer for the past 20 years.

RBC racing to replace card amid fraud fears

Royal Bank of Canada (RBC) last night said it was racing to replace its “magnetic strip” debit cards in The Bahamas after fears were raised that they are vulnerable to fraud.

Realtor fear on 50% permanent residency rise

Realtors last night described the Government’s revised plans to increase the permanent residency threshold by 50 per cent, from $500,000 to $750,000, as “bad news” and something to “head off”.Brent Symonette, minister of financial services, yesterday

'Absolutely not a level playing field'

Bahamian investors and businesses are at a disadvantage when competing against foreign investors because of this nation’s high cost platform.

50 jobs go as web shops shut own after tax hike approved

The Asure Win web shop yesterday blamed the budget’s tax hikes for the closure of 11 sites, and termination of 50 staff, by the end of June amid warnings the sector is not “hyperprofitable”.

Oil opponents to Gov't: 'Come to your senses'

Oil exploration opponents yesterday voiced hope that the "big deal" of support from around 80 international sources would "make the Government come to its senses before it is too late".

Rolle reveals 85 officers in quarantine

COMMISSIONER of Police Paul Rolle revealed yesterday around 85 police officers are in quarantine while one officer has been disciplined for breaching confinement.

CIBC FirstCaribbean explores US listing

CIBC FirstCaribbean’s parent yesterday confirmed its subsidiary is exploring a US stock exchange listing, a move likely to stoke speculation of a Canadian bank withdrawal from the region.

Cruise lines miss out on port project

The cruise lines were yesterday reassured they will not face excessive port fees after the government selected Global Ports Holding’s $250m bid to redevelop Prince George Wharf.

Tyler scores 46 at the Stars and Stripes Showcase

BAHAMAS junior national basketball team standout Tyler Pinder is turning heads in the world of high school basketball recruitment.

Bahamian players in NCAA action

By RENALDO DORSETT

S&P downgrade a ‘wake-up call’

The Central Bank’s governor yesterday said Standard & Poor’s (S&P’s) August downgrade of the Bahamas’ sovereign credit rating to one notch above ‘junk’ status was “a wake up call”, not a “seismic event”.

First VAT filings: ‘Huge discrepancies’ unlikely

The Tax Coalition’s chairman is not expecting “huge material discrepancies” between the private sector and the Government over the first Value-Added Tax (VAT) filings, although he acknowledged: “The proof of the pudding is in the eating.”

$20-$30M INVESTMENT AT LAST HOTEL CORP HOTEL

By NEIL HARTNELL Tribune Business Editor An Illinois-based investor is eyeing a $20-$30 million investment during the first two phases of its plans to transform the last Hotel Corporation-owned property into an upscale boutique resort, with talks aiming

Clubs and societies: 03042016

Antique Auto Club of The Bahamas. - The Antique Auto Club of the Bahamas is very pleased to announce that proceeds from the 29th Annual Antique Auto Show and charity Cook-out, to be held at the Arawak Cay Cultural Centre (Fish Fry!) on Saturday, April 2, are to be donated to the Sir Victor Sassoon (Bahamas) Heart Foundation to help an eight-month-old girl with urgently needed life-saving surgery.

Bahamas downgrade hits cruise port costs

The Bahamas’ sovereign credit downgrade has increased the Nassau Cruise Port’s financing costs to a level “never” considered just 90 days ago, its top executive has revealed. Michael Maura, the cruise port operator/developer’s chief executive, told

Sports Notes

FINANCIAL League play resumed last night after the holiday break with the top score being a 555 bowled by Sammie Symonette of Strike force. Runner-up MVP was Chavez Thompson of Sunshine Insurance with a 212 high game and a 547 second high set. Greg Taylor of Strike Force downed the pins for a 211 second high game.

‘Very confident’ of 80% rebound by mid-2022

The Ministry of Finance’s top official yesterday predicted the Bahamian economy will regain 80 percent of its pre-COVID capacity by June 2022 with key taxes forecast to rise by a similar magnitude.

BPL’s Shell deal process ‘oblique’

Bahamas Power & Light’s (BPL) efforts to outsource electricity generation on New Providence were “oblique” and not fully transparent over a deal ultimately won by Shell North America.

The Tribune

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