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Gov’t Joaquin costs could exceed $56 million

Prime Minister Perry Christie said yesterday that the total cost to repair government buildings and infrastructure damaged by Hurricane Joaquin has been pegged at $56 million, although this could drop to $34 million depending on which option is chosen to repair Acklins’s roads.

Misguided to compare GB Power with BEC

The Opposition’s deputy leader yesterday said protesters were comparing “apples with oranges” in arguing that Grand Bahama Power Company’s tariffs should at least match BEC’s, adding that the former’s newly-approved rate structure “strikes a relatively decent balance”.

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Work permits: 90% of applications come from Bahamians

Ninety per cent of work permit applications come from Bahamian businesses and individuals, a former Immigration Minister telling Tribune Business that the Government did not understand the need to “run the Bahamas as a business”.

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Collie predicted to win race for FNM chairman

FORMER Deputy Prime Minister Frank Watson yesterday forecast that former MP Sidney Collie would emerge as the new chairman of the Free National Movement.

Five-month loan wait dampening realtor's outlook

A Bahamian realtor yesterday voiced concern that renewed market "optimism" could founder over tightened bank lending policies that are taking up to five months to issue mortgage approvals.

Melinda keeps helping residents in Abaco

DESPITE having lost everything to Hurricane Dorian in early September, Abaco resident Melinda Pinder has never backed down when it comes to helping those in need within her community. The mother-of-two, who is no stranger to charity work, had been a

Caribbean rating agency entering Bahamas market

A Caribbean rating agency yesterday voiced optimism it can help Bahamian debt issuers raise capital at lower costs after being approved to offer its services in this nation.Wayne Dass, Caribbean Information and Credit Rating Services Limited (CariCRI

$377m investment for BPL’s LNG conversion

A total $377.4 million investment is required to convert Bahamas Power & Light’s (BPL) generation plants to liquefied natural gas (LNG), an IMF ‘working paper’ revealed yesterday.

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Observers urge more women in frontline politics

INTERNATIONAL election observers have recommended an increase in the participation of women in front-line politics. For the first time in Bah

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Munnings and Oliveirense even quarterfinals series

TRAVIS Munnings and his UD Oliveirense club evened their Liga Portuguesa de Basquetebol (LPB) quarterfinals series in thrilling fashion.

GB medical facility offers new treatment

A Grand Bahama-based medical facility yesterday unveiled a new treatment for patients with diffuse scleroderma.The Okyanos Center for Regenerative Medicine announced it is offering a new and advanced protocol, based on the STAR clinical trial, which

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Jones and sun open playoffs tonight

Jonquel Jones and the Connecticut Sun will open the WNBA Playoffs and their prospective title run tonight.

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David Nesbitt scores game high 22 points in Boca Juniors debut

DAVID Nesbitt made his debut for Boca Juniors in the FIBA Basketball Champions League Americas and helped lead the club to a 1-1 weekend in Group D.

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Young listed as Blue Jays’ No.23 prospect

CHAVEZ Young became the latest Bahamian minor league prospect featured on Major League Baseball Pipeline’s top 30 projections for each franchise.

Hurricane season ‘could be quietest since 1997’

IF newly updated weather projections hold true, this year’s Atlantic Hurricane Season would be the least active period since 1997, according to international weather experts.

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Small business loans slow with $50m requests

Applications for the government’s COVID-19 small business recovery loan have collectively sought double the $25m initially allocated for the programme, it was revealed yesterday.Davinia Grant, the Small Business Development Centre’s (SBDC) director,

DNA adviser pushes for tax, exchange reforms

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Bahamas should move towards changing its tax structure and explore an alternative system to exchange control, a well-known doctor and financial executive said yesterday. Dr Jona

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Grand Bahama electricity costs 40% below rest of Bahamas

Grand Bahama’s electricity costs will be 40 percent lower than Nassau’s and the rest of The Bahamas during the 2023 summer peak after the island’s utility locked in fuel costs at 12-14 cents per kilowatt hour (kWh).

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No resolution over food price control ‘stalemate’

The Bahamian food distribution industry was last night said to have reached a “stalemate” over efforts to strike a price control deal with the Government via a 1,000-strong product list designed to “more than half-way” meet its demands.

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Pledge to release statistics showing latest conviction rate

LEGAL Affairs Minister Allyson Maynard-Gibson yesterday committed to releasing statistics that would support an improved conviction rate over the “alarming” figures released by the Inter-American Development Bank.