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PUBLIC HOSPITALS 'RUN ON JUST 17% OF BUDGET'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Overstaffing through the politically-related "pile on" of public service workers has left the Public Hospitals Authority (PHA) with less than 20 per cent of its annual budget availa

Melia can ‘barely’ sustain operations

The Melia Nassau Beach Resort can “barely” generate enough cash flow to finance its own operations - an admission that was yesterday seized upon by Baha Mar’s contractor.

COB survey says Bahamas Junkanoo Carnival made positive impression

A COLLEGE of the Bahamas survey into May’s inaugural Bahamas Junkanoo Carnival events concluded that most participants had a positive impression of the event.

Lucius Fox and Biscuits eliminated in semi-finals

LUCIUS Fox’s debut season in Double A baseball came to an end after his Montgomery Biscuits were eliminated in a decisive game five of the Southern League semi-finals.

Joaquin insurance loss stands at $14m

The Bahamian insurance industry is currently pegging gross losses caused by Hurricane Joaquin at $14 million, a sum equivalent to just 23 per cent of the initial $60 million damages estimate.

Lawyer: We must act now on climate change

WITH The Bahamas recognised as one of the most vulnerable countries to rising seas that could swallow up to 80 per cent of the land mass of the islands by the end of the century, a leading environmental consultant and attorney is calling for “immediate radical action” to stem the tide of climate change.

Permit roadblocks to Baha Mar’s $80m Chapter 11 financing

Baha Mar faces further Government roadblocks even if it obtains Supreme Court recognition of the Chapter 11 bankruptcy protection, as it has yet to obtain necessary Bahamian approvals for the $80 million financing facility created by its principal.

Bobby Brown headlines the Jingle Ball

FORGET Santa Claus, ‘80s R&B superstar Bobby Brown is coming to town.

Long Island bananas: 80-90% destruction

While Long Island farmers likely lost 80-90 per cent of their banana crop due to Hurricane Sandy, Tribune Business was told yesterday, but many homes and businesses were likely to be “back to normal in a few days”.

Sandals eyes $1m in storm repairs

SANDALS Royal Bahamian’s general manager yesterday estimated the resort would spend just under $1 million to carry out repairs to areas damaged by Hurricane Sandy, telling Tribune Business that its occupancy levels were near 80 per cent at the time of the storm.

Sailing for science

OFFICIALS yesterday praised the STEM for the Oceans programme that hosted 80 students and others on board the world’s largest cruise ship, calling the initiative something that speaks to the bright future for Bahamian natural resources.

NHI will cost you $15-$80 a month

THE government is “revamping” National Health Insurance to focus more on catastrophic care with the introduction of the BahamaCare Plan and expects a contributory plan of $15 to $80 per month to fund it.

80 to 100 voluntary job cuts offered at Water and Sewerage

THE Water and Sewerage Corporation is considering offering 80 to 100 voluntary separation (VSEPs) packages to employees as it looks towards “right-sizing,” according to Executive Chairman Adrian Gibson.Saying that plans are now underway to have the p

80 test positive for TB exposure

MORE than 340 people living in two shelters for Hurricane Dorian victims have been screened for tuberculosis - 80 of them with positive skin tests, according to Health Minister Dr Duane Sands yesterday.

Eliminate VAT need via 70-80% tax compliance

The Tax Coalition’s co-chair has suggested that increasing tax compliance rates to 70-80 per cent under the existing system would eliminate the need for Value-Added Tax (VAT) or any other revenue reforms.

Mandatory guides push threatens 80% of fly fishing impact

The Bahamas could lose almost 80 per cent of the fly fishing industry’s $141 million annual economic impact if it alienates the ‘do-it-yourself’ anglers, a leading tourism executive has warned.

Commercial banks to acquire 80 per cent of restoration bond

Some 80 per cent or $120 million of the Government’s Hurricane Restoration Bond will be raised from the commercial banks, the Government yesterday confirming the offering’s multi-tiered nature.

Plane goes off runway

THE Air Accident Investigation Authority yesterday reported an incident involving a Flamingo Air Beech 99 aircraft, registration C6-OFM.

Giants blow out Cybots, force game six

The Commonwealth Bank Giants, refusing to roll over and play dead for the second consecutive game, blew out the Mail Boat Cybots by 22 points to stay alive in the New Providence Basketball Association’s best-of-seven championship series at the AF Adderley Gymnasium last night.

GB power officially opnes its $80M generation plant

The Grand Bahama Power Company (GBPC) has officially opened its $80 million West Sunrise Plant (WSP).

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