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SUPERVALUE IN 'OVER 20%' XMAS SALES RISE

By NEIL HARTNELL Tribune Business Editor The Supervalue supermarket chain saw a more than 20 per cent year-over-year increase in its Christmas sales figures, its owner and president telling Tribune Business yesterday the company was likely to invest a fu

Mortgage company was 'near bankruptcy'

By AVA TURNQUEST Tribune Staff Reporter aturnquest@tribunemedia.net THE Bahamas Mortgage Corporation was headed to bankruptcy as a result of "reckless lending habits" under the PLP administration, chairman Dr Duane Sands said yesterday. Dr Sands said tha

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OPINION: Vote your conscience - but make sure you vote

TODAY’S referendum is another official opportunity for all citizens of our Bahamas to deepen our democracy and help to correct an age-old vice and an out-of-control national pastime.

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Bahamas to be part of study on coral reefs

THE Bahamas has been included in the expansion of a study on coral reefs under a new campaign by the Catlin Group.

Short of money, but must have new House

ARE OUR politicians completely lacking in sense, or is it sensibility? Maybe they have screws missing in both departments.

PM: VAT Rate to be lower than 15%

Prime Minister Perry Christie last night confirmed that Value-Added Tax (VAT) would be introduction at a lower rate than the initially proposed 15 per cent, with the implementation date also subject to potential change.

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Artist Spotlight: Xavier Brice

BAHAMIAN singer Xavier Brice is bringing a groovy sound channelling classic Motown energy with his new single ‘I Can’t Keep Loving You.’

AML chief urges end to 'ridiculous' Price controls

AML Foods chairman yesterday reiterated calls for the Government to abolish price controls, arguing that high levels of competition in the food retail industry meant it no reason to “meddle”.

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Prisoners to be interviewed over bus smash

INVESTIGATORS are expected to conduct interviews today with the eight prisoners who were on a prison bus when it collided with a jeep driven by an elderly woman on Thursday.

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Buyers fight for British Colonial

PRIME Minister Perry Christie said yesterday that a buyer seeking to purchase the British Colonial Hilton was currently in its due diligence period, adding that a rival was “lurking in the background.

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BTC title sponsor for the BAAA CARIFTA Trials

BTC has come onboard as the title sponsor for the 2014 Bahamas Association of Athletic Associations’ CARIFTA Trials as the organisation prepares to field its team for the region’s annual elite meet for junior athletics.

Food retailers urged: Make price control case

The Bahamian food retail industry was yesterday asked to ‘make the case’ for an increase in its price control margins, a senior industry executive conceding that the restrictions were “not going to go away”.

$30,000 to repair storm shelters

THE Salvation Army of the Bahamas has received $30,000 from the US Agency for International Development/US Office of Foreign Affairs/Latin America and the Caribbean (USAID/OFDA/LAC) to assist in repairing storm shelters in the Grants Town and Mackey Street areas.

Logging revival could create $160m industry

Reviving the logging industry could generate numerous entrepreneurial opportunities and allow Bahamians to tap into a timber import market worth an estimated $160 million, a senior environment official believes.

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Pros get 20-14 win over Jets in season opener

THE rivalry between the Orry J Sands Pros and BaOilCo Jets entered a new chapter as the Commonwealth American Football League delivered a thriller between the two clubs in the season opener.

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Top four seeds dominate en route to next round

Day one of the Bahamas Lawn Tennis Association’s Giorgio Baldacci Open Challenge Tennis Tournament was highlighted by the performances of the top two players in the men’s singles draw.

AML eyes non-food retail sales 'north of 25%'

AML Foods is aiming for non-food retail sales to comprise “north of 25 per cent of our sales mix”, in the hope that diversification will counter Value-Added Tax’s (VAT) potential impact.

Arawak Cay port rated Caribbean's most productive

THE Nassau Container Port (NCP) has beaten out 24 Caribbean rivals to be rated the region’s most productive port by the Florida Shipowners Group, which handles the majority of shipping flows into the region.