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Insurers: Dorian losses increase to $1.5bn-$2bn

Estimates for Hurricane Dorian’s total insured losses were yesterday said to have increased to between $1.5bn to $2bn as the entire Bahamian industry was removed from international “review”. Anton Saunders, RoyalStar Assurance’s managing director, t

Formal economy 'overpaying' its share of taxes

Poor compliance, caused by corruption, limited accountability and a lack of enforcement, has resulted in the Bahamian formal economy paying a disproportionate share of this nation’s taxes.

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151 new cases of COVID-19, death toll rises to 80

The Ministry of Health reported on Wednesday that there were 151 new cases of COVID-19 and two deaths. One death which was under investigation has now been confirmed as COVID-19 related.

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Players go above the rim

The CI Gibson Rattlers, the winningest school out of New Providence, is on a quest for another title in the 30th Hugh Campbell Basketball Classic.

Dealers chief’s 80% auto import slash

A leading dealer says he reduced new auto imports by 80 per cent during 2015’s fourth quarter, in a bid to align them with a market that has shrunk by more than one-third.

Memories early opening gamble 'now paying off'

A senior tourism official yesterday said Grand Bahama’s Memories resort is forecasting an 80 per cent average annual occupancy rate, arguing that the gamble to open the property before it was 100 per cent complete was paying off.

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WNBA: Jonquel Jones earns Player of the Week honours

JONQUEL Jones concluded May with a season low scoring effort but opened June with season highs in three consecutive games to earn WNBA Eastern Conference Player of the Week honours.

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Stingers top Regulators, 99-87

The PJ Stingers now find themselves in the driver’s seat and could win their first New Providence Basketball Association men’s championship title at the AF Adderley Gymnasium tonight.

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Evans says Aliv will not steal major market share from BTC

BAHAMAS Communications and Public Officers Union President Bernard Evans yesterday dismissed assertions that newcomer Aliv will steal a significant market share from the Bahamas Telecommunications Company, charging that the former’s initial success is merely the result of “restrictions” placed on BTC by regulators to give Aliv “some advantage” to “get in the game”.

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Aliv’s pay-per-second rates aim to cut customer costs

THE Bahamas’ second mobile operator yesterday promised to deliver superior customer service and “phenomenal” plans, as it outlined pay-per second call rates and “no contracts” as key components of its new mobile services offering.

Plane goes off runway

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

Promotion Board president urges 30% stopover focus

The Bahamas Out Island Promotions Board president yesterday urged the nation to near-double the proportion of stopover visitors that make up its tourism base to 30 percent.

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BEC restores power to 80% of affected homes

THE Bahamas Electricity Corporation has restored supply to “approximately 80 per cent” of customers affected by Hurricane Joaquin, officials said yesterday.

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GUILTY AS CHARGED: Conviction rate hits 80% as trial backlog clogs courts system

THE conviction rate for serious offences has increased to almost 80 percent, Attorney General Carl Bethel said yesterday.

Mixed fortunes for Bahamian pro basketball players in Europe and South America

This week produced varying results for Bahamian pro basketball players as their postseason runs continued in their respective leagues throughout Europe and South America.

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‘Didn’t we do this last week?‘

THE Official Opposition has been suspended from Parliament for two House sessions.

NPBA: Shockers hold off Abaco, Pirates top Eagles Nest

IN a high scoring game on Monday night at the AF Adderley Gymnasium, the JD’s Seafood Shockers held off the Abaco Strong 103-99 in the NPBA men’s division one feature contest. The division II opener saw the Asphalt Maintenance Pirates secure an 89-8

Venture fund sees loan repayments drop 16%

The Government-sponsored venture capital fund has seen loan repayment sums fall by up to 16 percent due to the COVID-19 pandemic's devastating impact on clients who received debt financing.

Bahamas First suffers $6.5m bottom line hit

BAHAMAS First Holdings' (BFH) chief executive yesterday expressed concern about the "unprecedented" level of fire claims the general insurance group incurred in 2011, telling Tribune Business that together with Hurricane Irene-related losses these produced a collective $6.5 million bottom line hit.

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Vendors exceed expectations at Royal Caribbean workshop

Royal Caribbean yesterday said the first Royal Beach Club workshop for potential Bahamian food and beverage, retail and artisan partners exceeded expectations by attracting around 70-80 attendees.