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Sarkis: CCA explanation ‘doesn’t pass smell test’

Sarkis Izmirlian is blasting the explanation given by Baha Mar’s contractor for how it obtained his legal papers, later used to cut a nine-figure damages claim to just $30m, for “failing to pass the smell test”.

Cable says Q3 loss no trend

Cable Bahamas yesterday said the $587,000 net loss suffered in the 2015 third quarter was unlikely to develop into a trend, as it blamed the ‘red ink’ on unanticipated delays in the mobile licence bidding process.

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Hield held below 10 points, Sooners lose

HOUSTON, Texas — Kris Jenkins was caught in midair as he tried to draw a foul and just as he was about to lose the the ball or be called for a travel, he hurled a desperation three that fell through the bottom of the net to put the Wildcats up by 40.

Minister’s ‘trepidation’ over financial service

A Cabinet Minister yesterday admitted to “trepidation” over whether the Bahamas’ service levels could match the promises and content of a recent financial services promotional tour.

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Laing: Immigration can boost economy

FORMER State Minister for Finance Zhivargo Laing believes that the country should look at its immigration policy as a means of bringing new economic injection in The Bahamas.

Social services project aims to help people ‘rise’

AFTER years of planning and research, the Department of Social Services’ Conditional Cash Transfer project is now a reality following the launch of the Ministry of Social Services’ RISE public relations campaign yesterday.

Carnival chief stands by $50m GDP impact

Bahamas Junkanoo Carnival’s chairman yesterday stood by his projection that the inaugural festival increased Bahamian gross domestic product (GDP) more than $50 million, with the event having a direct economic impact of $19 million.

BOB losses slash NIB income 66%

The National Insurance Board (NIB) suffered a two-thirds cut in total comprehensive income for 2014, due almost entirely to its share of Bank of the Bahamas’ near $69 million net loss.

Business Licence slash unlikely until 2016-2017

The Tax Coalition’s chairman yesterday said he took government pledges to review Business Licence fees during the 2015-2016 Budget preparations “with a grain of salt”, suggesting any changes were at least another year away.

Gov’t urged: ‘Think through implications’ of compliance plans

The Chamber’s chairman yesterday questioned whether the Government had “thought through the practical implications” of how its enhanced tax compliance measures would work.

Fly fishing association wants rethink on regulatory body

THE Abaco Fly Fishing Guides Association has formally requested that the Department of Marine Resouces move away from the idea of installing the Bahamas Fly Fishing Industry Association as the regulatory body for the industry.

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Clarke sisters know they will have to ‘battle’ on the tennis court

THEY’RE sisters, but sooner or later Sydney and Sarai Clarke know that they will have to face each other on the opposite side of the net in a tennis march.

EDITORIAL: Digging a hole ever deeper at NIB

IN today’s Tribune, we reveal the scale of losses to the National Insurance Board due to the COVID-19 pandemic. What we cannot reveal is what anyone is doing about it.

Sanctions harm Bahamas

Prime Minister Philip “Brave” Davis’ pleas to Washington, DC, to lift sanctions on the Nicolás Maduro administration in Venezuela seems to have fallen on deaf ears, judging from a recent press release by the US State Department. Maduro has been president of that South American country since 2013. His government can now be classified as a dictatorship. Venezuela has the largest oil reserves in the world.

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20% poverty gap reduction target

A comprehensive overhaul of the Bahamian social security system could cut poverty rates by 5 per cent, and slash the poverty gap by 20 per cent, an Inter-American Development Bank (IDB) report has forecast.

Federer, Nadal and Williams sisters advance

By ANDREW DAMPF AP Sports Writer ROME (AP) -- Fresh off a title in Madrid and back at No. 2 in the rankings, Roger Federer defeated Carlos Berlocq 6-3, 6-4 in his opening match at the Italian Open yesterday. Seeking to win one of only three Masters 1000 e

Nadal beats Ferrer for 7th Barcelona Open victory

BARCELONA, Spain (AP) -- Rafael Nadal became the first player in the Open Era to win two tournaments seven times after beating David Ferrer 7-6 (1), 7-5 in Sunday's Barcelona Open final. The second-ranked Nadal's 21st straight victory on clay followed up h

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GDP boost from raising Bahamas' 60% net access

GDP boost from raising Bahamas' 60% Net access By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net LESS than 60 per cent of Bahamian homes have Internet access, the Bahamas Telecommunications Company's (BTC) chief executive has said

Bahamasair facing $1m hangar upgrade

Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-

Bahamasair facing $1m hangar upgrade

Bahamasair facing $1m hangar upgrade By NEIL HARTNELL Tribune Business Editor Bahamasair's 2012-2013 government subsidy requirement has not yet been determined due to a number of unknowns, including a likely $1 million spend to upgrade its main 50 year-