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Bahamas oil well creditors accept 84% debt hair-cut

Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.

80% Parliament backing needed for spending rise

Fiscal Responsibility legislation must “make it extremely difficult” for the Government to exceed Budget spending forecasts, an outspoken businessman yesterday demanding that any increase require at least 80 per cent Parliamentary approval.

40 to 80 percent 'show no symptoms of dengue'

ABOUT 40 to 80 percent of people show no symptoms of dengue, with most of the recently confirmed 100 cases confined to the inner city in New Providence, according to officials from the Ministry of Health and Wellness on Friday.

GB Power: $80m plant to further lower outages ‘cut in half’ during 2011

Grand Bahama Power Company’s (GBPC) $80 million West Sunrise plant has started operations with a workforce that is 92 per cent Bahamian, the monopoly power provider yesterday saying it would further improve reliability following a year in which outages were “cut in half”.

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Competition fearson Super Value's City Markets 'deal'

RIVAL food retailers have voiced fears that allowing Super Value to acquire City Markets' remaining stores would create a "virtual monopoly" in the New Providence supermarket business, with an estimated 60-80 per cent market share.

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80% of Dorian-hit assets uninsured

Up to 80 percent of private homes and businesses devastated by Hurricane Dorian were uninsured, the deputy prime minister revealed yesterday, creating an unsustainable burden for the state.K Peter Turnquest, opening the annual Accountants Week confer

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'Mother' Pratt calls for Draconian measures to curb violence

URBAN Renewal Co-chair Cynthia “Mother” Pratt said yesterday that the government needs to pass “draconian laws” in order to effectively combat the incidents of violent crime and murder that plague the country.

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Jones returns home after stint in the WCBA

FREEPORT, Grand Bahama – For basketball superstar Jonquel Jones, the importance of representation of Bahamian women at the elite levels of the sport will continue to pay dividends as a younger generation has more examples of success to look to for inspiration.

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Jonquel Jones scores 30, grabs 17 rebounds in win

JONQUEL Jones delivered another dominant performance for Bosnia and Herzegovina in the FIBA Women’s EuroBasket 2023 Qualifiers.

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Leaks blamed as rationing continues

A YEAR and a half after agreeing to pay a foreign company more than $80 million to reduce water losses, the Water and Sewerage Corporation is now experiencing a “significant” increase in leakage, general manager Glen Laville admitted yesterday.

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Investigation into missing funds nears completion

DEPUTY Police Commissioner Leamond Deleveaux said police are 80 per cent complete with their investigation into funds allegedly misused during the small home repairs programme under the Minnis administration.

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Record-setting day in BLTA ‘Play Tennis Bahamas’ programme

THE Bahamas Lawn Tennis Association’s (BLTA) ‘Play Tennis Bahamas’ programme continues to bear fruit as the association welcomed approximately 80 kids on Saturday.

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BDOCS 2022 annual report tabled in House

THE Bahamas Department of Correctional Services’ Internal Affairs Unit investigated 56 reports of alleged misconduct involving prison officers in 2022, with disciplinary action happening in nearly 80 per cent of the matters reported.

$357,000 of repairs approved for 37 Sweeting Cay Homes

THE Disaster Reconstruction Authority has approved some 37 homeowners on Sweeting’s Cay for nearly $360,000 of repair assistance under the Small Homes Repair Programme.

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‘Do or die’: Jones has another double double

Grand Bahamian Jonquel Jones posted another double-double to help Bosnia and Herzegovina win their first playoff game to stay alive in the FIBA Women’s EuroBasket Championships.

70 to 80 correctional officers 'still waiting on promotions'

DESPITE 110 correctional officers being promoted to corporals this week, the Correctional Officers Staff Association estimates that many more await their awards.

Labour director sees outsource dispute rise

The Director of Labour says employee outsourcing by Bahamian companies has provoked a number of disputes, particularly in the financial services and hotel industries.“There have been a number of matters from trade unions that had a small pocket of th

Labour leader Alexander Thompson dies

ALEXANDER Thompson, a prominent figure in the Bahamian labour movement, died yesterday morning. He was 80.

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Pinder hosts small business symposium

FOR four weeks, more than 80 Elizabeth constituents gathered at Vision of Hope Cathedral Church of God and Thelma Gibson Primary School for a small business symposium facilitated by their MP Ryan Pinder and small business consultant Mark Turnquest.

Freeport now 'worth $11bn'

The total infrastructure investment in Freeport today is worth $11 billion, the Grand Bahama Port Authority’s (GBPA) chairman yesterday saying this exceeded annual Bahamian GDP and “could not be replicated.