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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

The destruction of Jumbey village

The destruction of Jumbey village "NO, I can't believe it - that can't be true!" This was Coconut Grove MP's Ed Moxey's shocked reply in May 1974 when a news reporter called to ask what he thought of a report that government had planned to build a repli

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GB power lays-off 19 over steam phase-out

Grand Bahama Power Company yesterday made 19 staff redundant as part of a restructuring designed to “retire” its steam generation plant, a senior executive telling Tribune Business the engines at its new $80 million power plant were up to four times’ more efficient.

Doctors chief: Non-COVID patient care ‘under threat’

Doctor’s Hospital’s top executive yesterday warned that care for non-COVID patients is “under threat” as pandemic sufferers drive bed occupancy levels at its main hospital to near 80 percent.

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Cleaning up Over-The-Hill

THE third phase of the Over-the-Hill programme’s clean up campaign took place over the weekend, with 80 people and 20 heavy duty companies working to remove litter in the Nassau Street and Collins Avenue areas.The effort saw cooperation between the D

STATESIDE: The changing faces of today’s America

THE government has announced that preparations are well underway for the next Bahamian national census. An estimated 119,000 households are due to be surveyed over the first three months of 2022. Ho-hum?

Banks to ‘double’ VAT recovery.... to just 10%

The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.

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.

Arawak Port 'leads way' on technology

The Arawak Port Development Company (APD) is “leading the way” with new technology after it became the first port in the Caribbean to implement industry-leading software for marine terminals.

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DIANE PHILLIPS: Take to the streets - Moms Lives Matter too

There’s a potential major movement that hasn’t attracted a blaring headline or, come to think of it, a single official member yet. But you can feel its rumblings stirring. Even if it got fully organized, even if it huffed and puffed and built numbers and momentum, its members would be mostly selfless, well-behaved people who would never incite a fuss, let alone stage a riot, take to looting or toss hand grenades. They’d probably be cleaning, polishing and storing the ammo.

Insurers projecting $30-$35m Sandy losses

Bahamas First’s president yesterday estimated that Hurricane Sandy would generate $30-$35 million in total insured losses for the Bahamian property and casualty market, with both his company - and the overall industry - looking at sums equivalent to “50-60 per cent” of Irene levels.

‘Breath of fresh air’: 150k cruise arrivals over Xmas

The Downtown Nassau Partnership’s (DNP) co-chair yesterday hailed the increase in cruise ship traffic as a “breath of fresh air” for business with close to 150,000 passenger arrivals forecast for Christmas week.

$2bn current deficit not so problematic

The Bahamas’ annual $2 billion current account deficit is “not as fickle” as many outsiders think, a former finance minister yesterday pointing out that this was traditionally balanced by foreign capital inflows.

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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Tributes paid for iconic journalist Ed Bethel

TRIBUTES continued to pour out for veteran journalist Eldred “Ed” Bethel yesterday, with the Free National Movement and Broadcasting Corporation of The Bahamas remembering the media legend.

‘Nothing to celebrate’ on $99m borrowing

The Opposition yesterday argued there was “nothing to celebrate” in the Christie administration’s revelation that it is only borrowing $99 million to fund the 2016-2017 fiscal deficit, its finance spokesman saying it had over-burdened Bahamians with taxes to achieve this.

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

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’s Cuba, Haiti return covers local ‘shortfall’

Bahamasair’s managing director last night said holiday bookings for travel to the US are producing 60 percent load factors “and climbing”, adding: “Anything is a big boost.”