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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.

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$80M new BTC network to debut next year

NEWER and more robust internet and landline services are being promised to BTC customers when the corporation’s $80 million New Generation Network (NGN) system fully comes on stream by March of next year, senior officials at BTC revealed during a press tour yesterday.

Bahamas 'poised for growth' via private equity rise

A Bahamian accountant believes this nation’s financial services sector can benefit from forecast growth and capital raising in the global private equity industry, with the SMART fund product helping to “gain traction”.

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Broker 'optimistic' doctors' captive issues resolved

By NEIL HARTNELL Tribune Business Editor A Bahamas-based insurance executive is "optimistic" that differences with the regulator over a captive insurer providing coverage to 70-80 Bahamian physicians

Baha Mar chief: Atlantis 'cannibalise' fear unseen

Baha Mar’s president yesterday said the feared market “cannibalisation” with Atlantis has yet to occur, with Nassau enjoying record arrivals and airlines seeing 80 per cent “load factors”.Graeme Davis reiterated to Tribune Business that the hotel ind

MP: All natural resource earnings in sovereign fund

The Opposition’s finance spokesman yesterday backed the Government’s plan to create a sovereign wealth fund in principle, arguing that it should receive all royalty payments related to exploitation of this nation’s natural resources.

Gas dealers: 50% margin rise to avoid Easter strike

Gas station operators are seeking a 50 percent margin increase and for its calculation to be based on a percentage, as opposed to a fixed amount, amid threats that up to 80 percent of them may strike this Easter weekend.

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Ex-City Markets workers 'losing faith' in courts

Former employees of the now-defunct City Market supermarket chain have “lost faith” in the legal system, a spokesman for the group said yesterday, telling Tribune Business that 80 per cent had still “not received a dime”.

Disney unveils hiring plans for Eleuthera

DISNEY Cruise Line is set to hire 170 full-time Bahamian staff from September 20223 onwards after "more than tripling" the projected number of initial employees.

Credit card capability boosts taxi firm 60%

MasterCard is looking to expand its electronic payment offering among Bahamian “non-traditional” merchants, staring with taxi drivers and straw market vendors, yesterday urging them to “get on board” with the technology or “get left behind”.

Third party politics: Changing of the guard at the Palace of Westminster

The Conservatives have new energy and impetus but are unsure how to respond to the UKIP threat while Labour’s weak, left-leaning leader is an electoral liability. As the starting gun fires on the race to next year’s General Election in Britain Peter Young forsees the end of voting on traditional two-party lines amid the political uncertainties.

Failed broker paid 'excessive' cash to related parties

A Bahamian investment adviser collapsed into insolvency due to “mismanagement” centred on internal conflicts and the payment of “excessive cash” to related parties for client introductions. Ed Rahming, Pacifico Global’s liquidator, told the Supreme

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Insurance cuts Aliv's Dorian cost to $2.5m

Aliv’s subscriber base grew by 20 percent during the final six months of 2019, its top executive revealed yesterday, after the mobile operator shrugged off $2.5m in one-off net Dorian costs. Damian Blackburn told Tribune Business it had “recovered a

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40 new cases of COVID-19, two deaths, one death under investigation on Sunday

The Ministry of Health reported that there were 40 newly confirmed cases of COVID-19, two additional deaths and one death under investigation on Sunday.

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‘Buddy’ returns to the starting lineup

AFTER spending 24 games coming off the bench, Buddy Hield returned to the starting lineup for the Sacramento Kings.

Bahamian connection lifts the Hurricanes to 2-0 in the AFL

THE Bahamian connection for the Holland College Hurricanes lifted the team to 2-0 in Atlantic Football League action yesterday.

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AG: ‘False parallel’ over web shop tax EU fears

The attorney general yesterday slammed as a “false parallel” suggestions that the web shop industry’s tax hikes will violate the European Union’s (EU) anti-tax evasion demands.

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DNA chief: Atlantis deal requires 20% annual profit rise

By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE management agreement between Kerzner International and Atlantis' new owners requires the Paradise Island resort to increase profits by up to 20 per cent each year, Democratic N

RESULTS: Bunny Levarity National Basketball Tournament

HERE is a look at the games played in the Bahamas Basketball Federation’s Bunny Levarity National Basketball Tournament at the AF Adderley Gymnasium over the weekend: