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PM: 40% of VAT money to deficit

Prime Minister Perry Christie yesterday said 40 per cent of the $1.14 billion Value-Added Tax (VAT) revenues has gone towards reducing the deficit, as he gave an accounting designed to end the “grave and nonsensical misconceptions that revenues were being squandered”.

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Another banner year for sports in The Bahamas

IT HAS been another banner year for sports in the country and one of those that stood out in the foreground were the performances of our various teams that competed both locally and on the international scene.

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Bahamas 'not maximising' impact as tourism booms

The deputy prime minister yesterday admitted The Bahamas has failed "to maximise visitor spending", and retain more of this within its economy, despite a "booming" tourism industry whose numbers "have never been better".

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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.

Aliv in ‘phenomenal position’ financially

The Bahamas’ new mobile operator is in “a phenomenal position” financially, having secured $186 million in start-up funding prior to this week’s planned capital raising.

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Tahnaj Thomas to start on the mound opening night

TAHNAJ Thomas will have an opportunity to make an immediate impression on the Pittsburgh Pirates organisation and their lofty expectations for him this season as he progresses to the Appalachian League. According to Tim Hayes of the Bristol Herald C

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Just 50 Baha Mar staff left if no deal

Baha Mar will reduce its workforce to just 50 key employees essential to run a “skeleton operation” if it is unable to resolve the dispute with its Chinese partners by next Monday.

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No injuries as Flamingo Air plane crash lands

A Flamingo Air plane crash landed at the airport in South Bimini on Monday afternoon after the wheel under the right wing collapsed, The Tribune was told.

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Melia raises $90,000 for hurricane relief

THE MELIA Nassau Beach hotel raised more than $90,000 for Hurricane Matthew relief through the Melia CARES (Comforting and Repairing Everyone’s Spirits) initiative coupled with the resort’s employee relief donations.

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Are you cleansing the lens of your perception

If perception makes up 99% of your reality – what then makes up your perception?

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Jonquel Jones posts double double in 84-63 loss

GRAND Bahamian senior Jonquel Jones posted a monstrous double-double of 27 points and 17 rebounds but the No. 22/20 George Washington women’s basketball team dropped a top-25 showdown to #15/10 Stanford 84-63 at the Cardinal’s Maples Pavilion on Saturday.

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Student athletes shine at NAIA, Junior College level

BAHAMIAN student athletes have excelled this season at various levels of collegiate basketball, highlighted by recent performances at the NAIA and Junior College level.

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Shockers, Cybots take early lead in playoffs

The Shockers and Mail Boat Cybots took early leads in their respective series as the New Providence Basketball Association (NPBA) Playoffs got underway Monday night. Both series will continue with game two on Friday.

SAC Big Red Machine off to good start

THE quest for a 24th consecutive Bahamas Association of Independent Secondary Schools (BAISS) Track and Field Championship got off to a promising start for the perennial meet champions after a customary point total on day one. The St Augustine's College B

SAC Big Red Machine off to good start

THE quest for a 24th consecutive Bahamas Association of Independent Secondary Schools (BAISS) Track and Field Championship got off to a promising start for the perennial meet champions after a customary point total on day one. The St Augustine's College B

SAC Big Red Machine off to good start

THE quest for a 24th consecutive Bahamas Association of Independent Secondary Schools (BAISS) Track and Field Championship got off to a promising start for the perennial meet champions after a customary point total on day one. The St Augustine's College B

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UPDATED – Cases count: 16 positive, including exuma woman

THE Bahamas recorded 16 new cases of COVID-19 yesterday, including ten on Grand Bahama and five on New Providence.

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VIDEO: Kenred Dorsett granted $50,000 bail

FORMER Environment and Housing Minister Kenred Dorsett was granted $50,000 bail with two sureties in the Supreme Court on Friday.

‘Far too premature’ for PM to claim VAT success

A well-known businessman yesterday said it was “far too premature” for the Prime Minister to boast about Value-Added Tax (VAT) being successful, accusing him of “gloating” over the hundreds of millions of dollars the tax will suck out of the Bahamian economy.

Foreign shippers ‘snoop around’ Nassau market

Foreign shipping carriers are continuing to “snoop around” and explore whether they want to enter the Nassau freight market, with Maersk facing some potential competition.