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Bahamas bounce back, rout El Salvador 86-57

After losing their opener to host Puerto Rico, the Bahamas national team rebounded to take their frustration out on El Salvador at the FIBA Under-17 Centrobasket Championships. In their opener on Wednesday at the Roberto Clemente Coliseum in San Jua

NPBA: Giants, Mingoes in win column

THE Commonwealth Bank Giants and the University of the Bahamas Mingoes won the New Providence Basketball Association men’s division one double header played at the AF Adderley Gymnasium on Monday night.In the opener, the Giants routed the Caro Contra

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Home owner tax breaks to aid 80% of new starts

AN ex-Bahamian Contractors Association (BCA) president yesterday hailed the Prime Minister’s home ownership tax breaks package for potentially boosting 80 percent of new construction starts, and said: “Better late than never.”

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Dirty money - The biggest policy failure of all

THE Central Bank’s former chief enforcer says the US and UK are the biggest recipients of “dirty money” and suggests racial bias against countries like The Bahamas in anti-money laundering (AML) programmes.

Bahamas must target 70% cruise visitor ratio

A well-known hotelier says The Bahamas must do a better job on cruise passenger “conversion” and increasing the number of resort rooms if it is to maximise tourism’s economic benefits.

Nesbitt and team claim title in Brazil's pro league

NATIONAL team member David Nesbitt claimed his second consecutive Novo Basquete Brasil (NBB) championship in as many years.

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GB Power: 80% of Freeport grid survives Dorian

Grand Bahama Power Company’s (GBPC) chief executive said the restoration of customer supply would begin yesterday evening after 80 percent of its Freeport grid infrastructure survived Hurricane Dorian. Dave McGregor, the utility’s chief executive, c

Chamber chief ‘can’t see’ Hawksbill Creek breach via ‘back door’

The Grand Bahama Chamber of Commerce’s president yesterday rejected assertions that Freeport’s new ‘tax breaks’ regime was a “back handed” attempt by the Government to amend the Hawksbill Creek Agreement.

$80m Baha Mar funds may have been ‘killed’

The $80 million financing facility created by Sarkis Izmirlian to cover Baha Mar’s Chapter 11 operating expenses may have effectively been ‘killed at birth’ by the outcome of yesterday’s Supreme Court hearing, Tribune Business can reveal.

Lawyer: We must act now on climate change

WITH The Bahamas recognised as one of the most vulnerable countries to rising seas that could swallow up to 80 per cent of the land mass of the islands by the end of the century, a leading environmental consultant and attorney is calling for “immediate radical action” to stem the tide of climate change.

Permit roadblocks to Baha Mar’s $80m Chapter 11 financing

Baha Mar faces further Government roadblocks even if it obtains Supreme Court recognition of the Chapter 11 bankruptcy protection, as it has yet to obtain necessary Bahamian approvals for the $80 million financing facility created by its principal.

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Bobby Brown headlines the Jingle Ball

FORGET Santa Claus, ‘80s R&B superstar Bobby Brown is coming to town.

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Long Island bananas: 80-90% destruction

While Long Island farmers likely lost 80-90 per cent of their banana crop due to Hurricane Sandy, Tribune Business was told yesterday, but many homes and businesses were likely to be “back to normal in a few days”.

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Sailing for science

OFFICIALS yesterday praised the STEM for the Oceans programme that hosted 80 students and others on board the world’s largest cruise ship, calling the initiative something that speaks to the bright future for Bahamian natural resources.

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NHI will cost you $15-$80 a month

THE government is “revamping” National Health Insurance to focus more on catastrophic care with the introduction of the BahamaCare Plan and expects a contributory plan of $15 to $80 per month to fund it.

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80 to 100 voluntary job cuts offered at Water and Sewerage

THE Water and Sewerage Corporation is considering offering 80 to 100 voluntary separation (VSEPs) packages to employees as it looks towards “right-sizing,” according to Executive Chairman Adrian Gibson.Saying that plans are now underway to have the p

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BISX-listed Fund eyes restart for dividends after 15-year gap

The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.

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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

Sports in brief

THE Island Luck Pros punched the right numbers and the PJ Stingers were stinging as the two teams pulled off big victories at the AF Adderley Gymnasium on Monday night as the New Providence Basketball Association continued its regular season.

‘Complete disaster’ for 2,026 Baha Mar workers

The Government’s Baha Mar ‘liquidation strategy’ was yesterday branded “a complete disaster” by a former Board director, after the Supreme Court authorised the termination of 2,026 employees.