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DPM hails 42% rise in FDI equity inflows
The deputy prime minister yesterday hailed a 42 percent year-over-year increase in foreign investors’ equity investments as confirmation that “The Bahamas’ economic turnaround has begun”.
Sports notes
ROADRUNNERS Track & Field Club is scheduled to host its 7th Annual Diana Lynn Thompson Track & Field Classic on Saturday.
Sports Notes
Three Bahamian juniors played the BSAC Tennis Local Fall Classic this past weekend in Brandon, Florida.
Insurers: Dorian losses increase to $1.5bn-$2bn
Estimates for Hurricane Dorian’s total insured losses were yesterday said to have increased to between $1.5bn to $2bn as the entire Bahamian industry was removed from international “review”. Anton Saunders, RoyalStar Assurance’s managing director, t
SUFFERING ON THE STREET AS HEAT SOARS: Hot weather affecting everyone, but homeless are especially vulnerable
BAHAMIANS of all backgrounds are scrambling for relief from the brutal heat this summer, but for some of the country’s poorest residents, managing the conditions is an existential challenge.
GB Power: ‘16 deficiencies’ in its metering and billing
A well-known Freeport food retailer is now challenging its more than $40,000 monthly electricity bill in the Supreme Court, a move that comes after a report uncovered “16 deficiencies” in Grand Bahama Power Company’s metering and billing practices.
Sports in brief
WITH the Bahamas Softball Federation’s Austin Knowles National High School Softball Tournament completed over the weekend, the attention will now switch to the 2013 National Round Robin Championship series this weekend (October 31 to November 3)
FACE TO FACE: Ginny’s been peddling the recycling message for years - and it pays off
Bahamians throw away more than $1.5 million worth of aluminium cans each year – cans that could have been recycled and that could have brought money back into the country. With that amount of waste going into the landfill, being strewn across beaches, ending up in the sea and becoming litter on roadsides we have every reason to want to do something about it.
Plane goes off runway
THE Air Accident Investigation Authority yesterday reported an incident involving a Flamingo Air Beech 99 aircraft, registration C6-OFM.
Town Planning urged: 'Grab oil exploration by the horns'
A prominent QC yesterday urged the Town Planning Committee "to grab oil drilling by the horns" after it became embroiled in the escalating legal battle over exploration in Bahamian waters.
Bahamas secure hard-fought win over Panama
THE Bahamas men’s national team played with a lot of heart and grit right to the end, securing a hard fought 83-79 victory over Panama in the first of two games at home this weekend as the FIBA Americas World Cup Qualifier continued Friday night at the Kendal Isaacs Gymnasium.
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
Builder defends $20m contract
GOVERNMENT-hired builder Rev Lloyd Smith has defended his construction firm Holiday Industrial Builders International (HIBI) insisting that during the arbitration process, which followed a “politically motivated” contract termination, he pocketed nearly $10 million as there was no evidence that his work did not meet coding standards.
Water Corp ‘pursuing’ capital works finance
The Water and Sewerage Corporation plans to pursue loan and financing programmes to fund capital works throughout The Bahamas after completing its corporate business plan, it was revealed yesterday.
Gov’t critic praises ‘impressive’ Budget
A well-known Government critic has praised the Christie administration for so far living up to its Value-Added Tax (VAT) promises, and starting the process to “move the Bahamas away from the fiscal cliff”.
No VAT prosecutions, as quarterly filers hit over 80% compliance
The Government has yet to bring any prosecutions against delinquent Value-Added Tax (VAT) payers, while confirming last night that more than 80 per cent of quarterly filers had met the April 28 deadline for their first returns.
Ayton dominates in playoff debut
DEANDRE Ayton and the Phoenix Suns made a dynamic return to the NBA playoffs and dominated en route to the franchise’s first postseason win since 2011.
CFL: Karl McCartney continues to excel with the Stampeders
ALREADY with an established reputation as a special teams ace, Karl McCartney continues to excel in his fourth season with the Calgary Stampeders of the Canadian Football League.
No matching Customs duty fall from VAT
Wall Street is not anticipating that the introduction of a Value-Added Tax (VAT) will lead to a matching drop in revenues generated from Customs Duties, a prominent Bahamian accountant believes.
Cybots stop Regulators 93-83 to take 1-0 lead
The Mail Boat Cybots survived a tough battle with Mr Ship It Freight Regulators to secure a 93-83 victory for a 1-0 lead in the New Providence Basketball Association men’s division one championship series.
