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Governor: Stick to plan for 'credibility'
The Bahamas must “show credibility” by sticking to its medium and long-term fiscal plan despite Hurricane Dorian’s $436m blow, the Central Bank’s governor urged yesterday. John Rolle, pictured, told Tribune Business it was critical that this nation “
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Ayton posts double double in Suns' win over T-Wolves
DEANDRE Ayton’s 2019-20 preseason debut with the new look Phoenix Suns was a dominant one and gave fans an early look at his progression in the offseason.The second year centre finished with 18 points and 13 rebounds in just 21 minutes of the Suns’ 1
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Cruise industry 'accelerates' $455m projects post-Dorian
The cruise industry has pledged to help “broadcast the message that most of The Bahamas is open” after raising $8m for Hurricane Dorian relief and recovery efforts. The Florida-Caribbean Cruise Association (FCCA), in a statement, said its member lin
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Burrows and his team get 100-90 victory in the French Pro League
JARAUN “Kino” Burrows got the best of his former team and led his new club to win in a matchup of LNB French Pro League powerhouses. Burrows’ Aix-Maurienne Savoie defeated Fos-Sue-Mur Provence Basketball Byers 100-90 in Disneyland Paris Leaders’ Cup
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Fisheries loss far more than PM's $11m
Senior fisheries executives yesterday argued that the prime minister’s $11m Dorian damages figure had “significantly” under-estimated the storm’s impact on the sector.Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-chairman, who
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GOING IT ALONE: Chipman abandons FNM dismayed by party politics
MEMBER of Parliament for Centreville Reece Chipman had been contemplating severing ties with the governing Free National Movement to represent the constituency as an independent since January.
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17th IAAF Worlds finalists to get cash
THE Ministry of Youth, Sports and Culture officially congratulated Team Bahamas for its performance at the IAAF World Athletics Championships in Doha, Qatar, and announced monetary awards for each of the three finalists in their respective events.
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Butler's battle over Hayward's trust
The late Sir Jack Hayward’s family trust has become embroiled in a fresh legal battle sparked by the claims of his Bahamian butler, Tribune Business can reveal.
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Dorian’s $430m hit on Treasury
THE deficit for the fiscal year will balloon by more than $430m because of Hurricane Dorian, with the government expecting to spend nearly $230m to recover from the storm while anticipating a revenue hit of about $215m, according to Deputy Prime Minister and Minister of Finance Peter Turnquest.
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'Don't spend before necessary' on Dorian
The Bahamas must not be “aggressive and spend money before we need to” on Hurricane Dorian restoration, a former Chamber of Commerce chairman warned yesterday. Gowon Bowe told Tribune Business it needed to craft a recovery strategy that minimised di
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Nygard’s contempt ruling - again
PETER Nygard was convicted of contempt of court yesterday for breaching an injunction preventing him from publishing emails that were stolen from environmental group Save The Bays.
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Grand Lucayan to re-open Tuesday
The Grand Lucayan resort will re-open on Tuesday, its chairman revealed yesterday, in a move that will return 200 staff to work and seek to narrow the government’s ongoing subsidy.
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Dorian's $436m fiscal blow needs 'tight' rein
The government was last night urged to keep a “tight” rein on post-Dorian recovery after the storm blew an estimated $436m hole in its fiscal deficit target for 2019-2020.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, to
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Grand Lucayan to re-open Tuesday
The Grand Lucayan resort will re-open on Tuesday, its chairman revealed yesterday, in a move that will return 200 staff to work and seek to narrow the government’s ongoing subsidy. Michael Scott, head of the Lucayan Renewal Holdings Board, told Trib
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Govt finances face 3-year Dorian blow
Hurricane Dorian will likely throw the government’s finances off-track for the next three years, the deputy prime minister has revealed, although its fiscal “fundamentals” have not altered.K Peter Turnquest told Tribune Business that a “three-year ru
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Tourism eyes New Year 'bounce back'
The Bahamas is on target for a New Year “bounce back” post-Dorian with first quarter stopover tourists up two to four percent compared to 2019’s record, a Cabinet minister revealed yesterday. Dionisio D’Aguilar, minister of tourism and aviation, tol
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IMF slashes Bahamas GDP growth by 50%
The International Monetary Fund (IMF) yesterday slashed The Bahamas’ 2019 growth forecast by 50 percent, and projected the economy will contract next year, due to Hurricane Dorian.Unveiling its latest World Economic Outlook report, the Fund said this