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AG’s Office: We bungled Blackbeard’s Cay appeal

The Attorney General’s Office has admitted that the Government’s appeal over the $8 million Blackbeard’s Cay project was thrown out because it was asleep on the job.

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BTC to complete Abaco cell overhaul in mid-May

THE Bahamas Telecommunications Company (BTC) is set to complete its wireless system overhaul on Abaco and the northern Bahamas by mid-May, giving customers improved cellular service, including faster speeds for downloads and browsing on smart phones.

URCA 'u-turn' over third cellular player

URCA 'u-turn' over third cellular player By NEIL HARTNELL Tribune Business Editor The Bahamian communications regulator has reversed course by deciding not to reserve space in the key 700 MHz radio frequency spectrum for a third cellular operator, while

BTC profits slump 26.4%

The Bahamas Telecommunications Company (BTC) suffered a 26.4 per cent profits slump for the year to end-March 2015, as its revenues and staffing levels came under pressure in the run-up to mobile liberalisation.

Likely 45-54% CLICO recovery on key asset sale

By NEIL HARTNELL Tribune Business Editor CLICO (Bahamas) and its creditors are likely to recover only between 45-54 per cent of the insolvent insurer's investment in its largest asset, Tribune Business can reveal, as its liquidator gears up to fight the

Outrage over UK's 8% 'airlift tax' rise for the Caribbean

Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012

OUTRAGE OVER UK'S 8% 'AIRLIFT TAX' RISE FOR THE CARIBBEAN

Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012 increasing airlift (access) costs to the Bahamas for Europe

Outrage over UK's 8% 'airlift tax' rise for the Caribbean

Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012

Outrage over UK's 8% 'airlift tax' rise for the Caribbean

Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012

Outrage over UK's 8% 'airlift tax' rise for the Caribbean

Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012

Outrage over UK's 8% 'airlift tax' rise for the Caribbean

Outrage over UK's 8% 'airlift tax' rise for the Caribbean Caribbean hoteliers yesterday expressed outrage over the UK's decision not to change its Air Passenger Duty (APD) banding structure, with the 8 per cent increase set to be imposed from April 2012

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Atlantis eyes 100k extra room nights in Marriott tie-up

Atlantis is hoping its 10-year franchise deal with Marriott International will generate an extra 50,000-100,000 room nights per year, its top executive describing the agreement as “the most significant tourism stimulus for the Bahamas this decade”.

'POSSIBLE FRAUD' ON $600 -$700K OVERPAYMENTS

By NEIL HARTNELL Tribune Business Editor "Possible fraud" and collusion resulted in $600,000-$700,000 overpayments to contractors working on a $33.5 million landfill project part-funded by the Government, the Auditor-General disclosing that he had recomm

'POSSIBLE FRAUD' ON $600 -$700K OVERPAYMENTS

By NEIL HARTNELL Tribune Business Editor "Possible fraud" and collusion resulted in $600,000-$700,000 overpayments to contractors working on a $33.5 million landfill project part-funded by the Government, the Auditor-General disclosing that he had recomm

'POSSIBLE FRAUD' ON $600 -$700K OVERPAYMENTS

By NEIL HARTNELL Tribune Business Editor "Possible fraud" and collusion resulted in $600,000-$700,000 overpayments to contractors working on a $33.5 million landfill project part-funded by the Government, the Auditor-General disclosing that he had recomm

Robin Hood chief still eyeing $5-$8m eastern build-out

By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes

Robin Hood chief still eyeing $5-$8m eastern build-out

By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes

Robin Hood chief still eyeing $5-$8m eastern build-out

By NEIL HARTNELL Tribune Business Editor Robin Hood's president is eyeing a career move into real estate development via a further $5.5-$8 million build-out of the former retailer's Prince Charles Drive site, telling Tribune Business he had "five interes

Kosoy, Sterling eye Hurricane Hole deal

David Kosoy’s Sterling Global Financial is in negotiations to acquire Paradise Island’s Hurricane Hole property from Atlantis’s owner, Tribune Business can reveal.

JUST 17% OF POOR GETTING BENEFITS

By NEIL HARTNELL Tribune Business Editor Less than 17 per cent of poor Bahamian households are receiving social security benefits, an Inter-American Development Bank (IDB) report highlighting a dysfunctional welfare system that is failing to reach those