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U-turn on duty cuts for paint, drinks

AFTER protest from local manufacturers and criticism from the Official Opposition, the Minnis administration has decided to reverse its planned duty reductions on paint and fruit drinks.

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BPL board authorised to fire staff as theft probe increases to $4m in total

MINISTER of Works Desmond Bannister said yesterday he has authorised the board at Bahamas Power and Light to “take the necessary steps” to remove persons from the company in relation to the millions of dollars that have allegedly been stolen.

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Govt considering laws to let women with cancer gene keep insurance

HEALTH Minister Dr Duane Sands said he is looking at how best the government can draft legislation to prevent persons who test positive for the BRCA 1 and BRCA 2 gene mutations, which increase a woman’s chances of developing cancer, from being denied health insurance.

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UPDATED: Nottage is ‘gravely ill’ in hospital

FORMER Minister of National Security Dr Bernard Nottage was in a “very troubling and grave state” in the Intensive Care Unit at Doctors Hospital up to press time, according to Progressive Liberal Party chairman Bradley Roberts.

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Vendor defensive at $8m questions

JOHNATHAN Ash, who received more than $8m for hurricane related clean-up exercises in New Providence according to Prime Minister Dr Hubert Minnis, was irate when asked about matters related to those revelations yesterday.

Economy ‘floundering’ as no State Sector Act

The Bahamas’ economic growth will continue to “flounder” unless it passes a State Sectors Act to combat recently-disclosed public spending controversies, a governance reformer warned yesterday.

Caribbean Bottling’s $500k investment hit by tariff slash

Caribbean Bottling’s $500,000 investment in the July launch of a new juice drink line has been jeopardised by the Government’s Budget tariff cuts, its top executive said yesterday.

Aquapure fears 20-30% juice drink share slash

An Aquapure executive yesterday estimated its Tampico fruit punch will suffer a 20-30 per cent market share loss from the Government’s revised tariff cuts, but agreed: “It’s not as bad as it could have been.”

$32m insurance payout prospects ‘almost zero’

The former Christie administration ceased paying the annual $900,000 premium to the Caribbean Catastrophe Risk Insurance Facility (CCRIF) after it was advised that the likelihood of ever receiving a payout was “almost zero”.