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Insurers warn on ‘double digit’ auto repair increase

Bahamian insurers yesterday warned they are examining “high double digit increases” in auto repair costs to determine if an increase in motor vehicle premiums is justified over the medium to long-term.

Bank sold despite ongoing legal fight

A Bahamian bank’s sale has been confirmed by its statutory administrator despite his actions, and those of the Central Bank, being subject to a legal challenge that is ongoing before the Supreme Court.

Flowers ordered to pay ex-FML executive $120k

Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.

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Bahamas will ‘fight’ EU, OECD on digital assets

The Bahamas will likely have “to fight” the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) to preserve its digital assets leadership, the Opposition’s leader warned yesterday.

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Bran’s law firm receives $62.5k on Gibson case

The Democratic National Alliance’s (DNA) former leader yesterday accused Adrian Gibson of “costing the Bahamian people an extra $22,500” after the Water & Sewerage Corporation settled the full amount of his law firm’s claim out-of-court.

Electrical retailer in zoning clash with major developer

A major New Providence developer is objecting to an electrical retailer’s bid to rezone five acres it owns near Lyford Cay to commercial, which it argues will aid the property’s sale and fetch a higher purchase price.

A ‘poisoning of the well’ on COVID food initiative

The Opposition’s leader yesterday accused the Prime Minister of committing a “poisoning of the well” by “drip feeding” Bahamians assertions about the COVID food assistance initiative that were not yet supported by evidence.

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$636,000 budget for Royal visit

THE government earmarked $636,194 to honour all expenses associated with their Royal Highnesses‘ visit to The Bahamas in March. However, as of Monday, May 16, approximately 96 percent or $625,186 of the money has been paid out.

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Five weeks of rising COVID cases in region

FOR the past five consecutive weeks the Caribbean has experienced a rise in new COVID-19 infections, according to Pan American Health Organisation Director Dr Carissa Etienne yesterday.

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Teachers: Use wisdom over shutting schools

THE Bahamas Union of Teachers is “closely monitoring” the spread of COVID-19 in public schools, its president Belinda Wilson urging the Ministry of Education to “utilise wisdom” as examinations get underway.

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‘TAX THE RICH’ – Minnis: Charge wealthy property buyers and scrap breadbasket VAT

FORMER Prime Minister Dr Hubert Minnis yesterday suggested that the government increase taxes on wealthy property buyers and eliminate value added tax on breadbasket items to alleviate the burden on struggling Bahamians.

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05182022 EDITION

Wednesday, 18th May, 2022.

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Potter’s Cay vendors given access to repair supplies

AGRICULTURE, Marine Resources and Family Island Affairs Minister Clay Sweeting yesterday said Potter’s Cay Dock vendors affected by a fire last year were provided with letters to access supplies to rebuild their stalls.

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It’s Mangrove Mania - in bid to save forests

ANN Marie Davis, wife of Prime Minister Philip “Brave” Davis, rang the bell to kick-off Mangrove Mania, the first-ever competition aimed at restoring Grand Bahama’s mangrove forests that were severely affected by Hurricane Dorian.

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Ministry holds meetings over school violence issue

EDUCATION Minister Glenys Hanna Martin said her ministry plans to meet with several stakeholders this week to discuss concerns related to school violence and how government plans to respond to the issue.

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ALICIA WALLACE: Back to the office - but is that best?

MOST of us spend more time working than doing anything else. We are trained for this from childhood.

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BOB shedding ‘haunted’ past with 20% growth goal for ‘23

Bank of The Bahamas top executive yesterday asserted it is moving beyond the bail-outs that “will forever haunt” the institution with predictions it will grow this year’s forecast $7m profit by a further 20 percent in 2023.

Shed tax haven label for digital assets win

The Bahamas will lose its position as a digital assets leader and the potential economic “upswing” if it fails to shed its ‘tax haven’ label, a Bahamian financial services provider warned yesterday.

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Gov’ts ‘flat-out concealing’ millions in contract awards

The Opposition’s leader yesterday hit back at the Davis administration for “flat-out concealing” millions of dollars in contracts it has concluded since taking office by failing to comply with the Public Procurement Act.

Water & Sewerage supplier eyes expansion despite $18.5m debt

The Water & Sewerage Corporation’s main supplier is eyeing potential expansion possibilities on New Providence notwithstanding the $18.5m debt that the state-owned utility continues to owe it.