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Banks see 30% profits increase

Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.

Property tax cap up 25% to hit $150,000

Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.

Coral restoration drive to boost ‘blue’ economy

The Ministry of Tourism yesterday partnered for a coral reef restoration drive that aims to boost sustainable tourism and the 23 percent of Bahamian economic output generated by the ocean economy.

Carnival ‘spruce up’ for 50% passenger growth

A senior Carnival executive yesterday said the cruise giant plans to “spruce up” Princess Cay, adding that the Eleuthera-based private island needs “quite a bit of love”.

Nassau/PI hotels see 35% ‘business on books’ jump

Nassau/Paradise Island hotels are eyeing a 35 percent year-over-year increase in “business on the books” for 2023, it was disclosed yesterday, with “loaded” airline seats through June also up on 2022.

Gender Violence Bill 98 percent complete

SOCIAL Services Minister Obie Wilchcombe said the Gender Violence Bill is 98 per cent complete.

Downtown ‘catalyst’ beats goal by $11m

The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.

Small Business Centre invests $800k in female entrepreneurs

The Small Business Development Centre’s (SBDC) executive director yesterday said it has invested $800,000 in in female entrepreneurs via 87 grants.

Nassau Cruise Port joins with the dignified girl project to donate feminine products to four groups

IN celebration of International Women’s Month, the Nassau Cruise Port partnered with the Dignified Girl project to donate 300 bags filled with essential feminine products to four organisations on Friday.

‘VJ’ Edgecombe and Donovan Freeman fall to east 88-86

BAHAMIANS Valdez “VJ” Edgecombe and Donovan Freeman took the court for the 2024 McDonald’s All-American Game at the Toyota Center in Houston, Texas on Tuesday.

Charities asked: Do you hold any of FTX’s $5.4m?

FTX’s Bahamian liquidators are “liaising” with local charities and non-profits over the collective $5.4m in donations they received from the collapsed crypto exchange to determine if they still hold any of these funds.

Taxi union chief wants 'hustlers at dock' end

The taxi union's president says the industry is seeking to shed its "hustlers at the dock" image after several drivers protested over the Nassau Cruise Port's new call-up system and police efforts to enforce it.

Plane used for mail flights to Bahamas has a grisly history

A TURBOPROP plane once used to deliver mail to The Bahamas from Florida has been revealed to have had a grisly history – with political detainees in Argentina having been thrown from the vehicle to their deaths during the country’s 1976-98 military dictatorship.

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