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Cat Island 'going to get whole hog'
Government officials yesterday pledged that Cat Island is "going to get the whole hog" when it comes to airport, roads and utilities upgrades and investments.
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Terrence Jones in NCAA 200m final
AFTER missing out on the opportunity to advance in the men's 100 metres, Terrence Jones made sure he secured his berth into the final of the 200m at the National Collegiate Athletic Association (NCAA) Outdoor Championships.
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Businesses awaiting Budget with 'anxiety'
Bahamian business owners yesterday admitted to feeling "some anxiety" over today's Budget as the Davis administration was urged to prioritise ease of doing business reforms to generate faster economic growth.
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Marina chief: Fee rise now 'makes way more sense'
A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.
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'Can't tax Bahamas into better health'
Caribbean Bottling Company's top executive yesterday warned "you cannot tax a country into good health" amid private sector fears that a so-called 'sugar tax' will be a “poison pill” for small business.
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BPL chief: ‘Under recovery’ behind soaring energy bills
Bahamas Power & Light's (BPL) chief executive yesterday confirmed that soaring energy bills have resulted from previous policy decisions to hold the utility's fuel charge at an artificially-low 10.5 cents per kilowatt hour (KWh).
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Funeral homes: Regulation requiring ‘proper structure’
Bahamian funeral homes yesterday said the Government's plans to introduce a regulatory framework for the industry must create "a proper structure" that only permits persons with the required qualifications to practice.
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Central Bank's $9m HQ hit 'wasteful and absurd'
The Opposition's finance spokesman yesterday slammed the decision to cancel the Central Bank's new headquarters project as "absurd", arguing it was "an ideal project" for providing a post-COVID economic boost.
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20% of Gov'ts fixed costs go to debt bill
One out of every $5 spent by the Government on its recurrent costs during the upcoming 2023-2024 fiscal year will go towards paying the $612.726m interest bill on its outstanding $11bn-plus national debt.
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FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
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DIESEL SALES HALT TO LAST UNTIL MARGIN RESOLUTION: However, sites owned by FOCOL continue to make fuel available
Bahamian petroleum retailers have "no intent to disenfranchise the motoring public", their president asserted yesterday, as he warned that the halt to diesel sales will "go on until such time" as their plight is resolved.
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Poor utilities spark bad tourist reviews
A Family Island hotelier says poor utility services have resulted in negative guest reviews of their Bahamian vacation experience.
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Air traffic optimistic on industrial deal signing
Bahamian air traffic controllers say they will be signing an industrial agreement shortly after major issues in the contract negotiations were resolved.
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Fire services, volunteers tackling four fires in Abaco
ABACO Fire services and volunteers are working to contain four separate fires in the Marsh Harbour and Spring City areas, forcing the closure of a section of the island's main road today.
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A new giant
ActivTrades
The chip company, Nvidia, is benefiting massively from the boom in artificial intelligence (AI). The boom in AI gives the chip and graphics card manufacturer a boom in orders. The technology heavyweight's stock rose by almost 30 percent on Thursday last week. Nvidia trumps Apple's previous daily record on Wall Street.
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Forecast 78% deficit slash 'significant ask'
Achieving current projections of a 78 percent year-over-year cut in the Government's fiscal deficit will be "a significant ask" based on existing trends, a governance reformer warned ahead of today's 2023-2024 Budget.
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Budget deals marinas 'another slap in face'
A former Association of Bahamas Marinas (ABM) president yesterday asserted that the Budget has dealt the industry "another slap in the face" through multiple fee increases for dockage and vessel registration.
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'World has changed': IBCs taxed on foreign earnings
Bahamas-domiciled International Business Companies (IBCs) will have to pay tax on their overseas earnings from New Year's Day 2024 in an historic first for this nation, a senior official confirming: "The world has changed."
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Promotion Board in 67% website visitor increase
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.
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FOCOL aids BPL probe into contaminated fuel
FOCOL’s top executive has confirmed it is assisting Bahamas Power & Light (BPL) with the latter's probe into how contaminated oil rendered one of the latter's North Andros generation engines inoperable for several days.
