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Opposition demands BPL load shed clarity
The Opposition's leader is arguing the Government's failure to build on the Bahamas Power & Light (BPL) reform strategy that it left in place is likely responsible for the utility's renewed resumption of load shedding.
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Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
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Taxable transactions plunged by $1.26bn at COVID's peak
Taxable goods and services transactions plummeted in value by $1.264bn during the COVID pandemic's peak due to lockdowns and other economic restrictions, it has been revealed.
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Bahamas Games tennis: Wins for Andros, New Providence and Grand Bahama
DAY one of the tennis competition in the Golden Jubilee Bahamas Games at the National Tennis Centre saw some exciting matches as Andros, New Providence and Grand Bahama all prevailed in their team matches.
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'Far from over' on Royal Caribbean PI project
A former Bahamas National Trust (BNT) executive says environmental advocates were able to make "progress" in raising their concerns at last week's hearing on Royal Caribbean's Paradise Island project, adding: "This is far from over."
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Petroleum retailers agree to 'phased in' margin increase
Bahamian petroleum retailers yesterday said they will accept a "phased in" 30 cent per gallon margin increase as they urged the Prime Minister to meet with the sector this week "to put this baby to sleep".
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PI Wendy's: Bank restriction expired almost 50 years ago
The only firm restriction governing how the disputed ex-Scotiabank location on Paradise Island can be used expired almost 50 years ago in 1975, Tribune Business can reveal.
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'Why I don't care to see Gov't takeover of GBPA'
A Bahamian investor has highlighted the contrasting treatment his project received in Nassau and Freeport to explain why he "does not care to see the Grand Bahama Port Authority (GBPA) fall into the Government's hands".
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Crawfish oversupply to hit local fishermen
A Bahamian seafood processor yesterday confirmed that a global over-supply of lobster is driving relatively low prices for local fishermen at the opening of crawfish season.
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Ex-Sky chief blasts 'travesty of justice'
Sky Bahamas principal yesterday slammed as "a travesty of justice" a Supreme Court ruling that ordered the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA).
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Dorian 'hangover' cuts outlook for the Summit
A Bahamian insurer yesterday voiced optimism it will soon break free of its "Hurricane Dorian hangover" and escape any potential downgrade by the industry's main creditworthiness assessor.
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BPL: 8% 'crazy growth' in New Providence
A senior Bahamas Power & Light (BPL) executive yesterday said the utility had seen "crazy growth" in customer demand over the summer with New Providence's peak load increasing by 8 percent year-over-year.
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Moody’s: Govt must broaden revenue
Moody's yesterday asserted that hitting the Government's fiscal targets "rests on broadening the revenue base" as a prominent banker urged the administration: "Stop saying no new taxes."
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'Particularly concerning': Imports expand 10x faster than exports
The Bahamas Trade Commission's chair yesterday said it was "particularly concerning" that this nation's imports have increased "ten-fold" compared to export growth with the country's National Trade Policy set for imminent release.
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FNM chief: Ensure GB still perceived as 'fertile ground'
The Opposition's leader yesterday called on the Government to urgently dispel any notion that PharmaChem Technologies' "devastating closure" was caused by local ease of doing business impediments.
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Deficit's 75% cut hinges on $400m revenue surge
The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.
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FTX Bahamas liquidators not 'nuked' from reversal
The Bahamas' status as a non-nuclear power did not influence the decision to refuse FTX's local liquidators relief from the worldwide asset freeze imposed by Chapter 11 bankruptcy proceedings, a Delaware judge has asserted.
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NIB rate increase called 'absolute balancing act'
A senior hotelier yesterday urged the Government to be "judicious" with the size of future National Insurance Board (NIB) contribution rate increases as he described the situation as "an absolute balancing act".
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RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
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Bahamas ‘tops’ 5m visitors to end-June
The Ministry of Tourism's top official yesterday disclosed that visitor arrivals breached the five million mark for the 2023 half-year although higher-yielding stopovers and air arrivals remained slightly down on 2019's "banner year".
