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No ‘far-off dream’: On target for 1m tourists
The Bahamas is on target to realise its “far-off dream” of one million stopover visitors in 2021, a top official disclosed yesterday, while hotel rates and tourist spending up on pre-COVID levels.
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Credit union ‘over grading’ migrates to medium risks
Credit unions’ “over-grading” of the financial crime threat posed by customers has gone too far in the opposite direction with the percentage classified as “medium risks” near tripling in 2020.
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Hotels ‘can’t ask for more’ over post-COVID rebound
Bahamian resorts are seeing the high-occupancy Christmas period expand by 50 percent, a top hotelier has revealed, adding of the post-COVID rebound: “We couldn’t have asked for more.”
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Ex-PM slams ‘heartless’ VAT breadbasket return
The former prime minister yesterday slammed the Davis administration’s decision to eliminate VAT-free breadbasket food items and medicine as “heartless and disgraceful”.
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‘Standard bearer’ bank put into administration
A Bahamian bank, whose new owners pledged it would be “a standard bearer” for the jurisdiction just eight months ago, has been placed under statutory administration by the Central Bank.
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PM opens Baha Mar Hoops Pink Flamingo Championship
THE Baha Mar Hoops Pink Flamingo Championship opened yesterday with four national Division I women’s programmes in action on day one.
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Ex-Parks chairman blasts PM’s ‘unfounded’ claims
The Bahamas Public Parks and Beaches Authority’s former executive chairman last night said he “resents” accusations levied against him by the Prime Minister and branded them “unfounded”.
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Davis says former govt planned to go to 15 percent
WHILE outlining plans to steer the country in a new direction, Prime Minister Philip “Brave” Davis insisted the former government planned to increase value added tax to 15 percent.
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Phones ‘ringing off hook’ for Thanksgiving rooms
Phones are “ringing off the hook” for one Family Island hotel which is already fully booked for the upcoming Thanksgiving holiday weekend, its proprietor said yesterday.
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‘15 percent VAT was not considered’
FORMER Prime Minister Dr Hubert Minnis yesterday said his administration never considered increasing value added tax to 15 percent and in fact never saw the International Monetary Fund report which said such an increase might be necessary.
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Fidelity eyes $21m-$22m profit following ‘overshoot’
A BISX-listed bank is targeting full-year net income of $21m-$22m after its exceeding its budgetary target during the first nine months of 2021, its chief executive revealed yesterday.
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Man found dead at wheel of his car
POLICE are investigating after a man was found shot dead in the driver’s seat of a running car on Hospital Lane last night.
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PM: VAT refunds were disguised to blame PLP
The Prime Minister yesterday accused the former Minnis administration of disguising millions of dollars in VAT refunds as unpaid “arrears” that could be blamed on a former PLP administration.
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‘Make all visitors take PCR not antigen test’
FORMER Health Minister Dr Duane Sands believes the government should move away from rapid antigen testing and instead require all travellers seeking to enter the country to produce a negative RT-PCR test in response to heightened concerns over the Omicron variant.
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‘Rolling with the punches’ over retail make or break
A Bahamas Federation of Retailers co-chair yesterday reiterated that the Christmas shopping season will be “make or break” for many merchants, adding: “We’re just rolling with the punches.”
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Ex-PM’s VAT attack ‘ignorant’ of advice
The former prime minister’s attack on VAT’s reapplication to breadbasket foods and medicines was yesterday branded “naive” and “ignorant of the advice” given to his administration.
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Gas stations seek margin rise: ‘Our backs are against the wall’
Gas station operators have their “backs against the wall” after returning to 24/7 operations due to the continuing wait for an increase to their price-controlled margins.
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FNM leader ‘will hold govt’s feet to the fire’
NEWLY appointed Official Opposition leader Michael Pintard yesterday pledged to hold the government’s feet to the fire and make legislative recommendations geared towards strengthening the country’s democracy and creating equal opportunities for all Bahamians.
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Fishermen urged to respect Nassau grouper season end
Bahamian fishermen were yesterday urged to respect the Nassau Grouper’s closed season and focus on other species so that fisheries stocks can replenish.
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‘Total devastation’ if VAT was put at 15%
Super Value’s principal yesterday said increasing the VAT rate to 15 percent would have inflicted “total devastation on the economy” with food prices set to rise 10-15 percent in the New Year.