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Sebas shuts Aeropost business
SEBAS Bastian last night said his Aeropost logistics business is closing its Bahamas operations because this is the only one of its 30-plus territories “where we did not experience material growth”.
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LETTER: Pintard healing old wounds
Free National Movement leader Michael Pintard has done something that former Prime Minister Dr Hubert Minnis was unable to do during his tumultuous tenure in office: heal old wounds - many of which were inflicted between 2012 and 2021.
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PM hails Disney’s Lookout Cay as ‘monumental’ for Eleuthera
PRIME Minister Philip “Brave” Davis hailed yesterday’s official opening of Disney’s Lookout Cay at Lighthouse Point in Eleuthera as a monumental achievement for that island’s tourism industry.
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Man charged for six attempted murders
A MAN was imprisoned on Friday after he was accused six times of attempted murder and a string of robberies in New Providence over the last two years.
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Marinas urge ‘rogue crack down’ with fee increases
Bahamian marinas yesterday urged the Government to “crack down on rogue” operators and private docks as it moves to introduce jetty, mooring and groin fee increases of up to “20 percent”.
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Gov’ts ‘cat and mouse game’ against wealthy tax evaders
A Cabinet minister yesterday said the Government is engaged in “a cat and mouse game” with wealthy tax evaders as it races to plug loopholes and secure the Bahamian people’s money.
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Disney to beat local worker pledge by 30% at new port
Disney Cruise Line executives yesterday said they will exceed the number of full-time Bahamian jobs they pledged to create at their new south Eleuthera destination by 30 percent.
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Culmer: Minnis was worst leader ever
CARL Culmer lifted the lid on his tenure as the Free National Movement’s chairman yesterday and described former Prime Minister Dr Hubert Minnis as the worst leader he has served in any capacity.
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‘Road to Paris’: Anticipation mounts ahead of BAAA Junior and Senior Nationals
The Bahamas Association of Athletic Associations (BAAA) Kids Athletics, Junior and Senior Nationals might be one of the most highly anticipated events of the track and field season and it is set to return to the original Thomas A Robinson Stadium June 26-28. The meet will precede the 2024 Paris Olympic Games, scheduled for July 26 to August 11 in Paris, France, and Bahamian athletes are expected to be at full strength for the three-day meet.
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Taysha Stubbs and Dior-Rae Scott commit to University of Nebraska
THE Bahamas’ top junior javelin throwers Dior-Rae Scott and Taysha Stubbs will soon embark on a new journey at the collegiate level with University of Nebraska Cornhuskers. The dynamic duo officially announced their commitment to the Cornhuskers yesterday.
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High-end real estate’s VAT underperform ‘shocking’
The Prime Minister’s assertion that the Government has collected just 8 percent of its VAT target for high-end real estate sales was yesterday branded “shocking” by industry professionals.
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Manufacturers hail Customs bond end
Manufacturers yesterday hailed the Government’s decision to eliminate the Customs bond and 45 percent machine parts duty as “a huge benefit” that will help them compete on a more “level playing field”.
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Recreational watercraft bill adds citizenship requirement
THE Davis administration yesterday tabled legislation that would transform the commercial watercraft industry and allow Bahamians to get the maximum benefit from the nation’s tourism industry.
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BUDGET COMMUNICATION 2024/2025: Key Budget measures
As he outlined key budget measures, Mr Davis underscored the 2024/2025 Budget has no new taxes, with some adjustments made to fees on government services where the cost of providing that service has increased.
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Insurer ‘very, very close’ on 55% Bahamas dependence
A Bahamian insurer says it is “very, very close” to hitting its goal of reducing its reliance on this nation to 55 percent of its property and casualty underwriting aggregates.
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FTX Bahamas chief gets over seven years jail
The former head of FTX Bahamas did not receive “any brownie points for being a whistleblower” to local regulators as a New York judge yesterday sentenced him to seven-and-a-half years in prison.
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CARIFTA Triathlon team announced
Following the completion of its Aquathon and Triathlon National Championships over the weekend, the Bahamas Triathlon Association has announced its team to represent the Bahamas at the 2024 Carifta Triathlon and Aquathlon Championships.
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Coach Tito Moss: We are always looking to improve
THE dust has now settled since the inaugural Red-Line Athletics Field Events Classic as well as the Youth Track Classic and coach Tito Moss voiced that the club is constantly looking to improve the delivery of these meets going forward.
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Don’t ‘tax your way to success’, Gov’t urged
Businesses yesterday urged the Government not to “tax their way to success” in tomorrow’s 2024-2025 Budget, arguing: “There’s only so much you can wring out of a stone.”
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Long-term Gov’t paper recovery two years out - but no bad thing
Demand for long-term Bahamas government debt is unlikely to recover until after a 2026 general election but that is not necessarily a bad outcome, a senior banker predicted yesterday.
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