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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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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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Wilson says reporter’s claim that he lied to media is ‘unfounded’
FINANCIAL Secretary Simon Wilson called a Nassau Guardian reporter’s claim that he had lied to the media “scandalous” and “unfounded” - in a row between the two at a briefing on the 2024-2025 Budget at the Office of the Prime Minister yesterday.
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IDB warns Bahamas over due $900m external loans
The Bahamas still faces significant financing risks given that it is due to repay $900m in foreign currency loan principal over the next two years, a multilateral lender has warned.
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$500m swing in forecast prompts call for answers
The Government has completely overturned its medium-term Budget projections by forecasting a more than half-a-billion dollar swing that will drive it to a $448.2m fiscal surplus at end-June 2026.
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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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Athletes of the Month: Denisha Cartwright and Wanya McCoy in high gear for May
Hurdler Denisha Carwright and sprinter Wanya McCoy have certainly ramped up both of their individual performances in May to run away with this edition of the Tribune Athletes of the Month honours. The Tribune Sports section will recognise the efforts of athletes across all sporting disciplines and award a male and female candidate at the end of each respective month, culminating with the athlete of the year. With the 2024 Paris Olympic Games on the horizon, Cartwright and McCoy were the latest Bahamian athletes to join the growing list of Olympic qualifiers for The Bahamas and they both achieved the feat this month.
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FNM: Financial Secretary must apologize, go to anger management after row with reporter
The Free National Movement is calling for an immediate and "full-throated" rebuke of Financial Secretary Simon Wilson after his volatile exchange with a reporter at a press briefing today.
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Permanent residency reform labelled ‘huge’
Realtors and attorneys yesterday praised the Government’s “huge” move in raising the economic permanent residence threshold to $1m and diversifying how wealthy foreign investors can qualify.
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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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The eProcurement platform has saved govt $16.5m, says Davis
PRIME Minister Philip “Brave” Davis said the government had saved $16.5m through its eProcurement platform, GoBonfire.
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FNM ‘underwhelmed and disappointed’ over PM’s budget communication
THE Free National Movement is underwhelmed and disappointed by Prime Minister Philip “Brave” Davis’ budget communication, with the party’s leader, Michael Pintard, calling it much worse than last year’s speech.
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Scepticism greets Govt’s 1-1.5% deficit projection
Fiscal analysts and the Opposition yesterday voiced scepticism that the Government will hit its revised deficit target range of $146m-$219m for the current fiscal 2023-2024 fiscal year.
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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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Port: Inflation’s worst over as profits 8% above target
Nassau’s main commercial shipping port yesterday said “the worst of the disruption” from COVID inflation and supply chain shocks is over with its $8.5m profit at end-March almost 8 percent ahead of target.
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Revenues ‘must do most of the work’ to hit deficit target
The Government’s “revenues will have to do most of the work” for it to hit an “ambitious” $131m full-year deficit target, with a major financial institution warning: “It all depends on the second half.”
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