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04292024 EDITION

Monday, April 29, 2024

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Commonwealth hails $63.5m profit amid 91% claw back fall

COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.

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Minnis: The nation will know if I run

FORMER Prime Minister Dr Hubert Minnis does not support his party’s decision to host a one-day convention in June, saying this does not give the Free National Movement enough time to showcase its talent and policies.

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Sarkis wins bid to take Baha Mar fraud claim to trial

SARKIS Izmirlian’s $2.25bn fraud and breach of contract claim against Baha Mar’s Chinese contractor was yesterday cleared to proceed to full trial before a New York court this August.

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Tyesha Tynes a ‘stroke’ above the rest

Freshman Tyesha Tynes was pleased with the way she was able to make her presence felt for the Hastings College Lady Broncos women’s golf team this season.

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Energy bill opens door to BPL move

The Government yesterday unveiled a major overhaul of the country’s energy regulatory regime to provide a platform for rescuing Bahamas Power & Light (BPL) from its $1bn debt and investment hole.

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Discharge for mother who hit daughter with cord

A 35-year-old mother was conditionally discharged yesterday after admitting to injuring her 15-year-old daughter because the girl lied about how she got to the movies last Saturday.

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Nassau/PI hotels ‘soon can’t take anyone else’

Nassau and Paradise Island hotels will “soon reach the point where we can’t take anyone else”, a senior tourism executive has warned, with room shortages driving “unheard of” March occupancies.

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Rolle gets 40 years jail for murder of Kessinger

RODRIGO Rolle was emotionless yesterday as a judge sentenced him to 40 years in prison for murdering an elderly American woman during a home invasion in Cat Island in 2017.

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10 years of an undersea kingdom

THE Bahamas Reef Environment Educational Foundation (BREEF) is celebrating the tenth anniversary of the Sir Nicholas Nuttall Coral Reef Sculpture Garden and Coral Nursery (CRSG) - a testament to a decade of unwavering commitment to marine conservation and environmental stewardship.

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Man charged on five counts of incest for molesting his niece

A 25-YEAR-OLD man was remanded in custody yesterday after he was accused of molesting his underaged niece five times over the last two years.

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Woman accused of trying to kill man with her vehicle

A WOMAN was remanded to prison yesterday after she allegedly tried to kill a man with her vehicle on Carmichael Road last week.

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BTC sponsors Blake Bartlett for World Relays

FOR the first time in its history of supporting sports, BTC is excited to announce that an employee is a member of the athletic team participating in the BTC World Relays Bahamas 24 May 4-5 at the Thomas A. Robinson National Stadium.

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Steven Gardiner leading the way

AS quarter-miler Steven Gardiner led a host of Bahamians competing in the United States, hurdler Devynne Charlton and sprinter Anthonique Strachan were in action at the start of the Wanda Diamond League in Xiamen, China.

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YES Giants national basketball champions

CONGO TOWN, South Andros - It was quite a phenomenal week for the Your Essential Store (YES) Giants as they repeated as the division two champions of the Bahamas Basketball Federation (BBF) National Round Robin Tournament in South Andros just a few days after successfully defending their division two title in the New Providence Basketball Association (NPBA).

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FRONT PORCH: Restraint in politics and government

ANTHONY Seldon, the well-known British headteacher and political observer has written books on each of his country’s prime ministers over the past 40 years.

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Gov’t boost from moody’s $44m deficit miss forecast

MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.

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FNM: How are health funds being spent?

FORMER Health Minister Dr Duane Sands has called for greater transparency surrounding the government’s catastrophic healthcare fund, about which little has been said even though it was a significant policy initiative of the Davis administration.

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Fund manager to be ‘little more defensive’

A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.

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CARIFTA TV payment cut in half on contract breach

An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.

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