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Winder stepping down as Commonwealth chief
Commonwealth Bank’s president, Raymond Winder, is stepping down to be replaced by the BISX-listed institution’s chief operating officer, Tribune Business can reveal.
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Gov’ts $62m property tax amnesty write-off
The Government wrote-off $62m in outstanding real property taxes to gain just $37.5m in extra revenue via its recent amnesty initiative, it was revealed last night.
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Shipyard’s $350m expansion to give 2022 economic boost
The Grand Bahama Shipyard’s $350m investment in two new dry docks will provide a much-needed economic boost to the island in 2022, government officials confirmed yesterday.
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Burrows and Gibson post double doubles in head-to-head meeting
TWO teams headed in opposite directions - Shamar Burrows and the Dalhousie Tigers maintained their national ranking with a three-game winning streak while Qyemah Gibson and the St Mary’s Huskies lost their third game in a row.
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Caribbean Bottling yet to ‘dent’ 15-18% sales gap
Caribbean Bottling’s president yesterday said it has yet to “materially dent” the 15-18 percent gap with pre-COVID sales levels as he voiced doubts that the divide will close in 2022.
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Ayton sidelined with right leg contusion – Suns centre posts second straight double double
Deandre Ayton had his second consecutive double double of the season but was also sidelined with a right leg contusion.
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Gov’t ‘reaching ceiling’ on debt
The Government may be reaching its debt limits given that such liabilities are now bigger than the economy, the Debt Advisory Committee’s head warned yesterday.
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Bahamian players make their presence felt in NCAA Division II Basketball
BAHAMIAN players have been active in early season play at the NCAA Division II level.
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VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
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Burrows and Tigers get wins over Woodswide and Capers, Gibson and Huskies open season victorious
THE 2021-22 Atlantic University Sport men’s basketball season tipped off on October 29 and several Bahamians were active for their respective programmes in opening weekend double headers.
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Cruise giant in $3,000 annual PI seabed deal
Royal Caribbean Cruise Lines secured a second lease from the Minnis administration allowing it to rent three acres of seabed off Paradise Island for just $3,000 per annum, it can be revealed.
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BOB: Unleash us for commercial lending
Bank of the Bahamas’ managing director is urging the Central Bank to “level the playing field” by removing the restrictions imposed on its commercial lending in the wake of its near-collapse.
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Coalition to stop Grand Bahama power price increase
THE Coalition for Concerned Citizens is urging the Grand Bahama Port Authority not to approve Grand Bahama Power Company’s application for a rate increase in electricity.
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BTC ‘shut down’ warning on mandatory vaccination
The Bahamas Telecommunications Company’s (BTC) line staff union yesterday warned it will “shut the company down” if its parent continues to push a mandatory COVID-19 vaccination policy.
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Resort aims to bridge 36% T&C rates gap
An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.
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Alvin Sargent still making his contribution to amateur boxing
AFTER devoting more than 50 years in the sport, International Boxing Association (AIBA) referee Alvin Sargent, right inset, is still making his contribution to amateur boxing.
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