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IMF urges Bahamas to stick to 50 percent debt ceiling
The International Monetary Fund has urged The Bahamas to keep to the 50 percent debt ceiling passed in 2018.
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What future for little-used Ayton?
DEANDRE Ayton played sparingly in his Phoenix Suns’ worst playoff loss in franchise history which prompted many to revisit a lingering and unresolved contract negotiation between the team and its former no.1 overall pick.
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Delinquent mortgage buyer gives insurer $8m ‘windfall’
A Bahamian insurer yesterday said it is targeting a 15 percent profit increase for 2022 once the $8m “one-off windfall” it enjoyed last year from its investment in a delinquent mortgage buyer is stripped out.
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Work permit clampdown in restaurants, construction
LABOUR Director Robert Farquharson says his department has denied labour certificates in all restaurant manager applications and in the vast majority of applications for construction site supervisors and project managers since September, preventing the applicants from getting work permits.
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‘We are going to have to play together’
Deandre Ayton looks ahead to game 6 against Mavericks
The Phoenix Suns have an opportunity to clinch a second consecutive berth to the Western Conference Finals but Deandre Ayton said he expects tonight’s game six matchup to be one of the toughest in the series.
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Warning as container costs to double
Businesses should brace for a 100 percent increase in container costs for the summer due to the Russia and Ukraine war.
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Reform pensions now - or elderly will be left with nothing
The International Monetary Fund warns that a “significant” share of the elderly would be without pensions if reform to the pension system is not dealt with immediately.
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‘They wanted Gov’t to buy the Grand Lucayan twice’
The Grand Lucayan’s ex-chairman yesterday said the Government would “effectively have been buying the hotel a second time” had it agreed to Royal Caribbean and ITM Group’s demand it finance 95 percent of the $50m purchase price.
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EDITORIAL: A deal that’s been a long time coming
THE announcement of the buyer for the Grand Lucayan Resort has been long coming.
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‘World’s in worst state that I have ever seen’
Super Value’s principal has voiced hope that “we can do better than” the World Bank’s dire prediction of high food prices lasting for three years, but conceded: “The world is in the worst state I’ve ever seen.”
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$10M IN FUNDING ‘VANISHED’: Prime Minister claims NGOs have not submitted accounts
PRIME Minister Philip “Brave” Davis said two non-governmental organisations have not submitted records to give an account of the combined more than $10m they received from the former Minnis administration under its national food programme.
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EDITORIAL: Resisting temptation to break the law
THERE was quite a startling admission from Environment Minister Vaughn Miller yesterday.
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Pamela Stuart dies, aged 91
MISS Pamela Stuart, 91, died at her Ridgeway, Eastern Road home just before midnight on Friday. Her funeral services will be announced later.
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‘Lord knows’ Freeport requires tourism scale
An ex-tourism minister yesterday voiced optimism that the Grand Lucayan’s sale will be the “catalyst” that builds scale by luring other resort developers to Freeport, adding: “Lord knows Grand Bahama needs it.”
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Disney triples construction workforce promise to 300
Disney Cruise Line yesterday revealed it is near-tripling the number of construction jobs created by its Lighthouse Point project to 300 amid hopes that Eleuthera can attract up to $1bn in total investment over the next decade.
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Teenage thief ordered to pay back victim after car raid
A TEENAGER was yesterday ordered to compensate a woman whose car he broke into last month and stole over $1,000 worth of items.
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Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
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Traditional finance providers have ‘duty’ to embrace crypto
Deltec Bank & Trust’s chairman yesterday asserted that traditional financial services providers have a “duty” to help innovators in the digital assets and crypto currency space.
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DIANE PHILLIPS: Cars, cars and more cars
THERE are 145,000 registered vehicles, give or take a few, in The Bahamas, 90% of them likely on an island that measures 21x7 miles. The only thing we might have more of in terms of numbers is cellphones, but then there is one big difference. Just about everyone knows how to use a cellphone.
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Celebrating Earth Day at Botanical Gardens
THE Botanical Gardens proved the perfect space for students and their teachers to celebrate Earth Day.
