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Private pilots: ‘Trust but verify on show stopper’
Private pilots plan to “trust but verify” pledges by Customs to ease clearance reforms that some argue could cost this nation up to 25 percent of its existing business if implemented in their original form.
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‘Beyond time’ for key land reforms
It is “beyond time” for The Bahamas to reform a “precarious” land administration system where half of all privately-owned parcels were previously estimated to be in dispute, an attorney said yesterday.
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Attorney concerned at sex registry operation
A NOTED attorney has raised concerns about the lack of information given to convicts about the sexual offender’s registry prior to their imprisonment.
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Today, 11 UB Mingoes student athletes graduate ‘with Class’
THE University of The Bahamas Mingoes will graduate one of its largest classes of student-athletes during this year’s commencement.
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Minister confirms hospital case rise not due to COVID
HEALTH and Wellness Minister Dr Michael Darville has confirmed that the increase in COVID-19 cases is not linked to the rise in hospital admissions, but is associated with a high volume of people suffering complications from chronic non-communicable diseases.
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Entrepreneur’s ‘shock’ over $15 lettuce price
A Cat Island entrepreneur yesterday revealed her “shock” when she discovered a local grocery store was selling lettuce for $15, saying: “The realities are striking.”
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$100m SOE subsidy cut goes in opposite direction
The Government has temporarily shelved plans to slash subsidies to state-owned enterprises (SOEs) as it seeks Parliamentary approval to borrow $251.4m for clearing unpaid bills prior to the 2021-2022 fiscal year-end.
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Minister hopeful of solution after sitout
EDUCATION Minister Glenys Hanna Martin said she was hopeful that teachers who staged a sit-out at Gerald Cash Primary School yesterday would find resolve overnight, noting students were already at a loss due to the COVID-19 pandemic.
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Bahamas may ‘run out of runway’ for reforms
A Caribbean economist has questioned whether The Bahamas will “run out of runway” before key reforms “bear fruit” sufficiently to avert an economic and fiscal crisis.
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Digital assets are no ‘silver bullet’ to rescue economy
A Cabinet minister and a member of the Government’s Digital Advisory Panel have both warned that digital assets are not a “silver bullet” that will rescue the Bahamian economy by themselves.
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Bahamas urged: ‘Go back into the tourism business’
A prominent architect is arguing that The Bahamas must “go back into the tourism business for itself” to reverse the “dramatic drop” in its competitiveness versus faster-growing rival Caribbean destinations.
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Abaco Chamber chief: ‘We’re in a scary time’
Abaco’s Chamber of Commerce president yesterday said The Bahamas and whole world are entering “a pretty scary time”, adding that the island was “just waiting for the other shoe to drop” when it came to further price hikes.
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Blacklist ‘factor’ fear on bank Business Licence
A commercial bank chief yesterday questioned whether the Government’s plan to reimpose Business Licence fees on the sector could revive a situation that caused The Bahamas’ 2018 blacklisting by the European Union (EU).
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PM targets 20% cut for electricity costs
The Prime Minister yesterday revealed the Government is targeting a further 20 percent reduction in electricity costs to below $0.20 per kilowatt hour via a combination of renewable energy and liquefied natural gas (LNG) related reforms.
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‘No disconnect’ despite $200m surplus increase
The Bahamian economy’s “exceptional” post-COVID rebound justifies revisions of more than $200m in key Budget projections, top officials asserted yesterday, despite Opposition fears of a “disconnect” that will undermine fiscal credibility.
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Hotel union set to break away from umbrella body
The hotel union has served notice that it plans to break away from its umbrella union, the National Congress of Trades Unions of The Bahamas (NCTUB), with “immediate effect”, it was revealed yesterday.
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Debt strategy was Budget’s ‘big miss’
A governance reformer yesterday argued that the Budget presentation’s “big miss” was its failure to detail how The Bahamas will tackle its $10.5bn national debt and annual interest costs set to hit a record $589m.
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‘No difficulties’ with South Ocean area casino licence
The deputy prime minster yesterday said a casino licence for the South Ocean area will have “no difficulties” in receiving approval from the Gaming Board (GB).
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EDITORIAL: Pay attention to details on Budget day
TODAY is a landmark day for the Davis administration – its first full Budget presentation.
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Bahamas First chair urges ‘exemption’ on insurance investing
Bahamas First’s chairman is urging the Government and Central Bank to give property and casualty insurers a “special exemption” to invest overseas and help improve their financial resilience to natural disasters.
