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‘Major progress’ on one insurance law
Regulators say “significant progress” has been made in combining the Bahamian insurance industry’s regulatory regime into one law after the sector saw gross written premiums increase by $60m in 2022.
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20-month sentence for possession of unlicensed firearm and ammunition
A MAN was sentenced to 20 months in prison after being convicted of having an unlicensed firearm in his home in Eleuthera earlier this month.
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20 months in jail for man who admitted to having gun
A MAN was sentenced to 20 months in prison yesterday after admitting to having a loaded gun in his car on Bay and George Streets last Friday.
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CARIFTA: Team Bahamas picks up four medals in the morning field events
St George’s, Grenada: Team Bahamas continues to strive for excellence at the 51st CARIFTA Games adding four more medals to their count in the morning session of day two at the Kirani James Athletics Stadium.
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CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
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Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
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Commonwealth cuts loan delinquency by up to 5%
Commonwealth Bank says non-performing loans have reduced by between 1-5 percent across all credit segments since year-end 2022 as its portfolio expands faster than market growth.
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Babe Ruth Baseball Caribbean Region Championships all set for July 20-24
THE boys will be back in town to participate in the 2023 Babe Ruth Baseball Caribbean Region 12-and-under Championships and the 16-and-under invitational, scheduled for July 20-24.
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Field athletes take home 23 out of 33 medals
OVER the last few years, the field events have garnered lots of attention as Bahamian athletes have risen to the occasion time and time again at all levels and, at the 51st CARIFTA Games in St George’s, Grenada, the field athletes delivered in a big way.
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Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
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Three men and three women plead not guilty to gun charge
THREE men and three women were granted bail yesterday after allegedly being found with a loaded gun in their car on Wulff Road last weekend.
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No ‘rush of blood’ on corporate income tax
The Bahamas was yesterday urged “not to have a rush of blood” in moving too swiftly on corporate income tax as the Government inches towards issuing a ‘white paper’ on the subject.
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BAAA names 76-member team to compete at CARIFTA Games
AFTER watching more than 50 qualifying performances turned in during the final trials over the weekend, the Bahamas Association of Athletic Associations has selected a 76-member team to compete at the 51st CARIFTA Games.
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Antigua and Barbuda leads “historic” declaration at OAS General Assembly
An historic “first” was recorded at the General Assembly of the Organization of American States (OAS) when 20 countries, drawn from Central America and the Caribbean, issued a joint declaration, calling on international financial and development institutions “to prioritize the provision of funds and resources to support the efforts of Central America and the Caribbean in addressing climate change, recognizing the urgency and magnitude of the challenges faced by these regions”.
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Teen boy sentenced to 20 months after admitting to possession of a loaded pistol
AN 18-year-old was sentenced to 20 months in prison yesterday after admitting to having a loaded gun in the ceiling of his house last weekend.
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Man held on charges of Hospital Lane murder and attempted murder
A MAN is behind bars after being accused of causing the death of a 20-year-old male last month and wounding three people in a shooting incident early in January.
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CBS: Online platform in 20% of Xmas sales
A Bahamian retailer yesterday said its e-commerce platform is generating 20 percent of total revenue this Christmas season.
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Regulators standing firm over tougher consumer protection
REGULATORS have held firm over plans to slash the time for communications industry operators to resolve customer complaints, wrongful disconnections and new serve installation despite industry push back.
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VAT ‘outlier’ status in up to 25% marina fall
Marinas are warning the “hesitancy” of foreign yacht charters to consider The Bahamas because of its status as a VAT “outlier” has caused a 20-25 percent business drop-off for some properties.
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Crackdown coming on national symbols usage
AUTHORITIES are seeing an increase in the unlicensed use of national symbols, with National Security Minister Wayne Munroe warning that unsanctioned use of symbols could prompt a $250 fine or a six months prison sentence.
