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Furlough ‘frustration’: Workers want finality

A union president yesterday warned that the 90-day extension to the COVID furlough period is “adding to the frustration” of long-suffering workers who want “finality” for their plight.

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Fidelity eyes $21m-$22m profit following ‘overshoot’

A BISX-listed bank is targeting full-year net income of $21m-$22m after its exceeding its budgetary target during the first nine months of 2021, its chief executive revealed yesterday.

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Aliv: ‘Honeymoon period’ now over

Aliv’s top executive yesterday warned that “the honeymoon period” is over despite service revenues enjoying four successive month-over-month increases to hit $5m for October.

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‘We need more from resident billionaires’

The Bahamas “needs a little more than residency” from the multiple millionaires and billionaires that reside within its borders, an accounting firm’s principal is urging.

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Bahamas had to ‘walk and chew gum earlier’

The Bahamas should have “found a way to walk and chew gum” earlier in the COVID-19 pandemic so as to minimise its foreign currency debt hike, an economist argued yesterday.

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$6m claims jump drives Bahamas First into loss

Bahamas First has warned “it will take some time” to correct problems with its Cayman subsidiary’s life and health portfolio that have been blamed for a $6m-plus jump in claims payouts.

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Kalik maker eyes 10% supply chain cost rise

Commonwealth Brewery is predicting that global supply chain disruption will increase its costs by 10 percent over the remainder of 2021 as it sustains its return to profitability.

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Bahamas ‘like boxer with hand tied its behind back’

The Bahamas is “like a boxer with one hand tied behind its back” because it has failed to determine the true value of the Government’s multiple assets, a prominent banker argued yesterday.

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Gov’t pays out $200m in COVID jobless aid

The Government had paid out more than $200m in COVID unemployment benefits at end-September 2021, it was revealed last night, although overall pandemic spending seems to be slowing.

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Cable targets $80m New Providence fibre roll-out

Cable Bahamas plans to invest $80m over the next two-three years on rolling out its New Providence fibre-to-the-home network, its top executive has 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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GLIMMER OF HOPE: Ratings agency S&P sees economic upturn but private sector cautious

The Bahamas does “not have enough control over our own plight” to take comfort from Standard & Poor’s (S&P) belief that COVID devastation has “bottomed out”, it was argued yesterday.

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GB Power targets 13% return on rate changes

Grand Bahama Power Company is seeking returns of close to 13 percent in its proposed revision to the island’s electricity tariffs, it can be revealed.

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Cable and Gov’t hit by $41m Aliv losses

Aliv’s near-$41m loss for the year to end-June 2021 continues to drag on both its BISX-listed parent and the Government, just-released financial statements reveal.

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Port’s profits to decline 7% despite pre-COVID bounce

Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.

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End to 12% VAT realty rate ‘shows we mean business’

Realtors yesterday hailed the Government’s decision to eliminate the 12 percent VAT rate on high-end property sales as “a very solid move”, adding: “It shows we mean business.”

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ALICIA WALLACE: Action not just anger should be our response to Bella’s death

ON the weekend, it was reported that a four-year-old child was taken to the hospital. Soon after, there were claims on social media that the toddler had been sexually assaulted. The toddler, Bella Walker, died.

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Office of the Spouse seeks greater protection for the nation’s children

ANN-MARIE Davis has committed the Office of the Spouse to working closely with the government, local non-profit groups and her CARICOM counterparts to bring more awareness and legislative proposals to offer greater protection for the nation’s children.

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PM 'not minded' to allow oil drilling

PRIME Minister Philip Davis said he is “not minded” to allow oil drilling in The Bahamas and is completely opposed to oil exploitation in the country.

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Port beats revenue forecasts  by $1.5m

Nassau’s major commercial shipping port beat its original revenue forecast by almost $1.5m for its 2021 financial year, although profits declined by 7.7 percent year-over-year.

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