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Downtown businesses ask for real story on bank plan

Downtown Nassau business owners and stakeholders are questioning "what's the real story" behind the Central Bank's decision to abandon plans for the construction of its new headquarters at Royal Victoria Gardens.

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‘No headroom’ for Gov’t Central Bank borrowing

The Government will not have “any extra headroom to borrow from the Central Bank” once legal reforms are passed to slash its lending limits by almost half, the latter’s governor revealed yesterday.

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Lives of service

The Bahamas is a great little nation despite the challenges and obstacles which confront us every so often. 2022 was a good year for many and I, for one, thank the Lord Jesus Christ for having assisted our people with successfully emerging into 2023. Some of us did not, unfortunately, make it through. Many of us did, however, and as a people and individuals we must now put our shoulders to the wheel and develop ourselves on a personal level and the nation collectively. We have any number of distinct role models.

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‘Can’t have cake and eat it’ on taxation rise

A well-known banker yesterday said the Government has to “increase the tax rate” to hit its revenue and overall fiscal consolidation goals, adding: “You can’t have your cake and eat it too.”

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Third mobile operator study eyes November

Some 45 percent of Bahamians believe Aliv’s mobile market entry has reduced prices, sector regulators have revealed, as they prepare to complete their study on the feasibility of a third operator by November 2022.

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ALICIA WALLACE: How you can make Mother’s Day magical

MOTHER’S Day is just a few days away, and many are scrambling to make plans and purchases for the mothers in their lives.

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Mario Bowleg hopes to redevelop performing arts centre

YOUTH Sports and Culture Minister Mario Bowleg spoke about plans to renovate a local performing arts centre to further foster the growth of Bahamian culture as he voiced his support for the newly formed Cultural Commission.

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FRONT PORCH: In a time of despair came the hands that brought hope

In early 2020, the COVID-19 pandemic, one of the great historical pandemics, shattered then shuttered the global and national economy. International tourism came to a dramatic and unprecedented halt. Much worse than in the 2008 Great Recession, the Bahamas economy collapsed within months.

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One step closer to decision for Prospect Ridge project

THE Ministry of Housing is preparing its last briefing paper to present to Cabinet that will shape the final determination regarding the Prospect Ridge project’s future, according to Transport and Housing Minister Jobeth Coleby-Davis yesterday.

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EDITORIAL: Would-be homeowners caught in crosstalk

IT must be very frustrating to be one of the young professionals who applied for the chance to own a home in Prospect Ridge.

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Court chaos over African prosecutor may hit 160 cases

A Supreme Court’s judge’s ruling that states that a rape accused’s voluntary bill of indictment was invalid as it was signed by a non-Bahamian prosecutor who was rejected for practice at the Bahamas Bar, could potentially impact “160 odd cases”.

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Prospect Ridge housing project defended by Minnis

FORMER Prime Minister Dr Hubert Minnis defended the Prospect Ridge housing project in the House of Assembly yesterday, saying much work had been done to realise his vision of an affordable, but upscale community for young people.

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‘So much work to do’ on Prospect Ridge

JOBETH Colbey-Davis said that although her team is confident the Davis administration can still proceed with the Prospect Ridge project, the government cannot commit to the cost benefits the Minnis administration promised because so much work is still required on the development, including the production of a master plan, a feasibility study and topography studies.

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Save the children

The recent spike in shootings and alleged homicides through the nation but more particularly here in New Providence, is troubling. What is even more startling is to see and read about the apparent wanton killing of innocent young children. It is written: “Suffer the little children to come unto me.....” Nowhere does it say: “Kill the babies.”

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Insurer challenge to IMF’s proposal

A top insurer yesterday challenged how The Bahamas could enforce the IMF’s “mandatory property insurance” proposal when it is currently failing to do this with existing laws.

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Top Finance official denies that Bahamas over-taxed

A top Ministry of Finance official yesterday acknowledged that the Business Licence fee could be transformed into a flat-rate corporate income tax as he refuted arguments this nation is over-taxed.

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Recovery strategy exposes 'lost years'

The Economic Recovery Committee's (ERC) report is an admission The Bahamas has "wasted three to four years" that may have given it a head-start on COVID-19 recovery, a top banker said yesterday.

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Bahamas bids to secure $9m in UK exports trade

The government yesterday said it was aiming to secure almost $9m worth of annual Bahamian exports to the United Kingdom (UK) by ratifying a trade deal before year end. Cabinet ministers and trade officials met with representatives from the British H

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EDWARD FIELDS: The time for Independence 2.0 is now

In my journey toward peace of mind, I have one last cause left of an altruistic nature before I dive headfirst into focusing on living life for my personal well-being.

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Recovery Committee targets early September completion

The prime minister’s COVID-19 Economic Recovery Committee last night said it will present its final report on the road map for The Bahamas’ revival by early September 2020, with consultations to start next month. The committee, in a statement, said