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Top aviation body: Delay Customs regime to 2023

The world’s largest aviation association is urging The Bahamas to delay implementing a new border entry and exit regime for private pilots until early 2023 amid fears the process will be “very tedious, cumbersome and unintuitive”.

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Fears VAT grab will ‘kill’ marina industry

The Association of Bahamas Marinas (ABM) president yesterday warned that reforms set to more than triple the tax rate imposed on foreign yacht charters will “kill” an industry that last year directly injected $122m into the economy.

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Moody’s: Multiple ‘risks’ to Gov’ts fiscal forecast

Moody’s last night warned of multiple “risks” to the Government’s fiscal consolidation projections due to the absence of any tax increases in the just-unveiled Budget, while spending restraint will “weigh on economic growth”

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Gov’t to cut foreign debt portion in half

The Government is aiming to slash the portion of its debt held in foreign currency by more than 50 percent, a Cabinet minister said yesterday, as he reaffirmed the key components of its liability management strategy.

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TEACHERS REJECT SALARY PROPOSALS: But union will hold off on industrial action for one week

BAHAMAS Union of Teachers president Belinda Wilson says the union will hold off on industrial action for one week, after revealing that members have twice rejected counter proposals from government as it relates to salaries for members.

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STATESIDE: The effect of the West’s sanctions on Russia

HERE’S a bet that you’re thinking a lot less this morning about the war in Ukraine than you were just a couple of weeks ago. It’s become kind of old news. That’s kind of amazing, considering that this is the first major land war in Europe in most all of our lifetimes – since 1945.

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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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$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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‘About time’ high-end tax loopholes closed

Realtors yesterday said it was “about time” that the Government doubled the annual real property tax cap and sought to close “loopholes” that enable high-end condominiums in hotel rental pools to largely avoid tax.

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CG knows the importance of Medevac care

In 2021, Coralisle Group Ltd. (parent company of CG Atlantic Medical & Life) conducted more than 120 medical evacuations of CG Members to overseas hospitals where they received critical, often lifesaving emergency care. CG Atlantic Medical & Life has managed many oversees medical evacuations, including inter-island medical air evacuations.

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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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BUDGET: FNM – What about growth of economy?

OFFICIAL Opposition Leader Michael Pintard was critical of Prime Minister Philip “Brave” Davis’ budget presentation yesterday, saying it ought to have been about growth.

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BUDGET: Plan for minimum wage rise and extra pay for civil servants

AS he unveiled his administration’s plans for the next fiscal year, Prime Minister Phillip “Brave” Davis announced a series of policy initiatives that are envisioned to assist Bahamians struggling with the inflationary high cost of living.

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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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Don’t allow COVID apathy to ‘strangle economic rebound’

A top hotelier yesterday warned The Bahamas “must not allow apathy” to undermine the COVID fight, while admitting the surge in cases will make the Government “more tentative” over the further restriction easing sought by tourism.

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‘Buy good real estate but a cheap vehicle’

Suggestions that today’s Budget will seek to “promote home ownership” and green energy yesterday generated calls for an attitude overhaul and a variety of tax reforms from participants in both sectors.

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Bahamas ‘can’t be complacent’ on 15% corporate tax push back

The Bahamas “cannot be complacent” despite yesterday being granted more time to determine its approach to the G-7/OECD-led push for a minimum 15 percent global corporate income tax rate.

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Protect our sovereignty

I write to you as a concerned Bahamian citizen, urging The Bahamas Government to oppose the proposed amendments to the World Health Organisation's International Health Regulations, which would effectively cede the Bahamas' sovereignty to a globalist organisation seeking the power to control free nations' response to future health crises.

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Inaugural ‘Uncle Lou’ Adderley charity golf tourney on par

THE life and legacy of the late Leviticus Adderley will live on as the Alumni Association of St Augustine’s College hosts the inaugural ‘Unca Lou’ Adderley Charity Golf Tournament.

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HUBERT EDWARDS: Today’s Budget for a better tomorrow

We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.

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