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Kwasi Thompson: IMF holds ‘serious concern’ on fiscal reforms
The Opposition’s finance spokesman yesterday asserted that the International Monetary Fund (IMF) had voiced “serious concerns” over legal reforms that seemingly reduce the Fiscal Responsibility Council’s (FRC) independence.
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WORLD VIEW: Can political parties agree social contract for national progress?
AUTHORITATIVE international bodies – among them, the respected Institute for Democracy and Electoral Assistance (IDEA) – have concluded that “democracy is under both literal and figurative assault around the world.” The countries of the Caribbean have not been exempted from this judgement which is based on more than a decade of studies.
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Bahamas lost $32.5m aviation financing as ‘bar kept moving’
The Bahamas used just 32 percent of an Inter-American Development Bank (IDB) loan provided to overhaul its aviation industry because it failed to implement safety reforms essential to unlocking the $32.5m balance.
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Airlines dispute threatened ‘huge’ $43m consequences
The US airline industry’s challenge to The Bahamas’ air navigation services fee regime had potentially “huge consequences” by putting close to $43m in annual revenues at risk, it was revealed yesterday.
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Beware cutting-off ‘rocking and rolling’ private aviation
A Bahamas Flying Ambassador yesterday warned this nation not to follow Mexico and Costa Rica by “killing the goose that lays the golden eggs” when outsourcing management of multiple airports to private operators.
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PM doubles down over $6.4m provider licence
The Prime Minister last night doubled down on accusations that a payments provider which has failed to remit $6.4m to the Government was not licensed to collect funds on its behalf.
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Judge bids to protect $2.3m for City Markets pensioners
The Supreme Court has upheld an injunction seeking to preserve $2.288m for the benefit of City Markets pensioners even though 75 percent of this sum may already have been paid out to “third parties”.
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Businessman loses $22m RBC lawsuit
A Bahamian businessman has lost his breach of contract claim against Royal Bank of Canada (RBC) after it refused to clear a $22.11m investment in his aragonite export venture by a Slovakian citizen he had never met.
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PI project concern over ‘compelling opportunity’
A senior Atlantis executive yesterday warned that concerns over Royal Caribbean’s Paradise Island project could harm downtown Nassau’s revival and “the most compelling real estate opportunity in The Bahamas” if not resolved.
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Gov’t urged: ‘Don’t be hog’ over vacation rental taxes
The Government was last night told “don’t be a hog” over plans to increase tax earnings from the vacation rental sector, with property owners openly talking about forming an industry association to safeguard their interests.
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DIANE PHILLIPS: New mooring hotspot at Montagu, but are there plans to accommodate?
A STRANGE phenomenon has been taking place in Montagu Bay in recent months, growing exponentially in recent weeks.
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Bahamas hits back over OECD ‘non-compliance’
The Bahamas hit back over its sole tax information exchange “non-compliant” rating by the Organisation for Economic Co-Operation and Development (OECD) through arguing the number of countries with complaints was “low”.
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Online civil registry disabled to help ‘protect data integrity’
The Attorney General has revealed online access to the civil registry at the Registrar General’s Department was shut down “to preserve the integrity of the data” that it holds.
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Sir Franklyn ‘less sure’ over size of gas margin increase
FOCOL’s chairman yesterday revealed he is now “less sure” that the magnitude of the margin increase sought by Bahamian petroleum retailers can be justified and urged them to supply evidence to prove their case.
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PI entrepreneur ready ‘at stroke of PM’s pen’
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse yesterday revealed his financing needs have been “oversubscribed by more than 300 percent”, as he urged the Government: “Make good on our deal.”
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VAT health claims change ‘may’ not happen April 1
The Government “may not” implement the new VAT treatment for medical insurance claims payouts by its April 1 target, it was revealed yesterday, with the decision hinging on a meeting with healthcare stakeholders later this week.
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‘Air cargo hub’ ambition for GB’s $200m airport
The deputy prime minister yesterday unveiled a $200m Grand Bahama International Airport redevelopment that aims to ultimately transform the facility into an international “air cargo hub” for the Caribbean and Latin America.
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THE KDK REPORT: THE WIND BLOWS WEST, PART 1
IN 2006, while sitting outside her home with family members and enjoying the cool night breeze, my patient (who’s chosen the alias Kelly) felt an urge to urinate. She dashed but before she made it to the restroom, she felt warm liquid trickling down her legs.
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UPDATED: Bahamians to gain 49% stake in Royal Caribbean PI project
The Government last night said it has approved Royal Caribbean’s $110m Paradise Island beach club project after negotiating greater Bahamian ownership and entrepreneurial participation in the development.
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FTX: US interfering with $45m Bahamas recovery
FTX’s Bahamian liquidators are accusing their US counterparts of interfering with a $45m stablecoin recovery and failing to preserve the value of the collapsed crypto exchange’s $241m local real estate empire.
