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Scotia: 95% gone online amid ‘lousy’ service claim
SCOTIABANK (Bahamas) will this year test mobile banking technology capable of serving all Family Islands, its top executive said yesterday, with 95 percent of customer transactions now conducted online or at ABMs.
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EDITORIAL: Kicking the can again over NIB
ANOTHER year is coming to an end with no resolution to the thorny problem of what to do about our diminishing National Insurance Board fund.
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‘Collusion’ document contradicts such claim
FTX’s Bahamian liquidators are asserting that the document being cited as evidence of this country’s alleged collusion with Sam Bankman-Fried sparked the very court action that led to his removal.
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Modernisation of healthcare needed
Please allow me space in your daily to express a concern. It is said that the Health of a Nation is the Wealth of the Nation. If this is to be taken literally, then we are not amongst the wealthy.
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MOE to address teacher morale as many feel unappreciated
THE Ministry of Education plans to implement recommendations aimed at improving teacher morale based on findings from a survey of some 755 public school educators and literature research.
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PETER YOUNG: Is history repeating itself for the Royal Family?
HAVING written only last month about the ructions following the Netflix documentary purporting to tell the story of the life together of the Duke and Duchess of Sussex, there is a danger of repetition in returning to the subject today. But, given the huge fallout from the subsequent publication of Prince Harry’s explosive memoir entitled “Spare”, which is reported to have become the fastest-selling non-fiction book ever in the UK, it is hard to ignore it all together.
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FTX’s Bahamian customers financed SBF’s $546m deal
FTX’s Bahamian subsidiary, and its customers/investors, were yesterday said to have unwittingly helped finance a $546m investment by Sam Bankman-Fried that has now been seized by US federal authorities.
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Investment bank targets $150m ‘pipeline’ raises
A Bahamian investment bank yesterday disclosed it has $150m worth of transactions in “the pipeline” for 2023 amid “growing momentum” within the private sector to raise much-needed capital.
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Gov’t urged: ‘Drill down further’ on Business Licence suspicion
The Government must “drill down further” and obtain greater evidence to confirm its suspicions that many companies are under-reporting annual turnover to evade full payment of Business Licence fees.
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AID 'most concerned' over BPL rate hikes
A major Bahamian retailer yesterday voiced optimism that 2023 will be "marginally better" than last year while revealing it is "most concerned" about Bahamas Power & Light's (BPL) rate hikes depressing consumer spending.
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Government hopes to seal BPSU deal - despite ‘disadvantage’
THE Davis administration hopes to conclude ongoing industrial agreement negotiations with the Bahamas Public Service Union this month, despite the union saying the government’s latest proposal puts its members at a “disadvantage”.
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Roadwork-hit businesses seeking ‘come back to Village Road’ boost
A “COME back to Village Road” incentives package is needed to revive businesses that have been damaged by the year-long roadworks impacting that corridor and the surrounding area, an entrepreneur is arguing.
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Opposition: Is customs broker ‘integration’ legal?
THE Opposition’s finance spokesman last night queried whether the Customs laws and regulations must be changed before mandating that brokers acquire third-party software to “integrate” with its electronic import clearance system.
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Tighten ‘exit strategy’ on failed FDI projects
A prominent realtor yesterday argued that The Bahamas must craft a robust “exit strategy” for when major foreign direct investment (FDI) projects “go south”, adding: “Surely we’ve learned from our mistakes?”
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‘$400m opportunity’ to double cruise spend
Nassau has a “$400m opportunity” to double gross cruise passenger spending if it can fully capitalise on the “springboard” provided by the 900,000 visitor increase forecast for 2023, its port chief argued yesterday.
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Construction chief challenges minority foreign owner block
The Bahamian Contractors Association's (BCA) president has challenged whether the Government can lawfully bar a foreign investor from becoming a minority partner in a local construction company.
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Broker integration vital to end $50m Customs loss
The Ministry of Finance yesterday asserted that broker “integration” with Customs’ systems is vital to eliminating more than $50m in annual revenue losses amid a continuing dispute over whether such requirements are lawful.
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Small businesses facing struggle on NIB rate hike
BAHAMIAN small businesses will struggle to absorb any National Insurance Board (NIB) contribution rate increase due to the multiple other expenses hikes they are grappling with currently, a sector consultant has warned.
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Father of three killed on way to work – one of three shooting deaths in 24 hours
A FATHER of three was shot and killed in his car yesterday morning while on his way to work – one of three shooting deaths within 24 hours.
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Insurers: ‘Everyone will pay’ if storm cover unaffordable
Bahamian insurers yesterday warned that “everyone will have to pay” if hurricane coverage becomes increasingly unaffordable with the issue representing a growing public policy “dilemma” for the Government.