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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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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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‘$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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Gov’t warns US airlines: ‘You won’t bully Bahamas’
THE Government Wednesday warned the US airline industry that it will “not bully The Bahamas into surrendering its sovereignty” over assertions that this nation’s air navigation fees are excessive and unjust.
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Pharmacies hopeful new price controls ‘cease’ next Tuesday
Pharmacies are voicing cautious optimism that their lower-margin price control regime could end as early as next Tuesday with the industry also pushing for a reduction in work permit fees.
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INSIGHT: How we can honour Kenise and help save others
THE tragic story of Kenise Darville has been in the spotlight over the past few days and many are wanting to know why we can’t do better when it comes to the care we offer our citizens.
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$50m Arawak Cay project targets ‘Tesla-like’ impact
A Bahamian former professional basketball player is investing $50m in an Arawak Cay manufacturing facility he hopes will enable this nation to become “a leader in the field” of climate-resilient construction.
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‘Future generations and youth let down’ over NIB
The National Insurance Board (NIB) must be given more independence from government, a pension specialist urged yesterday, adding: “Successive administrations have let the youth and successor generations down.”
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Hot Mix and CFAL’s chief in GB airport bid
A well-known Bahamian contractor and local financial analyst were yesterday said to have partnered on a bid to transform Dorian-ravaged Grand Bahama International Airport.
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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.
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Second US aviation group calls for Bahamian airline sanctions
A second aviation industry group yesterday backed calls for sanctions to be imposed on Bahamian airlines flying to the US unless this nation reforms its allegedly “unjust” overflight fees.
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Hayward backs bid to ‘reimagine’ GBPA
A Hayward family member yesterday pledged “an ambitious masterplan for change” to create “thousand of jobs” in Freeport as he backed efforts “to reimagine and revolutionise” the Grand Bahama Port Authority (GBPA).
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Gov’t pledges law change over its $233m borrowing
The Government has promised to change the law to facilitate its “use” of $233m in International Monetary Fund special drawing rights (SDRs) that have for the past 16 months boosted The Bahamas’ foreign reserves.
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CLICO victims: Don’t forget our $35m need
Victims of CLICO (Bahamas) implosion have made an impassioned call to the Government not to forget their continuing plight with an estimated $35m still required to make them whole.
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FTX CEO’S ATTACKS ON BAHAMAS ‘MISGUIDED’: Attorney General hails regulator for ‘proper’ measures
FTX’s US chief has admitted his attacks on The Bahamas’ integrity were “misguided” by agreeing to work with the failed crypto exchange’s local liquidators, the Attorney General argued last night.
