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Soaring gas prices are a ‘silent killer’

Family Island Chamber of Commerce presidents yesterday described soaring gas prices as “the silent killer” for economic activity, with one branding current pump costs as “crazy”.

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Financial industry in more attrition

The Bahamian banking sector saw total on-balance sheet assets shrink by $23bn or 13.3 percent in 2021 as the industry faced regulatory and other “headwinds” that continued to chip away at its size.

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A road by a new name

As an interested party in the resurrection of this ancient road/lane (Eastern Cemetery Lane), about which a Ministry of Works notice appearing in yesterday’s Tribune proposes that it be renamed to Harbourside Way.

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Tests remain for unvaccinated

TOURISM, Investments and Aviation Minister Chester Cooper said that a change to the requirement for unvaccinated travellers to be tested for COVID-19 is not being considered at present.

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FRONT PORCH: Madam Speaker: What will be your legacy?

LAST week, former Speaker of the House of Assembly, Halson Moultrie once again demonstrated why he should never have been elected to the Speakership. He suggested Long Island Member of Parliament, Adrian Gibson should resign his seat after being charged with a number of alleged offences.

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Davis says govt will ‘hold the line’ on NIB increase

AN increase in National Insurance Board contributions will not come off the table until the Davis administration decides whether or not to accept the recommendations of experts regarding the sustainability of the NIB fund, Prime Minister Philip “Brave” Davis said yesterday.

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'TREASURE SHARE MUST FAVOUR US': Govt seeks to secure ‘majority’ of riches found by explorers

A multi-million underwater explorer yesterday said it will cease treasure salvaging in Bahamian waters immediately if the Government's plans to take a "majority" share of the financial rewards prove unworkable.

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EDITORIAL: Tax for bread but not for yachts?

THIS one is going to be a little hard to justify for the administration.

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AG unveils ambition for ‘near shore Delaware’

Insolvency practitioners yesterday said the Attorney General’s ambition for The Bahamas to become “the near shore Delaware of corporate structuring” was both “achievable” and “appropriate” if the correct reforms are made.

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Electricity cost rise ‘pretty dangerous’ for economy

Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.

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Health insurance VAT: 'This is not about money'

The Government has undertaken not to change the VAT treatment of private medical insurance claims until a full study is done, its top finance official asserting: "This is not about trying to get tax money."

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Assessing how robust your security systems really are

The annual report on crime, and related trends, by the Commissioner of Police should be applauded. It is a commendable attempt at transparency, allowing members of the public - who are also major stakeholders in the fight against crime - to make assessments of the Royal Bahamas Police Force's performance, efficiency and reliability.

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‘Sky is not falling in’ on NIB - yet

THE Government still has multiple reform options to rescue the National Insurance Board (NIB) from collapse if it acts now, a pensions specialist asserted yesterday, adding: “The sky is not falling in” yet.

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Crowdfunder aiming to be ‘next Bamboo Shack’

A Bahamian restaurant entrepreneur yesterday unveiled ambitions to become “the next Bamboo Shack” after raising almost one-third of his minimum $320,000 capital target within the first ten days.

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Cut $11.8bn debt ‘absolutely’ amid growing distress fears

The Bahamas must slash its $11.843bn national debt in “absolute” terms, a top banker urged yesterday, after this nation was named among ten countries whose bonds are now trading at “distressed” levels.