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Inflation jumps five-fold to back PM’s warning
The Central Bank yesterday revealed that annual inflation for the year to June 2022 increased almost five-fold compared to the previous 12 months to give a stark indication of the cost of living crisis facing many Bahamian families.
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Man freed from prison damaged sister’s car
A MAN was ordered to serve 200 hours of community service yesterday for damaging his sister’s car, barely six months after his release from prison following a ten-year sentence for armed robbery.
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$500 bail for suspect accused of causing harm
A MAN, charged with attacking his girlfriend, was granted $500 bail in Magistrate’s Court yesterday.
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Bahamian broker’s clients in $1.3m ‘hacking’ fraud
Clients of a now-defunct Bahamian broker/dealer have been accused of abusing its accounts to both conduct and conceal a computer hacking-related securities fraud that netted them $1.3m in collective illegal profits.
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Anthonique Strachan victorious in 200m
In the continuation of what has been an eventful year, sprinter Anthonique Strachan sped to victory in the women’s 200 metres at the 2022 Spitzen Leichtathletik in Lucerne, Switzerland, yesterday.
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$50m project eyes ‘Bali in beautiful Bahamas’
A North Eleuthera developer plans to create “a Bali in beautiful Bahamas” through a mixed-use project forecast to generate up to 200 full-time jobs via a $50m investment in the resort component alone.
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Miller-Uibo ‘still sits in good company’
While she didn’t compete in this year’s Wanda Diamond League Final a week ago in Zurich, Switzerland, quarter-miler Shaunae Miller-Uibo still sits in good company on the all-time list of performers.
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Gaither sixth in 200 metres at Diamond League Final in Zurich
ENJOYING what she described as her best season ever, Tynia Gaither said she’s satisfied with her sixth place finish in the women’s 200 metres at the Wanda Diamond League Final in Weltklasse, Zurich, Switzerland, yesterday.
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Mortgage Corp cuts Nassau loans delinquencies to 30%
THE Bahamas Mortgage Corporation has slashed Nassau loan delinquencies by 20 percentage points, its chair disclosed yesterday, adding that too many borrowers believe they can escape paying because it is government owned.
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Guava duff vendor triumphs in Entrepreneurship World Cup
A BAHAMIAN start-up with ambitions to take guava duff to an international audience says it recently won the local final of the Entrepreneurship World Cup.
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Nurses celebrate as new agreement signed
THE Bahamas Nurses Union was yesterday in celebratory mode with the signing of a new industrial agreement between the BNU and the Public Hospitals Authority, giving them a retention bonus and salary increases.
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Teenager admits stealing property
A teenager was sent to the Simpson Penn Centre for Boys after he admitted to stealing $500 worth of a man’s property.
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Running Mon Marina and Resort purchased by Xquisite Yachts
The Running Mon Marina and Resort in Grand Bahama has been acquired by Xquisite Yachts, an award-winning yacht manufacturing company that plans to invest in the region of $3m to $5m to undertake major upgrades at the property.
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Adrian Gibson drops defamation case
PROSECUTORS have withdrawn charges against Gregory Miller, the man who was accused of defaming former Water and Sewerage Corporation Executive Chairman Adrian Gibson, after the Long Island MP had the case dropped on Friday.
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AML: $17m will create ‘real power destination’
AML Foods yesterday pledged to “create a real power destination” through a total $17m investment that will place its Solomon’s and Cost Right brands side-by-side at the former’s Nassau SuperCentre location.
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‘Misguided’ focus over corporate income tax
The Government’s approach to corporate income tax has been branded “misguided” by a prominent banker because the focus is largely on ensuring compliance with international demands.
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Rape trial date set for man said to be armed with cutlass
A MAN accused of raping a woman while armed with a cutlass will have his trial heard before Justice Bernard Turner in the Supreme Court three months from now.
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Insurers to Gov’t: ‘We’re in this together’ with tax
Bahamian insurers yesterday said they have presented the Government with recommendations for solving the industry’s twin tax-related concerns without causing “disruption or confusion” in the market.
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Gov’t’s ‘precarious finances’ rule out tax offset to inflation
TAX and duty cuts to counter surging inflation are ruled out given the Government’s “precarious finances” and $12b-plus national debt, a governance reformer warned last night.
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