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National debt breaks $10bn
The Government last night confirmed that The Bahamas’ national debt had breached the $10bn mark due to the borrowing blow-out inflicted by the combination of COVID-19 and Hurricane Dorian.
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‘Pass bill so candidates can be properly scrutinised’
A governance reformer has said the Integrity Commission Bill should be passed to allow for an independent body to be able to scrutinise and vet the disclosures of election candidates.
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‘Pass bill so candidates can be properly scrutinised’
A governance reformer has said the Integrity Commission Bill should be passed to allow for an independent body to be able to scrutinise and vet the disclosures of election candidates.
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Dennis Dames declares war
As a Free National Movement (FNM) supporter since the 1970s, I am ready to cast my net on the other side. The party has been transformed in to a sweetheart political organisation – where the leaders appear to be following in the footsteps of their whore-mongering predecessors.
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RoyalStar poised to acquire agency owned by shareholder
RoyalStar Assurance and its parent are poised to acquire the insurance agency operations of one of their major shareholders, multiple industry sources have revealed.
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Gross govt borrowing leaps four-fold to $2bn
The government’s gross borrowings leapt four-fold year-over-year to more than $2bn during the six months to end-2020, it was revealed yesterday, exceeding what was projected for the full fiscal year.
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Clarke and Blazers suffer second straight match loss
SYDNEY Clarke and her University of Arlington Blazers at Birmingham suffered their second straight match loss, dropping a 5-2 decision to the Georgia Tech Yellow Jackets on Friday at the Ken Byers Tennis Complex in Atlanta.
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Brewery’s $1.331m loss exposes COVID fall-out
Commonwealth Brewery yesterday unveiled a negative $11.685m bottom line reversal as full-year 2020 revenues slumped by 28.4 percent due to COVID-19’s economic devastation.
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PM 'not minded' to allow oil drilling
PRIME Minister Philip Davis said he is “not minded” to allow oil drilling in The Bahamas and is completely opposed to oil exploitation in the country.
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Aliv set to double Cable ‘contribution’
Aliv is on track to double last year’s $8m “contribution” to Cable Bahamas’ results, its top executive revealed yesterday, while reiterating it was “never a quick dash to the finish line” on net profitability.
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Hospital ‘must beat misperception’ that it’s not affordable
Doctors Hospital “must beat misperceptions” that its healthcare services are too expensive to be accessed by middle and lower income Bahamians, its chief financial officer says.
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‘We need more from resident billionaires’
The Bahamas “needs a little more than residency” from the multiple millionaires and billionaires that reside within its borders, an accounting firm’s principal is urging.
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Seven held in $330k drug bust
FIVE men and two women were arrested after a police search netted 13 croker sacks of suspected marijuana with an estimated street value of $336,000.
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Target ‘big boys’ first with corporate taxes
The Bahamas should initially only target companies generating more than $5m or $10m in annual net profits with a corporate income tax, a well-known attorney is arguing.
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BTC facing ‘day by day’ fight on mobile rebound
The Bahamas Telecommunications Company (BTC) faces “a real day-by-day fight” to reclaim mobile market share lost to Aliv, its newly-appointed chief executive has admitted.
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‘Coach Yo’ agrees to new, 4-year contract extension
The Ole Miss Rebels displayed their long term commitment to head coach Yolett McPhee McCuin and her vision for the women’s basketball programme with her second contract extension since she was named head coach in 2018.
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End to 12% VAT realty rate ‘shows we mean business’
Realtors yesterday hailed the Government’s decision to eliminate the 12 percent VAT rate on high-end property sales as “a very solid move”, adding: “It shows we mean business.”
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National debt just under economy’s size at 98.4%
The Bahamas’ national debt was just less than the size of the economy at end-September 2021 after increasing to almost $10.5bn over the previous three months, it was revealed yesterday.
