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Man charged with possession of dangerous drugs with intent to supply
A MAN was granted $1,000 bail after he was accused of having drugs last weekend.
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More than 100 investors at risk of losing crowdfund investment
A former Colina Insurance Company chief and at least 115 fellow investors are in peril of losing most, if not all, their combined $2.4m-plus investment in the insolvent ArawakX crowd-funding platform.
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ArawakX ‘to be reported’ to police amid $4m insolvency
The Bahamas’ first-ever crowd funding platform is suffering from a near-$4m insolvency, its provisional liquidators have asserted, as they prepare to report “multiple criminal infractions” to the police.
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'Phenomenal': Carnival's extra $100m to drive 5.5m GB cruise tourism surge
Carnival's extra $100m investment to double the volume of ships its new port can handle will lead a cruise-driven 5.5m visitor surge to Grand Bahama in 2028, it was revealed yesterday.
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Gov’t eyes $140m ‘accrual’ over corporate income tax
The Government is exploring how Bahamas-based companies that will pay the new 15 percent corporate income tax can “accrue” a projected $140m in revenues before the enabling laws are enacted.
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EU blacklist escape blocks double-digit insurance rise
Bahamian households and businesses yesterday escaped potential double-digit increases in insurance costs after this nation secured its removal from the European Union’s (EU) tax blacklist.
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Bahamas must feed itself to be ‘truly independent’
A CABINET minister yesterday asserted that The Bahamas can only be “truly independent” if it achieves food security where its citizens are able to feed themselves.
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INSIGHT: Causes of crime not new, but deepening – what now?
“Hate multiplies hate, violence multiplies violence, and toughness multiplies toughness in a descending spiral of destruction.” - Martin Luther King, Jr.
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Bahamas set to reach tourism's final frontier
The Bahamas has signed a first-stage agreement with SpaceX, the rocket and spacecraft maker founded by billionaire Elon Musk, which will position it as a destination from which to watch booster landings.
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GOVT RULES SET ON CITIZENSHIP DNA – Darville: Details ‘soon’ after ruling by Privy Council
THE Davis administration has finalised its genetic testing protocols for people affected by last year’s landmark Privy Council ruling and will soon release more details about the procedures, Health and Wellness Minister Dr Michael Darville said on Friday.
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Balance required on ‘more intrusive policing’
THE response to the recent spike in murders has seen a particular trend – with a greater emphasis on police action balanced against the question of human rights.
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Cruise port principal demands $2m back
A PRINCIPAL behind the Long Island cruise port project is demanding that a Bahamian law firm refund him $2m sent for a separate investment deal in the Exumas that “never took place”.
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Contractor awarded $63,000 in multi-million Palm Cay fight
A major eastern New Providence development has been ordered to pay a former contractor $63,047 after an acrimonious battle involving competing claims over breaches of two multi-million building contracts.
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EDITORIAL: Do not turn a blind eye to those struggling
THERE is a problem that besets many in our nation that we sadly too often turn a blind eye to – the issue of homelessness.
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Sandals insulated from Stewart family’s battle
THE Sandals resort chain’s governance and management will not be impacted if the trustee overseeing its late founder’s estate and a $334m cash pile are removed, the Chief Justice has ruled.
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Gov’t deserves fiscal praise but should now look to IMF
The Bahamas is now three years into a recovery from the devastating effects of Hurricane Dorian and the COVID-19 pandemic, which hit the country only four months apart in 2019- 2020 and wreaked havoc on the economy.
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Housing crisis needs solving
It has long been accepted that there is a severe affordable housing crisis here in the capital island of New Providence. This did not just pop up out of the proverbial blue but has been fueled by the apparent lazy, laid back modus operandi and non-innovative approach of our home grown urban designers and politicians, across the political chess board.
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Taxable transactions plunged by $1.26bn at COVID's peak
Taxable goods and services transactions plummeted in value by $1.264bn during the COVID pandemic's peak due to lockdowns and other economic restrictions, it has been revealed.
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Fisheries warning on Royal Caribbean's Xanadu deal
Bonefish conservationists last night voiced concerns about potential negative impacts for a key fisheries spawning ground if Royal Caribbean's proposed Xanadu Beach Hotel acquisition proceeds.
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Milo Butler to distribute two more Bahamian producers
A major wholesaler has agreed to distribute the products of two more Bahamian food producers via an agreement with the Bahamas Agricultural and Industrial Corporation (BAIC).