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Petroleum retailers agree to 'phased in' margin increase
Bahamian petroleum retailers yesterday said they will accept a "phased in" 30 cent per gallon margin increase as they urged the Prime Minister to meet with the sector this week "to put this baby to sleep".
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PI Wendy's: Bank restriction expired almost 50 years ago
The only firm restriction governing how the disputed ex-Scotiabank location on Paradise Island can be used expired almost 50 years ago in 1975, Tribune Business can reveal.
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'Why I don't care to see Gov't takeover of GBPA'
A Bahamian investor has highlighted the contrasting treatment his project received in Nassau and Freeport to explain why he "does not care to see the Grand Bahama Port Authority (GBPA) fall into the Government's hands".
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Crawfish oversupply to hit local fishermen
A Bahamian seafood processor yesterday confirmed that a global over-supply of lobster is driving relatively low prices for local fishermen at the opening of crawfish season.
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Ex-Sky chief blasts 'travesty of justice'
Sky Bahamas principal yesterday slammed as "a travesty of justice" a Supreme Court ruling that ordered the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA).
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Dorian 'hangover' cuts outlook for the Summit
A Bahamian insurer yesterday voiced optimism it will soon break free of its "Hurricane Dorian hangover" and escape any potential downgrade by the industry's main creditworthiness assessor.
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Insurer doing 'everything to remedy' Cayman breaches
Bahamas First's top executive yesterday pledged it is doing "everything possible to remedy" its Cayman Islands' subsidiary's non-compliance with that territory's health insurance regulations due to a claims processing "backlog".
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BPL: 8% 'crazy growth' in New Providence
A senior Bahamas Power & Light (BPL) executive yesterday said the utility had seen "crazy growth" in customer demand over the summer with New Providence's peak load increasing by 8 percent year-over-year.
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Moody’s: Govt must broaden revenue
Moody's yesterday asserted that hitting the Government's fiscal targets "rests on broadening the revenue base" as a prominent banker urged the administration: "Stop saying no new taxes."
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FNM chief: Ensure GB still perceived as 'fertile ground'
The Opposition's leader yesterday called on the Government to urgently dispel any notion that PharmaChem Technologies' "devastating closure" was caused by local ease of doing business impediments.
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AML loses receiver bid over attorney's assets
An attorney and grandson of Sir Milo Butler has successfully fought-off a BISX-listed retail group's bid to appoint a receiver over his 25 percent interest in the family's trust.
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Deficit's 75% cut hinges on $400m revenue surge
The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.
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FTX Bahamas liquidators not 'nuked' from reversal
The Bahamas' status as a non-nuclear power did not influence the decision to refuse FTX's local liquidators relief from the worldwide asset freeze imposed by Chapter 11 bankruptcy proceedings, a Delaware judge has asserted.
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NIB rate increase called 'absolute balancing act'
A senior hotelier yesterday urged the Government to be "judicious" with the size of future National Insurance Board (NIB) contribution rate increases as he described the situation as "an absolute balancing act".
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RF fund's $120m excess is 'good problem to have'
A Bahamian investment bank says its largest mutual fund is receiving investor subscriptions as fast as it can invest them, branding the situation as "a good problem to have".
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Crackdown on tax cheats 'most co-ordinated' ever
The Government is launching its "most co-ordinated effort" ever to crackdown on tax cheats with its success in collecting hundreds of millions in outstanding revenue critical to avoiding "increased tax rates".
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Bahamas ‘tops’ 5m visitors to end-June
The Ministry of Tourism's top official yesterday disclosed that visitor arrivals breached the five million mark for the 2023 half-year although higher-yielding stopovers and air arrivals remained slightly down on 2019's "banner year".
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Cruise port leases Kelly's dock for ground transport
Nassau Cruise Port's (NCP) chief executive says the new taxi call-up system will have a dedicated sales desk and better organisation for visitors seeking transportation following Friday's opening.
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Judge: 'Now clear' Baha Mar sabotaged by CCA
Sarkis Izmirlian yesterday secured a major legal victory after a New York judge ruled "it is now clear" that China Construction America (CCA) sabotaged Baha Mar's completion and orchestrated the developer's removal.
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Tie 'pieces of puzzle' for better corruption ratings
The Bahamas was yesterday urged to "tie together" all the initiatives it has undertaken to combat graft after it maintained its 30th spot in Transparency International's corruption perceptions index.
