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‘Room for improvement’: Trade deficit expands 28% to $1.09bn
The Bahamas Trade Commission’s chairman yesterday said “there’s a lot of room for improvement” after this nation’s trade deficit expanded by almost $184m or 28 percent year-over-year to hit $847m in the 2023 second quarter.
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Bahamas trade deficit up $325m at five-year high
The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.
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'Particularly concerning': Imports expand 10x faster than exports
The Bahamas Trade Commission's chair yesterday said it was "particularly concerning" that this nation's imports have increased "ten-fold" compared to export growth with the country's National Trade Policy set for imminent release.
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DR KENT BAZARD – Warming up: More than just breaking a sweat
AS we step onto the field, court or track, the prelude to performance often takes a backseat to the main act.
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Abaco energy woe 'worst that I can ever remember'
A prominent Abaco official says yesterday was the first day in two weeks to largely pass without a power outage as he revealed that the island's energy woes are "the worst that I can ever remember" apart from Dorian's immediate aftermath.
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'Resounding no' to Business Licence filing extension call
The Government was yesterday said to have rejected calls to extend the Business Licence filing deadline despite multiple companies complaining they were unable to access its online tax payment portal.
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Separate GBPA's assets from regulatory functions
The Grand Bahama Port Authority's (GBPA) regulatory functions must be "separated" from its assets to prevent it self-regulating businesses owned by its shareholders, a Freeport hotelier urged yesterday.
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CCA: Reverse Baha Mar sabotage 'in its entirety'
Baha Mar's contractor is seeking to overturn "in its entirety" a New York judge's verdict that it sabotaged Baha Mar's completion and orchestrated Sarkis Izmirlian's removal as the project's developer.
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BTC targets Internet lead with 90% fibre coverage
The Bahamas Telecommunications Company (BTC) is aiming to cover 90 percent of New Providence with its new fibre network within the next nine months as it placed broadband Internet at the core of yesterday's corporate rebranding.
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Atlantis and Wendy’s in covenants dispute
Atlantis is at odds with the Wendy's franchise holder over whether restrictive covenants exist to block the latter's plans to convert Paradise Island's former Scotiabank branch into a fast food restaurant destination.
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Sir Franklyn's developer in $7.5m battle with MIT chair
Sir Franklyn Wilson's Eleuthera Properties is locked in a legal battle with Massachusetts Institute of Technology's (MIT) chairman emeritus over the latter's bid to exit his $7.5m investment in the Bahamian developer.
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Atlantis and PI hotels unite to bar Wendy's
Atlantis has joined forces with other resorts and developers in a bid to bar the Wendy's and Marco's Pizza owner from converting Paradise Island's former Scotiabank branch into a fast-food restaurant destination.
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'Throwing darts': PM pledges 'decisive action' on Freeport
The Prime Minister's decision to put the Grand Bahama Port Authority's (GBPA) owners on notice that he plans to take "decisive action" to halt Freeport's two-decade decline yesterday provoked mixed reactions from residents and politicians.
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Mitchell hits back at Gibson's 'lack of confidence' claim
Progressive Liberal Party Chairman Fred Mitchell said Shane Gibson's suggestion that the PLP has no confidence in him as chairman does not add up. Instead, he said, Mr Gibson's choice to withdraw from the race shows he has no confidence in himself.
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GB needs Port Authority to 'makes things happen'
A Cabinet minister yesterday asserted that both Freeport and Grand Bahama need a Port Authority that is "progressive" and "makes things happen".
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Opposition demands BPL load shed clarity
The Opposition's leader is arguing the Government's failure to build on the Bahamas Power & Light (BPL) reform strategy that it left in place is likely responsible for the utility's renewed resumption of load shedding.
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Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
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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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Bahamas Games tennis: Wins for Andros, New Providence and Grand Bahama
DAY one of the tennis competition in the Golden Jubilee Bahamas Games at the National Tennis Centre saw some exciting matches as Andros, New Providence and Grand Bahama all prevailed in their team matches.
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'Far from over' on Royal Caribbean PI project
A former Bahamas National Trust (BNT) executive says environmental advocates were able to make "progress" in raising their concerns at last week's hearing on Royal Caribbean's Paradise Island project, adding: "This is far from over."
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