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Central Bank: ‘Stay alert’ on credit card fraud rise

The Central Bank is urging Bahamians “to stay alert” due to an increase in credit card fraud incidents.

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'US laws' hit cruise line's Bahamas ticketing policy

A cruise line popular with Bahamians yesterday disclosed that US "laws and regulations" have forced it to stop selling one-way tickets for voyages out of Freeport to West Palm Beach.

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US donates generators and reverse osmosis systems to NEMA for shelters

THE United States government donated 28 generators that will be deployed to shelters in seven Family Islands and six reverse osmosis systems.

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Water Corp debt to main supplier grows to $16.6m

The Water & Sewerage Corporation's outstanding debts to its main BISX-listed reverse osmosis supplier increased slightly to $16.6m during the 2023 first quarter despite government pledges to eliminate this, it was revealed yesterday.

Tourism engaging Margaritaville at Sea to reverse GB ticket decision

THE Ministry of Tourism, Investments & Aviation said it is engaging Margaritaville at Sea to reverse its decision to no longer allow trips from Grand Bahama to Florida, calling the service essential to Grand Bahama residents.

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‘Non-controllable’ cost surge blocks bank matching 2022

Commonwealth Bank believes it would have come close to matching 2022’s “extraordinary” nine-month profitability had it not been for $3m in new Business Licence fees and utility costs “more than doubling”.

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Water Corp cuts debt to main supplier by $5.2m

The Water & Sewerage Corporation’s debt to its main BISX-listed supplier was slashed by 24 percent during 2022 to $16.3m at year-end, although close to two-thirds of that sum remained delinquent.

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WSC worker killed as water tank collapses

A 42-year-old Water and Sewerage Corporation employee died during a freak accident in Sweeting’s Cay over the weekend.

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National debt shrinks $77m in third quarter

The Bahamas’ national debt shrank by almost $77m during the 2023 third quarter but this proved insufficient to reverse the total $400m-plus growth incurred over the prior 12 months, it was revealed yesterday.

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.

Harbour Bay parking

Annoyance is a mild description when trying to shop at Harbour Bay Shopping Centre – where do the potential shoppers park?

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Bail for man accused of shop breaking

A MAN was granted $5,000 bail after he was accused of breaking into the same shop twice in Cat Island earlier this month

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Hotel Union protests firing of Atlantis shop steward

BAHAMAS Hotel, Catering and Allied Workers Union (BHCAWU) members protested in front of the Department of Labour yesterday after Atlantis terminated the resort’s chief shop steward.

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Hotel expansion: ‘All our fears come true’

Two prominent Bahamian businessmen yesterday voiced fears their area’s property values will be undermined if a Bahamian hotel’s planned expansion worsens existing traffic and noise woes, adding: “All our fears have come true.”

Bet on web shops

I am by no means a proponent of our web shops and more so, how they came to legitimacy following a plebiscite which clearly said the Bahamian people were against them being legitimised.

Moody’s 3% growth forecast ‘not strange’

A former Cabinet minister yesterday said Moody’s forecast of 3 percent economic growth for The Bahamas in 2023 is “nothing strange” and reflects the country’s reversion to traditional performance after the post-COVID recovery.

Show your support, shop locally

1000% support import substitution only wish the biggest substitution would occur… Shopping in Miami Substitution but then, so the officials say, that is a divine right. Local production must never cause inflation and exorbitant increase in comparison pricing of foreign against local.

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Man charged with stealing $5k of cigarettes from shop

A MAN was ordered to pay $5,000 bail after being accused of a shop break-in in Eleuthera that led to the theft of more than $5,000 worth of cigarettes.

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Investors in $18m boost as bank beats target 10%

Commonwealth Bank yesterday said it beat 2022 profit targets by 10 percent as it used its record net income to return $18m to shareholders via two extraordinary dividend payments.

Briland ‘emergency’ over utility outages

Briland residents were yesterday said to be holding an “emergency meeting” after power and water outages disrupted the tourism hot-spot’s Thanksgiving and run-up to the peak winter season.