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Make Gov’t debt ‘best in country’

A well-known businessman is arguing that the Government’s securities must again become “the best debt in the country” as he hailed the Central Bank’s reversal of its public brokerage services.

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Air arrivals hit 85% of pre-COVID levels

Total air arrivals to The Bahamas rebounded to 85 percent of pre-COVID numbers during April, more than doubling prior year numbers for a period that included the peak Easter holiday weekend.

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Super Value transport budget up 47% as gas prices strike

Super Value’s principal yesterday said shoppers have “cut back drastically” on luxury items to make every dollar count, while revealing the supermarket chain’s own transportation budget has soared 47 percent.

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COVID collapse sparked rare $1.7bn ‘dual deficit’

Tourism’s “collapse” at COVID-19’s peak “exposed the fragility” of The Bahamas’ current economic model by producing rare twin goods and services trade deficits worth a combined $1.7bn.

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Foreign reserves stay over $3bn despite May decline

The Bahamas’ foreign currency reserves closed May 2022 above $3bn despite a $65m drop-off during the month, with the Central Bank reiterating its belief that they remain “more than adequate” to sustain the US dollar peg.

Retailers enjoying rebound in Independence Day sales

Retailers yesterday said Independence Day sales are much stronger than last year with one reporting a 10 percent year-over-year increase.

Retailers: We wanted ‘broader’ Budget cuts

Bahamian retailers have been left disappointed by Budget tariff cuts that were “not as broad-reaching as we’d have liked”, adding: “Ten percent of something is better than 45 percent of nothing.”

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Bahamas suffers loss to Dominican Republic

SENIOR MEN’S NATIONAL BASKETBALL TEAM IN FIBA WORLD CUP 2023 AMERICAS QUALIFIERS

Chavano “Buddy” Hield put on a show playing in front of the home crowd for the first time as a pro, but a fourth quarter rally from Team Bahamas fell just short as they lost the final game in the third window of FIBA World Cup 2023 Americas Qualifying opening round play.

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Chief Justice: Bail murders a matter for law enforcement

WHILE admitting that the courts must focus on getting cases to trial as soon as possible, Chief Justice Sir Brian Moree said violence against people on bail is a matter for law enforcement.

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SPAIN’S CLAIM ON SUNKEN TREASURE: Legal battle looms over who has rights to galleon’s fortune

The Bahamas faces a battle with the Spanish government to lay claim to sunken treasure and historical artifacts worth potentially millions of dollars that lie within this nation’s waters.

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TARGET STATES SENDING GUNS: Rolle says police have identified key suppliers for Bahamas criminals

THE Royal Bahamas Police Force has pinpointed three US states as points of origin for illegal guns that are turning up in The Bahamas.

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National Independence Cycling Championships: Daley, Sawyer split titles

IN a fierce battle over the past two days, Spanish Wells’ Lorin Sawyer and Kevin Daley split the men’s time trials ands road race titles at the Bahamas Cycling Federation’s National Independence Cycling Championships.

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Gov’t turns down Ginn bid and plan

The Government has rejected a bid to acquire the former Ginn sur mer project, which planned to construct a 28-storey “iconic tower” modelled on Alexandria’s ancient lighthouse, in its present form.

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DIANE PHILLIPS: Growing the economy doesn’t happen when you do what you’ve always done

PRIME Minister Philip “Brave” Davis set off a maelstrom of misdirected mischief when he announced elimination of duty on pleasure boats, a concept that goes back decades and was intended to come to fruition at least ten years ago.