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Give up pension ‘bargain’ to save future generations

Bahamians must give up the “bargain” of their generous National Insurance Board (NIB) pension to prevent “future generations” facing an unsustainable financial burden, it was revealed yesterday, as “the day of reckoning” arrived.

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Cheque volumes fall 7.5% annually over past decade

The Central Bank’s governor yesterday said cheques cleared via the Bahamian banking system have decreased by 7.5 percent annually over the past decade with businesses, especially, dropping an instrument “very susceptible to fraud”.

Development Bank aided by $20m NIB bond switch

Some $37m in Bahamas Development Bank (BDB) bonds held by the National Insurance Board (NIB) were converted into a long-term 20-year loan as the lender’s solvency deficiency rose to $13.629m at year-end 2020.

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$20m housing financing ‘shouldn’t be secret deal’

The Opposition’s finance spokesman was yesterday less than impressed with the Government’s efforts at “transparency” over its flagship $20m housing initiative, asserting: “This should not be a secret deal.”

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‘We need specialists to encourage inclusion’

A PERSON who identifies as gender neutral has said the country needs more people who specialise in LGBTQ+ issues to encourage greater inclusion in society.

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Records could be expunged for emergency order breaches

AN amendment to the Rehabilitation of Offenders Act will allow for people convicted of certain criminal offences - including Emergency Order violations - to make “immediate application” to have their records expunged.

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Patients face wait over critical bed shortage at PMH

Scores of patients are being forced to wait long hours in order to be admitted to PMH due a critical bed shortage at the facility.

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‘Speedy Stevie’ will be missed at Worlds

Head coach Rupert Gardiner said it was devastating when he got the news that Steven ‘Speedy Stevie’ Gardiner will not be able to travel this week to Eugene, Oregon with Team Bahamas for the World Athletics’ 2022 World Championships.

Miller elated to be on National Honours list

IMMEDIATE past Bahamas Olympic Committee president Wellington Miller said he’s elated to be included with former world boxing champion Everette ‘Elisha Obed’ Ferguson in the list of honourees for the 2022 National Honours.

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Wentia helps to keep her father Wenty Ford’s legacy alive at baseball camp

SHE was too young to remember the exploits of Wenty Ford as a Major League Baseball pitcher with the Atlanta Braves, but Wentia Ford-Diagne said she’s so glad that there are so many memories of her father that she can still rely on to help keep his legacy alive.

Retailer’s Independence sales on pace to ‘triple’

A Bahamian retailer yesterday said sales of Independence Day memorabilia are on track to triple year-over-year, with business so strong he has had to “turn some away”.

‘No impact’ to tourism from US COVID surge

The Bahamian tourism industry has seen “no impact” from the recent rise in COVID-19 cases in the US, a senior hotelier said yesterday.

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07132022 EDITION

Wednesday, 13th July, 2022.

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Banks and regulator seek to ‘mute’ cheque-end dissent

The Central Bank yesterday removed from its website a document seeking bids for a campaign “to mute” opposition to the elimination of cheques after the language used was questioned by Tribune Business.

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BISX ‘on it’: Exploring carbon credit potential

The Bahamas International Securities Exchange (BISX) is exploring whether to add carbon trading to its business model, its chief executive pledging: “We’re on it.”

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Ex-BPL union chief wants 74-month payout restored

A former Bahamas Power & Light (BPL) managerial union chief will today seek permission to appeal a verdict that slashed his “handsome windfall” of $621,000 in termination compensation by more than 75 percent.

Bahamas tariff model deemed ‘back to front’

The Bahamas’ tariff structure is the reverse of the conventional model applied by most countries to protect domestic producers from foreign competition, the draft National Trade Policy argues.

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NIB fund hit for $190m by COVID

A $190m deficit blow-out triggered by COVID-19 resulted in the National Insurance Board’s reserves slumping to $1.54bn at year-end 2020, it can be revealed.

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Anti-gang operation ends with 27 arrests

TWENTY-seven people were arrested early yesterday morning for alleged gang related crimes.

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Minnis accuses Munroe of prejudicing police probe

FORMER Prime Minister Dr Hubert Minnis has accused National Security Minister Wayne Munroe of prejudicing investigations into an incident involving a Cabinet minister and a Royal Bahamas Police officer.