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‘You’ll never claw back’: Deficit five times’ target

The Opposition last night charged that “the Bahamian economy has never performed so aggressively as to wipe out a $300m shortfall” after the Government unveiled a deficit over five times’ its full-year target.

Atlantis drops legal appeal over Wendy’s PI restaurant

Wendy’s last night said it is tasting success in its “long and hard-fought battle” to expand to Paradise Island after Atlantis agreed to drop its Supreme Court challenge to the proposed restaurant.

Deltec close to settling $13.475m US Justice Department dispute

A Bahamian bank is close to resolving its dispute with the US Justice Department over the ownership of $13.475m that was seized by the federal authorities for allegedly being generated by a massive fraud.

Ex-MP blasts sewage woe at North Eleuthera Airport

A former MP yesterday blasted the sight and smell of raw sewage that he says greets Bahamian travellers and tourists when walking between terminals at North Eleuthera’s airport.

Bahamas’ total debt now exceeds $13bn

Total Bahamian public sector debt grew by $312.8m over the previous year to exceed $13bn at end-December 2024, it was revealed yesterday, “driven” almost entirely by central government borrowing.

Bahamas’ annual inflation in greatest fall for three years

The Bahamas’ monthly inflation rate enjoyed its first decline for four months in November 2024, it was disclosed yesterday, while the annual version also fell for the fifth straight month.

Public transport Wi-Fi link-up billed as cutting data costs 90%

The Bahamas Telecommunications Company (BTC) yesterday unveiled a partnership to provide free wireless Internet service on 150 buses and taxis and slash their ‘unlimited data’ costs by 90 percent.

‘Unjust disadvantage’ for Bahamian airlines

A senior aviation executive yesterday warned Bahamian airlines and charters will be placed at “an unjust disadvantage” by six-fold and greater fee increases proposed for this nation’s air navigation services regime.

Commission to gain $10m for protecting FTX assets

The Supreme Court has approved a $10m payment to the Securities Commission to compensate for safeguarding assets belonging to FTX victims in the wake of the crypto exchange’s November 2022 collapse.

Freeport’s Bazaar awaits update on Gov’t purchase

One of the International Bazaar’s 13 owners yesterday said it is awaiting an update on efforts to sell the property from the Government’s attorney, and added: “We’ve lost millions of dollars in that investment.”

Norman’s Cay ‘sold out’ on SpaceX’s booster landing

A former Bahamian rocket scientist with NASA yesterday asserted that “Norman’s Cay is sold out” with other nearby destinations also fully booked ahead of today’s SpaceX rocket booster return.

Ex-Governor: More competition vital among banks, workforce

A former Central Bank governor yesterday challenged whether The Bahamas is willing to expose itself to the “risk” of greater competition from foreign workers as a means to boost productivity and drive down costs.

Bahamas ‘well protected’ by US exchange rate peg

A senior Central Bank executive yesterday asserted that The Bahamas is “well protected” by its fixed exchange rate peg to the US dollar despite fears that the latter may depreciate due to inflation and trade wars.

Whale habitat fears on SpaceX booster return

Bahamian marine mammal scientists last night blasted the lack of consultation over today’s SpaceX rocket booster return as they voiced fears it will land in Exuma Sound’s whale habitat.

Fly fishing president slams lodges disguised as rentals

The Ministry of Agriculture and Marine Resources yesterday awarded $150,000 to the Bahamas Fly Fishing Industry Association (BFFIA) to help with the training of local guides and conservation efforts.

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