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COVID-19 sparked $200m private pension drawdown
Financially-stricken Bahamians drew down on more than $200m in private pension savings to ensure they survived COVID-19’s devastating economic impact, a financial executive revealed yesterday.
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Minister: ‘Nothing wrong’ with the Bahamas’ bonds
A Cabinet minister yesterday asserted “there’s nothing wrong” with The Bahamas’ economic and fiscal standing even though its long-term sovereign debt is trading at greater than 40 percent discounts with yields at 18-19 percent.
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FTX to hire more than 100 Bahamians for crypto work
The Bahamas’ digital assets flagship is pledging to hire more than 100 locals as crypto currency specialists among the 700-strong full-time workforce that will staff its $60m West Bay Street headquarters.
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Six diplomats sworn in
SIX new diplomats were officially sworn in during a special commissioning ceremony at Baha Mar yesterday.
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Public works inspection of cruise port
I just stopped by briefly to ask for your permission for this letter to be published because I believe that what I have observed may not have been brought to the attention of the Bahamian people.
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Kai Jones, Ayton and Hield in action tonight
The 2022-23 NBA season officially tipped off last night. However, Bahamian players are scheduled to get their respective campaigns underway tonight.
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Professional basketball player Tavario Miller stars in Japan
TAVARIO Miller began a new chapter in his pro basketball career in Japan and has emerged as a leader for his title contending club.
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Next set of basketball games at Loyola Hall on October 20
THE 2022 Bahamas Catholic Board of Education (CBE) Primary Schools Basketball Season kicked off on Friday, October 14 at Loyola Hall, Gladstone Road.
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Trade deficit leaps 15.6% to $715.1m
THE Bahamas’ trade deficit increased by 15.6 percent to $715.097m during the 2022 first quarter as cross-border flows continued to rebound from the COVID-19 related restrictions of the year before.
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Bahamian on board as boat intercepted
ALMOST 100 people, mostly from Haiti but including one Bahamian, who were rescued from an overcrowded boat off the Florida coast had no food or water for two days, according to the US Coast Guard.
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Grand Bahama Power ‘very advanced’ on 20MW solar installation
Grand Bahama Power Company is “at a very advanced stage” in formalising four separate projects that will collectively provide 20 Mega Watts (MW) of solar generation capacity for the island’s grid.
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Card spending rose 57% during COVID
Credit card spending in The Bahamas increased by 57 percent year-over-year during the peak of the COVID-19 pandemic as consumers transitioned to digital and online payments, a survey has disclosed.
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Bahamas 15th in region for COVID-19 deaths
THE Pan American Health Organisation’s Health in the Americas country profile has revealed The Bahamas ranked 15th in the region for the number of COVID-19 released deaths from 2020 and 2021.
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COVID’s ugly reach
Nearly one in 20 people who were infected by COVID have not completely recovered. That is a six to 18 month corridor from time of infection. 42% claim to have only partially recovered from the infection. Most people recover fully from the infection, but some people develop a wide variety of long-term problems. The government needed to understand Long COVID as an essential to forming health and social care policy and supports.
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Jacobi Bain in ITA Cup spotlight
JACOBI Bain’s season has been highlighted thus far by two wins in three days at the ITA Cup Tennis Championships in Rome, Georgia.
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Athletes flock to inaugural Government High Cross Country Championships
A PAIR of University of the Bahamas Mingoes track and field team-mates took their share of the spotlight, while there were a couple of new faces that emerged to the forefront during the inaugural Government High Cross Country Championships.
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World Baseball Classic Pools finalised
THE World Baseball Classic Pools have been finalised and the Bahamians on Great Britain’s roster now know their path toward further history making milestones at the event.