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IMF: ‘Progress’ but more needed on crisis regime
The International Monetary Fund (IMF) has praised The Bahamas for “considerable progress” in developing a regime to prevent and address banking industry failures but also warned much work remains to be done.
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Cooper assures ‘no Fyre Festival’ coming here
AS the Fyre Festival makes international headlines over a potential reboot, Tourism Minister Chester Cooper gave an assurance yesterday that the event would never be approved again in The Bahamas.
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PM: ABORTION IS PERSONAL CHOICE – In the case of rape it’s a ‘medical matter’ Davis ‘would have to consider’
PRIME Minister Philip “Brave” Davis said he believes abortion is a personal choice.
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Devynne Charlton advances to semifinals, Steven Gardiner suffers season-ending injury
Devynne Charlton lowered her Bahamian national record yesterday to advance to the women’s 100 metre hurdles semifinals, but Steven Gardiner pulled up and he was unable to complete his men’s 400 metre race.
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NFL Flag Bahamas in search of more coaches, officials
NATIONAL Football League (NFL) Flag Bahamas continues to make preparations ahead of the flag football season, this time hosting an officiating and coaching clinic next month.
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Family Islanders make appeal for better baseball facilities
FAMILY Islanders are making a special appeal to the government for better baseball facilities on their respective islands.
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DeMarco: ‘We should not take this for granted’
AS the FIBA Pre-Qualifying Tournament came to a close on Sunday night with the Bahamas winning the title over Argentina, a few players were highlighted for their performances.
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Bahamas to upgrade renewable road map
The Government yesterday signed an agreement to "update" the road map for ensuring that 30 percent of The Bahamas' energy needs are derived from renewable sources by 2030.
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VAT’s $350m gap causes ‘challenge’
A governance reformer yesterday acknowledged it would have been a “challenge” for the Government to bridge the $350m gap to its full-year VAT target during the final two months of the 2022-2023 fiscal period.
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Promotion Board chief: 'Revenge tourism' over
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive yesterday said the destination requires a "concerted marketing effort" to outpace the competition now that post-COVID “revenge tourism is over".
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FACE TO FACE: Commonwealth Women’s Affairs Ministers Meeting – planning for the advancement of women
IN The Bahamas, gender-based violence is a pervasive issue. Incidents of sexual molestation against children, especially girls, sexual assault, domestic violence and femicide continue to shock this small nation, in particular, New Providence, the capital. Families are being destroyed, lives are being lost, and the society is hurting due to these heinous acts. Indeed, violence and murder on the whole negatively impact the progress being made as an independent nation, now celebrating 50 years.
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IMF: Bahamians need more protection from bank failure
Bahamian depositors have inadequate protection against “the failure of the largest credit union or any medium-sized bank”, the IMF is warning, as it urged that coverage more than double in percentage terms to $120m.
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DPM targeting ‘best year in Bahamas history’ on tourism
The deputy prime minister yesterday predicted that “barring an act of God” this nation can look forward to the “best year ever in the history of The Bahamas” with tourist arrivals 30 percent up on pre-COVID highs.
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‘Flabbergasted’ at Royal Caribbean’s PI approval
A Bahamian environmental advocate yesterday said she was “flabbergasted” that Royal Caribbean’s Paradise Island project has been given the go-ahead, adding: “I don’t understand how they think they’re going to pull it off.”
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Central Bank advancing financial crisis ‘playbook’
The Central Bank’s governor yesterday asserted The Bahamas “is advancing efforts” to guard against a domestic financial crisis with the authority set to oversee these efforts potentially formed “within the next six months”.
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Domes to be repurposed, ‘not suitable for humans’
DISASTER Reconstruction Authority executive chairman Alex Storr said the authority no longer supports using domes as temporary homes, finding the structures unsuitable for “human occupation”.
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Royal Caribbean: Don’t hold us to higher standard than Atlantis
Royal Caribbean asserts it would be “highly inappropriate” to hold it to a higher standard than Atlantis and other developers with its Bahamian head optimistic there will be no “conflict” with the Paradise Island mega resort.
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WARM WELCOME HOME: Swimmers bring home 129 medals - 55 gold - from Goodwill Games
Prime Minister Philip Davis said Bahamas Aquatics can be assured of the Bahamas Government’s support as they continue to excel in the Goodwill Games as they have done in CARIFTA Swimming.
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Minister Bowleg: ‘There were tears of joy to see this come to a reality’
MINISTER of Youth, Sports and Culture Mario Bowleg said he was pleased with what he saw from the men’s national basketball team in La Banda, Argentina.
