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IMF WARNING TO GOVT ON DEFICIT: Spending expected to outpace income by three times forecast
The International Monetary Fund (IMF) last night blew a hole in the Government’s 2023-2024 Budget projections by warning the fiscal deficit will likely be almost three times’ higher than forecast.
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Gov’t unveils $1m grant to boost ‘food security’
The Small Business Development Centre (SBDC) yesterday received $1m in grant funding that will be distributed between small and medium-sized businesses to boost Bahamian “food security”.
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Junior tennis players off to college showcase in Maples
SEVEN of the country’s top junior players are heading off to Maples, Florida to participate in a college showcase, thanks to their involvement in Island Tennis Bahamas at the Atlantis resort on Paradise Island.
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Spartans win Baha Mar Hoops crown
University of North Carolina at Greensboro Spartans’ forward Mikeal Brown-Jones called the Baha Mar Hoops Nassau Championships one of the greatest tournaments he’s ever played in.
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Sixth Best of the Best Regatta in Montagu Bay this weekend
WITH sailing now officially declared the national sport of The Bahamas, the hype has intensified as the skippers and their crew get their boats ready to compete in the sixth Best of the Best Sloop Sailing Regatta in Montagu Bay this weekend.
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Bahamasair launches flight to open Exuma
Bahamasair last Wednesday launched its inaugural service between Fort Lauderdale and Georgetown, Exuma, with around 50 passengers on the flight.
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ONE ELEUTHERA FOUNDATION – The lurking danger of margarine
IF corn were to be wiped from the face of the earth by a maniacal pathogen, we Bahamians would be lost for breakfast. On just about every restaurant menu throughout the archipelago, one can find “boiled fish”, “stewed fish”, “corned beef”, “tuna”, and “steamed sausage”, all traditionally served with grits.
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Bahamas broker’s clients: ‘We’ll be left with nothing’
Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.
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Wildcats to face Tigers in Battle 4 Atlantis finale
The Villanova University Wildcats snuck past the North Carolina Tar Heels in an 83-81 overtime thriller to advance to their third Battle 4 Atlantis finals yesterday at the Imperial Arena, Paradise Island.
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Giants and Millionaires in NPBA win column
THE TMT Giants and the Mekaddish Millionaires pulled off the New Providence Basketball Association’s double header at the Kendal Isaacs Gymnasium on Wednesday night.
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STATESIDE: Biden seeking to avoid gaffes
US President Joe Biden is known for avoiding live press conferences. In sharp contrast to his predecessor, Biden appears to believe that such largely unrehearsed sessions would expose him to more of the gaffes and errors that have occurred many times throughout his long public career – albeit without the crippling effect of some of his contemporaries’ mistakes and misstatements.
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Battle 4 Atlantis men: Tar Heels to face Wildcats In Semifinals today
THE 12th Battle 4 Atlantis men’s tournament got off to a hot start for the Villanova Wildcats and North Carolina Tar Heels yesterday at the Imperial Arena, Paradise Island.
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CI Gibson Rattlers open up strong in GSSSA basketball
THE CI Gibson Rattlers’ senior girls and boys put the Government Secondary Schools Sports Association (GSSSA) on notice after both earned resounding double-digit wins yesterday against the Doris Johnson Senior High School Mystic Marlins.
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PLP candidate Kingsley Smith wins West Grand Bahama and Bimini by-election
ROUND UP: PLP candidate Kingsley Smith has won the West Grand Bahama and Bimini by-election. In the unofficial vote total, Mr Smith finished with 2,150 ahead of the FNM's Bishop Ricardo Grant with 1,276, Coalition of Independents leader Lincoln Bain with 307, DaQuan Swain, Independent, with 28 and Terneille Burrows, Independent, with four. Don't miss Thursday's Tribune with all the news and reaction from the day's events.
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Commonwealth cuts loan delinquency by up to 5%
Commonwealth Bank says non-performing loans have reduced by between 1-5 percent across all credit segments since year-end 2022 as its portfolio expands faster than market growth.
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Maritime Corps thriving - with some challenges
Recently, the instructors involved in the Bahamas Maritime Cadet Corps (BMCC) held a conclave to discuss both progress and challenges.
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Public sector debt drops $93m during first quarter
Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.
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Witness accused of wrong calculations in Gibson trial case
A SENIOR manager of the Water and Sewerage Corporation (WSC) denied a defence attorney’s suggestion yesterday that she made the wrong calculations when estimating the cost of painting WSC tanks.
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Baha Mar Hoops: Hurricanes clinch men’s title
THE University of Miami Hurricanes made their short trip to the Bahamas a memorable one at the Baha Mar Hoops Bahamas Championships yesterday in the Baha Mar ballroom.
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Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.