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Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
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‘Can’t look other way’: Queries on 47% of Business Licences
A Cabinet minister yesterday said the tax authorities simply “cannot look the other way” when 47 percent of Business Licence applicants are submitting no turnover or “exactly the same amount for the last three years”.
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Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."
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STATESIDE: Restlessness in the US over amount of aid to Ukraine
THERE’S been a lot of talk since the beginning of this year about American resolve.
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Watson: ‘we don’t know what decision has been made’ on NIB increase
PRESS secretary Clint Watson was unable to confirm yesterday whether the government has approved an increase for National Insurance Board contribution rates.
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Press secretary says Wilchcombe will address the FNM’s questions when the House reconvenes
AFTER Free National Movement leader Michael Pintard said he would summon senior civil servants before the Public Accounts Committee, press secretary Clint Watson said yesterday parliamentarians will deal with the matter if it arises.
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Brensil Rolle says uncollected fees the major issue facing NIB
A FORMER minister says he believes the major issue facing the National Insurance Board (NIB) is the collection of outstanding fees – as well as making certain other businesses and individuals pay their national insurance.
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Priest calls on government to ‘respect and protect’ sacramental right to marijuana
WITH legislation for marijuana legalisation near completion, Rastafarian priest Rithmond McKinney is urging the government to “respect and protect” his community’s sacramental right of cannabis possession.
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FTX’s Bahamas cash shrank 76% in month before collapse
Cash assets held by FTX’s Bahamian subsidiary were “materially depleted” to the extent they shrank by 76 percent - or more than three-quarters - in the five weeks immediately prior to the crypto exchange’s implosion.
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Taxis and vendors on licence fast track
ECONOMIC Affairs Minister Michael Halkitis revealed yesterday that business licence applications for taxi drivers, straw vendors, and roadside vendors will be fast-tracked - while only 3,000 of 33,000 applications have been approved so far.
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Mailboat runs aground off Egg Island
A GROUP of passengers and crew members had to be evacuated from the M/V Legacy after the mailboat ran aground in waters near Egg Island off Spanish Wells, Eleuthera, on Wednesday morning.
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Man in custody in connection with death threats to Prime Minister
A 58-year-old male resident of Carmichael Road is in custody being questioned in connection to last week’s death threats made against Prime Minister Phillip Davis, according to police.
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Businesses ‘not asked to do Inland Revenue’s job’
A Cabinet minister yesterday denied that the Government is “asking business persons to do the Department of Inland Revenue’s job” by providing the agency with their landlord’s property tax assessment number.’
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Customs import clearing system off-line ‘for week’
CUSTOMS’ system for electronically clearing goods has been down for the past week and is “holding up” The Bahamas’ import economy, brokers confirmed yesterday.
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Mitchell: FNM behaviour disgraceful
PROGRESSIVE Liberal Party chairman and Foreign Affairs Minister Fred Mitchell yesterday berated the opposition for their behaviour in the House of Assembly, saying it was “nothing short of disgraceful”.
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‘Tell us details on NIB decision’
FREE National Movement leader Michael Pintard said he is glad government has made a decision on the National Insurance Board, but “we now need to hear what the details are”.
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Gov’t to double its share of treasure
A multi-million underwater explorer yesterday said it is “still evaluating the economics” after the Government moved to double its share from treasure salvaging in Bahamian waters.
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Bahamas liquidators explore FTX ‘restart’
FTX’s remaining Bahamas-based staff were paid a collective $635,297 through to end-January 2023 as provisional liquidators explore “options” that may include restarting its trading platform, it was revealed last night.
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Junior Junkanoo back on Bay Street today
JUNIOR Junkanoo finally makes its return to Bay Street today - with Youth, Sports and Culture Minister Mario Bowleg yesterday confident over preparations for the event.
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Construction under way on Fort Charlotte straw market
CONSTRUCTION has started on the new straw market at Fort Charlotte, with the redevelopment of Fort Fincastle Straw Market also being prepared in time for the country’s 50th independence celebrations this year.
