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Stock split revival with Fidelity ‘on $25m track’
Fidelity Bank (Bahamas) will unveil plans for its long-awaited stock split at next month’s shareholder meeting, its chief executive revealed yesterday, as it eyes a total $17.5m dividend payout to investors in 2022
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Davis says govt will ‘hold the line’ on NIB increase
AN increase in National Insurance Board contributions will not come off the table until the Davis administration decides whether or not to accept the recommendations of experts regarding the sustainability of the NIB fund, Prime Minister Philip “Brave” Davis said yesterday.
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Bahamians take ‘partial’ medicine on VAT return
THE Democratic National Alliance’s (DNA) former leader says Bahamians have increasingly been obtaining “partial” as opposed to full prescriptions after VAT was reimposed on medicines with effect from January 1.
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Junior boys suffer third straight loss
FIBA UNDER-15 CENTROBASKET CHAMPIONSHIPS
THE Bahamas junior boys’ basketball team suffered their third straight loss at the FIBA Under- 15 CentroBasket Championships in Puerto Rico.
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Top squash players to hit the walls swinging
THIRTY local squash players are set to compete in the inaugural Four Walls Squash Open Championship tournament, starting Wednesday at Four Walls Squash and Social Club.
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Kai Jones returns home
KAI Jones returned home for the first time since he completed his rookie season in the NBA and already has his sights set on the offseason and improvement headed into year two.
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‘Options limited’ over relief for gas dealers
The Ministry of Finance’s top official yesterday said the Government’s “options are limited” in providing the relief sought by petroleum retailers struggling with gross margins of 10 percent or less.
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Warriors are NBA champions
BOSTON (AP) — The Golden State Warriors are NBA champions once again, topping the Boston Celtics 103-90 last night for their fourth title in the last eight seasons.
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Brewery succeeds in $1.2m tax challenge
Commonwealth Brewery has revealed it successfully challenged a $1.156m tax demand by the Government and is now awaiting its response to the arbitration ruling.
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THE KDK REPORT: The North Star
GROWING up and living on a remote family island offers a wealth of peace and tranquility few outsiders can comprehend. With a small population, everyone on the island is either a family member or neighbour and there’s a genuine sense of community throughout the entire land.
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Over 35% of Gov’t local debt comes due in year
More than one-third of the Government’s domestic debt holdings, equivalent to around $2.3bn, is due to mature within the next year as it moves to eliminate “spikes” in principal redemption that place undue strain on its finances.
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Men’s national soccer team suffers heartbreaking loss
The men’s national soccer team suffered another heartbreaking loss, this time 2-0 to Nicaragua on Friday before the home crowd at the Thomas A Robinson National Stadium.
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Gibson Jr and Rolle capture Unca Lou title
ONE of the top amateur golfers teamed up with one of the youngest competitors in the field as Richard Gibson Jr and Kerrington Rolle combined for a 59 net to win the St Augustine’s College Alumni Association’s inaugural Unca Lou Golf Tournament.
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Stem cell pioneer: Just 3% of claims accepted
Less than 3 percent of $16.5m in creditor claims against a Freeport business, once hailed for pioneering The Bahamas’ entry into the stem cell therapy industry, had been accepted as at end-May 2022.
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Vehicle theft claims ‘out of the ordinary’
A Bahamian insurer says an “out of the ordinary” increase in motor vehicle theft claims was among the principal factors why it missed profit projections for 2021.
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Reflating economy aids $11.843bn debt burden
The Bahamas’ $11.843bn national debt at end-March 2022 has dropped below this nation’s economic output due to the continued post-COVID-rebound, resulting in a debt-to-GDP ratio of around 98.4 percent.
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Electric cars are a risk of electrocution
In the 2022/2023 Budget Communication, Prime Minister Philip Brave Davis announced that his government will reduce the duty rate on electric vehicles valued under $70,000 to 10 percent.
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Petroleum retailers fear ‘implosion’ as gas hits $7
Petroleum retailers yesterday warned the industry could “implode” unless the Government urgently adjusts the price-controlled, fixed margin business it has laboured under for decades as gas prices breach the $7 per gallon mark.
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IDB’s taxpayer boost for $385m Gov’t bond issue
The Bahamas will this week seek to limit the debt servicing burden for taxpayers via an Inter-American Development Bank (IDB) guarantee that will underwrite most of its $385m foreign currency bond issue.
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Bank chief challenges PM over $80m ‘revenue loss’
A Bahamian commercial bank chief yesterday challenged the Prime Minister’s assertion that the Government lost $80m in revenues through the sector’s 2018 tax structure change to meet the European Union’s (EU) demands.
