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Investors ‘get wise’: RF funds up $60m
A Bahamian investment bank yesterday said total assets under management in its local currency mutual funds have increased by $60m year-to-date as investors “get wise” to the negative returns on bank deposits.
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Minister and ex-PM voice concern on $63m project
A sitting Cabinet minister and former prime minister have both voiced concerns surrounding “problems, problems, problems” with the proposed $63m Adelaide Pines project in which Albany’s developer is a minority shareholder.
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End ‘finger pointing’ over Fiscal Council
A Fiscal Responsibility Council (FRC) member yesterday demanded an end to “political finger pointing” over its failure to deliver timely reports and called on both major parties to instead “get to the root of the matter”.
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Adelaide developer: Don’t ‘drop bomb’ on our costs
A Bahamian businessman yesterday warned he and his partners might have to “shelve” a $63m New Providence project if “prohibitively expensive” changes and conditions were imposed after Wednesday’s planning consultation.
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SKYGuard | Bahamas Dept of Meteorology projected track of Invest 98(L)
8 AM SKYGuard | Bahamas Dept of Meteorology long range projected track of future tropical cyclone Invest 98(L)
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Five days without electricity for Ragged Island residents
SOME Ragged Island residents incensed by a five-day electricity blackout last week have questioned whether the island’s newly commissioned solar plant is effectively servicing Bahamas Power and Light customers.
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Second murder in two days
POLICE are investigating a second homicide in as many days after a man was shot dead yesterday morning off Hamster Road.
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Super Value chief: Retain food store mask mandate
Super Value’s principal yesterday urged the Government to maintain the COVID mask mandate for supermarkets and prevent the sector from becoming “the number one spreader” of the virus.
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Please don’t get rid of cheques
SO, the good Governor of The Central Bank thinks cheques are redundant and in 2023 he will declare them a dinosaur.
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UB Mingoes’ Ronaldo scores two goals on opening day
UNIVERSITY of the Bahamas Mingoes striker Ronaldo Green scored two goals over two matches on opening day of the Bahamas Football Association’s season over the weekend.
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PART I: Small island, huge impact - historical facts and truths about Taiwan
US House Speaker Nancy Pelosi’s recent visit to Taiwan was provocative, reckless and dangerous. The visit, which was the culmination of misguided US moves to challenge China’s core national interests, left the political foundations of China-US relations shaken and drew an expectedly strong reaction from China.
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STATESIDE: Biden’s age, inflation and immigration record to be tested
POLITICIANS are quite comfortable lobbing verbal grenades at an incumbent president of the opposing party, and the current crop of Republican office holders and job seekers is no different. In the steady, numbing drumbeat of GOP criticisms of Joe Biden and his administration, the loudest seems to be about his age.
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EDITORIAL: Missed opportunity in mask announcement
THE lifting of the mask mandate is a major moment in the history of the pandemic in our country. It will also likely prompt mixed feelings for Bahamians.
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Coastal management scheme to tackle climate threat
THE Ministry of Works in collaboration with several other stakeholders has launched a coastal management programme for The Bahamas as a “vulnerable nation” to combat the looming threat of climate change.
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Bahamas among countries at risk of polio outbreak
THE PAN American Health Organization has warned that 12 countries in the region, including The Bahamas, are considered to be at high or very high risk of experiencing a polio outbreak.
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54 records expunged by rehabilitation committee
THE Rehabilitation of Offenders Committee has received 112 applications from people seeking to have their records wiped clean between January and June of this year, with 54 of those applicants said to have already had their records expunged.
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BISX-listed firm pledges qualified audit ‘clear up’
A BISX-listed company’s top executive yesterday pledged that accounting woes which led to auditors issuing a “qualified” opinion on its 2021 full-year results will be “cleared up” in time for this year’s report.
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Don’t bail-out stricken parents, banks warned
Bahamian financial institutions were yesterday ordered not to bail-out financially stricken parents or affiliates as part of the “recovery plans” they have to submit to the Central Bank by mid-2023.
