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Central Bank exceeded Govt lending limits at year-end '22
The Central Bank would have massively exceeded its legal lending limits to the Government had the latter's accessing of $232.3m in IMF special drawing rights (SDRs) been included in the 2022 year-end calculation.
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‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish
It’s not every day that an athlete makes a successful transition from one sport to the other.
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PM calls for support for Bridgetown finance plan
PRIME Minister Philip “Brave” Davis said it is morally imperative that Caribbean and Latin American countries support the Bridgetown Initiative, a global climate finance plan.
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FTX Bahamas charges US broke 'every single' pledge
FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.
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Fiscal year finish is ‘critical platform’ for 78% deficit cut
The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.
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Promotion Board in 67% website visitor increase
The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.
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ONE ELEUTHERA FOUNDATION: Unlocking the power of corporate social responsibility
IN today’s interconnected world, companies are increasingly expected to be socially responsible and accountable for how their practices impact society and the environment. Corporate Social Responsibility (CSR) refers to the concept that a business is responsible for more than just creating value and wealth for shareholders but should also seek to benefit the broader community in which it exists.
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Investor forum puts Grand Bahama in the spotlight
THE eyes of the world are on The Bahamas when it comes to investment and conservation, a conference in Grand Bahama heard this week.
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Illegal construction fight has been 'a rank failure'
The Bahamian Contractors Association's (BCA) president yesterday said builders are asking "why should we follow the law" following the country's "rank failure to manage the built environment".
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Bahamas trade deficit up $325m at five-year high
The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.
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GB Power solar rates '30% below Caribbean'
Grand Bahama Power Company says the solar power rate it has obtained from independent energy providers (IPPs) is "30 percent less than what you see elsewhere" in the Caribbean.
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Govt to remove shanty homes via building regulations act
ATTORNEY General Ryan Pinder said the Davis administration would demolish shanty town structures using the process outlined in the Buildings Regulation Act after the Supreme Court failed to deliver a favourable result to the government last week.
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FACE TO FACE: The Lindroth family; Bahamian at heart
HE was just 14 months old when he first set foot on Bahamian soil. Walking with the pitter patter that toddlers do, Magnus Lindroth wiggled his toes in the sand and got his feet wet on what is now called Paradise Island. Here, his views of the world would be shaped as he basked in island life.
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Restaurant crowdfunder targeting $2.4m in sales
A restaurant entrepreneur yesterday said he is targeting $2.4m in total sales for 2023 as he mulls opening a third location on Carmichael Road.
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WORLD VIEW: Objective journalism threatened by fake content and false media platforms
MEDIA freedom in the Americas, from Canada in the North to Argentina in the South, with the Caribbean in between, did not rank very well in the 2023 World Press Freedom (WPF) Index.
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'Improve service quality before rolling out 5G'
Bahamian businesses and consumers want their communications providers to first focus on improving the quality and reliability of existing services before exploring the introduction of 5G (fifth generation) technology.
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FNM Deputy hits out at amendment to security branch members' medical insurance policy
FREE National Movement Deputy Leader Shanendon Cartwright called government’s amendment to the medical insurance policy for security branch members “disgraceful and heartless”.
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Eric Wiberg – 20 accidents at sea off New Providence
NEW Providence saw over 20 World War II aircraft ditch, crash, and explode into its adjacent waters. Most of these were to the south of the island, east, and north, and depended on direction of the winds, which air field was used, and complex night-time exercises using extremely bright Leigh Lights, and flying in formation. Mechanical failures from aircraft just delivered from American factories played a role as well.
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'Real life consequences': Fidelity's $560k Moody's hit
The Government's declining creditworthiness has sparked "real life consequences" for a BISX-listed bank by forcing it to take a "much bigger than expected" $560,000 hit in its 2022 full-year results.
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EDITORIAL: Court ruling shows up process flaws
THE government has won the right to demolish a grand total of two shanty town homes. Two. Not two hundred. Not two thousand. Just two.
