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WORLD VIEW: Developing countries also victims of Ukraine war
IN the words of UN Secretary-General, Antonio Guterres, the war on Ukraine by Russia “is fast becoming a matter of life and death for vulnerable people around the world”.
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'Misunderstood' on gasoline VAT cap
Abaco's Chamber of Commerce president believes the Government may have "misunderstood" calls for it to cap - not cut - the amount of VAT it earns on gasoline sales in a bid to ease inflationary pressures in the Family Islands.
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Gov’t touts 26% VAT rise despite rate cut
The Ministry of Finance’s top official has touted a 26 percent VAT revenue increase, compared to pre-COVID numbers, for the first two months of calendar 2022 as a signal that the rate cut has not impacted government revenues.
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Bahamians must pay for benefits they want
A prominent financial analyst says Bahamians cannot expect to remain “a low tax jurisdiction” while expecting to enjoy the same social security benefits as developed nations.
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Who gains from a long war?
Greed is an antidote to good judgment. The profit-oriented military industrial machine that drives western countries to pursue endless wars is simply incapable of sensitivity to the fact that, thanks to its antics, the world is now closer to self-destruction than at any point during the Cold War, which ended in 1989.
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Rising to local govt challenge
RISE Bahamas, an advocacy group, has launched its Imagine Local Government campaign joined by partners, Organisation for Responsible Governance (ORG) Bahamas and One Bahamas in Nassau.
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STATESIDE: The history of Germany and Russia’s relationship
FOUR months ago this morning, America was in solemn remembrance of an infamous, consequential day that would shape the nation’s history for decades. December 7, 2021, was the 80th anniversary of the surprise attack by Japanese military forces on the sprawling American naval base at Pearl Harbour in Hawaii.
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‘All-time high’ demand to offset tourism risks
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday voiced optimism that “all-time high” travel demand will help offset newly-elevated Central Bank concerns about the “downside risks” facing the sector.
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External reserves jump on banks’ $84m inflow
The Bahamas’ external reserves grew by almost $55m in February 2022 as commercial banks collectively received a net $84.2m foreign currency inflow from their customers.
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Kai Jones recalled to Hornets
Kai Jones completed a dominant rookie season in the NBA G-League with the Greensboro Swarm and was recalled to the Charlotte Hornets following the season finale.
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BOB appoints first ever female chair
Bank of The Bahamas yesterday said it has appointed its first-ever female chair with attonery Donna Harding-Lee taking over the post with effect from March 18 following the necessary Central Bank approval.
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Airport in $8.1m operating loss before Gov’t purchase
Grand Bahama International Airport suffered an $8.129m operating loss in the two-and-a-half years leading up to its 2021 purchase by the Government, which is aiming to select the preferred bidder to redevelop this asset by August 2022.
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AML shrugs off inflation, ‘out-of-stocks’ concerns
Excluding one-off Dorian gains, AML Foods generated a 3.8 percent net profit increase for its 2022 third quarter despite grappling with inflation and supply chain issues that produced “high levels of out-of-stock” products.
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Cruise port’s $300m finish moved back to early 2023
The completion of Nassau Cruise Port’s $300m transformation has been pushed back to early 2023, its top executive has revealed, with $110m worth of landside and buildings construction now set to move into high gear.
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In NBA’s G-League, Kai Jones has career high 30 points
KAI Jones continues to put up dominant numbers in the G-League with the Charlotte Hornets affiliate Greensboro Swarm.
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FINCO chief warns on low growth ‘challenge’
FINCO’s chairman has warned shareholders it will “continue to be challenged” with low growth and credit losses despite a more than four-fold increase in net income to $39.235m for the 2021 financial year.
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DEREK SMITH: Climate change risks key board discussion
Continued attention is being paid to climate change. In 2020, billionaires such as Jeff Bezos announced the establishment of a $10m fund to combat climate change.
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‘Don’t imperil’ citizens over taxation reforms
Tax reform must “not imperil” the Bahamian private sector and citizens, a governance reformer is warning, adding that income taxation is not a cure-all for the country’s fiscal and economic woes by itself.
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McPhee-McCuin sets the record straight on Ole Miss Rebels
AFTER much speculation on social media following their exit from the NCAA Tournament, Yolett McPhee-McCuin reassured the Ole Miss fanbase of her commitment to the programme and her intention to return.
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Winterbotham IC junior development tennis series back on stream
AFTER an almost two-year break because of COVID-19, the popular Winterbotham IC Junior Development Tennis Series got underway again on the weekend at The National Tennis Centre.
