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‘Dire straits’: NIB in $70m payout deficit
The National Insurance Board’s (NIB) confirmation yesterday that benefit payouts exceeded contribution income by $70m for 2021 shows The Bahamas has “clearly run out of time” to address its woes without inflicting pain.
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External shocks cause for a ‘special situation’
The Bahamas is “in a special situation” due to its high vulnerability to natural disasters and economic shocks, a trade specialist said yesterday, with imported goods ten times’ higher than exports.
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FNM to renovate centre
THE Free National Movement Council in Grand Bahama is hosting major fundraising events to help renovate the Sir Cecil Wallace-Whitfield Community Building that sustained severe flood damage during Hurricane Dorian.
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Tributes at passing of ex-Speaker Symonette
FORMER House of Assembly Speaker and government minister Vernon J Symonette, CMG, has died.
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Taxi drivers chase 30% fares increase
TAXI drivers want a 30 percent increase across the board to offset the rising cost of fuel.
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HIT, RUN, SCORE: Inaugural Babe Ruth Region Caribbean Championships Day 1 highlights
Day one of the inaugural Babe Ruth Region Caribbean Championships and Invitational featured both close games and lopsided results to set the tone for an exciting weekend of youth baseball at the Baillou Hills Sporting Complex.
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Culmer fills in as women’s national basketball team head coach
DONILLO ‘Donnie’ Culmer, filling in as the head coach in the absence of Yolett McPhee-McCuin, likes what he sees with the make-up of the women’s national basketball team.
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Mackey Jr to continue pro basketball career in Europe
AFTER completing his first year with Mulhouse Basket in France, Grand Bahamian native Willis Mackey Jr is looking forward to returning to Europe in August to continue his professional basketball career.
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Joe leads 76ers past Thunder in SLC Summer League 80-79
ISAIAH Joe made a go-ahead 3-pointer with 25 seconds left, his fourth of the game, and the Philadelphia 76ers beat the Oklahoma City Thunder 80-79 on Thursday on Day 3 of the Salt Lake City Summer League.
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Jitneys: Gov’t relief late so we want fare hikes
Jitney drivers yesterday slammed the Government’s proposed “relief package” for high gas prices as late, adding they would instead prefer adult fares be increased to $2 as the industry is “getting beat bad”.
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Leased taxi plates end will be ‘process’
The Bahamas Taxi Cab Union’s (BTCU) president yesterday acknowledged it will be a “process” to convert leased plates into a situation where the drivers involved become owner-entrepreneurs.
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Global treaty provides carbon credit catalyst
The Bahamas is seeking to exploit a global treaty that calls for countries to “voluntarily co-operate” on slashing their greenhouse gas emissions through its Climate Change and Carbon Markets Initiatives (CCCMI) Bill.
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Davis defends minister over cop assault claim
PRIME Minister Phillip “Brave” Davis yesterday defended Housing and Transport Minister Jobeth Coleby Davis after Killarney MP Dr Hubert Minnis called for an update into investigations concerning allegations made against the Elizabeth MP.
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Darville: $50m in unbudgeted debt when I took office
HEALTH Minister Dr Michael Darville said yesterday that upon taking office he found about $50m in unbudgeted debt in his ministry.
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Teachers respond to govt
BAHAMAS Union of Teachers president Belinda Wilson says a response has been sent to the government on its counter proposal regarding a salary increase for educators.
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Banks’ fee income doubles in decade
Bahamian commercial banks are generating an ever-increasing share of their income from the fees detested by many consumers, which now account for more than $1 out of every $5 in earnings.
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COVID’s $9.5bn blow nearly a triple Dorian
The Bahamas will never recover $9.5bn in economic losses and damage caused by COVID-19, it was revealed yesterday, with the pandemic combining with Hurricane Dorian to deliver a shattering $13.1bn blow to this nation.
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Bahamas’ 20% shrink ‘not seen in worst crisis’
Bahamian economic output shrunk by a “remarkable” 20 percent in 2020, an Inter-American Development Bank (IDB) economist said yesterday, branding this COVID-induced plunge as “something you don’t see in the worst crisis”.
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Gov’t to avoid global bond market for year
The Government last night affirmed it plans to avoid the international bond markets for the next 12 months while raising 57 percent of its $1.761bn financing needs for 2022-2023 from domestic investors.
