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Gov’t close to deal on Club Med re-opening
The deputy prime minister yesterday revealed the Government is close to “an agreement in principle” with Club Med for the winter 2022 re-opening of its San Salvador resort property.
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Gov’t invests $100k to fix airport baggage ‘glitches’
The deputy prime minister yesterday disclosed that the Government has invested $100,000 to “fix once and for all glitches” with the baggage handling equipment at Lynden Pindling International Airport (LPIA).
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PETER YOUNG: How can conflict in Ukraine be stopped?
IT is beyond belief that this can really be happening. Such was the anguished reaction of a friend after watching last week the most recent television coverage of the horror taking place in Ukraine. Not easily shocked, he found the situation there appalling and distressing; in particular, the latest footage of the destruction of the city of Mariupol with the shelling of schools and hundreds trapped under the rubble of a bombed theatre where they had taken refuge.
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EDITORIAL: Economy bruised by pandemic, but recovering
THROUGHOUT the pandemic, we have been aware of the economic effects hitting our country, without perhaps always being able to put a precise number to them.
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Green light given to treat coral disease
AFTER more than a year, the government has given the green light for marine conservationists to treat corals infected with stony coral tissue loss disease as well as to study and better understand its spread.
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Minister joins students for World Poetry Day
GLENYS Hanna Martin, Education, Technical and Vocational Training Minister, joined students at LW Young Junior High School yesterday to celebrate World Poetry Day.
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IMF interest rate fears dampened
Bahamian financial analysts yesterday dampened fears of near-term interest rate hikes after the International Monetary Fund (IMF) suggested such increases may be necessary to protect the US dollar exchange rate peg.
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IMF: New, increased taxes a must for 25% revenue target
The International Monetary Fund (IMF) yesterday subtly signalled that The Bahamas must introduce new and/or increased taxes to hit fiscal targets that include a 25 percent revenue-to-GDP ratio before the next general election is due.
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Gov’t seeks tariff slash proposals
The Government is seeking private sector recommendations on potential Customs tariff cuts that could be implemented via the upcoming 2022-2023 Budget as a means to ease the impact of soaring inflation on Bahamians.
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Bahamas’ growth ‘more than double’ projections
The Bahamas exceeded 2021 economic growth projections by 180 percent, the International Monetary Fund (IMF) revealed yesterday, as it urged this nation to make increased COVID-19 vaccination rates its top priority.
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Commissioner: I’m retiring this year
POLICE Commissioner Paul Rolle confirmed yesterday that he will be retiring from the police force this year after nearly 40 years of service, ending months of speculation about his future.
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Work ‘almost complete’ on national trade policy
ECONOMIC Affairs Minister Michael Halkitis said work on a national trade policy is almost complete, adding he was hopeful the matter would not get “hijacked” by arguments that there were attempts to push a free movement agenda that has for years clouded World Trade Organisation (WTO) negotiations.
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ONE IN SEVEN OUT OF WORK: IMF projects 13.9% unemployment rate as economy recovers
THE International Monetary Fund projects a 13.9 percent unemployment rate this year, still higher than the pre-pandemic rate but a notable decline compared to 2020 and 2021 when the rate was estimated to be 25.6 and 18.1 percent respectively.
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Governor General successor
There is serious significance of who will the Prime Minister nominate to follow HE Cornelius Smith as Governor General or will he allow Smith to continue for a further term through the 50th anniversary of Independence and on and the anticipated Referendum on whether The Bahamas stays a Realm State or graduates to a Democratic Republic.
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Shamar earns Subway Player of the Game
Burrows and Dalhousie Tigers claim their 3rd straight AUS title, qualify for U Sports Final 8
Shamar Burrows and the Dalhousie Tigers claimed their third consecutive Atlantic University Sport championship and now look ahead to joining the best programmes in Canada at the U Sports Final Eight next month.
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Sprinter Shatalya Dorsett qualifies for CARIFTA
SHATALYA Dorsett came to town and demonstrated that she’s ready for the journey to Kingston, Jamaica, for the return of the CARIFTA Games over the Easter holiday weekend.
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Courier firms see slowdown as Ukraine uncertainty bites
Bahamian courier companies yesterday warned of a further shipping cost increase by summer 20202 with customers now holding back on spending due to growing economic uncertainty sparked by Russia’s invasion of Ukraine.
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Residents to stage protest march over deforestation
A GROUP of concerned residents is planning to march on Wednesday to protest suspected deforestation of the former Perpall Tract Wellfield located in western New Providence.
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40 years - and water works start
THE MP for Mount Moriah oversaw the start of major water works in his constituency on Friday after over 40 years of water issue complaints from Melvern Road residents.
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COVID testing ‘not adding up’
The Government and official Opposition were last night locked in a fresh battle over assertions that Bahamian taxpayers are subsidising US tourists’ return home because the $40 health travel visa cannot cover free COVID testing.
