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COVID-19 sparked $200m private pension drawdown
Financially-stricken Bahamians drew down on more than $200m in private pension savings to ensure they survived COVID-19’s devastating economic impact, a financial executive revealed yesterday.
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Don’t ‘demonise’ food sector over price controls dispute
Grocery retailers are anxious not to be “demonised” over their opposition to an expanded price control regime they fear could undermine Bahamian food security, an attorney said yesterday.
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Bran: Medicine price controls are ‘back door’ VAT admission
The Democratic National Alliance’s (DNA) ex-leader yesterday slammed the imposition of price controls on the pharmaceutical industry as a “back door” admission by the Government that reimposing VAT on medicines was a mistake.
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Kai Jones, Ayton and Hield in action tonight
The 2022-23 NBA season officially tipped off last night. However, Bahamian players are scheduled to get their respective campaigns underway tonight.
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Professional basketball player Tavario Miller stars in Japan
TAVARIO Miller began a new chapter in his pro basketball career in Japan and has emerged as a leader for his title contending club.
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Trade deficit leaps 15.6% to $715.1m
THE Bahamas’ trade deficit increased by 15.6 percent to $715.097m during the 2022 first quarter as cross-border flows continued to rebound from the COVID-19 related restrictions of the year before.
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FACE TO FACE: Blindness is no barrier to Ervens when it comes to helping family
HE became the head of his household at an early age. The death of his parents not only placed some big responsibility in his hands, it left a void in his heart and the hearts of his siblings.
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Bahamian on board as boat intercepted
ALMOST 100 people, mostly from Haiti but including one Bahamian, who were rescued from an overcrowded boat off the Florida coast had no food or water for two days, according to the US Coast Guard.
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Grand Bahama Power ‘very advanced’ on 20MW solar installation
Grand Bahama Power Company is “at a very advanced stage” in formalising four separate projects that will collectively provide 20 Mega Watts (MW) of solar generation capacity for the island’s grid.
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Card spending rose 57% during COVID
Credit card spending in The Bahamas increased by 57 percent year-over-year during the peak of the COVID-19 pandemic as consumers transitioned to digital and online payments, a survey has disclosed.
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Bahamas 15th in region for COVID-19 deaths
THE Pan American Health Organisation’s Health in the Americas country profile has revealed The Bahamas ranked 15th in the region for the number of COVID-19 released deaths from 2020 and 2021.
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Businesses blast Grand Bahama Power fuel charge hike
GRAND Bahama Power Company’s (GBPC) impending fuel charge increase was yesterday branded “disgraceful” by one businessman although the move came as little surprise.
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No sanctions over price control ‘death warrant’ execution
The Government last night backed down from imposing sanctions on food retailers and pharmacists who fail to enact the expanded price control regime - which one branded “a death warrant” - by today’s deadline.
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Union chief says: ‘Don’t encourage mediocrity’
A trade union leader says the labour movement “must not encourage mediocrity” in the workplace as he urged patience when over trying to achieve all goals in industrial negotiations.
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Grand Bahama electricity costs 40% below rest of Bahamas
Grand Bahama’s electricity costs will be 40 percent lower than Nassau’s and the rest of The Bahamas during the 2023 summer peak after the island’s utility locked in fuel costs at 12-14 cents per kilowatt hour (kWh).
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NPSA Best of 5: Hitmen take Game 1
MANAGER Darren Stevens liked what he saw from his C&S Hitmen in game one of their New Providence Softball Association men’s best-of-five championship series at the Baillou Hills Sporting Complex on Saturday night.
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Bahamian pro basketball players in Euro spotlight
BAHAMIAN pro basketball players across various leagues in Europe produced season highs in early season play for their new clubs.
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Scheme aims to bring farming into the backyard
AGRICULTURAL Development Organisation has partnered with The Church Commercial Farming Group (TCCFG) to facilitate the backyard farming initiative.
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‘Challenge to survive’ even on $260 minimum wage
DESPITE the government raising the country’s minimum wage to $260, some yesterday argued that the challenge to survive remains.
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Long Island cruise port build-out to hit $500m
The developer behind the planned Long Island cruise port has committed to employing a workforce that is a minimum 80 percent Bahamian for a project where the total investment could exceed $500m.