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Build, build, build, stop!
ActivTrades
ERNEST Hemingway once wrote that bankruptcies happen gradually, and then suddenly. Such words seem appropriate to describe the fate of Evergrande, one of China’s largest real estate developers, which appears set to default on debt interest repayments.
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Ten more victims on COVID toll
THE Ministry of Health and Wellness reported 10 new COVID-19 deaths over the weekend, three of which were previously classified as deaths under investigation.
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The latest ‘armed robber’ generation
READINESS, response and recovery cannot be left to chance. The delivery of a comprehensive security protection programme demands planning, co-ordinated implementation and consistent oversight.
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Oil explorer relegates Bahamas to ‘non-core’
AN OIL explorer has downgraded The Bahamas to a “non-core” jurisdiction and closed its office in this nation after its first exploratory well failed to strike commercial quantities of ‘black gold’.
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Jonquel Jones leads BIH to FIBA World Cup qualification
JONQUEL Jones was a one-woman wrecking crew en route to leading her Bosnia and Herzegovina programme to a FIBA Women’s Basketball World Cup 2022 qualification.
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Price controls useless to fight ‘staggering’ inflation
Price controls will “do nothing” and prove useless against the “staggering” cost increases facing all Bahamians after US inflation yesterday surged to a 40-year high, a businessman is warning.
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Bahamas needs ‘total energy transformation’
The Bahamas’ requires “nothing short of a total energy sector transformation” to revive its economy post-COVID but faces massive “barriers” to achieving this, a multilateral lender has warned.
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‘I’ve nothing to fear from DRA auditors’
TYCOON Waste Management Company’s Ed Curling was on the defensive yesterday as he issued a full-throated rejection of claims that the work he did to clean up portions of Grand Bahama was overpriced and not up to standard.
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University partnership with Saylor Academy
UNIVERSITY of The Bahamas has forged a partnership with Saylor Academy, an open access education provider, to increase pathways to higher learning and professional development.
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NFL wide receiver Mike Strachan returns home
Mike Strachan is spending a part of his offseason back home and is optimistic about both his role in the NFL and his future impact on the development of football in The Bahamas.
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New US Embassy ‘about 60 percent’ to completion
THE new United States Embassy compound on Shirley Street is about 60 percent complete, according to project director Stephen Ziegenfuss.
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Commercial properties: 70% behind on taxes
Some 70 percent of commercial properties are in arrears on their real property tax payments, it was revealed yesterday, although a “high proportion” of Bahamian homeowners are compliant.
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Jonquel Jones and BIH set for World Cup qualifier in Japan
JONQUEL Jones leads Bosnia and Herzegovina (BIH) into the FIBA Women’s Basketball World Cup Qualifying Tournament this weekend in Osaka, Japan.
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NCAA basketball: McCoy gets top honour, Bastian sets career high
MALACHI McCoy received a weekly honour as the top player in his conference and Lathaniel Bastian scored a new career high to highlight play from Bahamian student athletes in NCAA Division II basketball.
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High school baseball players get in line for season opener
WHILE there have been a number of local players signing professional baseball contracts over the past few months, a number of international players are looking forward to their high school season opener this weekend at the same school.
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FACE TO FACE: Robin’s making waves to help children in need
MILLIONS of people around the world visit The Bahamas and end up falling in love with this country and its people. Many are repeat visitors, captivated by these balmy isles. Some have decided to take up permanent residence and call this place home. But few are the people who come and take a special interest in making a difference in the lives of the Bahamian children who may need their help the most – those in the inner city.
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Fund’s record $75m inflow builds RF Bank ‘war chest’
A Bahamian investment bank yesterday said it expects to match last year’s record $75m inflow into its fixed income fund and further build a “war chest” to deploy as possibilities emerge in 2022.
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Condo hotel targets September opening
A Goodman’s Bay-based condo hotel is “aiming” for a September opening with over 85 percent of the units already sold, the project’s developer said yesterday.
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Battle of the videostar
ActivTrades
FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.
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Financial services can give itself ‘pat on back’
FINANCIAL institutions should give themselves “a pat on the back” for slashing the time taken to “cure” regulatory deficiencies to just 11 months, the Central Bank’s top inspector said yesterday.
