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Gov’t Joaquin costs could exceed $56 million

Prime Minister Perry Christie said yesterday that the total cost to repair government buildings and infrastructure damaged by Hurricane Joaquin has been pegged at $56 million, although this could drop to $34 million depending on which option is chosen to repair Acklins’s roads.

Pension providers enjoy ‘significant’ 100% inquiry rise

Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.

Regulator warned 127 on financial crime compliance

Bahamian regulators issued warnings to 127 law and real estate firms over non-compliance with anti-financial crime mandates while giving this nation’s $306m-plus residential real estate sales a clean bill of health.

How to sweat less over AC

We find ourselves in the same situation every year. Winter is nearly here, but it still feels like 90 degrees outside.

Relief in a leaf

By Dr Betty Adderley

Bahamian single women take brunt of COVID-19

Bahamian single women have born the brunt of COVID-19's economic devastation to lead the Caribbean on both job losses and "worsening diet", the Inter-American Development Bank (IDB) has revealed.

Jones on fire

Jonquel Jones continues to show why many pundits expect her to be one of the top players in the WNBA this season as she led the Connecticut Sun to a 2-0 start.

Mighty Matthew threatens heavy rains, high winds, huge surf and devastating storm surge

Mighty Hurricane Matthew has shrugged off its encounter with a landfall on the southwestern tip of Haiti between 7am and 9am on Tuesday morning, and remains an extremely dangerous Category 4 storm with 140mph winds as it plows north at about 9mph over the eastern tip of Cuba. Now Matthew is set to carve a destructive swath across The Bahamas.

Freeport revival eyeing 24% jobs growth in decade

Government advisers predicted that Freeport’s workforce could expand by 24 per cent in 10 years via an economic growth plan that featured new industries such as aircraft maintenance and ‘value-added’ logistics.

Gov’t plans to narrow VAT payment window

The Government yesterday unveiled plans to shrink the Value-Added Tax (VAT) payment window by seven days, and other revenue enforcement measures, amid the numerous tariff rate cuts consistent with a pre-election Budget.

Regulators exploring regime for blockchain

Bahamian financial regulators are exploring the creation of appropriate regulatory regimes for the emerging blockchain technology and cryptocurrency sectors.Their efforts come as The Bahamas hosts industry leaders, financiers, block signers and miner

Fishing and farming industries are ‘completely devastated’

LONG Island MP Loretta Butler-Turner said yesterday that her constituency’s economy – specifically the fishing and farming industries – has been “completely devastated” by the passage of Hurricane Joaquin.

As veterans remembered, one is left in rundown home

DAYS after the country celebrated Remembrance week in honour of World War I and II veterans, the daughter of a 90-year-old veteran called attention to her father’s poor living conditions.

Union lacks ‘leverage’ over Melia gratuities

A hotel union leadership contender yesterday argued that current executives have no “leverage” to employ in negotiating with Baha Mar and the Meliá Nassau Beach Resort because they failed to secure a new industrial agreement in 2013.

Waterspout sparks alarm among local schoolchildren

A WATERSPOUT spotted off the northeastern coast of New Providence this week, which tried to form a tornado over land, sparked alarm among local schoolchildren, raising the question of what people should do to safely avoid them.

Minnis calls for extension of hurricane aid order

FREE National Movement Leader Dr Hubert Minnis yesterday urged the government to extend the exigency order originally granted to residents of the southern Bahamas adversely affected by Hurricane Joaquin last year.

13,000 people vaccinated in The Bahamas last week

MORE than 13,000 people were vaccinated in The Bahamas last week, according to Prime Minister Dr Hubert Minnis.

New transport minister targets boating revenue

The newly-appointed transport minister yesterday said he will look to introduce Family Island mooring fees, while suggesting that the 4 per cent foreign-flagged yacht charter fee is “too low”.Renward Wells, the former minister of agriculture and mari

Nygard bids to reduce court punishment

PETER Nygard has appealed a contempt conviction he received for breaching an injunction that banned him from publishing stolen emails from environmental group Save The Bays (STB), on the grounds the fine and sentence handed down to him was too harsh.

Employers set March 12 deadline on furloughs

EMPLOYERS with workers currently furloughed due to the COVID-19 pandemic have until March 2022 to decide their fate, according to Press Secretary Clint Watson yesterday.

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