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2013 in review: Immigration

THE year ended on a confusing and sombre note for immigration issues in the Bahamas.

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PM: Economy poised for growth

DESPITE increased austerity measures for the public service, Prime Minister Perry Christie yesterday reassured businessmen that the economy is poised for sustained economic growth in 2014 and for the remainder of his government’s term.

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Cecil Rose 'will be missed'

ALTHOUGH it was not as heralded as the other two funerals that took place this weekend, talented guard Cecil Rose was remembered for his contribution as a trailblazer to the Bahamian basketball community.

Club owner in bid to jail Bimini developers

The owner of a beach club demolished by the Bimini Bay Resort’s developer has been given permission to apply to commit its principal, Gerardo Capo, and other executives to Fox Hill prison for alleged contempt of court.

Realtor mulls Chinese office

A leading real estate broker believes China’s importance to the Bahamian economy cannot be “overstated”, having discussed this nation’s growing Far East ties with the Minister of Foreign Affairs.

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Six months to avoid downgrade

THE Bahamas has a “six month window” in which to stave off another credit rating downgrade through concrete fiscal reform actions, with Moody’s yesterday describing the Government’s planned $800 million correction as “enormous”.

Bahamas gets '6 months' to escape new downgrade

The Bahamas has a “six month window” in which to stave off another credit rating downgrade through concrete fiscal reform actions, with Moody’s yesterday describing the Government’s planned $800 million correction as “enormous”.

BREA chief 'on Cloud Nine' over pre-approval

The Bahamas Real Estate Association’s (BREA) president yesterday described his members as being “on Cloud Nine”, after the Government unveiled a process to ‘pre-approve’ first-time home buyers for the Stamp Duty exemption.

Gov't 'reins in' first-time buyer tax break bar

The Government has “reined in” the ability of first-time home buyers to obtain the full 10 per cent Stamp Duty exemption, a well-known attorney saying the threshold was now below that employed when the tax break was first introduced in 2002.

Christian Council pledges to join fight against crime

THE Bahamas Christian Council pledged its commitment to the fight against escalating crime, offering Police Commissioner Ellison Greenslade assistance “wherever you need us”.

BFSB Summit focuses on cultural changes

The Bahamas Financial Services Board’s (BFSB) upcoming International Business and Finance Summit (IBFS) will examine how cultural and family changes impact service providers and financial structuring.

VAT pitfalls and how to avoid them

NOTHING has been debated more this year than the single acronym known as VAT, or “Value-Added-Tax,” which came into the spotlight following the current government’s announcement as supported by the IADB (Inter-American Development Bank) and IMF (International Monetary Fund).

Drug bust nets $1m of cocaine

FREEPORT - A major drug bust was made at the Freeport Container Port where nearly $1 million worth of cocaine was discovered. This is the first major drug seizure on Grand Bahama for 2014.

Pilot sees 'accelerated' private aviation decline

Revenues from the private aviation sector will continue to decline at an “accelerated pace” if the Government does not roll-back “wrong headed fees” on the sector, an industry expert warned yesterday, calling on it to offer more incentives instead.

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2013: A year of great achievement for high school athletes

THIS year was a year of great achievement for Bahamian athletes at the high school level.

Bank 'optimistic' despite $3.175m shareholder loss

Bank of the Bahamas is “cautiously optimistic” 2014 will herald a turnaround in its financial performance, after a 158 per cent increase in loan loss provisions pushed its ordinary shareholders into a $3.175 million net loss.

'VAT effect will beat Baha Mar'

A prominent businessman yesterday warned that “the VAT effect will outweigh the Baha Mar effect” in 2014, adding that next year will “have been a failure” if unemployment remains close to 16 per cent.

Bimini developer: No twice-daily trips till April

Resorts World has alleged it cannot return to its “original business model” of twice daily cruises to Bimini until April 2014, due to high winter seas and the absence of its controversial terminal/jetty.

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Get ready for the final eight in Holiday Classic

Providence Basketball Club’s annual Holiday Classic tournament for senior boys basketball teams is growing by leaps and bounds as more Family Islanders are coming to town to stay active over the Christmas break.

Cecil Rose dies at 58

FORMER University of Houston guard Cecil Rose, whose arrival at UH started a family connection that continues today, passed away Friday at his Houston home. He was 58.