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Minister slams former Gov't on $7-$10m EU grant funding 'loss'

A Cabinet minister has blasted the former Ingraham administration’s “complete lack of engagement” for potentially costing the Bahamas $7-$10 million in ‘free’ European Union (EU) grant funding.

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Oil drilling and exploration in the Bahamas

DESPITE a long history of exploration in The Bahamas, the substantial risks of petroleum exploitation only gained prominence following the worst oil accident in history – the Deepwater Horizon blowout in the Gulf of Mexico in 2010.

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Moss 'emphatic': No favoritism to $10m BAB offering

The National Insurance Board’s (NIB) former chairman “was emphatic” that no Cabinet ministers urged him to treat the $10 million investment offering by BAF Financial’s parent “in a preferential way”, an audit report has disclosed.

2013 in review: Immigration

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

Dive companies 'shaking in our boots' over VAT

Bahamian dive operators were last night “shaking in our boots” over the likely impact from Value-Added Tax (VAT), their president telling Tribune Business it would cost his firm “the lion’s share” of a segment that accounts for 80 per cent of his business.

TOUGH CALL: The battle against obesity

THERE is a move afoot to make welfare in the Bahamas conditional on taking steps to reduce obesity, eat better, get regular health checkups, and improve education results. You may not think that is terribly important in the overall scheme of things, but you would be dead wrong.

VAT 'very dangerous' if no public buy-in

A top QC has warned it will be “very dangerous” for the Government to impose Value-Added Tax (VAT) without widespread public support, as it was “not the right fit” for the Bahamas at this time.

VAT 'straw to break back' of food retail

Food prices would have increased by more than 7 per cent under a 15 per cent Value-Added Tax (VAT), with a sector body warning this tax in any form will be the “straw to break the back of our industry”.

An outside solution to Freeport's plight

This note was prompted by Dionisio D’Aguilar’s speech, ‘The Freeport Model - Obsolete Relic or Untapped Opportunity’, delivered to the Grand Bahama Chamber of Commerce on 15 May, 2013.

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YOUNG MAN'S VIEW: PLP misplaces its belief in Bahamians

LET’S be frank and honest and agree that, by all signs and indications, the governing Progressive Liberal Party has swung into campaign mode in anticipation of the 2017 general election.

Briefly

THE gambling debate in the Bahamas has always been surreal - part of a weird fantasy world that is difficult to navigate with logic. And the weirdness continued in Parliament this week.

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PETER YOUNG: People still in denial over climate change despite all the evidence

THE news from Hawaii this past week has been nothing short of terrible as the massive scale of utter devastation has become evident to the outside world. At the time of writing, there are 96 confirmed deaths from the wildfires that ravaged the island of Maui but, reportedly, hundreds of others are still missing.

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Long-time PE teacher Hattie Moxey retires on August 31

WHEN the new school year begins in September at Jordan Prince Williams High School, one of the familiar faces returning students won’t see is long-time Physical Education Department head Hattie Moxey.

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PETER YOUNG: This year’s UN General Assembly reveals increasingly multi-polar world

IN previous columns I have drawn attention to the gradual increase of world summit meetings in recent years. But there is, of course, nothing to compare with the UN General Assembly (UNGA) which is the important gathering in New York of its 193 nations annually in September. It claims to provide a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations, though there are also opportunities for bilateral meetings between individual countries.

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BPL eyed 58% lower costs than fuel hike

Bahamas Power & Light (BPL) was on target to lock-in fuel costs “through March 2024” that were up to 58 percent less than the skyrocketing increases unveiled by the Government yesterday, documents have revealed.

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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PETER YOUNG: UK COVID inquiry - useful or pointless?

THE British government’s public inquiry in to the COVID-19 pandemic is now under way. Local reaction so far has been mixed. Critics are calling it a total waste of time and money that will end up as an “appalling establishment sham”. But others believe it is essential to conduct a comprehensive examination of what happened in order to identify and take account of policy failures.

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INSIGHT: Bahamians lose out as Chinese win big

Carey Leonard continues his series looking at the detrimental effects of Chinese investment in the Bahamas with an examination of the Agreement for Waiver Exclusivity . . .

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Govt VAT clarity to unleash $1bn of development

More than $1bn in real estate projects may have been unleashed, and “a serious challenge to home ownership” removed, after the Government clarified that the sector can reclaim VAT “inputs”.Developers yesterday told Tribune Business they had been give

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Royal Caribbean: No Crown Land lease for $110m project

A senior Royal Caribbean executive has confirmed it has yet to secure a crown land lease for its $110m Paradise Island project as he indicated a willingness to “co-exist” with rival developers in that area.