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BNT: National Parks may double this year

THE Bahamas National Trust (BNT) yesterday said the number of national parks under its oversight could almost double within the next year, creating a variety of business opportunities.

Minister pledges 'transformative next six months'

A Cabinet minister yesterday said “the next six months will be very transformative for the Bahamian economy” with decisions awaited on several multi-million dollar tourism investments.

Bahamas 'closer than ever' on plane registry

The Bahamas now only needs to sign a global treaty to unlock the “immeasurable long-term economic benefits” of an international aircraft registry, an aviation attorney believes.“The Bahamas is closer than ever to the establishment of the long sought-

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Businessman launches new political party

A NEW political party promising to liberate Bahamians while maintaining an “open style of governance if elected” has been formed.

Harbour Island set for banner real estate year

Harbour Island is set to record one of its best years in real estate, according to Robert Arthur, Coldwell Banker Lightbourn Realty’s sales associate.

Bahamas First suffers $6.5m bottom line hit

BAHAMAS First Holdings' (BFH) chief executive yesterday expressed concern about the "unprecedented" level of fire claims the general insurance group incurred in 2011, telling Tribune Business that together with Hurricane Irene-related losses these produced a collective $6.5 million bottom line hit.

Businesses blast ‘significant delay’ on VAT refunds

Bahamian businesses are complaining about “significant delays” in receiving Value-Added Tax (VAT) refunds, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday warning this threatened to undermine private sector trust in the Government and its new tax.

5,000 companies signed up for VAT

EARLY registrants for the new value added tax system have surpassed the government’s expectations with nearly 5,000 companies already on board, according to State Minister for Finance Michael Halkitis.

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Govt considers more cuts to customs duty

THE government is considering further reductions on customs duty rates in the upcoming months in a bid to counteract the cost increases due to the implementation of value added tax.

Minister no ‘short-term’ trade impact in UK exit

A Cabinet minister yesterday said Britian’s exit from the European Union (EU) will “no doubt” have some effect on the Bahamas and the wider Caribbean,  adding that she expected very little impact - if any - for the financial services industry.

Ex-Senator renews call for Bahamian industry ownership

Bahamians must have ownership of key economic sectors "from the top straight through the supply chain", a former FNM Senator is arguing, adding that this would protect the "haemorrhaging" foreign currency reserves.

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Reclassification brings COVID death tally to 810

THE Ministry of Health and Wellness has clarified that COVID-19 deaths have not increased as the country battles its latest surge of infections.

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Munroe on marital rape: We need to define what we want to criminalise

NATIONAL Security Minister Wayne Munroe on Friday described marital rape as a “social issue”, adding that there was a need to define exactly what would be criminalised.

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Bahamas 'maximises' Customs duties yields

THE Bahamas is running out of additional revenue sources, Prime Minister Perry Christie said yesterday, adding that he believed the country had achieved the "maximum" yield from Customs duties.

By-election spending is ‘win-win’ for Bimini

Bimini’s Chamber of Commerce president yesterday hailed spending by both political parties on today’s by-election as a “win-win” for all residents and the island’s economy.

Flight Services comes alive with $200,000 deal

ALIV and Nassau Flight Services (NFS) yesterday announced a four-year partnership that will give the airport ground services provider upgraded communications services.Damian Blackburn, pictured, Aliv’s chief executive, said the agreement represented

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‘Nowhere to go’ on climate woe

A leading environmentalist yesterday urged The Bahamas to confront the impact of climate change head on, adding that it needs to address the potential impact “sooner rather than later”.

Travel agencies in summer rebound

Travel agencies yesterday said COVID-19’s persistence is making them cautious about business prospects for the remainder of 2021 despite a recent pick-up in activity.

BISX seeks embrace with crowdfunding

The Bahamas International Securities Exchange (BISX) is seeking to marry its Small Alternative Market (SAM) and regulated environment with the new crowdfunding phenomenon, its chief executive said yesterday.

BTC in COVID-19 customer boost

The Bahamas Telecommunications Company (BTC) yesterday said it has increased broadband Internet speeds at no extra cost as part of multiple measures introduced amid the COVID-19 pandemic. The carrier added that it has also created a virtual store; a