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Seven-fold jump in Benchmark’s debt to clients no alarm

A BISX-listed firm has reassured investors that the seven-fold increase in monies owed to clients at year-end 2021 is no cause for alarm since it stems from $150m in securities trading activity.

Bahamas ‘leads pack’ over digital adoption

A senior Royal Bank of Canada (RBC) executive yesterday hailed The Bahamas as “a bit of a bellwether” for the Caribbean on digital payments adoption with more than 50 percent of its local clients now using such channels.

‘Increased criminality’ drove 6% suspect reporting growth

THE FINANCIAL Intelligence Unit (FIU) says the 5.7 percent increase in suspicious transaction (STR) and other reports received in 2021 was driven by “increased criminality” experienced during the COVID-19 pandemic.

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Stephen Sears Jr and X-Men remain undefeated in the AUS

STEPHEN Sears Jr got his first start of the season and his St Francis Xavier X-Men won an early matchup of undefeated teams in Atlantic University Sport Football.

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Downtown art district plan to put Miami, New York ‘second’

The Ministry of Tourism’s plans to transform downtown Nassau via creation of an “art district” will relegate similar spaces in New York and Miami to “second spot”, a senior official pledged yesterday.

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Adrian Gibson’s lawyer pushes for another justice

THE lawyer representing Long Island MP Adrian Gibson in his corruption trial continued to push for his case to be transferred to another justice.

Just two diseases cost taxpayer $35m

Just two diseases consume more than one out of every six dollars in the Government’s annual health budget, it was revealed yesterday, with its public clinics facing an “extraordinary requirement for improvement”.

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COVID-19 controls ‘saved’ $900m external reserves

The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.

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Hurricane Ian could bring heavy rainfall

THE National Emergency Management Agency continues to closely monitor the track of Hurricane Ian which forecasters anticipate could bring heavy rainfall to the northwest Bahamas.

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MP Adrian Gibson back in court today

LONG Island MP Adrian Gibson will be back in court today over corruption allegations before Justice Cheryl Grant-Thompson despite his lawyer’s objection to the move.

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Jones and BIH look to get in the win column

Jonquel Jones and her Bosnia and Herzegovina (BIH) side remain winless thus far at the FIBA Women’s Basketball World Cup.

Marlins sweep Titans, make it to finals

ACE pitcher Thomas Davis liked what he saw from his Sigma Blue Marlins as they swept aside the Atlantis Titans in two straight games to advance to the New Providence Softball Association men’s championship series.

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8PM SKYGuard | Bahamas Dept of Meteorology projected track of Invest 98 (L)

8PM SKYGuard | Bahamas Dept of Meteorology Real-Time satellite long range projected track of future tropical cyclone Invest 98 (L)

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Adrian Gibson and co-accused plead not guilty

LONG Island MP Adrian Gibson pleaded not guilty on Friday to charges of corruption while serving as executive chairman of the Water and Sewerage Corporation under a former administration.

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New asphalt plant commissioned

WORKS and Utilities Minister Alfred Sears commissioned a production facility, the Astec Double Barrel Six Pack Asphalt Plant, on Friday.

‘Let businesses set own rules over mask rules for customers’

GROCERY store managers said yesterday that while they support the lifting of the country’s mask mandate, they also believe businesses should be allowed to set their own mask wearing rules for customers.

3PM SKYGuard | Bahamas Dept of Meteorology projected track of Invest 98 (L)

3PM SKYGuard | Bahamas Dept of Meteorology Real-Time satellite long range projected track of future tropical cyclone Invest 98 (L)

SKYGuard | Bahamas Dept of Meteorology projected track of Invest 98(L)

8 AM SKYGuard | Bahamas Dept of Meteorology long range projected track of future tropical cyclone Invest 98(L)

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Second murder in two days

POLICE are investigating a second homicide in as many days after a man was shot dead yesterday morning off Hamster Road.

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PM seeks to cut debt to 50% of GDP this term

PRIME Minister Philip “Brave” Davis says his goal is to reduce the country’s debt to gross domestic product ratio from 82 percent to at least 50 percent by the end of this term.