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WORLD VIEW: Why 84 countries are borrowing from the IMF
IN the wake of the economic damage done by the effects of the COVID-19 pandemic, countries in every continent of the world have turned to the International Monetary Fund (IMF) for assistance.
Nassau marinas: ‘Relief is coming’
Nassau Cruise Port’s top executive has promised that “relief is coming” for marinas seeking to regain super yacht access, acknowledging that progress “can come with a degree of pain”.
VAT increase a start
While it is all but too late the government has finally woken up to implement a tax to help the treasury while not even creating a dent in the elites standard of living. It is a start, however, it does not go far enough to make the obscene “in your face” wealthy pay their fair share. Neither does it alleviate the paralysis placed on the poor and middle class (the latter all but eliminated at this point).
95 migrants repatriated
NEARLY 100 Haitian migrants were repatriated on Thursday.
IDB: Just 54% of COVID loan firms still doing business
The effectiveness of the government’s COVID-19 small business support has been called into question by a report that found just 54 percent of loan recipients have remained operational.
Cargo port ‘starts to shrink the gap’
Nassau’s sole cargo port yesterday voiced optimism it has “started to shrink the gap” to pre-COVID business volumes with vehicle imports making up 20 percentage points during May alone.
Attorney fails to overturn $640k loan ‘negligence’
A Bahamian attorney has failed to overturn a “negligence” verdict over a $640,000 loan issued by an insurer whose owners include the PLP’s deputy leader.
‘Ride For Reine’ Trail-a-thon a success
TWENTY young riders mounted up and hit the trails with enthusiasm this past Sunday as a part of the “Ride For Reine” Trail-a-thon to raise funds on behalf of Reine Pagliaro.
‘Walk and chew gum’: Subsidies, debt cost $938m
The Bahamas “must walk and chew gum” on its fiscal and economic revival, a leading banker has warned, with $938.5m - one third of government spending - taken up by debt and subsidy costs.
Ayton and Suns tie series 2-2
Deandre Ayton had his fourth consecutive double double in the 2021 NBA playoffs and his Phoenix Suns evened their best-of-seven round one series against the Los Angeles Lakers.
DIANE PHILLIPS: This isn’t the first time we’ve had to get tough to beat a disease
WHEN the first local cases of COVID-19 were reported in March last year, The Bahamas headed by a medically trained Prime Minister, got tough.
Three new deaths confirmed
THE country recorded 62 newly confirmed cases of COVID-19 as of Wednesday and three new deaths.
Another day, another glitch causing trouble at BPL
BAHAMAS Power and Light said a “technical issue” at its Blue Hills Power Station led to power cuts in eastern New Providence on Wednesday night.
Govt urged to delay 12% VAT realty hike
The government was yesterday urged to postpone implementation of the 12 percent VAT rate on high-end real estate deals for two months so as not to derail transactions “already in the pipeline”.
New judges are appointed
THE Judicial and Legal Service Commission has announced the appointment of new judges to the Supreme and Magistrates Courts.
Anfernee Seymour joins the 500 Club
ANFERNEE Seymour’s recent production at the plate for the Kane County Cougars produced a career milestone.
Season in the sun as Jones making early challenge for MVP
THE Connecticut Sun lost their first game of the 2021 WNBA season, but Jonquel Jones delivered another standout performance that has her mentioned by many pundits in their early projections for league MVP.
Plaudits just keep coming for Daunte Stuart
DAUNTE Stuart received conference wide recognition for his standout 2021 regular season.
‘Up to 90%’ of BPL staff in Cat Island test positive
THE president of Bahamas Electrical Workers Union has confirmed that up to 90 percent of Bahamas Power and Light staff on Cat Island have tested positive for COVID-19.
Bannister concern at BPL’s outages
WORKS Minister Desmond Bannister said Bahamas Power and Light will have to hold accountable those responsible for the recent island-wide power outage that has sparked concerns about the company’s ability to provide reliable electricity this summer.
