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Auto prices 11% higher under lower VAT rate

New auto prices will likely be 7-11 per cent higher under the lower rate Value-Added Tax (VAT) than the previous 15 per cent proposal, a leading dealer yesterday suggesting the Government lacked confidence in its own revenue projections.

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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Fuel hedge to save $55m, BPL chief informed minister

Bahamas Power & Light (BPL) was on track to save its customers more than $54m over the 18 months to January 2022 if its controversial fuel hedging initiative was followed, a Cabinet minister was informed.

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Super Value chief's 'not given up' on Harbour Bay lease

Super Value's president has "not given up hope" that he could yet take over the former City Markets' lease at the Harbour Bay Shopping Centre, telling

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Bahamas 'on pace' for 2008 stopover levels in 6 months

AIR arrivals to the Bahamas are likely to match 2008 pre-recession levels "in six months at the pace we're going", the director-general of tourism said yesterday, telling Tribune Business that the extension of the 'Air Credit' promotion three weeks ago had generated bookings equivalent to almost 6,000 stopover arrivals.

'It was great... I knew I couldn't take him lightly'

By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net AS the promoter and main combatant in the ring, Meacher 'Major Pain' Major knew that the success of his King of the Ring Series would depend on how he performed against veteran American Jeff

'It was great... I knew I couldn't take him lightly'

By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net AS the promoter and main combatant in the ring, Meacher 'Major Pain' Major knew that the success of his King of the Ring Series would depend on how he performed against veteran American Jeff

'It was great... I knew I couldn't take him lightly'

By BRENT STUBBS Senior Sports Reporter bstubbs@tribunemedia.net AS the promoter and main combatant in the ring, Meacher 'Major Pain' Major knew that the success of his King of the Ring Series would depend on how he performed against veteran American Jeff

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Construction’s fears on ‘bread and butter’

The Bahamian Contractors Association’s (BCA) president has voiced fears that construction’s “bread and butter” will be undermined if the declining trend in mortgage loan approvals persists.

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WORLD VIEW: Haiti urgently needs a genuine and representative transitional government

HAITI’S non-elected President, Dr. Ariel Henry has been identified as a significant part of the current crisis in Haiti. Henry and a small clique, who surround him, are hardly running the affairs of the state. Indeed, as armed gangs control more than 60 per cent of Port-au-Prince and the main corridors throughout Haiti, the disappearance of the state is obvious.

Financial services eyes ‘closed Bar’, tax system change

The financial services industry was yesterday said to be in the “initial stages” of determining whether the Bahamas’ ‘no tax’ model and “closed Bar” provide the best platform for ensuring its survival.

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One&Only staff ‘pretty supportive’, says manager

ONE&ONLY Ocean Club employees were yesterday said to be “pretty supportive” of the changes at the Paradise Island-based property, as the luxury hotel’s general manager dismissed talk of low employee morale ahead of the hotel’s anticipated reopening after four and half months.

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Low testosterone levels in men linked to more severe COVID-19 cases

A fourth COVID-19 surge in reported cases, hospitalisations and deaths has our small nation’s healthcare system on the brink of disaster. The more contagious Delta variant and vaccination hesitancy among young adults, in particular, has led to an increase in younger COVID-19 patients being admitted to hospital with severe cases of the virus, when compared to the three previous pandemic surges.

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PM cautions nation to expect more deaths

PRIME Minister Dr Hubert Minnis yesterday cautioned the nation to expect more deaths as officials begin assessments of Hurricane Dorian’s wrath, which was described as the greatest national crisis in the country’s history.

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INSIGHT: Analysis – Much uncertainty ahead in US-Cuba relationship

Fidel Castro’s death highlights doubts as to whether Cuba’s critical neighbours will continue a policy of resuming normal ties, Bradley Klapper says . . .

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INSIGHT: Dare to dream your own destiny

‘Everybody is a Genius,’ said Albert Einstein. ‘But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.’ This week, millions of students all over the world will be returning to classes to rece

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60% non-insurance 'huge factor' for Abaco's rebuild

The Abaco Chamber of Commerce’s president yesterday warned that the 60 percent non-insurance rate will be a “huge factor” limiting the pace and extent of the island’s recovery.Ken Hutton told Tribune Business that the relatively low level of insuranc

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ART OF GRAPHIX: Strong work ethics to open many doors

When it comes to employment, there is one ‘must have’ trait. Can you guess what it is? It is work ethic. Many job seekers struggle to understand that work ethic is more than just an innate mix of good family upbringing and personal qualities but, rather, a trait you can actually nurture. So, what does work ethic mean? Work ethic refers to a set of key moral values that guide individuals towards successfully completing their work in a formal environment.

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Avoid furlough end ‘double whammy’

The Grand Bahama Chamber of Commerce’s president has warned that the furlough period’s end must be “well thought-out” to avoid inflicting a “double whammy” on workers and businesses.

‘Standard bearer’ bank put into administration

A Bahamian bank, whose new owners pledged it would be “a standard bearer” for the jurisdiction just eight months ago, has been placed under statutory administration by the Central Bank.