OBITUARIES THURSDAY
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HIGH 85ºF McGriddles LOW 74ºF Sweet & Savory Mornings Volume: 120 No.80, April 27, 2023
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Laroda warns NIB running on fumes
He adds ‘the first rate increase is not going to save the fund’ By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net MYLES Laroda said the National Insurance Board fund is “basically running on fumes” and can only be stabilised when the contribution rate is increased by 1.5 per cent for the third or fourth time in the future. He said extending the retirement age, cutting benefits, or combining these two options would not address the problem.
His comments came during a Progressive Liberal Party Elizabeth constituency branch meeting on Tuesday night. “When (NIB) started out, you were collecting benefits on $400 a week; now it’s almost $700 a week,” he said. “You were paid out to a few thousand pensioners; now you’re paying out to 43,000 pensioners. We’re paying benefits even though you did not increase the amount that was due into
Homeward in the rain
ELECTED officials passed a resolution in the House of Assembly yesterday to establish a Human Rights Committee to monitor and protect the enforcement of human rights in The Bahamas. Legislators highlighted numerous issues relevant to the committee, from marital rape and gender-based violence to police-involved
Smith rejects RCI density claim, calls it ‘a damn lie’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse yesterday blasted that it was “a damn lie” for Royal Caribbean to assert his project will have a higher guest density than its own. Toby Smith, the Paradise Island Lighthouse and Beach Club principal, vehemently rejected assertions by Jay Schneider, the cruise giant’s chief product and innovation officer, that his venture was seeking to host some 1,000 visitors per day on a threeacre Crown Land parcel he has been trying to lease. Mr Schneider, in an FULL story - See Business
Another man murdered last night in Kennedy Sub
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Human Rights Committee resolution passed in HOA By JADE RUSSELL and LEANDRA ROLLE Tribune Staff Reporters
CLASSIFIEDS TRADER
killings and the treatment of people in custody or prison. The committee will comprise five members of the House of Assembly and three members of the Senate. The resolution said: “(The committee would) assess and evaluate all matters related to the protection and enforcement of human rights in The Bahamas; determine the level at which such rights
A boy on his way home using his backpack to keep the rain off on a day of rainclouds in New Providence yesterday. Photo: Austin Fernander
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Govt would ‘absolutely’ address fronting issue By LETRE SWEETING Tribune Staff Reporter lsweeting@tribunemedia.net LABOUR Minister Keith Bell said immigration officials are reviewing Chief Justice Ian Winder’s recent ruling on “fronting”, adding the government would “absolutely” address the controversial, long-standing practice. Chief Justice Winder ruled last month that “illegality was a major part” of
Labour Minister Keith Bell a Bay Street retail fronting deal involving the
Skandaliaris family, a prominent Greek-Bahamian family. He ruled that a company owned and controlled by the family signed an agreement with two US investors to circumvent the National Investment Policy’s stipulation that retail businesses are reserved for Bahamian ownership only. The ruling shone a rare light on the practice of
Nassau & Bahama Islands’ Leading Newspaper
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A MAN was shot multiple times as he sat outside his apartment complex and died as he tried to flee to safety last night in the country’s latest murder. The victim died in his home as he tried to evade his attackers, who shot him as he sat outside a complex in Lily Way in the Kennedy Subdivision. Police were alerted to the shooting shortly before 11pm by ShotSpotter technology. Police at the scene last night said they were stepping up patrols in the SEE page Five
Front Porch
Focus on education and literacy may help address crime issues
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