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Grand Lucayan to re-open Tuesday

The Grand Lucayan resort will re-open on Tuesday, its chairman revealed yesterday, in a move that will return 200 staff to work and seek to narrow the government’s ongoing subsidy.

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Governor: Stick to plan for 'credibility'

The Bahamas must “show credibility” by sticking to its medium and long-term fiscal plan despite Hurricane Dorian’s $436m blow, the Central Bank’s governor urged yesterday. John Rolle, pictured, told Tribune Business it was critical that this nation “

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'Don't spend before necessary' on Dorian

The Bahamas must not be “aggressive and spend money before we need to” on Hurricane Dorian restoration, a former Chamber of Commerce chairman warned yesterday. Gowon Bowe told Tribune Business it needed to craft a recovery strategy that minimised di

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One-cent's end 'rounding' into regulation query

The Central Bank yesterday pledged to work with the government’s consumer protection agencies to determine if the Bahamian one-cent coin’s phase-out will spark more regulations.John Rolle, its governor, said it had already “alerted” the relevant enti

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DPM: $15m Dorian help 'sufficient'

The deputy prime minister yesterday said the $15m provided by the government to-date to assist up to 2,500 Dorian-ravaged businesses is “sufficient for the time being”.K Peter Turnquest, speaking as the government provided further details on how Abac

IAN FERGUSON: Making work bearable for the cancer fighter

October is a month given to the awareness and celebration of persons living through breast cancer diagnosis. Women and men experiencing this ordeal find it necessary to have strong support as they go through the gruelling stages of treatment and reco

GB must 'make most' of one-year Recovery Zone

Grand Bahama firms were yesterday urged to “make the most” of their one-year Economic Recovery Zone (ERZ) designation, a private sector leader saying: “We didn’t expect three years.” Gregory LaRoda, the Grand Bahama Chamber of Commerce president, to

Baha Mar among 'Atlantic's top 25'

Baha Mar and its hotel brands have been recognised among the “Top 25 Resorts in the Atlantic” by Condé Nast Traveler’s Readers’ Choice Awards 2019.“We are honoured to be recognised by Condé Nast Traveler readers as a leading destination in the Atlant

Grand Lucayan to re-open Tuesday

The Grand Lucayan resort will re-open on Tuesday, its chairman revealed yesterday, in a move that will return 200 staff to work and seek to narrow the government’s ongoing subsidy. Michael Scott, head of the Lucayan Renewal Holdings Board, told Trib

Govt urged: 'Secure' Marsh Harbour port

The Abaco Chamber of Commerce president has urged the government to “secure” the island’s major shipping port so that commerce can again flow freely and boost post-Dorian recovery. Ken Hutton, pictured , told Tribune Business that while the November

DPM: 'Open data culture' critical to better governance

The deputy prime minister yesterday said the creation of “a culture of open data in government” is critical for national development and better decision-making.K Peter Turnquest, addressing a forum held by the Ministry of Finance in conjunction with

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Dorian's $436m fiscal blow needs 'tight' rein

The government was last night urged to keep a “tight” rein on post-Dorian recovery after the storm blew an estimated $436m hole in its fiscal deficit target for 2019-2020.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, to

Ansbacher settles $10m legal battle

A Puerto Rican bank has blamed Ansbacher (Bahamas) for the now-ended controversy surrounding the latter’s claim that $10.087m of its funds were “wrongfully retained”.Ruben Mendez Benabe, an attorney for Bancredito International Bank, told Tribune Bus

Fisheries loss far more than PM's $11m

Senior fisheries executives yesterday argued that the prime minister’s $11m Dorian damages figure had “significantly” under-estimated the storm’s impact on the sector.Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-chairman, who

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Cable 'steps up' its targeting of enterprise niche

Cable Bahamas yesterday revealed it plans to “step up” its targeting of large-scale corporate and government clients with custom-made communications technology solutions.Franklyn Butler, the BISX-listed communications provider’s chief executive, told

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