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$6m allocated for food security initiatives
THE government is allocating over $6m to support its food security initiatives, according to Agriculture and Marine Resources Minister Clay Sweeting.
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Two new schools for San Salvador and Exuma
THE government will build two new schools on the Family Islands at a cost of $16m each, Education Minister Glenys Hanna Martin announced in the House of Assembly yesterday.
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Coral disease fighter: ‘We are being seen as pirates’
The scientific institute spearheading The Bahamas’ fight against a killer coral disease yesterday said it may have to start slashing local jobs this summer due to permitting woes, adding: “We’re being viewed as potential pirates.”
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‘Still among leaders’: But Bahamas’ FDI down 60%
The Bahamas is “still among the leaders” despite a United Nations (UN) agency yesterday revealing that foreign direct investment inflows to this nation declined by 60 percent year-over-year in 2021 to $360m.
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Bahamasair: Extra $200k weekly fuel bill ‘won’t suffocate’ demand
Bahamasair’s top executive yesterday voiced optimism that a fuel bill which has skyrocketed by up to $200,000 per week “won’t suffocate” travel demand despite the airline readying “another small” fare increase.
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Vacation homes, retail driving Andros growth
The Andros Chamber of Commerce president says the island experienced “significant growth” in 2021 with vacation homes and the retail sector leading the way.
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Compass Point restaurant to follow resort into closure
COMPASS Point’s restaurant will close at the end of July, its proprietor confirmed yesterday, following the previous shuttering of the resort.
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Disabled crane operators lose Weather Dept tornado claims
Three former Freeport Container Port operators have lost their bid to claim damages from the Government over disabilities and “extensive psychological trauma” resulting from the March 2010 tornado that devastated the firm’s operation.
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Ex-GBPA chair loses $82k claim strike out
A former Grand Bahama Port Authority (GBPA) chairman’s bid to be removed as a defendant in an $82,300 claim brought by three ex-employees of his insolvent BISX-listed company has been rejected by the Supreme Court.
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DOMES FOR RENT: Emergency homes in Abaco have been secretly rented out
DISASTER Reconstruction Authority executive chairman Alex Storr said investigations launched on the dome project on Abaco, initiated by the previous government administration, found some residents were renting the temporary housing structures for monetary gain.
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NIB to boost prosecution of delinquent employers
A Cabinet minister yesterday said the National Insurance Board (NIB) plans to prosecute more delinquent employers, and recover all contribution income due to it, amid projections that its $1.6bn reserve fund will be exhausted by 2028.
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AML: 8,000 sign-up for shopper loyalty move
AML Foods says more than 8,000 consumers have already signed up for its latest loyalty initiative that has been launched to help Bahamians combat soaring inflation.
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BPL woes can’t be solved ‘overnight’
Bahamas Power & Light’s (BPL) struggles to keep the power on are the result of “legacy issues” that cannot be solved “overnight”, a trade union leader asserted yesterday.
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Ex-finance minister: No fear on $2.3bn roll over
A former minister of state for finance yesterday said he expects the near-$2.3bn in Bahamian dollar debt, which is due for repayment over the next 18 months, to be rolled over without any alarm.
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Bahamas must get youth for ‘leg up’ on Caribbean
The Bahamas was yesterday urged to start a youth movement so it can grow - for “generations to come” - a flats fishing industry likely to have expanded far beyond its $141m economic impact in 2010.
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$4.2bn in hurricane damages
THE Bahamas has suffered more than $4.2bn in damages and losses as a result of hurricanes over the last seven years, Prime Minister Philip “Brave” Davis revealed yesterday as he called for more to be done to fight against climate change.
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Agricultural Fund seeking to revive interest among young
A Cabinet minister yesterday said the Government plans to create an Agricultural Development Fund that will give young farmers access to grant and loan financing.
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Budget’s housing focus can be ‘windfall catalyst’
The Budget’s focus on stimulating home ownership “could be the catalyst that triggers an economic windfall” by boosting investor confidence in the wider economy, the Bahamian Contractors Association’s (BCA) president believes.
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Coral killer will ‘decimate’ tourism, fisheries sectors
The Bahamas National Trust’s (BNT) top executive yesterday warned that tourism and other coral reef-reliant industries will be “decimated” unless this nation rapidly arrests the spread of a killer disease for these key marine ecosystems.
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Gov’t eyes double return on ‘harsh health realities’
The Government plans to solve “the harsh realities” of Family Island healthcare by doubling the number of new and renovated clinics that will be overhauled via $45.5m in development financing.
