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Govt approved $1m to support Bahamas Pavilion and 'presence' in Dubai
THE Davis administration approved up to $1m to support The Bahamas Pavilion and a Bahamian "presence" in Dubai, according to Director of Communications in the Office of the Prime Minister Latrae Rahming.
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Reserves slide continues trend with four percent fall
External reserves slid by four percent in November, continuing a trend, according to the Central Bank of The Bahamas.
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Lucayan price tag set at $150m
MINISTER of Tourism, Investments and Aviation Chester Cooper said the government hopes to sell the Grand Lucayan resort for about $150m, the amount that has already been invested in the project.
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Davis: We must partner with private sector to succeed
PRIME Minister Philip “Brave” Davis told business leaders that his administration will play its part in enhancing the country’s macroeconomic environment, but needs partnership with the commercial sector for the country to succeed.
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‘This is the time to get out’ of oil exploration
Environmental activists yesterday renewed arguments that a permanent ban on oil drilling in Bahamian waters “really makes sense now” as they urged the Davis administration to act.
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Bahamas corruption: ‘Full picture not told’
The Bahamas’ latest relatively favourable corruption ranking “doesn’t tell the full picture”, governance reformers warned yesterday, as they urged it to “grow a culture of integrity”.
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EDITORIAL: Is Dubai spending the best use of our money?
THE trip by a Bahamian delegation to Dubai was always going to raise questions about the cost.
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Sale frustration leaves Treasure Cay ‘in limbo’
Uncertainty over Treasure Cay’s post-Dorian recovery and future ownership is dampening its economic prospects and resulting in “endless” streams of revenue being left untapped.
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Price? All we want is to see Lucayan sold
GRAND Bahama Chamber of Commerce president Greg Laroda believes that getting the Grand Lucayan resort sold is more important to Grand Bahamians than the proposed price tag of $150m.
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Cheap money era is now likely over
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LOOKING ahead to 2022, two narratives will be hard to avoid. One is the ongoing energy crisis, which saw oil, gas and coal prices skyrocketing over the last few months. And if inflation, which to a large degree is linked to the energy crisis, proves to be a more permanent problem than previously thought, the tightening of monetary policies by some of the world’s main central banks has also taken centre stage.
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Farming investors: ‘You can taste the difference’
The Bahamian principals behind a $60m hydroponic farm project yesterday voiced hope it will inspire “our fellow Bahamians” to invest in the sector, adding: “We’re full speed ahead.”
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Abaco eyes Economic Council after tiring of Nassau’s ‘diktats’
Abaco’s private sector is seeking to create an Economic Development Council for the island, it was revealed yesterday, after becoming tired of being “dictated” to by Nassau.
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The bridge
The 2021 general elections were pivotal to the recovery of the nation from the ravages of the devastating hurricane Dorian and her brother Andrew coupled with the arrival of the cousin COVID-19. They all came here uninvited and, clearly, we had not prepared rooms for them.
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Bahamian farm eyes 1.4m herbs in $60m joint venture
A Bahamian hydroponic producer and its US partner last night revealed they will invest $60m in developing a 71,000 square foot facility able to grow “300 times more food” than a traditional farm.
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WORLD VIEW: Deeper integration of CARICOM countries cannot wait
THE destruction by tornadoes of Kentucky, a south-eastern State of the United States of America (US), on December 12, has lessons for the countries of the Caribbean Community (CARICOM), as 2022 dawns amid the continuing COVID-19 pandemic and weakened economies.
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Minnis: Govt priority should be those who have not been paid
FORMER Prime Minister Dr Hubert Minnis said the Davis administration’s priority should be on people who have not been paid for contracted government work and not on sending a large delegation to Dubai.
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Thirteen alternatives to ‘act of humiliation’
The Grand Lucayan’s ex-chairman yesterday urged the Davis administration to pick up four “serious” purchase offers for the resort that he left behind as an alternative to “an act of humiliation”.
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Super Value’s solar roll-out eyes 60% energy bill slash
Super Value’s principal yesterday revealed the supermarket chain is aiming to slash its energy bill by “60 percent or better” through installing solar power at all its stores by summer 2022.
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Hilton closure shows city ‘not functioning’
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said the British Colonial’s closure shows the destination “is not functioning”, and added: “You never see a Hilton shut in a city”.
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INSIGHT: Much A-Dubai about nothing
Dubai’s lightning explosion onto the world scene is exactly the kind of example The Bahamas needs to break out of our sad cycle of stagnation and mediocrity. Prime Minister Davis should be applauded for having the initiative and imagination to lead the way in connecting us with one of the most stunning economic revolutions in modern history.
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