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Fund manager to be ‘little more defensive’
A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.
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Airline says fix airport or we pull out of route
A Cabinet minister yesterday revealed that American Airlines threatened to pull out of its Governor’s Harbour route expansion if $6m in airport upgrades were not completed within two months.
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GB medical school’s $25m expansion to give 200 jobs
A Grand Bahama medical school says its imminent $25m expansion will create 200 construction jobs as it dismissed a legal battle with its co-founder as “a distraction”.
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Opposition in Spanish Wells to shanty demolitions
SOME Spanish Wells commoners oppose the impending demolition of illegal shanty town structures either entirely or in part, arguing that the needs of people who were allegedly given permission to build on commonage land should be respected even if their structures are not legally built.
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PETER YOUNG: NATO fulfils its purpose
Celebrations of the 75th anniversary of NATO (North Atlantic Treaty Organisation) were in full swing last week as all concerned paid tribute to the success of this remarkable intergovernmental military alliance since its founding in 1949. In the words of its Secretary-General, Jens Stoltenberg, “NATO is bigger, stronger and more united than ever” and has broadly ensured peace, democracy and prosperity for its members.
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PharmaChem more than $68m insolvent
PharmaChem Technologies is more than $68m insolvent with its major creditor having secured just 26.3 percent of the massive debt owed to it, Tribune Business can reveal.
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African bank eyes $700m investment in Caribbean
The African Export-Import Bank (Afreximbank) is eyeing a $700m investment in the Caribbean as it prepares for its annual general meeting (AGM) that will be held in The Bahamas this June.
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WORLD VIEW: It’s time the UN Security Council acts to stop the killing in Gaza
THE escalation of violence in Gaza by Israel has prompted a global outcry, marking a rising disgust, particularly among the young, of what is widely regarded as a hugely disproportionate response to the Hamas attack on Israel on October 7, 2023.
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MOE to help parents prepare kids for exams
A “PARENT” unit is being set up by the Ministry of Education to help parents support their children as they prepare for examinations.
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School breakfast programme expanded to five more schools
MORE than 2,000 students will receive free meals with the expansion of the National School Breakfast Pilot Programme in five more schools, according to Education Minister Glenys Hanna-Martin.
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Gov’t and Opposition fight on GDP growth
THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.
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Bahamas approved for $60m ‘blue economy’ credit facility
THE Bahamas is gaining access to a $60m credit line targeted at micro, small and medium-sized businesses (MSMEs) in the so-called ‘blue economy’ in a bid to boost sustainable development.
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‘Stress’ will stop business from joining apprenticeship scheme
THE private sector is dealing with too much “stress” to participate in the National Apprenticeship Programme, said former Prime Minister Dr Hubert Minnis yesterday.
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FOCOL targets wide growth in ‘preparing for the next 50 years’
FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”
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Freeport real estate sees 25% surge before market ‘explodes’
Freeport property sales and rentals were yesterday said to have increased by 25 percent in recent months as buyers seek to enter the market before it “explodes” from $2bn worth of investment projects.
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‘Make the switch’: 2.6% growth below forecasts
THE Bahamas must “make the switch” to focus on medium to long-term economic goals after it was revealed yesterday that 2023’s 2.6 percent real GDP growth came in below expectations.
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PI resort proposal expands units 46%
The former Paradise Harbour Club’s proposed redevelopment is being expanded to a seven-storey hotel featuring a 46 percent increase in units compared to earlier plans.
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Bahamasair industrial deal raises pilot retirement age
Bahamasair and its pilots have agreed to raise the latter’s retirement age to 65 to alleviate any fears of labour shortages as part of Friday’s $500,000 industrial agreement.
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Freeport poised to be ‘fastest growing Caribbean economy’
FREEPORT needs Nassau-based investors to help build “critical mass” in a city “poised to be the fastest-growing economy in the Caribbean”, a Port Authority executive asserted yesterday.
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