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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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‘Specialist skills dearth’ hurts financial services
A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.
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‘Desperate need’ to update Securities law
REGULATORS have argued that the main law governing the Bahamian capital markets’ regulatory regime needs to be modernised to account for 13 years of change.
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BAMSI eyes strawberry market
THE Bahamas Agriculture and Marine Science Institute (BAMSI) has ventured into strawberry cultivation, eyeing not only a good market but also the opportunity to train Bahamians in harvesting and grading techniques of the berries, BAMSI Farm Manager Ayrett Lightbourne said.
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Kwasi: Make sure $2bn investment felt by GB
KWASI Thompson, MP for East Grand Bahama and Shadow Minister for Grand Bahama, has urged the PLP government to ensure the $2bn investment touted by the government brings tangible benefits to Grand Bahamians.
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Footcare provider targets new investor capital raise
A BAHAMIAN footcare provider plans to tap its investors for further equity this summer as it pushes forward with further expansion following an initial roll-out that “surpassed expectations”.
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Restaurant chain to double staff as revenues rise 15%
A BAHAMIAN restaurant chain is aiming to double its workforce by July through the creation of 48 new jobs with revenues for the year-to-date some 15 percent ahead of 2023.
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National School Breakfast pilot programme to be expanded to reach additional 2300 students
THE Office of the Prime Minister said yesterday it would expand the National School Breakfast Pilot Programme to reach an additional 2,300 students, “offering them a healthy start to their day with a free warm breakfast”.
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CARIFTA swimming team named
AFTER the completion of its final trials over the weekend at the King’s College School’s 25-metre pool, Bahamas Aquatics has selected a quality 36-member team on their quest to win a sixth straight CARIFTA swimming championship title.
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PM: ‘Fundamentals’ of BPL deal now agreed
THE Prime Minister last night said “the fundamentals of the deal” to outsource Bahamas Power & Light’s (BPL) management are agreed amid pledges the deal will take the utility to a “gold standard”.
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‘Impeccable’ Heroic timing: $7.1m plant ‘well worth it’
A GRAND Bahama concrete plant’s $7.1m investment is “well worth it” despite exceeding budget given the “impeccable” timing of yesterday’s ready-mix production launch.
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Supreme Court takes over PharmaChem’s liquidation
The liquidation of PharmaChem Technologies has been placed under the Supreme Court’s supervision due to the company’s massive insolvency, Tribune Business can reveal.
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Aviation chief hails sector’s positive ‘industrial climate’
THE Government’s aviation director yesterday hailed the positive “industrial climate” with trade unions in the sector.
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PM says there is ‘some misinterpretation of allocation of funds’ for $100k travel expenses
PRIME Minister Philip “Brave” Davis said criticism of how his administration used $100,000 in travel expenses before last year’s by-election was the result of “some misinterpretation of allocation of funds”.
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‘Investigate $100k travel expense at by-election’
FREE National Movement leader Michael Pintard said the Davis administration misused public funds when $100,000 was spent to cover travel for Family Island trips that included events encouraging people to vote for the Progressive Liberal Party’s candidate in the West Grand Bahama and Bimini by-election.
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Oil waste facility opens in GB
THE Clean Marine Group (CMG) has opened its MARPOL Port Reception Facility in Grand Bahama.
