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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.
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Cooper: Show national pride in tourism sector
The Ministry of Tourism Investments and Aviation launched its “Tourism is Everyone’s Business” domestic campaign yesterday which aims to educate the public on the importance of the country’s largest industry
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FOCOL eyes 25% profit surge plus acquisitions
FOCOL Holdings is predicting a profit increase of 25.2 percent over the next three years with proceeds from its newly-launched $25m rights offering set to fund unspecified acquisitions and expansions.
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GB airport demolition start 'within 30 days'
The deputy prime minister yesterday pledged demolition work at Grand Bahama International Airport will begin "within the next 30 days" after the Government "executed an agreement" with the UK operator.
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'Phenomenal': Carnival's extra $100m to drive 5.5m GB cruise tourism surge
Carnival's extra $100m investment to double the volume of ships its new port can handle will lead a cruise-driven 5.5m visitor surge to Grand Bahama in 2028, it was revealed yesterday.
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EU blacklist escape blocks double-digit insurance rise
Bahamian households and businesses yesterday escaped potential double-digit increases in insurance costs after this nation secured its removal from the European Union’s (EU) tax blacklist.
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Deltec pleaded Bahamas law breach, poverty over FTX evidence demands
Deltec Bank & Trust pleaded poverty and violations of Bahamian law in a failed bid to block aggrieved former FTX investors from forcing it to provide evidence.
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DIANE PHILLIPS: It’s our problem. We’re the solution – Safe Bahamas made us all part of the picture, no one escaped responsibility
Crime is not someone else’s problem. It is ours. All of us.
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ONE ELEUTHERA FOUNDATION – Educational tourism: A sustainable and transformative niche
In an era where travel is increasingly driven by unique experiences and personal enrichment, niche tourism, particularly Educational Tourism, is emerging as a transformative force not only for travelers but also for small local economies and social development.
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Fidelity eyes $18m profit after ‘opening the hood’
A BISX-listed bank yesterday revealed it is targeting $18m in full-year profits for 2024 after “opening the hood” to assess why last year’s projections were missed.
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70-room beach club next in Sebas’s $510m expansion
A 73-room beach club located at Love Beach likely marks the next stage in the $510m real estate expansion being pursued by Sebas Bastian’s Brickell Management Group (BMG).
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‘Pregnant with opportunity’: FOCOL’s $25m rights issue
FOCOL Holdings is “pregnant with opportunities”, its chairman said yesterday, as it unveiled a $25m rights offering for existing shareholders to finance further expansion plans.
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Gov’t to split ‘smart city’ money streams with Aliv
THE Government’s digitisation chief yesterday said it will evenly split the “new money” generated through its three-year partnership with Aliv to transform downtown Nassau into a “smart city”.
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Agriculture group targets $25m for 20% of chicken, egg market
BAHAMIAN agricultural entrepreneurs have unveiled ambitions to raise $25m in financing that will enable them to “tap into 20 percent” of this nation’s chicken and egg import market.
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Junkanoo Beach vendors back transformation plans
THE Junkanoo Beach Association’s (JBA) president yesterday praised the Government’s plans to overhaul the destination as “magnificent for the whole product overall”.