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More Caribbean growth now on insurer’s ‘radar’
A Bahamian insurer says “there is something on our radar” for further Caribbean expansion as it bids to cut its reliance on this nation to just 55-60 percent of its annual business activity.
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COVID relief ‘saving grace’ for franchise’s new store expansion
A Bahamian cheesesteak franchise yesterday said COVID-related financial assistance from the Small Business Development Centre (SBDC) was “the saving grace” for its second store expansion.
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Financier cautions on Family Island airport ‘plans’
AN international financier with experience in infrastructure projects in The Bahamas has cautioned the country’s airport expansion projects need “significant planning”.
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REEF working with govt on airport handover
THE Revitalization and Economic Expansion of Freeport (REEF) Committee is working with the government on completing the handover of the Grand Bahama International Airport, among other critical short-term objectives to bolster the island’s economy.
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$65m airport expansion: Legal threat ‘no setback’
The government’s top aviation official yesterday said he foresees “no setback” to the $65m North Eleuthera airport expansion despite legal action that is seeking to evict its agencies from that location.
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Land owners threat to airport expansion
The government’s repeated failure to settle a 60 year-old grievance has put the planned North Eleuthera airport expansion in peril from potential legal action by over 3,000 “common” land owners.
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Gov’t facing ‘ejection’ over $26m land claim
The Government is being threatened with “ejection” from the North Eleuthera Airport and other assets unless it pays almost $26m in compensation for their use over a six-decade period.
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Bahamian retailer expands eastward
A well-known Bahamian retailer yesterday said it is aiming to complete its eastern New Providence expansion in time for Christmas 2021 and reach a market segment currently underserved.
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Financial services group in $12m HQ expansion
Bahamian regulators have hailed a financial services group’s expansion into online banking, and its $12m investment in a new head office, as signalling that this nation remains a “viable” jurisdiction for the industry.
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The American turbo-charged recovery
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THE US economy is currently on track to surpass previous growth expectations, as demonstrated by the latest job numbers published on Good Friday, which gave account of 916,000 new jobs created in the country during the month of March, largely exceeding the consensus forecast of 647,000.
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‘Bitter impasse’: Both sides claim win in Old Fort battle
A “bitter impasse” at one of western New Providence’s most affluent communities has ended with its developer confirmed as owner of the Old Fort Bay Club and the project’s marina.
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Cheesesteak franchise targets up to seven locations
A prominent US cheesesteak franchise yesterday unveiled plans to expand to up to seven Bahamas locations as it opened its second Nassau outlet with the creation of 40-50 jobs.
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BOB to expand branch network
Bank of The Bahamas yesterday revealed it plans to buck the industry’s downsizing trend by opening two new branch locations on New Providence by September 2022.
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Medical plan sees Florida expansion
A Bahamian medical plan yesterday said it has expanded to south Florida by signing up 20 doctors for clients to choose from when in that state.
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GB’s ‘Caribbean first’ raises additional $10m
The Caribbean’s Grand Bahama-based first “clean port facility” yesterday confirmed it has raised an additional $10m to fund an expansion that will be completed by this July.
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Freeport company eyeing New Providence franchise
A Grand Bahama business yesterday said it is eyeing the possibility of a second franchise expansion to New Providence this year following the move into Abaco.
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Physicians president’s alarm at lack of health resources
CONSULTANT Physicians Staff Association president Dr Sabriquet Pinder-Butler says it’s “alarming” that Princess Margaret Hospital is at full capacity due to increased COVID-19 cases, but a compounding challenge remains – the lack of human resources in public health.
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DPM praises ‘exceptional’ Sandals 95% occupancy
The deputy prime minister yesterday hailed Sandals Emerald Bay’s “exceptional” 90-95 percent slow season occupancy levels with the resort chain eyeing further Bahamas expansion.
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National Trust opposes cruise sector expansion
The Bahamas National Trust (BNT) has placed itself at odds with a cornerstone of the Government’s economic growth strategy by voicing its opposition to the cruise industry’s expansion in The Bahamas.
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Supplies business celebrates decade of Freeport operation
GRAND Bahama Industrial Supplies has reached a ten-year milestone in Freeport, rebuilding its operation from scratch after suffering severe flood damage two years ago during Hurricane Dorian.
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