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'Hanging' no longer: PM affirms NIB rate increase
Private sector executives last night voiced relief that The Bahamas is no longer "hanging on this thing" after the Prime Minister confirmed a National Insurance Board (NIB) contribution rate increase will be implemented on July 1, 2024.
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Bahamas reputation 'whole' despite SBF guilty verdict
The Prime Minister's press secretary has maintained that The Bahamas' financial services reputation remains intact after FTX's founder was last week found guilty of defrauding clients of up to $10bn.
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Revamped British Colonial to be ‘incredible property’
The revamped British Colonial resort will "be an incredible property" that no longer operates under a recognised flag or brand, it was disclosed yesterday.
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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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'Put money where mouth is' on Abaco's port woes
The Government was yesterday urged to "put your money where your mouth is" and finally address Abaco's port woes, with frustrated residents asserting: "They need to quit promising and start doing."
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Cable 'accelerates' fibre due to Elon Musk threat
Cable Bahamas is "accelerating" the roll-out of its fibre-to-the-home network infrastructure in response to the competitive "threat" posed by Elon Musk's Starlink, its chief executive revealed yesterday.
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Architects' chief 'can't let go' Building Control fight
The Institute of Bahamian Architects (IBA) president says his legal battle with Building Control "can't be let go" for the profession's greater good after he was refused permission to appeal to the Privy Council.
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Atlantis probe can’t be ‘a fishing expedition’
A trade union leader yesterday warned the Government that it must have "a legitimate basis" for its Atlantis labour probe and said: "It cannot be a fishing expedition."
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'Jobs, jobs and more jobs': Staff sought for 700 posts
The British Colonial resort will hire up to 400 staff before it fully re-opens this December, the Government's labour chief revealed yesterday, adding: "The majority of Bahamians who want a job can find one."
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Insurers 'over reacting' on 50% investment 'minimum'
The Ministry of Finance's top official yesterday said insurers are "over reacting" to the consultation on holding a "minimum" 50 percent of their investments in government securities as he refuted fears it is "desperate for funds".
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Boating industry watches for VAT yacht charter ease
A former Association of Bahamas Marinas (ABM) president says the industry is "eagerly" waiting to see if the VAT on yacht charters is adjusted in today's Budget as he blamed its imposition for a 20 percent gross revenue fall at his business.
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Target cruising's top 10% for 'awesome' conversion
Nassau Cruise Port's top executive yesterday said The Bahamas must target the "top 10 percent" of cruise visitors with a compelling "value proposition" to realise a "huge" stopover conversion opportunity.
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Pineapple revival 'not as easy as throwing $2.5m'
A Bahamian pineapple farmer yesterday warned that the Governments ambitions to revive this agricultural niche will "not be as simple as just throwing $2.5m at it".
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DPM urges Atlantis: 'Put money where mouth is'
The Deputy Prime Minister yesterday invited Atlantis to “put their money where their mouths are" and team with the Tourism Development Corporation to help drive downtown Nassau's revival.
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PM's GBPA warning leaves investors 'hanging out there'
Private sector executives yesterday voiced concern that the Prime Minister's "decisive action" warning to the Grand Bahama Port Authority (GBPA) and its principals will deter potential investment in Freeport.
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Gov't considers plan for Melia reopening
The Deputy Prime Minister yesterday said plans to re-open Cable Beach's Melia Nassau Beach Hotel are being “favourably considered” by the Government and an announcement on the property's future will be made in due course.
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Bahamas and TCI establishing maritime boundaries split ‘down the middle’
FOREIGN Affairs Minister Fred Mitchell said The Bahamas has recommended that the maritime boundary between this country and the Turks and Caicos be split in the middle of the two nations.
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Fred to investors: 'Pay your fair share or look elsewhere'
The Progressive Liberal Party's (PLP) chairman has demanded that foreign investors "pay your fair share or look elsewhere" in response to push back over the Government's various new tax and revenue-raising measures.
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CRUISE LINE PLAN FOR GB REVEALED: Xanadu hotel acquisition part of Royal Caribbean goal to transform harbour
Royal Caribbean Cruise Lines is eyeing the potential acquisition of Freeport's long-closed Xanadu Beach Hotel as part of plans to develop a resort and water park destination, it can be revealed.
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RODERICK A SIMMS: Freeport’s revival map with or without GBPA
The residents of Grand Bahama have become very weary when it comes to the prevailing economic conditions on their island. As the prolonged economic downturn persists, many have directed their frustration towards the Grand Bahama Port Authority (GBPA), seeking to hold it accountable for the lack of progress.