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Loss-making Pizza Hut’s close: 90% of jobs saved
Almost 90 percent of impacted staff have retained jobs despite the loss-making Pizza Hut franchise’s decision to shut its three New Providence locations with effect from Sunday.
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Gov’ts $131m deficit goal ‘already out the window’
The Government’s projected $131m deficit for the current fiscal year is “already out the window” given the performance for the first four months, a financial analyst asserted yesterday.
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‘We must know what the heck is happening over GB airport’
Grand Bahama’s Chamber of Commerce president says “it’s absolutely critical we know what the heck is happening” with the airport redevelopment if Freeport is to position itself as a “city on the move”.
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Baker, Wilson and Darville sign with Boston Red Sox
Three Bahamian teenagers signed a contract with the Boston Red Sox yesterday, bringing them one step closer to furthering their baseball careers.
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Man on bail accused of gun threats against two men
A BUSINESSMAN was granted bail after he allegedly threatened two men with a gun at a bar on Blue Hill Road last weekend.
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NPBA: Heatwaves, Rockets, Shockers in the win column
THE New Providence Basketball Association continued its regular season action over the weekend at the Kendal Isaacs Gymnasium with a series of games played.
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GB entrepreneur to crowd fund entertainment centre
A Grand Bahama entrepreneur will formally announce his bid to crowd-fund the development of an entertainment centre on February 3.
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Opposition chief urges 'one stop' approvals in Freeport
The Opposition's Leader yesterday called for a 'one-stop' approval process for all potential investors in Freeport as a means to revive the city's fragile economy.
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INSIGHT: Time for blame has passed, action needed
PEOPLE are often quick to take credit, but quicker still to shift blame elsewhere. Take our recent crime spike, for example.
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Governor General marks first official visit to Grand Bahama
GOVERNOR General Cynthia “Mother” Pratt travelled throughout Grand Bahama and met Bahamians from all walks of life during her first official visit last week.
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$600m Shipyard project ‘under threat’ over airlift
Grand Bahama Shipyard’s $600m dry dock investment and related projects “are already under threat” due to the island’s airlift shortage, its chief executive has warned.
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Electric car dealer targets mid-year start on new HQ
A Bahamian electric vehicle dealer yesterday revealed it beat 2023 targets via a “one-third” sales increase as it bids to start construction on its new “multi-million” headquarters by around mid-year.
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Opposition: ‘Adjust’ Budget as 91% of deficit room used
The Opposition’s finance spokesman last night warned the Government “must adjust” its Budget targets and figures despite year-over-year improvements in its October revenues and deficit.
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‘Raise the bar’ call on permanent residency
A Bahamian realtor has renewed his call to raise the threshold above which foreign home buyers can qualify for permanent residency to $1m as part of a strategy to “take the strain” off raising taxes.
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CRACKDOWN: More intrusive policing coming, anti-gang laws are promised, more CCTV and increased patrols
PRIME Minister Philip “Brave” Davis said more intrusive policing is coming in response to the rising murder rate.
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Abaco jam maker laments lack of Out Island support
An Abaco jam and preservative maker needs $80,000 for a new machine to scale-up production and is lamenting the lack of support for Family Island businesses.
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Commerce is hit by BPL ‘generator trip’
Many New Providence businesses were hit by a Friday power outage lasting several hours after Bahamas Power & Light (BPL) suffered “a generator trip” at both the island’s power stations.
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Carnival unveils its public affairs chief
Carnival Corporation has hired the former chief operations officer at Grand Bahama’s water supplier to help strengthen local ties prior to its new $500m cruise port opening.
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Bahamas $500m loan secures over half external finance need
The Bahamas has secured more than half its foreign currency financing needs for the current fiscal year by obtaining a $500m loan partially guaranteed by the Inter-American Development Bank (IDB).
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Real estate crowd-funder urges it get a ‘fair shake’
A crowdfunding-based real estate business is urging that it be given a “fair shake” as it enters its fourth year of seeking approvals from Bahamian financial services regulators.
