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Economic Freedom in The Bahamas

The existing interventionist policy of restricting areas to the discretion of politicians is a declaration that business is free to act as long as what it does complies exactly with the plans and intentions of the government.
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Bahamas maintains share of tourist market

NASSAU, The Bahamas -- The Bahamas maintained its share of the tourist market, bringing in a record 3.5 million cruise visitors and increasing airlift by ...
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High Rock Beer Name to Stay, Lighthouse to be Removed

FREEPORT, Grand Bahama — At a press conference held at the Bahamian Brewery & Beverage Company Wednesday, December 9th, owner and CEO James “Jimmy” Sands publicly ...
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Riu Paradise Island Hotel in Bahamas to reborn as a Palace

The new Riu Palace Paradise Island Hotel re-opens on November 26th after a major renovation of 35 million dollars that upgrades it to the luxurious Palace category...
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High Rock -- A Crisp "Truly Bahamian" Lager Destined to Shake Up the Bahamas Beer Market

Bahamian Brewery and Beverage Company launched its fourth beer, High Rock, a premium lager beer. The newest addition to the Brewery’s line of successful beers is a higher end lager, delivering a crisp and refreshing taste with a bolder constitution. ...
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New private community at the heart of Bahamian paradise: Serenity Point on Great Abaco Bahamas

The island of Great Abaco, one of fastest growing and most exclusive destinations in The Bahamas, will soon be home to the luxury residential community Serenity Point, where a limited number of home sites have just been introduced. ...
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Miss Universe organizers pleased with Bahamas

The 58th annual Miss Universe Competition Organizers of the Miss Universe pageant are pleased with their partnership with The Bahamas. ...
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August 13 Expected start date for Nassau Harbor Dredging

Nassau, Bahamas – Dredging of Nassau Harbor is expected to begin August 13. Project Manager with Boskalis International BV Frans Thomassen informed Government officials that ...
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Stage Set for Partial Privatisation of Government Owned Bahamas Telecommunications Company

The government would launch a formal sale process relating to 51 percent of the ownership of BTC. ...
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Global Recession Severely Impacts Bahamas' Economy

NASSAU, The Bahamas -- The global economic recession continues to have “a severe impact” on The Bahamas’ economy, Leader of Government business in the Senate ...
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Government Intervention in The Bahamas and Unintended Consequences (Part 1)

Since 1991 the National Debt of The Bahamas has risen from $870 million to over $3 billion, a staggering 244.8 percent increase in 18 years. That’s what, a $118 million increase each and every year? Mind boggling. All this and we have not even considered the possibility of a bankrupt National Insurance Board and the additional taxes that will be forced upon us to sustain that....
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Labour dispute between the Airport, Airline & Allied Workers Union (AAAWU) and Nassau Flight Services Resolved

Dion A. Foulkes, Minister of Labour and Social Development announced today that the current labour dispute between the Airport, Airline & Allied Workers Union (AAAWU) ...
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Remarks by Bahamas Prime Minister Hubert Ingraham on the Grand Bahama Shipyard's Commissioning of Dry Dock Three

Remarks by Rt. Hon. Hubert A. Ingraham, Prime Minister, at Launch of Third Dry Dock, Grand Bahama Shipyard, Freeport, Grand BahamaLadies and Gentlemen,I am delighted ...
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Double Digit Unemployment Recorded in New Providence and Grand Bahama

NASSAU, Bahamas – An interim Labour Force Survey conducted by the Department of Statistics reveals that the unemployment rate for both New Providence and Grand ...
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CLICO Bahamas Limited (CLICO) Liquidation

Today a Winding-up Order was granted by the Supreme Court appointing Mr. Craig Gomez of Baker Tilley Gomez as liquidator for CLICO Bahamas Limited (CLICO).  ...
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Bahamas State Finance Minister Laing Underscores Importance of “Unified” Grand Bahama Port Authority

FREEPORT – State Minister for Finance the Hon. Zhivargo Laing said Monday that given the current economic situation facing Grand Bahama, a united Grand Bahama ...
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Laing: Investor Confidence Continues in the Bahamas

NASSAU, Bahamas – Minister of State for Finance the Hon Zhivargo Laing said this week that investors continue to show a degree of confidence in ...
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Mortgage Corporation Continues to accept Applications despite Many Foreclosures

Nassau, The Bahamas -- The Ministry of Housing will continue to process new applications for mortgages despite the 121 accounts that are being processed for ...
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RE Properties Builds Green Luxury Homes to LEED Standards

In Florida, the proprietors of RE Properties Ltd. -- Alan and Dexter Avney -- are known for their "over the top" luxurious and energy efficient ...
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Caricom Bureau Discusses Impact of Global Financial Crisis on the Region

The global financial crisis and its impact on tourism and foreign direct investment in the region were among matters discussed at the 24th Meeting of the Bureau of the Conference of Heads of Government of the Caricom Community in St. John’s, Antigua Saturday....
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BMC 25th Anniversary Remarks - Prime Minister Hubert Ingraham

I am happy to join you as you mark and celebrate this special jubilee anniversary. For 25 years the Bahamas Mortgage Corporation (BMC) has provided affordable mortgage financing to Bahamians. ...
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Government to Provide Relief to Struggling Homeowners

Following full consultation with mortgage lenders, the Government will implement a relief programme for homeowners who due to unemployment, underemployment or other unforeseen circumstance are unable to remain current with their mortgage payments, Prime Minister the Rt. Hon. Hubert Ingraham announced Sunday. ...
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Bimini Bay Resort Wins Best Development and Best Marina Development in the Bahamas

“Winning not only one, but two CNBC Awards is something we will cherish within our company for a long time to come.” ...
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Rotkirch Named Chairman and CEO of Grand Bahama Shipyard Island

Carl-Gustaf (Calle) Rotkirch, a 32-year maritime industry veteran, has been named Chairman and Chief Executive Officer of the Grand Bahama Shipyard, Ltd., effective August 1, 2008. ...
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Bahamas Real Estate: Homeowners To Receive Major Benefits Under The New Bahamas Government Budget

NASSAU, Bahamas (BIS) – Homeowners will enjoy substantial benefits under the government’s 2008/2009 budget through the exemption of stamp taxes and the reduction and elimination ...
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Second Home Sales Continue Strong Growth In The Bahamas

BIMINI - The National Association of Realtors reported in April 2008 that “12 percent of all existing home sales in 2007 were not primary residences; ...
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Bimini Bay Resort Unveils Largest Marina In Bahamas

Bimini Bay Resort located on North Bimini, famous for being the gateway to the Bahamas, announces its brand new Mega Yacht Marina accommodating up to 200-ft. yachts and the addition of luxury suites and villas. ...
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Sands own name chosen as first winner in Name that Beer Competition!

Freeport, Grand Bahama – Almost 2 months after the most exciting competition in Grand Bahama had finished, Bahamian Brewery and Beverage Company announced that it ...
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Bahamas to Thrive off Foreign Investments

From a Bahamas government press release:NASSAU, The Bahamas --- The Inter-American Development Bank (IDB) is predicting an infusion of some $18 billion in investments in ...
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Innovative Construction Used To Build The Home Centre's New 'Super Store'

Home Centre's new Super Store is expected to open this spring on West Atlantic Drive and is being built to withstand up to category 5 ...
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Sir Albert To Return as CEO

The new Chairman of The Grand Bahama Port Authority, Limited (GBPA), Mr. Hannes Babak, is delighted to announce that he was able, together with The ...
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Hannes Babak Named Chairman of The Grand Bahama Port Authority

The principals of The Grand Bahama Port Authority, Limited, Sir Jack Hayward and Lady Henrietta St. George, are pleased to announce the appointment of Mr. ...
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Devco Executive reveals sales trends between the Bahamians islands

Charles Pratt, Manager of Land Development for the Grand Bahama Development Company (DEVCO), revealed yesterday that the sale of land in Grand Bahama to Nassau ...
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Devco Business Manager urges Grand Bahamians to join in their efforts.

Addressing the Grand Bahama Rotary Sunrise Club, Edmund Rahming, Business Manger of the Grand Bahama Development Company, challenged local businessmen to join his company in ...
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Selling Romance on Grand Bahama Island

The business of romance is fast becoming a multi-billion dollar industry and the island of Grand Bahama has found a way to cash in on this growing niche market. ...
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New Hope Announces Multimillion Dollar Condo Hotel Development

Grand Bahama's ailing economy received a shot in the arm on Monday with the announcement of another multimillion-dollar investment project. [...] The New Hope Holding ...
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Heritage, Grand Bahama’s newest community!

With their newest development, Heritage, the Grand Bahama Development Company (GB Devco) is proving once again that with foresight and careful planning, Grand Bahama can ...
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Ed Rahming joins the Devco Team!

Ed Rahming assumed the position of Financial Controller for the Grand Bahama Development Company (GB Devco) in August 2004. GB Devco owns over 70,000 acres ...
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