Business - Wed Mar 3

Wed, Mar 3rd 2010, 08:58 AM

Balmoral to launch $15m phase two
Developers of the $100 million Balmoral community are launching stage two having already sold all the units available. The $15 million expansion will start in the next three months.

Buyers invest $84m in government

The Central Bank has sold $84.1 million in Treasury bills that will mature in three months. Investors buy the T-bills at a discounted rate, betting that the government will pay them the full price when they mature. Treasury bills are considered one of the safest investments.

Air Canada makes first trip to Exuma
Air Canada begins nonstop air service from Toronto to Exuma this Sunday and is expected to bring as many as 93 visitors on what will be a weekly flight. Airline executives decided to start the flight to coincide with the new Sandals Emerald Bay Resort which recently got a $20 million makeover.

$1m boost for family island famers
To make sure fruits and vegetables from the family islands reach customers in the best condition, the government is installing coolers and upgrading storage areas in Nassau and Grand Bahama. Agriculture Minister Larry Cartwright said , "When you put produce on the boat in Cat Island and Long Island, they go in the heated hatch of the boat - the storage hole - by the time it gets to Nassau it's all bruised and battered".

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