New PI resort to double staff by New Year
The founder of a major international hotel chain yesterday said its new Paradise Island resort is set to double staffing levels to 200 by the New Year, following a near-$50 million renovation programme.
GB Power chief: ‘I’ve never seen anything like’ Matthew wrath
Grand Bahama Power Company’s chief executive, and its majority shareholder, have “never seen anything like” the devastation left by Hurricane Matthew, which has forced the utility to almost rebuild its distribution network from scratch.
LOI group ‘not running away’ from Bahamas
The group at the centre of the Renward Wells Letter of Intent (LOI) controversy yesterday said its opening of a London office did not mean it was “running away from the Bahamas”, but instead seeking to pursue other global opportunities.
Baha Mar purchaser challenged on casino
A key Sarkis Izmirlian ally has questioned the proposed Baha Mar purchaser’s ‘silence’ over its casino plans, given that the gaming facility is “the key engine” in ensuring the development’s profitable success.
GB Power pledges no ‘rate shock’ on Matthew recovery
Grand Bahama Power Company’s (GBPC) chief executive has pledged to avoid any “harmful rate shock” for storm-battered customers when it seeks to recover its restoration costs.
Bran slams ‘fallacy’ of low-tax Bahamas
The Democratic National Alliance’s (DNA) leader has pledged to reform the Business Licence fee if elected to office, so that companies do not pay more in taxes than they earn in profits.
‘Don’t paint Chinese with the same brush’
The Chamber of Commerce’s chairman has urged Bahamians to resist treating Chinese state-owned and private sector companies “with the same brush”, while acknowledging angst he potential threat to the country’s economic sovereignty from large-scale Chinese investments.
Minister promises to uphold ‘highest casino standards’
The Minister of Tourism yesterday pledged to uphold “the highest standards” of integrity in the Bahamian casino gaming industry, amid suggestions that Baha Mar’s potential purchaser is not a suitable buyer.
FNM deputy: ‘No comfort’ taken on Baha Mar’s buyer
The Opposition’s deputy leader has warned against “taking any comfort” from a multi-billion dollar Hong Kong-based conglomerate’s confirmation that it is seeking to acquire Baha Mar, adding: “We need to know the details behind it first”.
Govt warned: Don’t lose CLICO solution in storm
A prominent pastor yesterday urged the Government not to forget the promised payout to CLICO (Bahamas) long-suffering policyholders, saying: “We don’t want to get lost in the storm.”
‘Greater flexibility’ on Baha Mar disclosures
The Government should have “greater flexibility” to reveal the terms being negotiated for Baha Mar’s purchase, including investment incentives and tax breaks, after the buyer identified itself, the Chamber’s chairman believes.
Baha Mar ‘purchaser’ leaves Sarkis in cold
China’s ‘freezing out’ of Sarkis Izmirlian was confirmed last night, after Baha Mar’s prospective purchaser was identified as a multi-billion dollar Hong Kong conglomerate with extremely close ties to the Beijing government.
Roberts ‘in over his head’ on Baha Mar
A key Sarkis Izmirlian ally yesterday blasted PLP chairman, Bradley Roberts, as “in over his head”, adding that Baha Mar’s original developer is “happy to show he has the money” to reacquire the development.
Sales agents lose BTC ‘contract breach’ claim
“Veteran” sales agents have lost their ‘breach of contract’ appeal against the Bahamas Telecommunications Company (BTC), the Court of Appeal finding they effectively consented to giving up 45 per cent of their revenue earnings.
Business ease decline ‘not good marketing’ to foreign investors
The Bahamas’ 121st spot in the World Bank’s ‘ease of doing business’ rankings is “not a good marketing tool” to attract foreign investment, the Opposition’s deputy leader yesterday fearing it will “confirm negative perceptions” of this nation.
