Creditors hail PM for ‘not blinking’ in Baha Mar talks
Bahamian contractors and other Baha Mar creditors yesterday hailed Prime Minister Perry Christie and his government for “not blinking” in negotiations with China for payment of multi-million dollar sums owed to them.
Moody’s downgrade branded ‘bittersweet’
Moody’s decision to slash the Bahamas’ sovereign credit rating, but maintain it at investment grade, was yesterday described as “bittersweet” by the Democratic National Alliance’s (DNA) leader.
Tourism ‘wipe out’ concern over Zika
The Opposition’s deputy leader yesterday warned that the outbreak of the Zika virus in the Bahamas could “wipe out our tourism industry altogether”, with Canada already having issued a travel advisory on this nation.
Insurers: Treat NHI adviser with a ‘pinch of salt’
Bahamian insurers yesterday hit back at the rosy National Health Insurance (NHI) picture being painted by the Government’s chief consultants, arguing that their comments should be “taken with a pinch of salt”.
Sanigest work defended
Permanent Secretary to the National Health Insurance (NHI) Secretariat Peter Deveaux-Isaacs yesterday defended the Government’s former NHI consultant Sanigest Internacional, noting that much of its work was being incorporated into the work of KPMG.
BFSB launches industry awards
The Bahamas Financial Services Board (BFSB) yesterday said it had opened nominations in five categories for the 2016 Financial Services Industry Excellence Awards.
Public insurer ‘critical’ to NHI roll-out
THE National Health Insurance (NHI) Secretariat yesterday defended the establishment of a government owned and privately managed public insurer.
Former staff interview for jobs at Sandals
Former Sandals employees were at the Sandals job fair at Christ the King Anglican Church in Ridgeland Park West yesterday to interview for their previous positions, with some questioning the reason for the recent redundancies while others appeared to have no ill will toward their former employer.
‘Wonderful start’ for bad mortgage acquirer
Sir Franklyn Wilson’s group has “gotten off to a wonderful start” with its ‘bad mortgage’ restructuring venture, which helped drive a $65 million year-over-year decline in banks’ non-performing home loans during the 2016 first half.
Chinese home amid Pointe’s permit wait
The Pointe’s Chinese workforce has been sent home until the downtown Nassau development obtains the necessary permits to begin construction of its 200-room condo hotel and associated amenities.
Bahamas cleaner seeks $173k over Baha Mar work
A cleaner has become the first Bahamian contractor to sue China Construction America (CCA) for breach of contract over the Baha Mar project, alleging it has been paid just 3 per cent of what is owed.
‘What a tangled web we weave’
The Democratic National Alliance’s (DNA) leader says the Bahamian people “cannot let go” the Renward Wells ‘Letter of Intent’ (LOI) because they are “the biggest losers” from the saga.
CCA ‘stonewalling’ via Sarkis lock out
Baha Mar’s main contractor was claiming as recently as two months ago that it could not produce documents for a New York court case because Sarkis Izmirlian had “locked it out” of the project site.
Minister: Sandals job fair ‘looks suspicious’
A Cabinet minister has admitted that the structure for this week’s Sandals job fair “looks very suspicious”, given that the 600 employees terminated from its Royal Bahamian property are being forced to reapply for their jobs.
Chamber chief: Don’t vilify foreign investors
The Bahamas Chamber of Commerce’s (BCCEC) chief executive has warned against vilifying foreign investors given this nation’s “shameful” ‘ease of business’ rankings, warning that “it benefits no one to do so”.
