Benchmark chief: SEC deal talks ‘not over yet’
A BISX-listed company’s principal yesterday warned “it’s not over yet”, even though his two-year legal battle with US federal regulators has taken another step towards resolution.
Baha Mar secrecy ‘slap in the face’ for all Bahamians
The Government’s failure to disclose how the Baha Mar agreement treats public assets is “a slap in the face of the Bahamian people”, the Democratic National Alliance’s (DNA) leader said yesterday.
‘Grave concerns’ on NIB financing BOB
An FNM MP yesterday said she still harbours “grave concerns” that National Insurance Board (NIB) funds will be used to ‘bail out’ Bank of the Bahamas, despite Cabinet-level denials.
Key Sarkis ally: China ‘victorious’ over Baha Mar
A key Sarkis Izmirlian ally has conceded that the Chinese have been “victorious” in the Baha Mar dispute, with the company responsible for the project’s “melt down” now set for a multi-million dollar windfall.
Sandals: Under 2/3 of workers reapply
Renovations at Sandals Royal Bahamian are ‘on track’ to be completed in time for its planned mid-October reopening, the resort’s project manger said yesterday, adding that the daily construction workforce would peak at 200 persons.
Govt can’t get ‘benefit of doubt’ on Baha Mar
The Opposition’s deputy leader yesterday said the Government cannot be given the “benefit of the doubt” until the Baha Mar construction completion agreement’s details are revealed, given its previous pronouncements on the project.
IAN FERGUSON: The benefits from hiring internally
In our ever-changing and fast-paced corporate world, strong leadership is paramount in steering teams towards sustained growth and success.
Hotels ‘contract’ with 5% room revenue fall
The Nassau/Paradise Island hotel industry “contracted” against both prior year performance and expectations during the 2016 first half, with total room revenues down 5 per cent.
Rental cars hit at ‘too high’ NAD fees
Rental car companies yesterday hit out at the Lynden Pindling International Airport’s (LPIA) operator over lease rates that they argued were “too high”, suggesting their resistance was behind its recently-launched search for new players.
Central Bank, NIB urged to ‘stand firm’ over Mortgage Corp
The Central Bank and National Insurance Board (NIB) were yesterday urged by a former Mortgage Corporation chairman to “stand their ground” and resist the Government’s plans for the latter to issue more bonds.
Hitting payment dates key to Baha Mar deal ‘validity’
The Chamber of Commerce’s chief executive warned yesterday that the Baha Mar agreement’s “credibility and validity” will be undermined if creditors fail to receive outstanding monies by the dates the Government has promised.
Govt: Baha Mar operators need to put ‘skin in game’
The Government is demanding that Baha Mar’s casino and convention centre, and associated hotels, by operated by “world class” brands who have injected equity financing into the project, the Prime Minister said yesterday.
ART OF GRAPHIX: Closing the gap on self-critique
Have you ever heard of the term ‘artistic distance’? Well, it is an artist’s tendency to get too close to their creations, and the resulting physical and emotional proximity forms a mental block that prevents them from seeing flaws in their own work.
Tourism 'tempered' says Central Bank
The Central Bank of the Bahamas yesterday said the tourism industry’s output “softened” during the 2016 first half, with the growth rate for stopover arrivals tapering off to 2.7 per cent compared to 2015’s 5 per cent.
Financial sector hit by ‘foot in mouth disease’
A Cabinet Minister yesterday asserted that the Bahamian financial services industry was “not dead”, and said too many were guilty of talking down its prospects.
