‘Selfish’ student loan delinquents slammed
Thousands of delinquent student loan borrowers were yesterday urged to stop being “selfish” and repay their debts, the Chamber’s chairman warning that they were denying other Bahamians the same opportunity.
Cruise lines back Junkanoo Carnival
The Minister of Tourism said yesterday that his Ministry has the support of the cruise lines to provide visitors for this year’ss Junkanoo Carnival, adding that the event must go global.
CCA pursued new work while Baha Mar ‘failed’
Baha Mar’s contractor was allegedly so busy pursing work on other Caribbean mega resort projects that it failed to focus on the $3.5 billion development “at a crucial time”, bringing it to the “point of failure”.
500 work permits for The Pointe
The Government has granted China Construction America (CCA) 500 work permits for its The Pointe project, it was confirmed yesterday, and agreed that the workforce will only be 40 per cent Bahamian.
Sarkis wants probe into CCA’s ‘highly irregular expenses’
Baha Mar’s ex-president yesterday demanded a probe into its contractor’s “highly irregular expenses” claims. and branded its behaviour as “all the more extraordinary” given that it knew in advance the $3.5 billion project was unlikely to meet its March 27, 2015, opening.
Joaquin: 60% of business appliers are not approved
Around 60 per cent of applications to the joint Rotary-Chamber of Commerce Joaquin relief fund have not been approved, it was revealed yesterday, due to “challenges” with business record-keeping.
Union chief: ‘Rise up’ over Cabbage Beach
A trade union leader yesterday threatened that all Bahamian workers would “rise up” unless Cabbage Beach vendors were ensured beach access adjacent to the RIU Paradise Island property.
$200m hotels set to break ground within 30 days
The Pointe’s developers expect to break ground within the next 30 days on their entertainment and condo hotels, having already invested $8 million into what is expected to be an eight-storey parking garage.
Joaquin-hit businesses leaving $250k ‘on table’
Storm-ravaged Bahamian businesses have yet to access a single cent from a $250,000 concessionary loan facility designed to aid their recovery, and were warned yesterday: “Time is running out.”
‘Terrified’ of outcome in CIBC loan dispute
A Cacique award winner is “absolutely terrified” that he will face financial ruin this Thursday when a bitter loan dispute with CIBC FirstCaribbean International Bank (Bahamas) is scheduled to reach its climax in the Supreme Court.
PowerSecure pledges Bahamas dedication amid ‘A team’ demand
PowerSecure has promised its “dedication and commitment” to BEC remains unchanged in the wake of its $431 million purchase, as Opposition politicians urged: “We need the ‘A Team’, not the ‘B Team’.”
FINCO bad loans still over $100m
Although still carrying more than $100 million worth of ‘bad’ loans, FINCO’s almost 10-fold net income increase for 2015 has given shareholders hope that better days lie ahead.
Contractors chief: ‘No doubt’ Bahamians could have finished Baha Mar
The Bahamian Contractors Association’s (BCA) president has “no doubt” the local construction industry could have completed Baha Mar on time if it had been “invited in” by the Chinese.
Anti-competitive concern over web shop zoning regs
Zoning regulations designed to curb the proliferation of gaming houses could prove anti-competitive and be challenging to implement on New Providence, with some operators questioning what they perceive as a lack of enforcement by the Gaming Board.
Union demands Cuban doctor hire explanation
The Bahamas Doctors Union (BDU) has demanded that the Public Hospitals Authority (PHA) and the Government explain the recent hiring of 18 Cuban doctors.
