Opposition deputy: Give Sarkis first opportunity
The Opposition’s deputy leader yesterday said Baha Mar’s original developer, Sarkis Izmirlian, should be given the first chance to revive the $3.5 billion project if he has a workable plan.
ART OF GRAPHIX: Font choices can be heavy lifting
Imagine hauling around heavy boxes of metal type, a different set for every typeface, and having to assemble your text letter in order to design a document. That seems a world away from our point-and-click, instant world of digital design.
Sponge revival in 17% sales growth
Bahamian spongers will enjoy an average annual sales growth of 17 per cent by the time a three-year project to revitalise the industry concludes, an Inter-American Development Bank (IDB) report has revealed.
Gov’t faces ‘pre emptive strike’ over Freeport
The Government’s plans for Freeport were yesterday hit by “a pre-emptive strike”, with an outspoken QC now seeking Supreme Court declarations that its Business Licence regime and associated fees do not apply in the city until 2054.
Scotia loses battle over $100k ‘fraud claim’ funds
Scotiabank (Bahamas) has been ordered to pay a former expatriate worker interest on $100,000 worth of bank drafts, following a 17-year saga that involved fraud allegations and a police complaint.
Chamber awaiting Business Licence ‘pressure relief’
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday said it was optimistic that the Government will shortly announce changes to its Business Licence processes and “relieve the pressure” many companies have faced.
RBC outsourcing more jobs to Trini
Commercial banking industry consolidation and job losses are set to continue, after Royal Bank of Canada (RBC) yesterday unveiled plans to transfer its credit card unit to Trinidad & Tobago.
Joaquin drives ‘below average’ crawfish yield
The Bahamas Commercial Fishers Alliance’s president (BCFA) said yesterday that the 2015-2016 crawfish season is expected to have a below average yield, due largely to the devastation caused by Hurricane Joaquin to 20 per cent of the fishing fleet.
Exuma Chamber chief wants ‘real FDI partnerships’
Foreign direct investment (FDI) project must go beyond job creation to provide meaningful partnerships with the local community for true economic empowerment, the Exuma Chamber of Commerce president yesterday arguing that this
Hard Rock, Resorts World eye GB casino
The Minister of Tourism yesterday expressed relief that top-tier brands were “finally” eyeing Freeport’s solitary casino, with both Hard Rock and Genting’s Resorts World format looking at taking over the property’s management.
Receivers ‘dual approach’ for Baha Mar resolution
Baha Mar’s Chinese lender and its receivers were yesterday said to be keeping all their options open, amid suggestions they have changed their strategy for resolving the $3.5 billion standstill.
GB airport value up six-fold via tourism rebound
A Grand Bahama “tourism turnaround” could produce a six-fold increase in the value of its international airport, which the Government’s consultants currently estimate is as low as $3 million.
‘More power’ to China if it finishes Baha Mar
A former Baha Mar director yesterday said financing the project’s full $600 million construction completion represents “an extremely risky strategy” for the China Export-Import Bank, but conceded: “More power to them if they do.”
Gov’t: Remobilisation ‘imminent’ at Baha Mar
The Government believes talks between Baha Mar’s Chinese stakeholders will lead to an “imminent remobilisation plan” and the project’s re-opening “in the shortest possible timeframe”.
BDB’s ‘bad borrower’ litigation rises 115%
The BAHAMAS Development Bank (BDB) has over the past three years more than doubled the volume of litigation launched against delinquent borrowers, its managing director yesterday emphasising there are “no sacred cows” among defaulters.
