Minnis: $1.6bn Sarkis verdict ‘tip of iceberg’
An ex-prime minister yesterday asserted that a New York judge’s ruling “may just be the tip of the iceberg” involving wrongdoing over Baha Mar’s construction amid calls for a Commission of Inquiry into the affair.
Aliv’s $120m raise beats goal by 33%
Aliv’s “far over-subscribed” $120m preference share issue beat its target by 33 percent and “bodes well” for future capital raises coming to market, an investment banker asserted yesterday.
$600m Bimini lawsuit an ‘exorbitant payment’ ploy
Resorts World Bimini’s majority owner is accusing its minority partner of trying “to extract an exorbitant payment” by demanding $600m in damages via an alleged “massive” accounting fraud claim.
Residents voice concern on Mosko Group zip line
Residents last night voiced concerns over the proposed zip line, as well as increased noise and traffic, that will result from the Mosko Group’s Rock Point “day trip” destination on New Providence’s north coast.
Bonefish fears over $985m South Abaco resort project
Environmental activists yesterday voiced fears that a south Abaco resort project will negatively impact “essential bonefish habitats” and undermine a multi-million industry that attracts high-end visitors.
Jones’ WNBA MVP performance inspires hometown
GRAND Bahama residents are proud of their daughter of the soil, Jonquel Jones, for the New York Liberty’s historic WNBA Championship win and for being named the 2024 Finals MVP.
Housing shortage hits Exuma hospital staffing
A Cabinet minister is urging Exuma residents to invest in rental housing so that the staff required to make the island’s mini-hospital fully operational have somewhere to live.
‘More staff soon’ for Exuma mini-hospital
Exuma is set to receive more doctors, nurses and new medical equipment at the Community Mini-Hospital in the near future, according to Minister of Health and Wellness Michael Darville.
CCA admitted Baha Mar slowdown before Christie
Baha Mar’s contractor did not dispute that a senior executive admitted before then-prime minister Perry Christie that it was deliberately slowing work down to force payment from the project’s original developer.
Probe demanded over $2.3m for son of top Christie adviser
The Opposition yesterday demanded an “immediate investigation” after a New York judge ruled Baha Mar’s contractor sought to “curry favour” by paying $2.3m to a firm run by the son of Perry Christie’s top adviser.
Baha Mar crisis ‘averted’ if CCA didn’t purchase British Colonial
Baha Mar’s financial crisis would have been “averted” if its main contractor had properly used $54m to pay the project’s sub-contractors rather than fund the British Colonial’s purchase, a US judge has ruled.
‘Absolute sham and shakedown’: Sarkis has $1.6bn Baha Mar win
Baha Mar’s main contractor perpetrated “an absolute sham and shakedown” on Sarkis Izmirlian while providing “phony” completion dates that ultimately cost his family $845m and ousted them from the project.
Retail investors gain $20m cruise power opportunity
Small Bahamian retail investors will have the chance in early 2025 to invest up to $20m in the facility that will supply vessels at Nassau Cruise Port with 60 mega watts (MW) of power, it was revealed yesterday.
Breaking the cycle of workplace conflicts
Sometimes you get stuck in a rut with a colleague at work — a boss, a cow-worker, a direct report.
Businesses say electric bill reduction ‘minimal’
Small businesses saw “minimal” decrease in electricity bills last month, according to a local consultant.
