‘Multiple’ Baha Mar rivals face Kerzner
Sir Sol Kerzner and his partners are competing with multiple rival bids to take over Baha Mar, with the Christie administration hoping a solution to take the stalled $3.5 billion project forward can be determined by year’s end.
Haywards ‘duped’ over trust battle
The Hayward family believes it has been “duped” over the removal of two trustees charged with safeguarding their late father’s trust, having obtained witness statements suggesting the person responsible may be suffering from dementia.
Bank haircut the key amid Baha Mar ‘hype’
A former Baha Mar director yesterday branded talk about potential buyers/operators for the $3.5 billion project as “a lot of hype”, arguing that the real issue was the size of the “haircut” that its Chinese lender is prepared to take.
Gov’t urged: ‘Leverage’ private cover for NHI
The Bahamas’ relatively high private medical insurance penetration is an advantage this nation must “leverage” - rather than abandon - in developing universal health coverage (UHC), Tribune Business was told yesterday.
BISX-listed supplier in 12% volume drop
Improvements at the Water & Sewerage Corporation continue to be bad news for its BISX-listed supplier, which saw sales volumes drop by 12 per cent year-over-year for the nine months to end-September 2015.
Kerzner’s Baha Mar move ‘interesting development’
The Opposition’s deputy leader yesterday described Sir Sol Kerzner’s involvement in a group seeking to operate and complete the $3.5 billion Baha Mar project as an “interesting development if everything holds up”.
Dry cleaning chain rethinks pre-pay
A Bahamian dry-cleaning chain said yesterday that sluggish sales had forced it to rethink its pre-pay policy, telling Tribune Business that it has to take back market share.
Gov’t turning lay-offs into a ‘bonus windfall’
The Government will dissuade many entrepreneurs from “even attempting to do business” if it persists with plans to transform employee severance pay into “a windfall bonus”, the private sector has warned.
CCA urged ‘joining forces’ against Baha Mar on pay dispute
China Construction (America’s) Bahamian subsidiary urged at least one sub-contractor to join forces with it against Baha Mar, and develop “a co-ordinated presentation of claims” against the embattled developer.
Two sets of Baha Mar guardians just ‘crazy’
The Opposition’s deputy leader believes it “makes no sense” for there to be two different sets of receivers/liquidators looking after Baha Mar, branding the situation as “crazy”.
Baha Mar’s main contractor ‘thwarted us at every turn’
Baha Mar’s contractor allegedly “thwarted, stonewalled and misled at every turn” a US-based demolition company’s efforts to collect an outstanding $754,704 balance for work on the $3.5 billion project.
Insurers in Obamacare style alternative to NHI
The Bahamas Insurance Association (BIA) yesterday unveiled its own Obamacare-style alternative to the proposed National Health Insurance (NHI) plan, arguing that requiring all legal residents to have insurance will be “less disruptive” to the economy.
Greater Bahamian ownership needed in financial services
The Opposition’s deputy leader has called for greater Bahamian ownership of the financial services industry, which itself needs a greater focus on innovation.
Contractors urge ‘fair play’ on public tenders
The absence of “fair play” in the tendering process for public contracts remains one of the most significant challenges facing the Bahamian construction industry, the Bahamian Contractors Association’s(BCA) president believes.
BTC job loss fears on $24m saving plan
Fears of further job losses at the Bahamas Telecommunications Company (BTC) were raised last night due to the planned imposition of a new “centralised” business model, which will help its controlling shareholder realise a further $24 million cost saving.
