Columbia ‘blacklist’ no reality reflection
The Bahamas Financial Services Board’s (BFSB) chief executive said yesterday that Washington D. C’s pending ‘tax haven’ blacklist, featuring the Bahamas and 16 other Caribbean nations, “bears little resemblance to reality”.
Port seeks to intervene on Hawksbill challenge
An outspoken QC yesterday backed the Grand Bahama Port Authority’s (GBPA) bid to intervene in his challenge to the Government’s Hawksbill Creek Agreement review, adding that it should be at “the epicentre” of the dispute as Freeport’s largest investor.
PM told: ‘Be decisive’ and close $8m project
Environmental activists have urged the Prime Minister to replace “procrastination” with “decisive action” and implement a Supreme Court Order to close the $8 million Blackbeard’s Cay project, one yesterday describing the situation as “beyond ridiculous”.
Baha Mar contractor faces $7.6m Nassau Beach Hotel lawsuit
Baha Mar’s contractor is being sued for allegedly failing to pay an American firm the full $7.643 million contract price for demolishing Cable Beach’s former Nassau Beach Hotel.
BEC manager wins class action battle
The Bahamas Electricity Corporation’s (BEC) prospective manager has received a major boost after a US court dismissed a ‘class action’ lawsuit against it, finding that aggrieved investors “failed to adequately” prove their share price manipulation claims.
Managerial union settles BEC dispute
The Bahamas Electricity Corporation’s (BEC) managerial union yesterday pledged that it was ready to sign a new industrial agreement, after the two sides settled their trade dispute at the Labour Board.
Liquidators reassure 1,000 Melia workers
Baha Mar’s joint provisional liquidators yesterday pledged that salaries and benefits due to the Melia Nassau Beach Hotel’s 1,000 staff would not be disrupted, even though the resort’s owner is one of the Baha Mar companies now under Supreme Court supervision.
D.C.’s Bahamas blacklist branded ‘inconsequential’
A former financial services minister yesterday branded as “inconsequential” concerns over the District of Columbia’s (DC) pending ‘tax haven’ blacklisting of the Bahamas and 16 other Caribbean nations.
Managerial union settles BEC dispute
The Bahamas Electricity Corporation’s (BEC) managerial union yesterday pledged that it was ready to sign a new industrial agreement, after the two sides settled their trade dispute at the Labour Board.
Christie’s contractor meet ‘worth a shot’
The Opposition’s finance spokesman yesterday said it was a “little late” for Prime Minister Perry Christie to attempt to persuade Baha Mar’s Chinese contractor to complete the stalled project, but admitted: “It’s worth shot”.
Dolphin sanctuary to remove ‘image stain’
Environmental activists yesterday urged the Government to turn a PR disaster into a world leader by transferring the dolphins presently based at Blackbeard’s Cay to a “marine mammal sanctuary”.
Contractor leveraged $221,000 Crown grant into $7m BOB loan
A WELL-known contractor leveraged prime commercial real estate on Gladstone Road into a $7 million Bank of the Bahamas loan within months of acquiring the same property from the Crown for just $221,000.
Data Protection chief’s 20-fold complaints rise
THE Data Protection Commissioner has seen a near 20-fold increase in the number of complaints since she took the post two years ago, with her office now preparing to investigate the hacking of a Bahamian bank’s website.
Share pledges show Baha Mar’s urgent Chapter 11 need
SARKIS Izmirlian believes “the best and fastest path to opening Baha Mar has evaporated” with the dismissal of its Chapter 11 bankruptcy protection, while the liquidation process offers “no light at the end of the tunnel.”
DNA leader backs legal ‘liberalisation’
THE Democratic National Alliance’s (DNA) leader has backed calls for the legal profession to “liberalise”, but wants Bahamians to also be placed on “an equal footing” with foreigners.
