Gov’t partnering with IDB for Andros plan
The Government has partnered with the Inter-American Development Bank (IDB) on a Sustainable Development Plan for Andros, according to the Deputy Prime Minister, incorporating a bid to measure the economic value of the island’s ecosystems.
‘Null and void’ challenge to City Meat pension deal
The battle over the ‘settlement’ to the long-running City Markets pension fund controversy is intensifying, with those behind a successful ‘11th hour’ intervention in the matter declaring key aspects “null and void”.
AML Foods JV ‘address for the east’
BISX-listed AML Foods yesterday unveiled a joint venture to bring its Solomon’s concept to southeastern New Providence and become “the address in the east”.
Contractor moves to interrogate top Baha Mar officials
Attorneys for China Construction America have filed court papers seeking permission to interrogate top Baha Mar executives on 24 separate issues relating to the developer’s Chapter 11 bankruptcy protection bid.
Immigration ‘screws up’ arbitration ambitions
THE Bahamas will never become an international arbitration centre until it its Immigration policies become more “flexible”, allowing parties to bring in their own arbitrators and lawyers.
Bahamian small hotel ownership down 36%
Bahamian ownership of small hotels on Andros has dropped 36 per cent due to an increasing trend of foreign buyouts, a Ministry of Tourism executive said yesterday.
Lift yourself out of workplace doldrums
There are so many things that can hamper progress and stagnate productivity in today’s workplace.
Fly fish regulations to unlock ‘millions’
The controversial fly fishing regulations will ultimately drive hundreds of millions of dollars through the Bahamian economy, the industry association’s president yesterday questioning why there was such vocal opposition to local ownership.
BAMSI quarterly output near $700k
The Bahamas Agriculture and Marine Science Institute (BAMSI) has begun to make “tangible” gains in terms of production, the Deputy Prime Minister said yesterday, adding that the sector was now on target to become the economy’s third pillar.
Verdict leaves Baha Mar at ‘serious disadvantage’
A Baha Mar director has expressed fears that yesterday’s Supreme Court ruling will further “embolden” its Chinese partners to harden their negotiating stance in talks to resolve the dispute over the $3.5 billion project.
Baha Mar: Contractor action ‘disrupts’ talks
Baha Mar yesterday slammed its contractor for trying to “undermine and disrupt” negotiations to settle their dispute by seeking a speedy hearing of its bid to ‘freeze’ all Chapter 11-related actions.
Extend Freeport tax incentives for two years, Gov’t urged
The Government was yesterday urged to follow Sir Lynden Pindling’s lead and extend Freeport’s expiring investment incentives for two years rather than six months, thereby relieving the private sector’s “state of flux”.
Baha Mar battle needed arbitration ‘months ago’
A Bahamian dispute resolution practitioner yesterday said Baha Mar had “waited too late” to resolve its dispute with its Chinese partners, arguing that they should have gone to mediation “months ago”.
PI condo development bought from receivers
A Canadian developer yesterday said the total investment required to complete a well-known Paradise Island condominium project will likely exceed the purchase price it paid for the property, as it bids to ready eight units for sale within 30-45 days.
Report urges oversight controls
THE independent report commissioned into the Urban Renewal Small Home Repairs programme called for the government to immediately establish a litany of controls to increase oversight of the project’s operational management and payment system.
