ART OF GRAPHIX: Contract to guard against revisions
How many design revisions are enough? Are you stuck dealing with clients who demand hundreds of changes? A common problem, one which I hear all the time.
Gov’t has ‘much to digest’ on Freeport
The Government is extending the Hawksbill Creek Agreement’s (HCA) expiring tax incentives for a further six months, the Prime Minister announced yesterday, telling Parliament there was still “a great deal for the Government to digest”.
BTC roaming rates ‘12x higher’ than Caribbean
The Bahamas Telecommunications Company’s (BTC) controlling shareholder yesterday said it had little choice but to slash roaming rates that were 12 times’ higher than the Caribbean average, a move that caused a 9 per cent slump in its total mobile revenues.
Taxpayers should get 25% Baha Mar stake
The Bahamian taxpayer should have a 25 per cent equity stake in the Baha Mar project given the “shocking” amount of concessions handed to it by the Government, an outspoken QC argued yesterday.
Fear any Chapter 11 rulings ‘irreconcilable’ with Supreme Court
Baha Mar’s contractor has urged the Delaware court not to make any further decisions relating to the Chapter 11 filing, for fear they may be “irreconcilable” with verdicts rendered by the Bahamian Supreme Court.
BTC targets B2B, TV markets for Cable ‘fight back’
The Bahamas Telecommunications Company (BTC) is targeting the business and video markets to “fight back” against Cable Bahamas, having already installed its new TV product for the 12 sets in Prime Minister Perry Christie’s Cable Beach home.
Standards scrutiny for gas stations by year-end
Standards inspectors will be scrutinising gas stations by year-end to ensure consumers “get what they pay for” at the pump.
$1.1m project targets Nassau ‘sustainability’
Nassau’s “sustainability and quality of life” are being targeted for improvement by a $1.1 million Inter-American Development Bank (IDB) project designed to improve its environment and governance.
Standards Bureau focus on prepackaged product
THE Bahamas Bureau of Standards and Quality (BBSQ) is aiming to adopt standards for the labelling of goods and products, disclosing yesterday that prepackaged foods were a particular concern.
Baha Mar’s Chapter 11 filing ‘severely flawed’
Baha Mar’s contractor yesterday slammed its “severely flawed” bid for bankruptcy protection in the US, demanding that the case be dismissed because the “misuse” of Chapter 11 served only the developer’s interests.
UPDATED: Attorney General praises contractor
THE Attorney-General has expressed the Government’s “profound gratitude” to Baha Mar’s contractor for its role in attempting to resolve the dispute over the $3.5bn project, implying that some progress had been made at last week’s Beijing talks.
Baha Mar sought deal on Chapter 11 file day
Baha Mar has revealed it made an unsuccessful last-ditch effort - on the day it filed for Chapter 11 bankruptcy protection - to persuade its contractor to make the $15 million equity investment necessary to unlock the remaining construction financing.
Baha Mar wind-up hearing on July 31
The Government’s petition to wind-up Baha Mar will be heard on Friday, July 31, before Justice Ian Winder, who is expected to deliver his oral verdict on whether to recognise Baha Mar’s Chapter 11 application tomorrow.
Baha Mar ‘on wrong foot’
Attorneys representing Baha Mar’s major creditors yesterday argued that the developer had “started on the wrong foot” in seeking the Supreme Court’s recognition of its Chapter 11 bankruptcy protection filing in Delaware.
Baha Mar admits to no redundancy cash
Baha Mar has admitted it “does not have sufficient cash” to pay its 2,400 employees due compensation should it have to make them redundant, as its $80 million financing facility has been blocked - at least for the moment - by Government and Chinese opposition.
