Baha Mar chief acted ‘like any other investor’
An outspoken QC yesterday said Sarkis Izmirlian did what “any other businessman would have done” in filing for Chapter 11 bankruptcy protection to safeguard his family’s $850-$900 million investment in the Baha Mar project.
Safety was ‘a moving goal’ at PI restaurant
Worker safety was “a moving goal post” at a restaurant in Paradise Island’s Marina Village, the Court of Appeal’s president has ruled.
Skills for surviving employment woes
Given all the employment woes seemingly overtaking our corporate landscape over the past week, I thought it best to introduce a message of HOPE for those who may be entangled in the web. Here are six simple, basic survival skills to help you navigate though troubled employment waters:
Baha Mar-style institute urged to boost workforce
The Bahamian private sector is being “seriously disadvantaged” by the workforce quality it is being presented with, an outspoken businessman yesterday suggesting this nation needs a leadership development institute similar to that created by Baha Mar.
Nearly 20% of firms fear bribe demands
Nearly one in five Bahamian companies feels they have to pay bribes to obtain crucial licences and permits, a report by development agencies finding this nation ranked worse than the Western Hemisphere average for corruption perceptions.
Bahamas ‘only now seeing the real VAT effect’
AML Foods’ chief executive yesterday said the Bahamas was “only now seeing the real impact of Value-Added Tax (VAT)”, suggesting that its effects would “bottom out” doing the weakest point in the economic cycle.
Court ‘hard pressed’ to resist Baha Mar’s Chapter 11 demand
The Democratic National Alliance’s (DNA) leader yesterday said the Supreme Court might be “hard-pressed” to resist Baha Mar’s Chapter 11 demands due to a law that allows foreign judgments and orders to be registered in the Bahamas, subject to certain conditions.
Baha Mar talks go into third day
Baha Mar’s negotiating team yesterday remained in Beijing for a third day of talks with its Chinese partners in a bid to resolve the impasse over the $3.5 billion project, even though the Government’s representatives departed on schedule.
ART OF GRAPHIX: Leave space for the whites of your eyes
Using White Space means having a good eye for composition. This means you have to find the right layout and composition, so that the information or whatever else you are focusing on will be easy to read and spot.
Bank offers Baha Mar $100m working capital
Baha Mar’s Chinese financier will provide an extra $100 million in working capital as part of the proposed settlement to the dispute over the $3.5 billion project, Tribune Business was told yesterday, with November 2015 targeted for its opening.
No Bahamian firms represented on Baha Mar creditors body
No Bahamian companies are directly represented on Baha Mar’s unsecured creditors committee in the Chapter 11 bankruptcy proceedings in Delaware, the membership of which was published last night.
Chamber ‘working feverishly’ on export boosting initiatives
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is “working feverishly” on two initiatives designed to reverse the decline in exports and manufacturing, which it hopes to implement this summer.
Foreigners take greater real estate market share
Bahamians are conceding an ever-larger share of the real estate market to foreign buyers, one well-known developer yesterday revealing that 100 per cent and 90 per cent of purchasers at his latest two projects were from overseas.
Warring condo owners suffer ‘meritless’ ruling
The “warring groups” at a Freeport condominium complex were yesterday sent back to the Court of Appeal, after the Privy Council dismissed as “meritless” a previous verdict that rendered key court Orders invalid.
‘Govt can make peace with Izmirlian after war of words’
DESPITE the public spats the Christie administration has had with Baha Mar developer Sarkis Izmirlian, Tourism Minister Obie Wilchcombe believes the government can still work with him and maintain a good relationship in the future.
