Baha Mar creditor: I’m not losing sleep
One Baha Mar creditor yesterday said he was “not losing sleep” over the interruption to negotiations for a ‘six figure’ contract with the developer, revealing that he was more concerned about the “bigger picture” impact.
Fly fishing regime will cause ‘more harm than good’
One of America’s largest fly fishing outfitters has warned that the sector’s proposed new regulatory regime “will do more harm than good”, and create “significant” potential for a fall-off in visiting anglers.
Private airline concern over $100m restructure of Bahamasair’s fleet
Bahamasair’s $100 million purchase of a new aircraft fleet yesterday prompted one private carrier to again question the Government’s aviation industry strategy, given that the new planes appeared to be targeting his routes.
Bahamas on ‘slippery slope’ without VAT
The Bahamas would “be on a really slippery slope” without Value-Added Tax (VAT), a former finance minister believes, because government’s costs will continue to increase on an annual basis.
Court affirms ‘no strike’ if dispute with Tribunal
A union leader yesterday conceded that a Court of Appeal ruling affirmed that workers could not strike if their dispute was before the Industrial Tribunal - even if proceedings were not active.
LETTER: Looking to salvage answers from Gov’t
Re: Licences to explore and protect Ancient Wrecks on and below the Bahamas Seabed
‘Devil in details’ sinks $300m Baha Mar deal
A $300 million agreement to resolve Baha Mar’s woes was sunk when the warring parties were unable to agree “the devil in the details”, Tribune Business was told yesterday.
Bran: Work with China for Baha Mar solution
The Democratic National Alliance’s (DNA) leader has effectively urged the Government to exclude the Izmirlians and instead work with the Chinese to save the bankrupt $3.5 billion Baha Mar project by attracting new investors and resort brands.
Bran ‘talking poppycock’ on Baha Mar land
A former Hotel Corporation chairman has accused Branville McCartney of “talking poppycock” over his fears that the Bahamian people might lose 1,000 acres due to the Baha Mar debacle.
Gov’t to phase-out VAT bi-annual filing
The Government is moving to eliminate the bi-annual filing of Value-Added Tax (VAT) returns by year-end, in a bid to boost its cash flow and obtain more consistent returns.
Economic ‘breathing room squeezed daily’
The Bahamas’ economic breathing room “is being squeezed day by day”, with Standard & Poor’s (S&P) warning of a further credit rating downgrade no surprise.
Chamber urges: ‘All hands on deck’ to solve Baha Mar
The private sector has urged the Government to adopt an “all hands on deck” approach to resolving the $3.5 billion Baha Mar impasse and treat the situation as its top priority.
Why no Baha Mar equity for $1bn in concessions?
The FNM’s deputy leader has questioned why the Bahamian people have no equity stake in Baha Mar if the development has been given $1 billion worth of investment incentives.
Breezes chief: Baha Mar ‘tragedy for Bahamians’
SuperClubs Breezes owner yesterday said its own expansion and creation of up to 300 jobs would be further delayed by Baha Mar’s woes, adding of the latter: “It’s a tragedy for the Bahamian people.”
Bahamas ‘50% likely’ to suffer credit rating cut
The Bahamas faces “at least” a 50 per cent chance of a sovereign credit rating downgrade within the next 90 days, after Standard & Poor’s (S&P) last night placed this nation on ‘negative creditwatch’ due to Baha Mar’s Chapter 11 filing.
