Baha Mar opens its local sales centre
Bob Minnigan, director of owner services for Baha Mar, gives a private tour of the new Baha Mar Residential Sales Preview Centre to Bahamian real estate agents from HG Christie, one of 15 Nassau-based firms authorised to sell The Residences at Baha Mar.
LPIA reduces energy consumption by 15%
The Lynden Pindling International Airport (LPIA) reduced its energy consumption by just under 15 per cent during its past financial year, as it moves to become “a truly first class facility”.
$45m South Ocean bid falls through
While a $74 million deal to sell Nassau’s British Colonial Hilton is “very, very close” to being sealed, a senior tourism official yesterday confirmed that a bid for the still-closed South Ocean property had fallen through.
New attraction targeting 70% 'come ashore' visitors
With 70 per cent of Grand Bahama’s more-than 600,000 cruise arrivals coming ashore, the Grand Bahama Port Authority (GBPA) is hoping the opening of Senor Frog’s at Freeport Harbour will further increase the activities menu.
Ministry targets GB casino finalist 'within 10 days'
The Ministry of Tourism is hoping to “identify a finalist” to take over Grand Bahama’s only operating casino within the next 10 days, the present incumbent having agreed to stay on until February 2013.
NIB strife on $42k energy audit fee
The National Insurance Board’s (NIB) chairman pushed for $42,000 to be paid to a company controlled by “a business partner” for an energy audit of its property portfolio, court documents allege, after another firm had conducted the same task for $3,000.
Prime Minister urged: 'Be decisive on NIB's bloody mess'
A well-known businessman yesterday urged the Prime Minister to “be decisive” and not wait for forensic investigations to sort out “the bloody mess” at the National Insurance Board (NIB), adding that Algernon Cargill appeared to have “done a good job” enforcing the rules.
Law firm receives global recognition
Callenders & Company was this month was named the Bahamas’ leading corporate law firm by international judges as part of a worldwide search for excellence.
BAIC eyes Andros 'agricultural hub'
THE BAHAMAS Agricultural & Industrial Corporation is aiming to transform Andros (BAIC) into the “agricultural hub” of not only the Bahamas but the wider Caribbean region.
BAB: 'Offensive' to learn of NIB rejection via media
BAB Holdings’ principal yesterday said the company found it “offensive” to learn that the National Insurance Board (NIB) had decided not to participate in its $10 million private placement issue via the media, rather than informing it directly.
Bahamians lacking 'top IP protection'
The absence of a modern intellectual property rights regime and full World Trade Organisation (WTO) membership means Bahamian entrepreneurs do not enjoy “maximum protection” for their unique products and designs in foreign markets, a Cabinet minister said yesterday.
NIB actuary 'firing' counter to global best practices
The National Insurance Board’s (NIB) chairman allegedly attempted to fire its in-house actuary without consulting management or the Board of Directors, a move that ran counter to advice from the world’s leading social security body.
NIB split over $10m BAF parent's offering
Top BAF Financial executives had “no knowledge” of internal battles at the National Insurance Board (NIB) over whether it should fully take-up their parent company’s $10 million preference share issue.
'Grave concern' on NIB broker of record plans
A FORMER National Insurance Board (NIB) chairman expressed “grave concern” to Prime Minister Perry Christie over suggestions it was about to appoint a company owned by a Cabinet Minister’s family as its ‘broker of record’.
BISX micro tier ‘not necessarily money making’
THE Bahamas International Securities Exchange (BISX) has admitted its planned micro-listing tier will be a loss-maker during its infant years, but believes the facility is essential to “bring the entrepreneurial spirit” into this nation.
