‘Re-opening old wound’ concerns on Baha Mar
PROMINENT contractors yesterday said they “absolutely believe” Baha Mar’s critical construction defects have been remedied, as they warned against “re-opening old wounds”.
URCA unites industry in opposition to '20x' data gathering rise
THE Bahamas’ major communications players have united in criticism of “burdensome and intrusive” regulatory proposals that threaten to increase data gathering by “20 times”. Cable Bahamas and its Aliv affiliate, together with their Bahamas Telecommun
Don't 'muddy water' on Sarkis's CCA lawsuit
The Bahamas Institute of Chartered Accountants (BICA) president yesterday warned against “muddying the water” over Sarkis Izmirlian’s $2.25 billion damages claim against Baha Mar’s main contractor.Gowon Bowe told Tribune Business that it was importan
'Busy Christmas' beats retailer expectations
BAHAMIAN retailers yesterday reported “an extremely busy Christmas”, with one telling Tribune Business: “It was much much better than I expected”.Charmaine Daley, manager at John’s Shoes and Accessories on Carmichael Road, said: “As expected we were
Tax reform on Chamber agenda list for 2018
TAX reform will be a part of the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) advocacy agenda in 2018, its chief executive says.
Commonwealth Bank takes dividends to $30m
COMMONWEALTH Bank has given its 6,000-plus shareholders some extra Christmas cheer by paying an extraordinary $0.02 per share dividend on December 22.
Realtor chief: Multiple Listings ‘catching on as win-win situation’
THE Bahamas Real Estate Association’s (BREA) president yesterday said its Multiple Listing Service (MLS) is “catching on”, with just under 1,500 active property listings currently.
Sarkis: I stopped $169m bogus bills
Sarkis Izmirlian is claiming Baha Mar’s main contractor would have cost him $169 million in “grossly over-valued bids” had he not intervened in its procurement process.
Sarkis: $84m cut-off caused by CCA 'lies'
SARKIS Izmirlian has accused Baha Mar’s main contractor of causing an $84 million funding “squeeze” due to its desire to eliminate the “project watchdog”.Baha Mar’s original developer, in his $2.25 billion damages claim filed on Boxing Day, alleged t
GB Power buy-out 'not the way we'd want to end' year
THE uncertainty surrounding the $35 million GB Power buy-out is “not the way we want to end 2017 in the capital markets”, investment bankers have told Tribune Business.Top executives at both Royal Fidelity Capital Markets and CFAL, the country’s’ two
Bay Street 'assured' on new Junkanoo bleacher protocol
DOWNTOWN Nassau stakeholders have been “assured a new protocol” will be put in place for Junkanoo bleacher placement starting next year, Tribune Business was told yesterday.Ed Fields, the Downtown Nassau Partnership’s (DNP) managing director, also su
IAN FERGUSON: Better ways for corporate giving
PEOPLE often refer to Christmas as the season of giving. It is a time when most corporate donors ‘show their shape’ and give to charitable organisations, churches, the homeless and other non-profit entities.We trace the spirit of giving to sacred scr
Sarkis strikes with $2bn writ
Sarkis Izmirlian yesterday launched a $2.25 billion damages claim against Baha Mar’s main contractor, accusing it of “one of the largest construction-based frauds in this hemisphere”.
Sarkis: CCA's 'up front' failure cost over $50m
BAHA Mar’s original developer yesterday alleged that the project’s main contractor cost it more than $50 million by failing to deliver on its ‘up-front’ obligations.Sarkis Izmirlian, in a $2.25 billion damages claim filed against China Construction A
Sarkis says CCA misused my $54m to acquire Hilton
BAHA Mar’s original developer yesterday accused the project’s main contractor of misusing a disputed $54 million payment to finance its British Colonial Hilton acquisition.Sarkis Izmirlian, in a $2.25 billion damages claim against China Construction
