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  • Govt officials to assess Baha Mar buyer’s operations

    Government could be one step closer to confirming Chow Tai Fook Enterprises (CTFE) as the buyer for the Baha Mar megaresort, as four government officials close to the matter are expected to arrive in Hong Kong today to assess the company’s operations in Macau, according to Tourism Minister Obie Wi... Read More
  • Union boss laments firings at Grand Bahama Shipyard

    More than 20 people have been let go from the Grand Bahama Shipyard between July and November of this year, according to President of the Grand Bahama Port Authority Workers Union Mervin Wright. Wright claimed yesterday that personnel have been fired in many instances without reason or explanation.... Read More
  • Source: March 2017 timeline for Baha Mar rooms doable for contractors

    The March 2017 timeline proposed by Chow Tai Fook Enterprises (CTFE) for the opening of rooms at the Baha Mar development is a plausible endeavor for construction crews, according to sources close to contractors at the restarted construction site. Guardian Business revealed yesterday that the prosp... Read More
  • Carnival on the cards with or without govt support, says Tirelli

    Carnival, in particular the Road Fever Parade, will go ahead as planned, even if government does not invest in Carnival 2017, President of the Bahamas Carnival Band Owners Association (BCBOA) Dario Tirelli told Guardian Business yesterday. Tirelli was responding to claims by Labour Minister Shane G... Read More
  • New boutique hotel opens on Exuma

    On a remote cay off Great Exuma sits a small luxury boutique hotel waiting to be explored. Lumina Point, which officially opened at the end of November, features 12 rooms, a gym, spa, pool, restaurant and a pavilion for weddings and yoga overlooking its private beach. The resort is also eco-friend... Read More
  • Maria Wells-Rolle joins Coldwell Banker Lightbourn sales team in Abaco

    Maria Wells-Rolle has joined the Coldwell Banker Lightbourn sales team in Abaco. Based in Guana Cay, Wells-Rolle has a strong background in the real estate field, having worked in housing management with a pool of over 100 homes. “Maria comes to us with an established background in real estate s... Read More
  • Baha Mar buyer seeking to open 700 rooms by March 2017

    Chow Tai Fook Enterprises (CTFE), the prospective purchaser of Baha Mar, is pushing forward a schedule to open 700 hotel rooms at the beleaguered resort by March 2017, a well-placed source revealed yesterday to Guardian Business. According to the source, a presentation was recently made by represen... Read More
  • Davis: New generation capacity for BPL being negotiated

    Government is awaiting the outcome of negotiations by the Ministry of Finance over the purchase of new generation capacity for Bahamas Power and Light (BPL), Deputy Prime Minister Philip Brave Davis said yesterday. Speaking to members of the press following the official opening of a daycare center... Read More
  • Design plans for Potter’s Cay Dock stalls being revised

    The original plans for the upgrade of vendor stalls at Potter’s Cay Dock may have been too “elaborate” and had to be taken back to architects to ensure more “affordable” design and construction, Deputy Prime Minister Brave Davis told Guardian Business yesterday. However, he could not say w... Read More
  • Rolle stresses Matthew’s impact following Moody’s deficit projection

    On the heels of Moody’s widening its projection for The Bahamas’ deficit to almost $300 million, Minister of State for Investments Khaalis Rolle lamented the adverse economic impact of Hurricane Matthew. The international credit ratings giant recently increased its 2016/2017 fiscal deficit proj... Read More
  • Komolafe: Fiscal challenges leave little buffer from external shocks

    Chief Risk & Compliance Officer at Colina Emmanuel Komolafe said fiscal challenges in The Bahamas have placed the country in a position to have “little to no space or buffer” to be insulated from external shocks and natural disasters like Hurricane Matthew. Komolafe said that Moody’s rece... Read More


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