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Business

 
Chamber recommends arbitration in Baha Mar matter
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has cast doubt on the government’s planned winding up exercise for Baha Mar, stating that the move would only serve to bog down the “outstanding and vexing matter”. In a press...
 
 
Moss: Proposed legislation could boost homeownership
Marco City MP Greg Moss said yesterday that a pair of proposed housing bills have the potential to boost homeownership and spur activity in the country’s flagging construction sector. He told Guardian Business that he intends to table two pieces o...
 
 
BNFC to reign in spending for 2016 carnival
Bahamas National Festival Commission (BNFC) Chairman Paul Major yesterday stated that he is confident the BNFC will reign in the spending of public funds below $10 million for the 2016 Bahamas Junkanoo Carnival following criticisms of the commission...
 
 
BIA frustrated by lingering concerns on NHI implementation
In the wake of a heated correspondence between top Ministry of Health and Bahamas Insurance Association (BIA) officials over the government’s planned $400 million National Health Insurance (NHI) scheme, one insurance sector professional fears that ...
 
 
GBPA donates $3 mil. and 50 acres to dormitory construction at northern COB campus
FREEPORT, Grand Bahama - The Grand Bahama Port Authority (GBPA) has partnered with the government to fund the construction of a student dormitory and multipurpose facility at The College of The Bahamas Northern Campus. During a press conference yeste...
 
 
CCA: We have acted in good faith
China Construction America (CCA) has fired back at Baha Mar’s developers over comments suggesting that the project’s general contractor and the Export-Import Bank of China (EXIM Bank) had not negotiated in good faith, stating that CCA had gone ...
 
 
Baha Mar can be completed with Bahamian contractors, says Izmirlian
Baha Mar could “easily complete” construction work on the stalled mega resort with Bahamian contractors, as the resort’s developers seek to cut ties with general contractor China Construction America (CCA) and find “reliable” contractors, a...
 
 
ECLAC: Caribbean, Latin American countries to grow 0.5% in 2015
Countries in Latin America and the Caribbean will grow an average of 0.5 percent in 2015 amid a “worrisome” decline in investment and lower contribution to growth of gross capital formation throughout the region, according to projections released...
 
 
PDS accepts Baha Mar’s 90-day timeline on lease payments, with conditions
PDS gaming, the international gaming firm currently embroiled in a legal battle with Baha Mar over $16 million of casino equipment, yesterday announced that it will “reluctantly” accept Baha Mar’s 90-day timeline to determine whether it would h...
 
 
Are you standing in the way of your own success?
Can you relate to this? You have a goal, dream or a vision of success for your career, business or life. Your desire is for this vision to be achieved in the coming months or over a concrete period of time. The desire for achievement is strong but so...
 
 
BTC lends helping hand to six-week police kids camp
At this time of year, a variety of kids’ camps appear as predictably as summer flowers, but seldom are they as enduring and anticipated as the Royal Bahamas Police Force (RBPF) summer camps, which have been held over the past 22 years. The Bahamas...
 
 
Smith urges reform of ‘draconian’ liquidation legislation
With Baha Mar’s winding-up hearing slated for Friday, a noted Queen’s Counsel has urged the government to implement reforms to its “draconian” liquidation legislation mimicking the U.S. Chapter 11 bankruptcy protections from creditors, to avo...
 
 
PM: Need for ‘greater degree of civility’ between investors and govt
Prime Minister Perry Christie yesterday stated that the government needs to reassess its methods of “pumping direct subsidies” into tourism ventures in The Bahamas, arguing that, among other things, there must be a “greater degree of civility...
 
 
Major: Level of foreign participation in carnival must be improved
Bahamas National Festival Commission (BNFC) Chairman Paul Major stated yesterday that the commission must improve the level of foreign participation at next year’s Bahamas Junkanoo Carnival, after preliminary surveys revealed that the event attract...
 
 
Govt urged to extend carnival bands’ subsidies for two more years
Bahamas Carnival Band Owners Association (BCBOA) President Dario Terrelli yesterday urged the government to extend subsidies to band companies participating in Bahamas Junkanoo Carnival for a minimum of two years to ensure an “adequate” presence ...
 
 
How to brand your business with no budget
Dear Danette, I have been in practice for about nine months now and I have a few people telling me I need to brand my business. I said it’s too early to be thinking about expensive branding especially since I don’t have a budget for it. Am I rig...
 
 
Bahamas represented at ICAST
A delegation from the Bahamas Out Islands Promotion Board and the Ministry of Tourism traveled to Orlando, Florida recently to participate in the International Convention of Allied Sportsfishing (ICAST) – the world’s largest sportfishing trade sh...
 
 
Caribbean tourism growth needs collective strategy
Choice Hotels International, Inc. executive, Bill Clegg, a respected hotel industry professional, believes that as the Caribbean tourism industry recovers, its leadership should work more collectively to ensure growth in the region is sustained. Cit...
 
 
Baha Mar outlines CCA frustrations ahead of talks
Baha Mar has outlined its frustrations in reaching a deal with its Chinese partners amid fears that the parties will not be able to reach an agreement before Friday, when the Bahamian court could appoint provisional liquidators for the stalled projec...
 
 
Baha Mar objects to motion by PDS on casino equipment leases
Baha Mar yesterday objected to a bid by casino gaming equipment provider PDS Gaming International, LLC (PDS) to force the resort’s developers to honor the terms of a series of lucrative leases, stating that PDS had “not come close” to forcing B...
 
 
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