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$400 mil. needed to finish Baha Mar
Baha Mar CEO Sarkis Izmirlian has entreated the Export-Import Bank of China (CEXIM) to match the resort developer’s pledged $200 million jump-start for the stalled mega resort in a bid to cease general contractor China Construction America (CCA) fr...
 
 
CCA says it has binding Baha Mar contract
With Baha Mar CEO Sarkis Izmirlian announcing that, after weeks of negotiations, the company and its Chinese partners were “no closer” to a solution, China Construction America (Bahamas) has charged that it has a “firm, binding contract” to s...
 
 
Smith praises ruling on pay for 12-hour shift
Police Staff Association (PSA) Executive Chairman Inspector Dwight Smith said yesterday that while it is “sad” the association had to take legal action to have scores of officers compensated for spending weeks working 12-hour shifts, the Supreme ...
 
 
Man on bail shot dead
A man who was out on bail on an armed robbery charge was shot dead while sitting in his vehicle on Homestead Street on Saturday, police said. Assistant Commissioner Stephen Dean said that around 7 p.m. two gunmen approached the Honda Accord where th...
 
 
CCA prepared to invest an additional $100 million in Baha Mar
China Construction America Bahamas Ltd. (CCA), via its parent company China State Construction Engineering Corporation Limited (CSCEC), has offered to invest an additional $100 million in Baha Mar Ltd. (BML) and provide a guarantee of $175 million to...
 
 
Baha Mar pays millions in legal fees
The embattled Baha Mar resort on Cable Beach has paid out almost $4 million in legal fees to Bahamian and international law firms since the beginning of June. In documents filed in Delaware yesterday, Baha Mar details retainer fees paid to seven fir...
 
 
‘Ninety’ Knowles’ appeal dismissed
An appeal filed by convicted drug lord Samuel “Ninety” Knowles in a Florida court has been dismissed due to his failure to pay filing and docket fees within the required period, The Nassau Guardian can reveal. Knowles, 56, has sought to appeal a...
 
 
Boys go missing headed for Bahamas in boat
Authorities were yesterday searching for two American teenage boys who went missing at sea in waters, off Jupiter, Florida, on Friday afternoon. Perry Cohen, 14, and Austin Stephanos, 14, were en route to The Bahamas in a 19-foot single-engine boat,...
 
 
Boys go missing headed for Bahamas in boat
Authorities were yesterday searching for two American teenage boys who went missing at sea in waters, off Jupiter, Florida, on Friday afternoon. Perry Cohen, 14, and Austin Stephanos, 14, were en route to The Bahamas in a 19-foot single-engine boat,...
 
 
Philip Galanis appointed to Saint John’s University Board of Trustees
Philip Galanis has been appointed to the Board of Trustees of Saint John's University in Collegeville, Minnesota. A graduate of Saint Augustine's College in 1971 and Saint John's University 1975, Galanis is the second Bahamian to serve on the Board ...
 
 
Miami/Bahamas Festival of Coconut Grove delights Miami
COCONUT GROVE, Florida: Scores of Bahamians and other special guests were thrilled and dazzled on July 23 as the City of Miami, the Bahamas Consulate General and the Bahamas Ministry of Tourism provided a taste of The Bahamas through the Miami/Bahama...
 
 
Govt to rejoin Baha Mar talks
Attorney General Allyson Maynard-Gibson will return to Beijing, China this weekend for the resumption of negotiations among Baha Mar and its Chinese partners, Prime Minister Perry Christie said last night. In a statement, Christie said he is hopeful...
 
 
PSA wins overtime lawsuit
Supreme Court Justice Milton Evans ruled yesterday that government either pay outstanding overtime to police officers who worked 12-hour shifts or give the officers the equivalent in days off. Police Staff Association (PSA) Executive Chairman Inspec...
 
 
Govt considering bankrolling Baha Mar August payroll
The government will determine whether it will fund Baha Mar’s $7.5 million payroll for the second consecutive month following negotiations over the coming days, The Nassau Guardian understands. As previously reported, the government funded Baha Ma...
 
 
Gomez concerned about Izmirlian’s ‘$200 mil. commitment’
Minister of State for Legal Affairs Damian Gomez said yesterday that he is “concerned” by reports that Baha Mar CEO Sarkis Izmirlian is prepared to commit $200 million into the stalled Cable Beach resort. While he was careful not to get into spe...
 
 
Man murdered on Grand Bahama
Grand Bahama Police are investigating a shooting on Thursday that left a 46-year-old Coral Gardens man dead. Police said that shortly after 11:00 p.m., they were called to the Caravel Beach area, where they met a man with multiple gunshot wounds. EMS...
 
 
Bahamas to seek advanced passenger information from travellers
Minister of Foreign Affairs and Immigration Fred Mitchell said on Thursday that The Bahamas has signed on to a set of international agreements which would allow the country to have advanced passenger information in order to determine who can enter Th...
 
 
Union calls for action on Exuma airport
President of The Bahamas Customs Immigration and Allied Workers Union Sloane Smith spoke out yesterday about the “hazardous” working conditions at the Exuma International airport and called on the government to take swift action. “You can’t ...
 
 
Allen: Frightening differences between independent report and auditor general’s
Urban Renewal Commission Co-Chair Algernon Allen said the differences between the auditor general's report on the Small Home Repairs Programme and the independent technical report that the government commissioned are “frightening”. He intimated ...
 
 
‘Izmirlian commits another $200 mil.’
American attorneys for Baha Mar reportedly told a U.S. judge yesterday that Baha Mar CEO Sarkis Izmirlian is willing to commit up to $200 million to “jump start” the project. Baha Mar filed for Chapter 11 bankruptcy in Delaware on June 29. Acco...
 
 
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