Search results for : Cable Beach

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News Article

September 07, 2010
Bahamas business community to participate in the Canton Fair

NASSAU, The Bahamas -- The
Bahamas and the People's Republic of China are deepening relations
particularly in the area of trade and commerce with the promotion of
the China Import and Export Fair.

Widely known as the Canton
Fair, the event will take place from October 14 to November 4, 2010
in Guangzhou, China, and will feature a number of Bahamian businesses.

The Hon Brent Symonette, Deput...

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News Article

September 07, 2010
Private sector 'holds breath' on Baha Mar

By NEIL HARTNELL

Tribune Business Editor

The $2.6 billion Baha Mar project has been likened to "a marriage where the mother-in-law does not approve of the spouse", a former Bahamas Chamber of Commerce president warning the private sector would "go into shock for six months" if both political parties failed to approve work permits for the development's 5,000 Chinese workers.

Giving his apt asses...

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News Article

September 09, 2010
Willie Mae Pratt students meet actress CCH Pounder

Teenagers serving time at the Willie Mae Pratt School for Girls met Caribbean actress CCH Pounder at an exclusive screening of Bahamian film 'Rain' at community arts centre The Hub.

Ms Pounder, who plays school track coach Ms Adams in the Bahamian film by

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News Article
Bahamas Business Community To Participate In The Canton Fair
September 08, 2010
Bahamas Business Community To Participate In The Canton Fair

The Bahamas and the People’s Republic of China are deepening relations particularly in the area of trade and commerce with the promotion of the China Import and Export Fair.

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News Article
RESOLUTION: Baha Mar Chinese Labour
September 08, 2010
RESOLUTION: Baha Mar Chinese Labour

WHEREAS the Government of the Commonwealth of The Bahamas (hereinafter called ‘the Government’) and Baha Mar Development Company Ltd., a company incorporated under the laws of the said Commonwealth (hereinafter called ‘BDC’), entered into a Heads of Agreement, dated the 6th day of April 2005, to develop a major resort in the Cable Beach area of the Western District of New Providence, one of the Is...

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News Article
Rt. Hon. Hubert A. Ingraham on Baha Mar Resort Development
September 08, 2010
Rt. Hon. Hubert A. Ingraham on Baha Mar Resort Development

I rise to Table a Resolution meant to garner the position and sense of the representatives of the people on the proposed Resort development by Baha Mar at Cable Beach, New Providence and to ensure that the Bahamian people are fully informed on the requirements, consequences and benefits which are projected to result for The Bahamas if the development proceeds as now proposed by the principals.

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News Article

September 08, 2010
Baha Mar Statement and Resolution by Prime Minister Hubert Ingraham

Nassau, Bahamas - Enclosed is

a Statement and supporting document to Parliament on the proposed Baha Mar
development at Cable Beach, by Prime Minister the Rt. Hon. Hubert
Ingraham.

Tabled Resolution on the proposed labour component of the project is also Enclosed.

I rise to Table a Resolution
meant to garner the position and sense of the representatives of the
people on the proposed Resort deve...

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News Article

September 08, 2010
The deciding factors for Baha Mar

IT IS understandable why former Prime Minister Perry Christie was still haggling over the BahaMar deal up to two days before the 2007 election, which he lost.

Not only was he concerned about whether the developer had enough finances to see the project through, but he certainly did not want the "secret" clauses involving prime land in the agreement to be exposed on the floor of the House. Just bef...

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News Article

September 09, 2010
Baha Mar's multi-million Treasury revenue boost

By NEIL HARTNELL

Tribune Business Editor

The Government's weak fiscal position could receive a major short-term boost if the $2.6 billion Cable Beach project goes ahead with around $20 million in Stamp Duty generated by the transfer/sale of Crown Land to the development, a Baha Mar executive yesterday confirming that "significant revenues" would be derived for the Treasury.

While Robert Sands, ...

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News Article

September 10, 2010
Scotiabank'playing dangerous game'

ByScott Armstrong
Guardian Business Editor
scott@nasguard.com
twitter.com/guardianbiz
Scotiabank is playing"a dangerous game with the future of The Bahamas"over Baha Mar, one leading economist has toldâ The Nassau Guardianas those behind the$2.6 billion project prepare to sit down for more talks with their creditor.
The Nassau Guardiancontacted several leading lights in the banking sector t...

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News Article

September 10, 2010
Former Hotel Corp. chairman urges both parties to support Baha Mar

By STAFF WRITER
Guardian News Desk
Former Chairman of the Bahamas Hotel Corporation George Smith has expressed the view that both the Progressive Liberal Party and Free National Movement should vote to support the Baha Mar project.
"We ought to support it and wherever we differ we should meet with the people and arrive at an understanding,"said Smith in an interview yesterday withThe Nassau Guardi...

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News Article
Antique car show at Arawak Cay
September 11, 2010
Antique car show at Arawak Cay

New cars, old cars, loud cars and two-wheelers were all on show at the 25th annual Antique Car show and Steakout at Arawak Cay.

The show is collaboration between the Antique Auto Club of The Bahamas and the Kiwanis Club of Cable Beach. Funds from the show go towards two scholarships at CoB and to the Ranfurly Home for Children. Volunteers raise money selling lunch tickets and soliciting donatio...

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News Article

September 13, 2010
Mexican Ambassador pays courtesy call on the Prime Minister

Nassau,
Bahamas - Ambassador of Mexico to The Bahamas Her Excellency Leonora
Rueda pays a courtesy call on Prime Minister the Rt Hon Hubert
Ingraham at his office on Cable Beach, Friday, September 10, 2010.

Mexico is celebrating their 200th birthday this year...

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News Article
Mexican Ambassador pays courtesy call on the Prime Minister
September 13, 2010
Mexican Ambassador pays courtesy call on the Prime Minister

Ambassador of Mexico to The Bahamas Her Excellency Leonora Rueda pays a courtesy call on Prime Minister the Rt Hon Hubert Ingraham at his office on Cable Beach, Friday, September 10, 2010

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News Article

September 13, 2010
Letter: Think Bahamas, think about this Baha Mar deal

EDITOR, The Tribune.

Baha Mar...the cost, are we stupid?

Cost = $2,650,000,000.

Labour cost? $795,000,000 ($795 million).

Chinese workers pay cheques sent back to China "immediately" 80 per cent = $636,000,000 ($636 million).

Building materials balance 70 per cent = $1.85 billion majority bought from China.

Cable Beach land transfer - no value probably $1.00 for 264 acres of beach front.

Se...

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News Article

September 13, 2010
Apparent conflict in Baha Mar statements

By CANDIA DAMES
Guardian News Editor
candia@nasguard.com

Prime Minister Hubert Ingraham and Baha Mar have both made statements in recent days about the planned$2.6 billion deal at Cable Beach, but there appears to be conflicting statements related to when hundreds of acres of publicly-owned land would be transfered to Baha Mar.
In bringing the Baha Mar resolution to Parliament last week, Ingraham...

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News Article

September 13, 2010
CONFLICT IN BAHA MAR STATEMENTS

By CANDIA DAMES
Guardian News Editor
candia@nasguard.com
Prime Minister Hubert Ingraham and Baha Mar have both made statements in recent days about the planned$2.6 billion deal at Cable Beach, but there appears to be conflicting statements related to when hundreds of acres of publicly-owned land would be transfered to Baha Mar.
In bringing the Baha Mar resolution to Parliament last week, Ingraham ...

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News Article

September 14, 2010
Power capacity increase needed for Baha Mar

By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com
The Bahamas Electricity Corporation will have to increase its load capacity 7 to 11 percent to accommodate the projected power demand for the$2.6 billion Baha Mar resort.
BEC will have to create between 20 and 25 megawatts of additional power, in addition to various increases that will be required for various developments in the Family...

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News Article

September 14, 2010
POWER CAPACITY INCREASE NEEDED FOR BAH MAR

By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com
The Bahamas Electricity Corporation will have to increase its load capacity 7 to 11 percent to accommodate the projected power demand for the$2.6 billion Baha Mar resort.
BEC will have to create between 20 and 25 megawatts of additional power, in addition to various increases that will be required for various developments in the Family...

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News Article

September 16, 2010
Lack of local ownership of hotels

Dear Editor,

The ongoing debate concerning the Baha Mar project on Cable Beach has caused me to reflect on the state of our tourist industry in general and Bahamian ownership of it in particular.
I am concerned that although tourism has been our number one industry for years, the Bahamian ownership component is still negligible.
We have lauded ourselves as being number one in the Caribbean and le...

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