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Legends Celebrated
November 15, 2012
Legends Celebrated
The Bahamas Brass Band's Night of Legends, which honors long-serving members who have contributed their musical talents and personal resources to build the band ministry that is well-known around the Church of God of Prophecy world, is quickly becoming a much-anticipated and celebrated event, and this year was no exception.
December 27, 2011
Grand Bahama police seeking the public assistance in locating two vehicles
It was on Saturday 26th
November, 2011 12noon (11:54am) police responded to the report of an
armed robbery in the area of the Freeport International Bazaar.
During
this ordeal occurred the adult male victim was robbed of cash and a
2006 Blue Ford Explorer Jeep LP# 40400 while he was attempting to park
the vehicle near Princess Lane...
A dark purple 1995
Japanese Nissan coupe LP #52058 was ...
December 27, 2011
Grand Bahama Police Seeking the Public Assistance in Locating Two Vehicles...
It was on Saturday 26th November, 2011 12noon (11:54am) police responded to the report of an armed robbery in the area of the Freeport International Bazaar.
Kerzner tight-lipped as deadline approaches
August 18, 2011
Kerzner tight-lipped as deadline approaches
As the September 9 deadline approaches, Kerzner International Holdings Limited is remaining tight-lipped concerning its negotiations with creditors as it seeks to extend maturities on $2.78 billion worth of debt.
"We remain in active and constructive discussions with our lenders," said George Markantonis, president and managing director of Kerzner International Bahamas.
"It is company policy not t...
Kerzner faces April Debt test
March 28, 2011
Kerzner faces April Debt test
As early as next month Kerzner International Holdings Ltd. could face a loan covenant test on a $450 million debt, with failure possibly resulting in a default event, Bloomberg reported on Friday.
The company, which owns the Atlantis Paradise Island Resort, has already engaged a team of advisors to help restructure $3 billion in debt that comes due this year, including advisors Kirkland & Ellis LL...
BORCO deal concludes with 340 million Vopak stake
February 17, 2011
BORCO deal concludes with 340 million Vopak stake
By NEIL HARTNELL
Tribune Business Editor
The 100 per cent acquisition of the Bahamas Oil Refining Company (BORCO) has been completed by New York Stock Exchange (NYSE) listed Buckeye Partners, which bought the remaining 20 per cent equity stake from Vopak for $340 million.
Together with the $1.36 billion acquisition of First Reserve's 80 per cent interest for $1.36 billion, Buckeye Partners has ...
Vopak takes 150m profit as BORCO sale is finalized
February 19, 2011
Vopak takes 150m profit as BORCO sale is finalized
Buckeye Partners LP’s acquisition of the remaining 20 percent stake in the Bahams Oil Refining Company International Ltd. (BORCO) concluded yesterday, generating USD150 million in after-tax profit for Vopak, the seller.
At the request of Buckeye, it will immediately assume full operation of the terminal from Vopak, according to a Vopak release yesterday. The original operating agreement was...
Local Contractors Struggling
September 15, 2008
Local Contractors Struggling
Local contractors are complaining that it is becoming more and more difficult to make ends meet.
According to one local contractor, it has been extremely hard to find work for months at a time.
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