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Minnis: Beware of empty PLP promises
Minnis: Beware of empty PLP promises
Free National Movement (FNM) Leader Dr. Hubert Minnis yesterday urged Bahamians to beware of the Christie administration's "outlandish promises".
Baha Mar sold by September?
Baha Mar sold by September?
A JUDGE approved a five-month delay of the government's winding-up petition concerning the stalled Baha Mar project to see what unfolds in the ongoing sales process that has courted 16 prospective buyers.
Hopes for Baha Mar owner by fall
Hopes for Baha Mar owner by fall
Baha Mar's receivers yesterday expressed optimism that a new owner for the $3.5 billion project will be chosen before this fall.
City Markets owed staff pension fund 500k at end-2009
By NEIL HARTNELL
Tribune Business Editor
Bahamas Supermarkets, parent company of the 11-store City Markets grocery chain, owed the staff pension fund almost $519,000 at its 2009 year-end in unpaid rent for the company's head office, with its financial troubles preventing any contributions by the firm to the plan during the 2007-2009 period.
The audited financial statements for Bahamas Supermark...
Receivers accused of snubbing Baha Mar letters
Receivers accused of snubbing Baha Mar letters
A FORMER Baha Mar executive has suggested that the resort's court-appointed receivers have failed to provide substantial responses to its letters and requests.
Developer pays tribute to Baha Mar workers
Developer pays tribute to Baha Mar workers
BAHA Mar developer Sarkis Izmirlian and former president Tom Dunlap yesterday paid homage to the resort's former 2,000 employees, promising to "search every possible option to resolve the pains we find Baha Mar in and to get it back under sail".
Hearing behind closed doors over stalled resort's future
LAWYERS for the government and those connected to the stalled Baha Mar resort met in the Supreme Court for a closed hearing before Justice Ian Winder on Wednesday, during which attorneys representing resort developer Sarkis Izmirlian were asked to leave the room because they had "no standing" to be party to what was discussed.
PM: You'll cheer with me when Baha Mar opens
PM: You'll cheer with me when Baha Mar opens
PRIME Minister Perry Christie insisted yesterday that those who scoff at his optimism over Baha Mar will come to join him in celebrating its success when the doors of the $3.5bn mega resort are opened.
China EXIM Bank: 'preliminary plan' in place for Baha Mar
After months of silence, the Export-Import Bank of China (CEXIM) yesterday said "there is a preliminary plan concerning the future arrangements" concerning the shuttered $3.5 billion Baha Mar project which would be "launched as soon as practicable".
KRyS Global exiting Bahamas, Baha Mar liquidator moves on
Baha Mar liquidator Edmund Rahming yesterday announced that he had separated from KRyS Global, the Cayman-based international fraud investigation and dispute resolution firm, because that company is leaving The Bahamas.