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Minister rejects FNM claims over Road Traffic
Minister rejects FNM claims over Road Traffic
TRANSPORT Minister Glenys Hanna-Martin yesterday dismissed claims from the Official Opposition over the rollout of the Road Traffic Department?s automated system as misinformation.
Winder advocates incentives for informal sector
Winder advocates incentives for informal sector
The economic contribution of the Bahamas' informal sector is not reflected in the country's gross domestic product (GDP), which has led Managing Partner at Deloitte & Touche (Bahamas) Raymond Winder to assert the need to incentivize persons in the informal sector to transition into the formal sector.
Payouts expected early Nov. for unsecured Baha Mar creditors
The committee responsible for overseeing the payout of claims to Baha Mar's former employees and creditors intends to begin paying unsecured creditors owed under $500,000 during the first week of November.
Izmirlian slams Baha Mar sale
Izmirlian slams Baha Mar sale
Ousted Baha Mar developer Sarkis Izmirlian in a letter to President of the Export Import Bank of China (CEXIM) Liu Liange criticized the sale of Baha Mar's assets to Perfect Luck Holdings Ltd., and said his legitimate offer to purchase the resort is still on the table.
Buyer revealed for Baha Mar
Buyer revealed for Baha Mar
The Office of the Prime Minister has confirmed that the new owner of Baha Mar is Perfect Luck Holdings Limited.
Turnquest says unwise to let China have too much influence
FREE National Movement Deputy Leader K. Peter Turnquest yesterday regretted that Bahamians were only "bit players" in the ongoing Baha Mar saga, as he decried the sale of Baha Mar's assets to a company created by the $3.5bn project's financier, the Export-Import Bank of China (CEXIM).
Sarkis told to make 'credible proposal' to buy Baha Mar
THE Office of the Prime Minister has urged Sarkis Izmirlian to work with Perfect Luck Holdings Limited, the company that has acquired Baha Mar's assets, if the resort developer is in a position to make a "credible proposal" to buy the property as he has suggested.
Izmirlian's new offer: I'll beat their price
Izmirlian's new offer: I'll beat their price
Baha Mar developer Sarkis Izmirlian said he will beat any offer currently being considered by the Export-Import Bank of China (CEXIM) for the purchase of the bankrupt megaresort.
Baha Mar to be sold twice as court process ends
Baha Mar to be sold twice as court process ends
BAHA Mar's secured creditor has acquired the project from its receivers for a sum "substantially higher" than that offered by the top bidder, with the property essentially being sold twice as part of the process.
Baha Mar to be sold twice as court process ends
Baha Mar to be sold twice as court process ends
BAHA Mar's secured creditor has acquired the project from its receivers for a sum "substantially higher" than that offered by the top bidder, with the property essentially being sold twice as part of the process.