Search results for : Deloitte
August 29, 2016
Government hopes Baha Mar workers will be paid by end of September
THE government yesterday expressed "hope" that the claims of former Bahamian workers at Baha Mar will be settled by the end of next month, with all other claims to be dealt with by year-end.
Saying less about Baha Mar is best for now
August 17, 2016
Saying less about Baha Mar is best for now
It's amazing to drive by Baha Mar. The large multibillion-dollar resort sits in the middle of Cable Beach fenced in and unoccupied.
The development has been in bankruptcy for more than a year. Bahamians are curious about it for obvious reasons. Two thousand people lost their jobs. Tens of millions of dollars are owed to Bahamian companies. Our economy has contracted the past two years and many see...
Smith: No details yet on committee's work
August 30, 2016
Smith: No details yet on committee's work
James Smith, a member of the new committee appointed by the government to oversee the settling of claims of former Baha Mar employees and creditors, said the first time he learned of his appointment was Sunday, the day of the announcement.
Anger at CCA appointee to committee
August 29, 2016
Anger at CCA appointee to committee
SARKIS Izmirlian's company BMD Holdings has criticised the appointment of China Construction America (CCA) executive Tiger Wu to a committee that will oversee payments to Baha Mar creditors.
Gov't hope over Baha Mar debt
August 29, 2016
Gov't hope over Baha Mar debt
THE government yesterday expressed "hope" that the claims of former Bahamian workers at Baha Mar will be settled by the end of next month, with all other claims to be dealt with by year-end.
As Baha Mar crisis drags on, PM silent
August 30, 2016
As Baha Mar crisis drags on, PM silent
Nearly a month after Prime Minister Perry Christie said the Export-Import Bank of China (EXIM) should be in a position to announce a new buyer for Baha Mar within a "few weeks", Christie refused to answer questions about the derailed project this week.
No public access to Baha Mar docs
August 30, 2016
No public access to Baha Mar docs
At the request of the government and the Export-Import Bank of China (CEXIM), the Supreme Court sealed documents relating to the agreement the parties signed on Monday to get Baha Mar completed and opened, preventing public access to the deal, according to Baha Mar's receiver-manager Ray Winder, managing partner of Deloitte & Touche.
Minnis warns on Baha Mar
August 29, 2016
Minnis warns on Baha Mar
Free National Movement (FNM) Leader Dr. Hubert Minnis yesterday warned the Christie administration and the Export-Import Bank of China (CEXIM) that an FNM administration would change any part of the recently completed agreement to open Baha Mar that it considers not to be in the interest of Bahamians.
August 29, 2016
Bahamas government announces committee to process all Baha Mar claims
As part of the agreement between the Export-Import Bank of China (?the Bank?) and the Government of the Commonwealth of The Bahamas to remobilize and complete construction of the Baha Mar Resort, the parties have established a Committee to administer the claims of Bahamian and other creditors of the Baha Mar group of companies.
Baha Mar worker payouts by Sept. 30
August 29, 2016
Baha Mar worker payouts by Sept. 30
Amid criticisms that its recent announcement of its agreement with the Export-Import Bank of China (CEXIM) to resume work on the stalled Baha Mar project was low on specifics, the government yesterday announced that the parties have established a committee to administer claims of Bahamian and other creditors.
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