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Moss: Govt playing politics on Baha Mar
Moss: Govt playing politics on Baha Mar
Marco City MP Greg Moss labeled the government's latest Baha Mar announcement that a committee has been established to oversee the settlement of claims for former Baha Mar employees and creditors "startling".
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.
Winder: 'Wait and see' on CEXIM funds
Winder: 'Wait and see' on CEXIM funds
Baha Mar receiver-manager and Deloitte Managing Partner Raymond Winder said "just wait and see" in regard to when the Export-Import Bank of China (CEXIM) will deposit the promised funds to settle the Bahamian employees' claims and pay the claims of Bahamian creditors that were involved in the Baha Mar saga.
Wrinkle: Contractors should be on Baha Mar committee
Wrinkle: Contractors should be on Baha Mar committee
Former President of the Bahamian Contractors Association (BCA) Stephen Wrinkle said the Bahamian contractors previously engaged on the Baha Mar project should have a representative on the committee that was recently established to administer the claims of Bahamians and other creditors of the Baha Mar group of companies.
Former Baha Mar workers respond to payout news
Former Baha Mar workers respond to payout news
Over the last week, the government has made a series of announcements in relation to the former workers of Baha Mar receiving what was owed to them when the resort closed last year and sent over 2,000 workers home.
Smith: No details yet on committee's work
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.
Gov't hope over Baha Mar debt
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.
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.
Anger at CCA appointee to committee
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.
Saying less about Baha Mar is best for now
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...