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Miller: Step down for what
June 19, 2014
Miller: Step down for what
Bahamas Electricity Corporation (BEC) Executive Chairman Leslie Miller said yesterday he has no intention of resigning.
Miller said he does not have "time for foolishness" and will continue to focus on the affairs of the corporation.
He was referring to calls made by Bahamas Electrical Workers Union President Paul Maynard and National Congress of Trade Unions of The Bahamas President John Pinder f...
One Hundred Thousand Dollars ($100,000.00) PAID to BEC from Mario's Bowling/Summer Winds Investments Co.
June 18, 2014
One Hundred Thousand Dollars ($100,000.00) PAID to BEC from Mario's Bowling/Summer Winds Investments Co.
Mario?s Bowling & Family Entertainment Palace/Summer Winds Investments Co. Ltd PAID $100,000 to BEC...
April 10, 2014
Bahamians seek partnership approval in bid for cellular license
A Bahamian-owned company is planning a $40 million investment in telecommunications infrastructure if it obtains government approval to join forces with an international mobile services provider and become the next company selected to gain a mobile license in the newly-liberalized mobile environment.
IP Solutions International Limited (IPSI) currently has an application before the Bahamas Investme...
Nassau Palm developers 'serious' about South Ocean
February 25, 2014
Nassau Palm developers 'serious' about South Ocean
Developers behind Nassau Palm Resort's acquisition have expressed a "strong" interest in the South Ocean property.
Guardian Business understands that the group is "very serious" about acquiring the 383-acre property. Their bid is set to be a joint venture between the principals behind Sunset Equities, and another group.
Just last month, over 40 groups, including Bahamian interests, executed confi...
February 25, 2014
Company seeking BEC contract dismisses fraud case against CEO
A company seeking to become involved in the Bahamas Electricity Corporation (BEC) reform process yesterday dismissed as "unfounded accusations" charges of fraud made in the Dominican Republic against its chief executive officer.
In a 2013 case, InterEnergy CEO Rolando Gonzalez Bunster was charged alongside officials of a government agency which manages funds derived from state-owned companies (FON...
Attorney defends clients in Orchid Bay dispute
December 18, 2013
Attorney defends clients in Orchid Bay dispute
The attorney for an Abaco couple who saw the development they were involved with subject to a takeover by a team led by Grant Thornton Bahamas, confirmed yesterday that the couple plans to seek to have this takeover overturned in the courts, with applications to be made to this effect in short order.
Roy Sweeting, partner with law firm Glinton Sweeting and O'Brien, and representative for James and...
South Ocean sales process to 'wrap up' in two months
November 22, 2013
South Ocean sales process to 'wrap up' in two months
The sales process for the South Ocean Golf & Beach Resort is "moving very well" and is set to conclude within the next two months, according to the company involved in developing a land-use master plan for the property.
Jeremy Seabridge, partner with Southern Cross Developments, the real estate development and investment company owned by Australian golfer Greg Norman, which announced it had comple...
South Ocean resort property up for sale
September 19, 2013
South Ocean resort property up for sale
After being subject to an intensive "repositioning" process, the 383-acre South Ocean resort in south west New Providence is being placed on the international market as a prospective site for two upscale resorts, a casino, marina, golf course and retail village, Guardian Business can confirm...
Govt to 'review' Okyanos approval
July 19, 2013
Govt to 'review' Okyanos approval
The government is undertaking a "full review" of a proposal to develop a stem cell treatment facility in Grand Bahama in light of revelations that its CEO has declared bankruptcy and is battling the Internal Revenue Service (IRS) over a $3.8m unpaid liability.
Khaalis Rolle, minister of state for investments, told Guardian Business yesterday that court documents relating to Okyanos Heart Instit...
House Row Over Sexual Preferences
March 08, 2013
House Row Over Sexual Preferences
A heated row erupted last night in the House of Assembly after Fort Charlotte MP Dr. Andre Rollins accused Killarney MP Dr. Hubert Minnis of spreading "lies" to The Punch tabloid about his sexual preference. "For the record, I am absolutely 100 percent heterosexual," Rollins declared.
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