PM: Baha Mar to hire thousands

With Hong Kong conglomerate Chow Tai Fook Enterprises (CTFE) pegged to purchase Baha Mar, Prime Minister Perry Christie yesterday announced the "imminent hiring" of 1,500 employees in the New Year to coincide with the mega resort's phased opening.

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Viva Cycling Invitational set for this weekend

Cyclists around the country will gather today to prepare for the return of one of the biggest events surrounding the sport that The Bahamas has ever seen.

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Izmirlian: Offer not good forever

Baha Mar developer Sarkis Izmirlian yesterday made it clear to the receivers appointed by the Export-Import Bank of China (CEXIM) and the provisional liquidators appointed by the government of The Bahamas that the clock is ticking on his offer.

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Izmirlian bid welcome, CCA considering bid for Baha Mar

While he would not say what the Export-Import Bank of China's (CEXIM Bank) final criteria will be for accepting a bid to purchase the bankrupt and shuttered $3.5 billion Baha Mar development, receiver-manager Raymond Winder of Deloitte and Touche said anyone who can offer what Sarkis Izmirlian has offered would likely find themselves in a very favorable spot in the final analysis.

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Christie 'concerned' over Baha Mar firings

Prime Minister Perry Christie admitted concern over the firing of a raft of human resources and training managers from Baha Mar, even though the action does not, in his view, have any impact on the opening and recommencement of construction on the scuttled project.

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This week in The Bahamas (26th-30th October 2015)

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No new offer from Izmirlian

Despite reports circulating that embattled Baha Mar CEO Sarkis Izmirlian may have upped his attempts to prevent a full-term liquidation, Guardian Business has learned that no new offers have been made.

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SLS Baha Mar won't open in 2015, hopefully 2016

Arash Azarbarzin, president of hotels at SBE Entertainment, which owns the SLS brand including the SLS Lux at Baha Mar, said his property won't open in 2015, but he still hopes to receive guests in 2016.

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SBE willing to take on former Rosewood property, if need be

Arash Azarbarzin, president of hotels at SBE Entertainment, has confirmed that SBE, which owns the SLS Lux at Baha Mar, is willing to take over the former Rosewood property. However, he noted for the record that it was Prime Minister Perry Christie who came up with that idea.

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Christie confirms SBE, Morgans negotiations

Prime Minister Perry Christie has confirmed that SBE Entertainment, which owns the SLS Hotel, is negotiating with the Morgans Hotel Group.

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