Search results for : payroll
October 23, 2015
Baha Mar redundancies 'don't bode well' for negotiations, Turnquest worries
Shadow Minister of Finance Peter Turnquest says the "unfortunate" and "disappointing" redundancy of about 2,000 former Baha Mar employees - effective today - does not bode well for the closed-door negotiations between Baha Mar, the Export-Import Bank of China (CEXIM) and China Construction America (CCA) to get work on the $3.5 billion resort restarted.
October 04, 2015
BCCEC chair: Govt involvement won't 'hamstring' liquidators
With the government "knee-deep" in the Baha Mar debacle from the outset, Bahamas Chamber of Commerce and Employer's Confederation (BCCEC) Chairman Gowon Bowe has stated that he did not feel that the court-appointed joint provisional liquidators managing Baha Mar's affairs would be "hamstrung" by ongoing talks between the government and Baha Mar's parties.
BIA: NHI annual funding gap could go up to 640M
October 01, 2015
BIA: NHI annual funding gap could go up to 640M
The Bahamas Insurance Association (BIA) has warned against what it says would be a "bait and switch" approach to financing the National Health Insurance (NHI) scheme by promoting a low initial tax - what BIA called a "teaser" rate
Bowe demands clarity from govt on RESG for business
September 30, 2015
Bowe demands clarity from govt on RESG for business
Confusion over which businesses will be able to earn Bahamas Electricity Corporation (BEC) credit through registered renewable energy systems continues to add to the mounting "opportunity cost"
September 29, 2015
Presentation To The Congregation of St. Barnabas Parish
Each of us... The econimic realities.....and .....our parish
Funding secured to pay Baha Mar staff
September 24, 2015
Funding secured to pay Baha Mar staff
The joint provisional liquidators appointed to oversee Baha Mar said yesterday they have secured much-needed funding to pay the salaries of the company's 2,500 employees.
Izmirlian: No light at the end of tunnel
September 21, 2015
Izmirlian: No light at the end of tunnel
Noting that Baha Mar is facing a continued liquidity crisis, Baha Mar CEO Sarkis Izmirlian told staff in a letter on Friday that provisional liquidators are working hard on getting the government to transfer the balance of the money it owes Baha Mar
September 09, 2015
Provisional liquidators will decide on pay for Baha Mar staff
While expressing regret that the Baha Mar dispute has yet to be resolved, Attorney General Allyson Maynard-Gibson said yesterday the government is "very hopeful" that with the appointment of provisional liquidators there will be an "imminent resolution".
Rosewood argues its departure won't harm developers
August 23, 2015
Rosewood argues its departure won't harm developers
Rosewood, the luxury hotel brand attempting to terminate its myriad license and managerial agreements with Baha Mar, has argued that ending its partnership with the stalled $3.5 billion project will not "greatly prejudice" the resort's developers due to Baha Mar's underlying violation of the terms of the groups' license agreement.
Baha Mar accesses 14.9 mil. loan to meet expenses
August 13, 2015
Baha Mar accesses 14.9 mil. loan to meet expenses
Baha Mar President Tom Dunlap revealed in a U.S. court document yesterday that the company has found a way to avoid the requirement of Bahamian court approval
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