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Traveller's Rest set for April re-opening
A group of New Providence-based investors headed by Jamie Dingman plan to re-open the iconic Traveller’s Restaurant by mid-April, having invested to-date $500,000 and employed up to 30 construction workmen on renovations.
BEC workers 'held hostage' at home they were disconnecting
TWO BEC women workers were held hostage and threatened with death by a group of men when they attempted to disconnect service at a Pinewood Gardens home.
AML eyes non-food retail sales 'north of 25%'
AML Foods is aiming for non-food retail sales to comprise “north of 25 per cent of our sales mix”, in the hope that diversification will counter Value-Added Tax’s (VAT) potential impact.
Baha Mar eyeing 15-20% job cuts
A Cabinet minister yesterday conceded it is “deeply concerning” that Baha Mar has delayed its re-opening amid plans to make “additional staffing reductions” that could result in hundreds losing their jobs. Dionisio D’Aguilar, pictured , minister of
Moody’s: Hotel ‘enclaves’ lower economic impact
The “enclave” nature of large-scale Bahamian resorts is limiting their impact on the rest of the economy, a leading Wall Street analyst believes, with the ‘jury still out’ on whether Baha Mar will grow or split the high-end visitor market come 2015.
Liquidation regime bar to $17m asset recovery
A Cayman bank’s liquidators cannot collect on almost $17 million in Bahamas-based assets because this nation’s regime for assisting international cross-border insolvencies is incomplete.
'Park our pride and grow GDP'
The government is being urged to eliminate the backlog of permanent residency applications within 30 days as a means to secure “easy money” for the Public Treasury and a multi-million dollar foreign exchange boost. Jason Kinsale, the Bahamian develo
FACE TO FACE: A childhood dream to give a life of service
Reverend George Bodie is a prime example of the truth that your circumstances in life do not have to define the outcome of your life. In times like these with violence and crime on the rise and with inner cities constantly threatened by gang activity, Rev Bodie shares his path to a life that is one to be proud of.
BREA chief slams 'three-year bar' on new members
The Bahamas Real Estate Association’s (BREA) president yesterday shot down suggestions by one of his predecessors that a ‘three-year moratorium’ on new realtor licenses be imposed, branding it as “not in the best interests of the Bahamas”.
Local contractors owed $74.3m over Baha Mar
The Bahamian Contractors Association’s (BCA) president yesterday said the 120 local companies collectively owed $74.3 million for work performed on Baha Mar needed to be fully paid before they would return to the construction site.
The first month of VAT
VAT. Those three letters have been the brunt of many a jest, the subject of many an adverse comment and unfortunately the cause of much National Trauma and Anxiety. Almost the entire year just ended saw frowns and concerns, voiced and withheld. This anxiety was certainly not warranted and for it to have been so is inexcusable. It was placed upon us unnecessarily.
Mortgage finance 'biggest hurdle' to housing recovery
Mortgage financing access remains "the biggest hurdle" to reviving the domestic real estate market, causing up to three deals for the same property to fall through.
‘Not so fast’ on Royal Caribbean’s PI plans
EARLIER this week, the Government of The Bahamas announced that Royal Caribbean International’s (RCI) proposed beach club project on Paradise Island will be permitted to move forward pending approval of an Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP). I believe the green light is premature, with so many unanswered questions regarding the project’s environmental and economic impact still to be addressed.
Election evokes thoughts of The Last Battle
The upcoming general election reminds me of the final showdown in C S Lewis’ The Last Battle when Aslan assembles together the millions of creatures of Narnia for judgment after Father Time finally awoke from his sleep.
BAHA MAR-VELLOUS: Unions welcome resort reopening Dec 17 with 1,500 staff due to return
MEGA resort Baha Mar has announced its reopening in December, which was hailed by a hotel union official as a “good signal” for the tourism industry.
Govt granted CCA’s ‘Baha Mar switch’ 11 days before bankrupt
The Government gave China Construction America (CCA) permission to redeploy equipment and manpower from Baha Mar to The Pointe some 11 days before the former project filed for Chapter 11 bankruptcy protection.
Men’s national basketball team to be named today
As promised, the New Providence Basketball Association brought home a number of pro basketball players and they spent the weekend trying to put all the pieces together before they announce today the men’s national team that will head to Canada on Wednesday.
Paint the town orange . . . to end the culture of violence
MINISTER of Social Services & Urban Development Lanisha Rolle announced her intention to lead a national campaign to end gun and gang violence.
August marks ‘historic’ revenue high for Aliv
Aliv’s top executive yesterday said August was the highest revenue-generating month in the mobile operator’s history as it bids to dominate market share by end-June 2022.
City Markets payout battle set for court
The Supreme Court will likely have to determine whether ex-City Markets staff are entitled to one or both of their severance pay and pension savings, a spokesman for the workers yesterday saying he had been advised trust law “supersedes” the Employment Act.