Most likely they will declare bankruptcy and we will never hear of any more Chinese investments in the Bahamas... and to think that people were cheering this ruling...
Debt traps from the Chinese? You should read the book “Confessions of an Economic Hit Man”. Most of the debt owned by the Bahamas is not to the Chinese…
Atlantis went bankrupt before Covid, even though the resort was run by someone with a strong track record in the hospitality industry, something Izmirlian does not have. It was taken over by its lender Brookfield Corporation a Canadian multinational company that is one of the world's largest investment management companies, with over US$725 billion of assets under management. We need owners with deep pockets like Brookfield and the Chinese. They don’t bankrupt projects before they open.
Thank God the Chinese took over the Bahamar project, otherwise it would have gone bankrupt during Covid. As a reminder, the project went bankrupt twice before it even opened its doors...
Proguing says...
Most likely they will declare bankruptcy and we will never hear of any more Chinese investments in the Bahamas... and to think that people were cheering this ruling...
On Hotels facing risk in CCA court fight
Posted 5 November 2024, 11:42 a.m. Suggest removal
Proguing says...
That's why I always pay in cash, never had a problem....
On What can we do with no internet?
Posted 9 October 2024, 4:37 p.m. Suggest removal
Proguing says...
Like in Venezuela?
On Gas margin rise of 25 cents approved
Posted 18 September 2024, 1:11 p.m. Suggest removal
Proguing says...
In other words, the whole world will benefit from falling oil prices, except Bahamians…
On Gas margin rise of 25 cents approved
Posted 17 September 2024, 2:57 p.m. Suggest removal
Proguing says...
And when will the government lower the fees (taxes) on Bahamians?
On Mitchell: Govt may intervene if Central Bank won’t act on fees
Posted 20 August 2024, 2:56 p.m. Suggest removal
Proguing says...
Debt traps from the Chinese? You should read the book “Confessions of an Economic Hit Man”. Most of the debt owned by the Bahamas is not to the Chinese…
On Court hears final claims in Baha Mar $1.5bn case
Posted 19 August 2024, 9:17 p.m. Suggest removal
Proguing says...
Atlantis went bankrupt before Covid, even though the resort was run by someone with a strong track record in the hospitality industry, something Izmirlian does not have. It was taken over by its lender Brookfield Corporation a Canadian multinational company that is one of the world's largest investment management companies, with over US$725 billion of assets under management. We need owners with deep pockets like Brookfield and the Chinese. They don’t bankrupt projects before they open.
On Court hears final claims in Baha Mar $1.5bn case
Posted 19 August 2024, 3:54 p.m. Suggest removal
Proguing says...
Thank God the Chinese took over the Bahamar project, otherwise it would have gone bankrupt during Covid. As a reminder, the project went bankrupt twice before it even opened its doors...
On Court hears final claims in Baha Mar $1.5bn case
Posted 19 August 2024, 11:36 a.m. Suggest removal
Proguing says...
The central bank is to blame for higher banking costs due to over-regulation of the financial sector...
On ‘Central Bank must act’ on bank costs
Posted 15 August 2024, 7:09 a.m. Suggest removal
Proguing says...
This is the result of the over-regulation of financial institutions that we have in this country.
On Increased fees at CIBC Bahamas
Posted 13 August 2024, 8:17 p.m. Suggest removal