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Sarkis pushes for full Baha Mar liquidation
Sarkis Izmirlian yesterday again sought to present himself as the ‘champion’ of Baha Mar’s unsecured Bahamian creditors, as he moved to push the $3.5 billion development into full liquidation.
New national record: Pedrya Seymour qualifies for Olympics
A national record and an Olympic Games qualifying performance from high hurdler Pedrya Seymour at the Big Ten Conference Championships highlighted a weekend that saw Shaunae Miller continue her dominance at the IAAF Diamond League in Shanghai, China.
Supreme Court takes over PharmaChem’s liquidation
The liquidation of PharmaChem Technologies has been placed under the Supreme Court’s supervision due to the company’s massive insolvency, Tribune Business can reveal.
Ex-boss ‘robbed’ ferry firm of Bahamas route
The former chief executive of Balearia Caribbean must pay his ex-employer $2.844m in damages for effectively stealing the Resorts World Bimini ferry contract from under them.
WHAT'S ON: CLUBS AND SOCIETIES
The Antique Auto Club of The Bahamas recently held elections of officers and directors for the years 2014-2015.
Gov't told: raise Mortgage Plan's $22,500 'Gap'
Bahamian commercial banks have recommended that the Government increase the $22,500 ‘Gap’ amount in a bid to have more struggling homeowners qualify for its Mortgage Relief Plan, Tribune Business can reveal.
BISX-listed fund targets 50% cut to vacancy rates
The BISX-listed Bahamas Property Fund is aiming to slash vacancy rates by around 50 per cent at both its flagship properties over the next two years, after seeing its net income for the first nine months last year fall 28 per cent.
Hurricane forces delay in trial of men accused of killing press secretary
TWO men scheduled to stand trial for the murder of Prime Minister Perry Christie’s press secretary, Latore Mackey, face another delay in the start of their case.
Post Office relocation to complete next week
The General Post Office will open at its new Town Centre Mall location next week, Tribune Business was told yesterday, as staff complete the move from East Hill Street.
Lucius Fox Player of the Week, Knowles promoted, Young back in AAA
D’SHAWN Knowles and Chavez Young received call-ups in their respective organisations while Lucius Fox was named Player of the Week to highlight play from Bahamians in minor league baseball.
Jonquel leads her team into title series in WCBA
JONQUEL Jones’ offseason in China has seen her become one of the league’s most dominant players as she leads her team into this weekend’s Championship series.Jones leads the Shanxi Xing Rui Flames into the championship of the Women’s Chinese Basketball Association for a best-of-five matchup against the Beijing Great Wall.
Bahamas facing 'hard choices' on $710m storm woe
THE Bahamas has been warned that “the era of tough choices has arrived” after Hurricanes Matthew and Irma caused a combined $710 million in economic damages and loss.The Inter-American Development Bank (IDB), in two separate 100-plus page reports on
COVID death tally passes 600 milestone
THE Bahamas achieved another grim milestone over the weekend after the number of confirmed COVID-19 deaths reached 605, with one senior physician warning the country could be grappling with another coronavirus surge.
DPM: ‘Three credible offers’ for Lucayan
Three “credible offers” to acquire the Grand Lucayan resort are presently being studied, the deputy prime minister said yesterday, as he and others touted $1bn worth of investments being “in the pipeline” for Grand Bahama.
Baha Mar contractor promises completed analysis ‘in 7 days’
Baha Mar’s contractor has promised to complete its assessment of the work necessary to complete the $3.5 billion resort development within seven days, Tribune Business was told yesterday.
FNM deputy: ‘Is Gov’t interfering with Baha Mar liquidators work?’
The Opposition’s deputy leader has questioned whether Prime Minister Perry Christie’s interventions with Baha Mar’s Chinese partners are “tantamount to interfering” with the responsibilities of the project’s joint provisional liquidators.
Izmirlian downbeat, but Gov’t is upbeat
Prime Minister Perry Christie’s meeting with Sarkis Izmirlian yesterday achieved “nothing substantial” in attempting to resolving the $3.5 billion Baha Mar dispute, with the latter again demanding that his Chinese partners negotiate in “good faith”.
Creditors seek $1.1m Dingman default verdict
Bahamian creditors abandoned by Jamie Dingman’s failed Nassau restaurant empire this week urged a New York federal court to grant a $1.113 million default judgment in their favour, after no defence was filed against their claim.
‘Double dipping’ Baha Mar staff being terminated
Baha Mar’s joint provisional liquidators are terminating employees who have been ‘double dipping’ by continuing to pocket a regular pay cheque despite finding another job.
Baha Mar contractors must be ‘made whole’
THE Attorney General yesterday said the Government was resolute that Bahamian contractors “are made whole” for work completed at Baha Mar, amid increasing anxiety over what the project’s newly-announced receivership will mean for local creditors.
