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For electric cars to take off, they’ll need a place to charge
Around the world, support is growing for electric cars. Automakers are delivering more electric models with longer range and lower prices, such as the Chevrolet Bolt and the Tesla Model 3. China has set aggressive targets for electric vehicle sales to curb pollution; some European countries aim to be all-electric by 2040 or sooner.
BEC Chairman joins SOS relief flight to hurricane-hit islands
LESLIE Miller, the chairman of BEC, got a first hand look at the destruction on some of the worst affected southern Family Islands which suffered a devastating direct hit from Hurricane Joaquin last weekend after he joined a relief flight on Saturday organised by the Tribune Media Group SOS - Save Our South initiative.
‘We must reform campaign finance’
FORMER State Minister for Legal Affairs Damian Gomez said allegations about the relationship between Canadian fashion mogul Peter Nygard and the Progressive Liberal Party are “not a good thing for the country,” adding that he hopes it spurs legislative reforms like the passing of campaign finance laws.
2,000 jobs go at Baha Mar
MORE than 2,000 Baha Mar employees have been made redundant effective today, according to a statement from the resort’s joint provisional liquidators.
Sarkis’s letter shows breakthrough on Baha Mar ‘not imminent’
Sarkis Izmirlian’s letter to his former 2,026 Baha Mar staff shows there is no “imminent” breakthrough likely in the impasse over the $3.5 billion project, a senior private sector executive believes.
QC slams selection of Bimini as ‘model PPP’
An outspoken QC has slammed the selection of Bimini as a model tourism public-private partnership (PPP), arguing that the Resorts World project was “completely divorced from a harmonious relationship” with local Bahamians.
Baha Mar appoints ‘restructuring’ chief
Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.
Baha Mar ‘not too far gone’ for arbitration
The $3.5 billion Baha Mar dispute is “not so far gone” that professional arbitration will be unable to resolve it, the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive yesterday arguing that such intervention was becoming more urgent by the day.
Court must back dismissal of top Baha Mar staff
Baha Mar’s senior management cannot be dismissed by the $3.5 billion project’s joint provisional liquidators without the Supreme Court’s permission, although regular employees can be released “in the ordinary course of business”.
National Insurance benefits
EDITOR, The Tribune.
Rollins ‘would consider’ running if FNM offered him nomination
AFTER saying he would not offer himself for re-election on the Free National Movement’s ticket, Dr Andre Rollins suggested yesterday that he would consider and potentially accept a constituency nomination if offered one by the FNM’s recently re-elected Leader Dr Hubert Minnis.
$315m lost in Baha Mar tax
IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.
Safeguards against 'sinister' liquidations
CHANGES to Bahamian insolvency law will prevent directors/shareholders from putting companies into voluntary liquidation for "sinister reasons", a leading accountant yesterday arguing that the amendments bring this nation "into line with model international law".
Drug years are where the decay started
I have read many letters in the press recently, some of which I can fully subscribe to, hence I hesitated to write one of my own. But certain events have now compelled me to write.
How free was speech in the Seventies?
A READER of this column on The Tribune's website - Tribune242.com - commented that although he was "not a supporter of the PLP, at least their members are able to voice dissent. To not be able to do so," he wrote, "leads one down the slippery slope to a de facto dictatorship, which is where we unfortunately are as a country -- a dangerous cross roads indeed."
Judge steps aside from MP's civil trial
A SUPREME Court judge has recused himself from hearing Fox Hill MP Shonel Ferguson’s civil trial after revelations that Official Opposition Leader Philip “Brave” Davis is due to swear an affidavit in the matter, The Tribune can confirm.
Accountant opposed by own creditors committee
An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.
Liquidator concern on $8m taken from collapsed broker
A Bahamian broker/dealer’s liquidator has voiced concern that its majority shareholder and then-senior management removed over $8m in the two-and-a-half years prior to its insolvency.
Sebas’s Brickell in Govt PPP market
Sebas Bastian’s Brickell Management Group (BMG) has entered the public-private partnership (PPP) market through a contract to construct a new “multi-purpose” government office complex on Harbour Island.
Second Baha Mar SPV asset transfer
Baha Mar’s receivers and liquidators have left “no stone unturned” in their hunt for assets, quietly transferring a second tranche to the project’s secured creditor in December 2016.
