The appointment of board director Leon Williams to the post of CEO at the Bahamas Telecommunications Company is “nothing short of a major step backward”, according to FNM Deputy Leader Loretta Butler-Turner.
The Bahamas: Business
The head of the Clearing Banks Association said it is “difficult to anticipate” what the reaction of key international bodies and the United States will be to the government’s plan to regularize the web shops.
A newly opened firm has set its sights on becoming a major player in the real estate market.
The Bahamas Financial Services Board (BFSB), with the Ministry of Financial Services as a cosponsor, has scheduled five Bahamas Landfall events between August and October as it takes aim at advancing The Bahamas Advantage and business opportunities in Latin America and China.
Approximately one year after breaking ground on land leased from the Bahamas Agricultural and Industrial Corporation (BAIC), Bahamas Striping celebrated the grand opening of its new $2 million headquarters and manufacturing facility.
The One&Only Ocean Club will be acquired by a New York-based industrial group owned by a Ukrainian-born billionaire, that will upgrade and expand the property in addition to other vacant land on Paradise Island.
Executives from the Gaming Board recently got a first-hand look at the progress on the state-of-the-art Baha Mar Casino gaming floor, 100,000 square feet of high-end gaming excitement in the caribbean’s largest casino.
Despite concerns regarding Morgans Hotel Group Management’s move to terminate its hotel management agreement with Baha Mar, resort officials insist the opening of the multibillion-dollar facility will not be delayed.
Andorra-based, family-owned Andbank (Bahamas) Limited continues to uphold the company slogan “Only Talent Performs” by developing young, new, Bahamian talent.