Amidst controversy and bitterness newly-elected and reinstalled president Belinda Wilson promised to bring an end to the ongoing fighting within the Bahamas Union of Teachers.
The Bahamas: Business
Negotiations for the purchase of the Walker’s Cay resort have come to a standstill, with the primary bidder claiming that the seller is making the process to close the deal on the multimillion dollar project more difficult.
With all the corruption and legal wrangling over the arbitration award and verdict, the two protagonists – Plainfield and Mr Stein/RHS Ventures – along with the jilted time share owners, remain in “limbo”.
The Bahamas Institute of Chartered Accountants (BICA) is clamping down on individuals who are not fully complying with its professional conduct policy.
Minister of State for Finance, Zhivargo Laing, appeared before the World Trade Organisation (WTO) Geneva, Switzerland to lay out and discuss the case for the Bahamas to become a member.
Customs officers busted a 20-foot container filled with Budweiser beer at the Arawak Cay dock after tips that a local business was falsely declaring its imports.
The communications industry in the Bahamas is expected to receive a technological thrust forward with the merging of two communications entities – Cable Bahamas and IndiGo Networks – in addition to the long awaited and inevitable privatisation of the Bahamas Telecommunications Company (BTC).
Dallas-based investor Gil Besing has acquired the Dunmore Beach Club, a historic beachfront hotel on Harbour Island, and plans significant renovations.
After serving a prison sentence in the United States, Bahamian Garvey Burrows was returned to The Bahamas and, thanks to assistance from the IOM Reintegration Project, was able to set up his own small business.