US-based AvStar Aviation’s newly-appointed chief executive announced yesterday that his company is hoping to open up airlift to Eleuthera and Abaco from West Palm Beach by year-end.
The Bahamas: Business
FirstCaribbean International Bank Bahamas has been awarded Best Bank in The Bahamas in the Euromoney Awards for Excellence 2010.
“All of the data says the economy remains very weak, that the weakness is likely to persist. The possibility of a double dip is weighing heavily over the stock market.”
After initially saying the prime minister would be “on his own” in making the controversial decision regarding Chinese workers for Baha Mar, Perry Christie and the PLP have had a change of heart.
For the second year, the Wyndham Nassau Resort and Crystal Palace Casino will close temporarily, from August 23 to October 7.
Government never dealt with the impact road construction and rerouting would have on businesses, despite spending $3.3 million on two studies before work began.
Prime Minister Hubert Ingraham met with Chinese Ambassador Hu Dingxian to discuss the much-touted Baha Mar project weeks ahead of a parliamentary vote on the project’s controversial labor issue.
Craig Gomez, liquidator for Clico (Bahamas), has initiated proceedings to prevent a fire sale of the Bahamian company’s main asset, Wellington Preserve Corporation.
With Benchmark (Bahamas) a BISX-listed company, facing a negative net worth for the second quarter of 2010, principals of the company raised $2 million in fresh preference share capital to secure the balance sheets.