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.
The Bahamas: Business
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.
A new study has been proposed to assess the retail environment in downtown Nassau to determine whether the demands of tourist shoppers and local patrons are being met.
Concerns have been raised about an arrangement between the grocery store, Sawyer’s Fresh Market, and the Ministry of Education to construct a parking lot on the premises of the Hugh Campbell Primary School.
The top five most inefficient companies in the marine industry as ranked by Revenue Per Employee.
A new one-day record was set at the Port of Palm Beach with nine ships weighing a total of 95,526 tons, including several ships from the Bahamas.
The company should have tens of millions in reserves as it is supposed to be putting into escrow all the money it saves by stealing television programming and reselling it to Bahamians.