China is pouring another $7bn (£4.4bn) into Brazil’s oil industry, reigniting fears of a global “land grab” of natural resources.
I only have one piece of advice for Mr. Ingraham and that is this: if he decides to put the Bahamian economy and its people in bed with the Chinese Government, please make sure we’re well covered.
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.
Dallas-based investor Gil Besing has acquired the Dunmore Beach Club, a historic beachfront hotel on Harbour Island, and plans significant renovations.
The Bahamas Financial Services Board has opened nominations for the 2010 Financial Services Industry Excellence Awards.
TeleNetworks Broadband Solutions, a regional network solutions company based in Puerto Rico, is interested in expanding to the Bahamas.
“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.”
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.