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Chamber Meets with Baha Mar Provisional Liquidators

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Nassau, 15 Sept 2015 – Directors and executives of the Bahamas Chamber of Commerce and Employers Confederation met with the joint provisional liquidators for Baha Mar today in an effort to keep the lines of communication flowing between the business community and the stalled project that is considered by most to be the single largest influence on business conditions in the country at this time.

“We know how much work the joint provisional liquidators have before them so we were pleased that the Bahamian lead on the liquidators’ team, Edmund Rahming, was able to sit with us to engage in early discussions about the best way forward,” said Chamber CEO Edison Sumner.
Rahming is Managing Director of KRyS Global (Bahamas) which was appointed along with UK-based AlixPartners by the Supreme Court to act as joint provisional liquidators until the court hears the winding-up petition of the Baha Mar Group companies. That court date is set for November 4.

“Until that time, we appreciate that the joint provisional liquidators’ role is to preserve the assets,” said Sumner. “While we would have liked for the Baha Mar matter to be resolved through arbitration or mediation with all parties sitting at the table, we are pleased that at least one of the mandates of the joint provisional liquidators is to promote a solution among all parties for the best way forward to get the resort opened. We are prepared to assist in any way possible to move the business forward. Many of our members are directly involved as they have made investments to participate in the Baha Mar dream whether through contractor or vendor services, retail or dining or other. But we know the greater impact on the entire economy in terms of potential revenue, jobs, entrepreneurial opportunities and a new product for a country whose major economic driver is tourism.”

Accompanying the Chamber CEO were directors who were directly impacted by the halting of the $3.5 billion project which came to a standstill when the developer, Baha Mar, filed for Chapter 11 bankruptcy protection in a Delaware court on June 29 and the subsequent filing for a provisional liquidator in the Bahamas Supreme Court. Hours after the meeting between the Chamber and the joint provisional liquidators, the Delaware court dismissed the cases, ruling the matters should be decided by courts in The Bahamas.

Chamber Directors who met with Rahming included Michael Maura, Chair of the ADR Division at the Chamber and CEO of Arawak Port Development Limited; Tara Morley Nolan, Chair of the SME Division and Cole’s of Nassau, and Lana Lee Brogdon, of New Oriental Cleaners. According to Rahming, the meeting was open and cooperative.

“As joint provisional liquidators, it is our responsibility to preserve and protect the assets and toward that end we are pouring through documents to establish a clear picture of the factual status of project,” said Rahming. “However, even as we perform those tasks, it is important to keep the lines of communication open with all who are impacted. We respect the Bahamas Chamber of Commerce as the voice of business so we are appreciative that they reached out. The meeting was productive for explaining our role and our doors remain open.”

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Bahamas News

Over 68,000 STAYED HOME in Bahamas Elections; We have BEST and WORST for Voter Participation

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#TheBahamas, September 21, 2021 – The just-concluded General Election in Bahamas has presented a new shift in governance.  The former ruling part, Free National Movement, lost nearly all the electoral seats it secured in the 2017 general elections.  However, this seems a swap of the Progressive Liberal party’s score in the 2017 general elections in which the former ruling party (FNM) won nearly all the parliamentary seats.

68,000 STAYED AWAY

While the FNM secured 35 out of 39 seats in the 2017 ballot, leaving only four slots for the Opposition, the 2021 elections presented “new day” with the Opposition clinching 32 parliamentary seats, leaving the former ruling party FNM with only seven slots.

However, the election results showed a significant drop in voter turnout compared to the 2017 election results. Out of 194,494 registered voters in The Bahamas, only 126,414 voted, translating to 65 per cent voter turnout.

PREVIOUS ELECTION HIGHER

This was different from the previous election in which 160,407 out of 181,543 registered voters cast their ballots, translating to a remarkable 88.36 per cent voter turnout.

Being the first election in the island nation since the Covid-19 struck the Caribbean; the dismal voter turnout could be attributed to the severe impact of the Covid-19 pandemic in The Bahamas and the current countermeasures taken by individuals to avoid contracting the deadly virus.

It could also be voter apathy.

BEST IN SHOW

Despite coronavirus prevalence in the country, North Andros & Berry Islands, Cat Island, Rum Cay & San Salvador, and Mangrove Cay & South Andros constituencies recorded an impressive voter turnout of 77.99 per cent, 76.11 per cent and 73.06 per cent respectively.

North Andros & Berry Islands had 2,126 out of 2,569 registered voters cast their ballots, followed by 1,255 out of 1,622 in Cat Island, Rum Cay & San Salvador, and 1,706 out of 2,164 registered voters in Mangrove Cay & South Andros.

VERY LOW SHOW

The bottom three constituencies in terms of voter turnout include Bamboo Town, which had 3,436 out of 5,838 (58.63 per cent) registered voters cast their ballot, followed by Garden Hills with 3,033 out of 5,287 (57.09 per cent), and   Central & South Abaco falling at the bottom of the list with 1,844 out of 3,271 (55.96 per cent).

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COVID Works programme launched by Ministry of Physical Planning & Infrastructure Development

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#TurksandCaicos, September 21, 2021 – The Minister of Physical Planning and Infrastructure Development, the Honourable Akierra Mary Deanne Missick and the Physical Planning & Infrastructure Development team are pleased to announce the launch of the COVID WORKS Programme, that went live on September 1, 2021.

The Programme seeks to support many who have lost jobs and livelihoods, while providing labour intensive work for economic exchange opportunities for persons to be engaged.

Works are set out in three (3) levels and comprise a variety of categories example, cleaning, road works, demolition and general construction to name a few.

Level 1 – value $1,500 – $9,999

Level 2 – value $10,000 – $39,999

Level 3 – value $40,000 – $70,000

Turks and Caicos Islanders with valid business licenses are also being encouraged to submit proposals to the Public Works Department for consideration for works throughout the islands. 

Commenting on the launch of the programme, Hon. Missick said, “We are very much mindful of the impact that restrictions introduced by Government in an effort to mitigate the spread of Covid-19, has had on the islands, many continue to experience financial hardship. Whilst, the hospitality and construction sectors in Providenciales have rebounded well, as an Administration, we cannot rest knowing that other industries are still limping along.

As a result, during the remainder of this financial year, the Turks & Caicos Islands Government has now launched the COVID Works Programme to provide an opportunity for Petty and Small Contractors to assist the Government in the enhancement of our communities, through programmed works, to the benefit of all of us as residents”.

The Minister went on to note, “This Programme is set to the tune of US$5,000,000.00, and works will be rolled out across the Islands in batches, as we have to ensure that we do not go beyond the allotted expenditure and that financial oversight and transparency are maintained.”

The initial batch of works for South Caicos, which comprised the following, was returned and evaluated on Monday, September 13, 2021 and included:

South Caicos 

Demolition- Queen’s Shed

Demolition- Distribution Concrete Tank

Demolition- Old Clinic Building

Demolition- DECR Building

Demolition- Library Building

Repair of Water Cistern

Works for Grand Turk included:

Grand Turk 

Demolition- Blood Bank Building

Demolition- Geriatric Ward Building

Demolition- Kitchen Building

Demolition- X-ray Building

All returning bids must be sent to the COVID Works email at tcigworks@gov.tc

Kindly note that as of Monday, September 20, 2021, the following works are planned to be released:

Grand Turk: 

Beach Cleaning (Eastern portion of Grand Turk)

Street Cleaning (All areas)

Providenciales:

Beach cleaning (Areas of Shore Club and Five Cays)

Street Cleaning (All areas)

A number of other works for Middle & North Caicos, as well as Salt Cay will be released shortly. This is a six month program that will spread throughout the TCI and we encourage persons to continue to register via tcigworks@gov.tc or the local Public Works Department and District Commissioners’ offices, to be eligible for this opportunity.

These works will continue on a monthly basis and the programme will come to an end in March 2022.

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Bahamas News

BAHAMAS: Nine new Cabinet ministers sworn-in

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#TheBahamas, September 21, 2021 – Prime Minister the Hon. Philip Davis today introduced the first set of new Cabinet ministers with portfolios covering the Attorney General, Foreign Affairs, Education, Works and Public Utilities, Health and Wellness, Government Affairs, Agriculture, National Security and Legal Affairs.

The nine ministers were sworn-in on Monday 20 September 2021 by Governor-General the Most Hon. Sir Cornelius A. Smith during ceremonies held at the Baha Mar Convention Center.

“They are the initial members of a Cabinet which will reflect the breadth and depth of the competencies and characteristics of our team: experience combined with innovation; expertise combined with a willingness to see things anew; integrity and a strong sense of purpose,” said Prime Minister Davis.

“They are receiving these appointments because of their determination to get things done.”

Among the new Ministers sworn-in on Monday were:

  • Senator the Hon. L. Ryan Pinder, Attorney General;
  • Hon. Fred Mitchell, Minister of Foreign Affairs and Public Service;
  • Hon. Glenys Hanna-Martin, Minister of Education, and Technical and Vocational Training;
  • Hon. Alfred Sears, Minister of Works and Utilities;
  • Dr. Hon. Michael Darville, Minister of Health and Wellness;
  • Senator the Hon. Michael Halkitis, Minister of Government Affairs and Leader of Government Business in the Senate;
  • Hon. Clay Sweeting, Minister of Agriculture, Marine Resources and Family Island Affairs;
  • Hon. Wayne Munroe, Minister of National Security; and
  • Hon. Jomo Campbell, Minister of State for Legal Affairs.

“I am confident that these first-appointed members of our Cabinet team are ready to deliver on the promise of a New Day for our Bahamas,” said the Prime Minister.

Prime Minister Davis pledged to move with urgency to address the economic and health crises that are faced by The Bahamas.

Many thousands of Bahamians are out of work, people are losing too many loved ones to the COVID-19 virus and Bahamian schoolchildren are falling behind, said Prime Minister Davis.

“I want to be clear: we are not here to tinker at the edges of these problems,” said the Prime Minister.

“We are here to meet them head on.”

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