Hotel News

Atlantis Will Retain Work Permit Policy

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A top Kerzner executive is confirming that the Atlantis Resort will retain its work permit policy, despite the tight economy — a move coming as Bahamian calls intensify for a crackdown on permit issuance.

"In every instance where a work permit is held it is because of the value that the permit holder brings to the organization," Atlantis spokesman Ed Fields told Guardian Business. "Whether in good times or bad times, work permits are based on that philosophy [and] quite naturally it follows that in difficult economic times all positions are analyzed based on the value to the organization.
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Ingraham Admits Global Crisis Hurting Caribbean

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The most serious impact of the global financial and economic crisis on the smallest Caribbean economies, including The Bahamas, has been the downturn in the tourism industry, The Bahamas' Prime Minister Hubert Ingraham has said.
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Old Bahama Bay Resort To Lay Off More Staff

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Old Bahama Bay hotel in West End, Grand Bahama, will lay off 85 staff members tomorrow, The Nassau Guardian can confirm.
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New Bridge Between East and West Grand Bahama

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The Grand Bahama Port Authority (GBPA) has embarked on a new project to construct a new bridge, which will carry the Grand Bahama Highway over the Lucayan Waterway.
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Emerald Bay Bidder Sues

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U.S.-based Mountain Lake Development Company (MLDC) has filed a $3 million lawsuit against Japan-based Mitsui Corporation and PriceWaterhouse Coopers (PWC) along with several other parties, claiming that the companies have refused to refund the money that was held in escrow as a deposit when it was in the running to buy the Emerald Bay development in Exuma a few months ago.
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