02042020 NEWS

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VOLUME:117 No.50, FEBRUARY 4TH, 2020

THE PEOPLE’S PAPER: $1

HEALTH: LEARNING TO LOVE THE SKIN YOU’RE IN

ATLANTIS SALE IS ABANDONED Owners take resort off the market and now plan to reinvest By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net ATLANTIS will not be sold “at this time”, it was revealed last night, with its owner instead deciding to unleash a “significant” three-year investment strategy despite receiving multiple offers. An Atlantis spokesperson, effectively speaking on behalf of Brookfield Asset Management, told Tribune Business it was now focused on major renovations to the Paradise Island property that would include new restaurants

THE hotel union yesterday warned “another fight” is brewing over the decision by Atlantis to switch from a weekly to bi-weekly staff payroll. Harrison Williams, the Bahamas Hotel, Catering and Allied Workers Union first vice-president, told Tribune Business that it was an “abuse” for Atlantis

30 JOBS LOST AS JULIUS BAER CLOSES

FULL STORY - SEE BUSINESS

OFFICER SUES OVER EXUMA ASSAULT CASE

SEE PAGE THREE

FULL STORY - SEE BUSINESS

SEE PAGE EIGHT

MAJOR Swiss-owned financial institution Julius Baer yesterday revealed the closure of its Bahamas business with the loss of 30 jobs. The company said the decision to close its Nassau “booking centre” was part of a strategy designed to slash its global cost base by 200 million Swiss francs, adding that The Bahamas terminations would be “staggered” during an orderly wind down with all staff receiving due severance pay and benefits.

and nightlife venues. “We have received a number of offers to purchase Atlantis, but have made a determination not to sell at this time,” the spokesperson said in response to this newspaper’s inquiries. “Instead, we have decided to make a significant investment in a renovation of Atlantis which will take place over the next three years, and will include room renovations, additional nightlife venues, new restaurants, and other expanded indoor and outdoor activities.”

to seek the change when the union was in the middle of negotiations for an industry-wide agreement. He argued that the resort was merely following the lead of its fellow Paradise Island resort, the Four Seasons-branded Ocean Club, which last year withstood the hotel union’s bid to challenge its own switch to a bi-weekly payroll.

ROLLERCOASTER RIDE OF DESPAIR AND SALVATION

By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net

...AS STAFF FUME AT SALARIES CHANGE By YOURI KEMP Tribune Business Reporter ykemp@tribunemedia.net

FACE-TO-FACE

TOP OF THE WORLD, MA BAHAMIAN Rashad Fenton has gone from working at a concession stand at the Hard Rock Stadium in Miami to becoming a Super Bowl winner at the same venue. The Kansas City Chiefs cornerback used to serve beers and make pizzas. See Sports for the full story

By NICO SCAVELLA Tribune Staff Reporter nscavella@tribunemedia.net

THE senior police officer who allegedly punched two women in an incident in Exuma that went viral on social media last year is suing the government for “unlawfully” interdicting him for offences he claims he did not commit. Inspector Christian Leon Leary, in an affidavit filed yesterday, is suing the Royal Bahamas Police Force for SEE PAGE TWO

EMBASSY REJECTS VIRUS TRAVEL BAN By RASHAD ROLLE Tribune Staff Reporter rrolle@tribunemedia.net

HAIGANG Yin, the Chinese charge d’affaires to The Bahamas, said China does not support the travel restrictions The Bahamas and other countries have implemented to combat the spread of the new coronavirus, insisting his country has the disease under control. “We noticed the travel ban from the Ministry of Health of The Bahamas,”

HAIGANG YIN, Chinese charge d’affaires to The Bahamas he said when contacted yesterday. “We are currently talking about this

with officials from your government and we have reminded them that the methods taken by the government are not in line with the recommendations of the director general of the World Health Organisation and those methods have some influence on the travel plans of both Chinese and Bahamians.” Australia, Indonesia, India, Israel, Italy, New Zealand, the Philippines

Nassau & Bahama Islands’ Leading Newspaper

SEE PAGE THREE

PETER YOUNG

AFTER BREXIT, LET’S NOT LOOK BACK IN ANGER

SEE PAGE TEN


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