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British Airways strike is on
Freeport Concrete can't pay for audit
Galanis hits back at 'sham audit' claims
Exuma Resort rated #1 retirement community
100% improvement in anti-corruption of awarding contracts
Counterfeit DVD and CD sales 'undermine' legitimate companies
Government's $90-$175m annual BEC savings plan
Entrepreneur plan targeting up to 50
$200m investment at oil storage terminal
Baha Mar targeting early Q2 deal close
Lack of Gov certification local egg profits
New RND owner cuts monthly cost $20k
Taking tax pressure off Bahamian businesses
Projects to lower carbon emissions by 355,000 tonnes
Resorts worried in Governor's Harbour
Investor behind Bahamas firm's $25m collapse convicted
MP wants news on BTC sale
For the first time in its history RBC Finco is not going to pay a dividend to its 4,000 plus Bahamian shareholders, after its income dropped by nearly $10 million this year.
Finance Corporation of Bahamas Limited (RBC FINCO) yesterday released its financial information reporting a net income of $4,562,631 for the fiscal year ending October 31, 2009 compared to $14,455,888 in the previous year.
At this 7th World Trade Organization (WTO) Ministerial Conference, I wish to confirm my Government’s philosophy that economic development is facilitated by open, transparent and predictable trade policies. We, like many of the countries here, have been significantly impacted by the current global economic and financial crisis. We acknowledge, however, that the impact of the crisis, as bad as it has been, could have been that much worse if many countries chose to adopt measures to restrict trade.
It’s that time again! The Ball gowns, tuxedos and dancing shoes are all chattering in the closets with excitement, anticipating their grand entrance. It’s Ball Season! Fashionistas all over Nassau and perhaps from the family Islands are preparing their wardrobes for the bevy of ball’s that are fast approaching.
Tough economic times call for tougher tactics. The Bahamas Chamber of Commerce and The Bahamas Employers Confederation (BECon) are arming the local business world with low-cost guerrilla marketing tools during an interactive workshop on Thursday, November 19. The workshop will take place at the British Colonial Hilton from 9 a.m. to 3:30 p.m. The session will feature world-renowned guerrilla marketing guru Ed Tate
U.K. resident Scott Armstrong thought he caught the deal of a lifetime when he saw a posting on website Craigslist.com for a $600 (monthly rental) Sandyport one-bedroom apartment. It was an offer he hurriedly jumped at for his imminent Bahamas move, only to have alarm bells go off later about something strange in the listing.
NASSAU, Bahamas – In addition to its Tax Information Exchange Agreement (TIEA) established with the United States, Monaco and San Marino, The Bahamas has completed technical agreements with eight additional countries, Prime Minister the Rt. Hon. Hubert Ingraham advised Parliament Thursday.
The week began with moderate activity with 13,948 shares trading in the local market today.
AML Foods Ltd. (AML) traded 10,491 shares increasing by +$0.03 to close at $1.10.
Cable Bahamas (CAB) traded 457 shares to close unchanged at $10.03.
Finco (FIN) traded 900 shares to close unchanged at $9.30.
Focol Holdings Ltd. (FCL) traded 100 shares to close unchanged at $4.50.
Focol Class 'B' Perpetual Preference (FCLB) traded 2,000 shares at a par value of $1.00, valuing $2,000
A Tax Information Exchange Agreement (TIEA) was signed between the governments of The Bahamas and the Republic of San Marino, at the 64th Session of the United Nations General Assembly in New York on Thursday, September 24.
Deputy Prime Minister and Minister of Foreign Affairs the Hon Brent Symonette signed the agreement, which will enable cooperation in tax matters between both countries. It was the third that The Bahamas Government has concluded.
FREEPORT, Grand Bahama -- In keeping with the bank's commitment to assist in developing the communities in which we live and conduct business, Commonwealth Bank is taking its corporate responsibility seriously by recognizing a need and giving back to the community in a big way by assisting Bahamian students with 'Back-2-School’ supplies.
NASSAU, Bahamas -- A company that plans to revolutionize the way businesses, residents and visitors in the region receive everything from news to entertainment and information today took another step toward its formal launch, naming a prestigious board of directors and the former Governor-General of The Bahamas as its chairman.
The liquidator for CLICO Bahamas Limited walked out of the Supreme Court yesterday empowered to secure a major asset necessary to ensure payouts to creditors of the failed insurance firm.
Attorney Sidney Cambridge, who represents liquidator Craig 'Tony' Gomez, had stressed repeatedly that the liquidator ran the risk of failing to get under his control investments CLICO Bahamas made in another company known as CLICO Enterprises Limited (CEL).
Upon completion, the Thomas A Robinson National Stadium will accrue “economic benefits” for The Bahamas and provide opportunities for sports tourism and to host international events, trade shows and exhibitions, the Hon. Desmond Bannister, Minister of Youth, Sports and Culture, said on Saturday, september 5, 2009.
Heralding the start of a new era of growth and development, Mr. Gavin Watchorn, President and CEO, announces effective immediately, the renaming of Abaco Markets Limited to AML Foods Limited. The name change, which had been approved by the Company’s shareholders at their July 21st Annual General Meeting, was recently formally approved by the Registrar of Companies.
Proving that being the oldest and most established doesn't mean that you're not on the cutting edge, HGChristie and its agents continue to respond to the changing global and economic climate. Through implementation and focus of sustainable development and growth, HGChristie is responding to today's market demands.
1st June 09, and in Grand Bahama on 1st July 09, where a further extension to use the old system until the end of the year, was granted due to as noted by the Comptroller – “quirks” in the process, was done hastily with little notice and preparation time for industry participants prior to its implementation.
NASSAU, The Bahamas -- Clients experiencing difficulties making mortgage payments to the Bahamas Mortgage Corporation should visit its Recovery and Adjustment Centre before their accounts fall into arrears.
“We want our clients to know that if they are having a problem, come in to see us,” said Bahamas Mortgage Corporation Managing Director, Jerome Godfrey. “We are here to serve the public.”
Retailer John Bull is reporting an ease in supply costs over the last year as the greenback, our currency's peg, strengthens — providing a necessary relief in shaky economic times.
"Our costs have improved a little bit with the dollar holding its own the best it can," Rick Hazlewood, John Bull's corporate director, told Guardian Business. "But worldwide currency factors are something that sadly we have no control over."
Nearly three months after the Emerald Bay Resort in Exuma closed its doors, Sandals has finalized its purchase of the property, it was announced yesterday.
The joint receivers of EBR Holding Limited reported that a contract for sale was exchanged four weeks ago. A statement said Sandals worked diligently to secure the necessary government approvals which have cleared the way for the completion of its purchase of the resort.
FREEPORT, Grand Bahama -- The future of GB Express and the jobs of its employees are once again secure following a meeting with the Grand Bahama Air Couriers Association and Acting Comptroller of Customs Glenn Gomez yesterday morning.
THE BAHAMAS -- The SMESU Trade Unit of The Bahamas Chamber of Commerce in partnership with the Caribbean Regional Negotiation Machinery (CRNM), and the Grand Bahama Chamber of Commerce recently hosted a two-day seminar to highlight the benefits and opportunities that are available to professional service providers through the European Partnership Agreement (E.P.A.). Seminars were held both in New Providence and Grand Bahama.
International copyright law infringement issues in The Bahamas are heating up once again, with government now in talks with U.S. and HBO representatives on how Cable Bahamas obtains its premium content.
It's a discussion set to take place this week, the minister responsible for broadcasting said yesterday.
BAHAMIAN suppliers of energy efficient equipment and technology are “finding it very difficult to function” because of the inconsistent treatment their imported products receive from the Customs Department, a former Chamber of Commerce president said yesterday, with some shipments allowed in duty-free and others charged the full 45 per cent.
Minister of Housing, the Hon. Kenneth Russell, as he addressed the the Chamber of Commerce's Meet the Ministers Forum, June 25. (BIS photo/Letisha Henderson)NASSAU, The Bahamas -- The Government has spent about $3 million to repair 303 homes since 2007, Minister of Housing the Hon. Kenneth Russell said. With the costs ranging from $1,000 to $40,000 per home, residences in New Providence, Grand Bahama, Exuma and Abaco have been repaired.
FREEPORT/LUCAYA, GRAND BAHAMA ISLAND, June 23, 2009 – International Underwater Explorers Society (UNEXSO), the premiere dive operation and dolphin experience facility located in Freeport/Lucaya, Grand Bahama Island, is pleased to announce a cost saving line up of featured hotel and condo properties to their 2010 dive group programme.
NASSAU, Bahamas – Seven Bahamians received Organization of American States scholarships to pursue studies aimed at further developing The Bahamas. Deputy Prime Minister and Minster of Foreign Affairs the Hon Brent Symonette presented the recipients with their certificates during a ceremony at the Ministry of Foreign Affairs on June 18
Public Works and Transport Minister Neko Grant and a team of Ministry officials inspected road works in the Current, Eleuthera during a visit on Thursday, May 28, 2009. Minister Grant said the inspection was done to ensure that the Government is receiving “quality work for expenditure.” He said the Ministry has some “concerns” regarding the road paving in that settlement and in Harbour Island and promised that “immediate” steps will be taken to have them corrected. Minister Grant (4th from left) is shown pointing to a portion of the recently completed road in the Current. Pictured from left are Deputy Director of Works (Civil Department) George Hutcheson, Permanent Secretary Colin Higgs, Member of Parliament for North Eleuthera and Speaker of the House of Assembly Alvin Smith, Mr. Grant, and engineer Dion Munroe. (BIS photo/Letisha Henderson)ELEUTHERA -- Public Works and Transport Minister Neko Grant and a team of Ministry officials inspected road works in the Current, Eleuthera during a visit on Thursday, May 28, 2009.
NASSAU -- Education has found its muse. Fashion! Two hundred guests supported education and the Doctors Hospital Dr. Meyer Rassin Foundation as patrons made their way to Luciano’s of Chicago to enjoy a luncheon and fashion show “Dollars for Scholars” to raise scholarship monies for Bahamian students studying in the healthcare field.
NASSAU, The Bahamas -- The Ministry of Health has tightened inventory controls at the three state-owned healthcare facilities and at the community clinic level to ensure that a readily available supply of fast-moving drugs “is kept on hand,” Minister of Health Dr. the Hon. Hubert A Minnis said Thursday.
NASSAU, The Bahamas --- Public Service Broadcasting is expected to diversify programming at the state-owned Broadcasting Corporation of The Bahamas (BCB) by accommodating diverse interests, tastes and concerns, National Security Minister Tommy Turnquest told Parliament Wednesday. It will also provide a vital space for free expression, editorial independence and open debate, he added.
More than three thousand people got a taste of The Bahamas this past weekend, when The Embassy of The Bahamas to the United States participated in two events that raised the Embassy’s profile in Washington, DC, exposing the metropolitan DC community to Bahamian culture and furthering cultural relations between the neighbours.
Mr Deveaux (left) holding a piece of locally harvested pine after it passed through the saw, is pictured with Foreign Affairs Minister Brent Symonette. (BIS photo/Patrick Hanna) The Government has granted $300,000 to the Bahamas National Trust to expand public access to Harold and Wilson Pond Parks, Bonefish Pond, and the wetlands at Skyline Drive using pine from the local forest, Environment Minister Earl Deveaux confirmed.
During the year 2009 the Department of Statistics will embark upon a project to produce export/import price indexes for The Bahamas.
The treatment of chronic, non-communicable diseases (CNCDs) is placing an “astronomical” burden on the healthcare system and the economy of The Bahamas as estimates show that almost $30million was spent in 2008 on medication to treat 11 chronic diseases at public and private healthcare facilities, Minister of Health, Dr. the Hon. Hubert A. Minnis said Friday.
The ongoing devolution of specialty healthcare services from the tertiary care level to the primary care clinics will allow for easier access to those services at the clinical or community level, while facilitating the enhanced clinical management of conditions and diseases for the prevention of secondary complications, Minister of Health Dr. the Hon. Hubert A. Minnis said Tuesday.
The Government is expected to table legislation before the end of this month to ensure that the long-awaited process of privatizing the Bahamas Telecommunications Company comes to fruition.
H.G. Christie Ltd., the oldest and most extensive real estate agency in the Bahamas, recently honoured their top revenue producing agents. These agents are recognized annually and have set themselves apart by achieving outstanding fiscal results through professionalism, hard work and dedication. The top producing sales agents of H.G. Christie Ltd. for 2008 were Neil Aberle of Abaco, Rhonda Waton of Eleuthera, Donna Jones of Grand Bahama, and Elbert Thompson of New Providence.
Legislation for the implementation of an unemployment benefit programme is expected to be brought to Parliament this month, with plans by the Government also underway to launch prescription drug programmes to assist the elderly, indigent and sufferers of chronic non-communicable diseases, Prime Minister the Rt. Hon. Hubert Ingraham told Parliament Monday.
Recognising the extensive import food bill and the shortages experienced after each hurricane, The Bahamas has embarked on a mission to grow as much of its food as possible, Minister of Agriculture and Marine Resources the Hon. Lawrence Cartwright said at the opening of the 2nd Annual Agricultural, Marine Resources and Agribusiness Expo.
On Saturday, Feb 28, 2009, Prime Minister Hubert Ingraham and Minister of National Security with Responsibility for Broadcasting Tommy Turnquest were present and spoke during the official opening of the new TV station BCN – Bahama Christian Network – in Murphy Town, Abaco. The station, owned and operated by Radio Abaco broadcaster Silbert Mills, was made possible through its granting of a national television license which was received late in 2008.
The Abaco Beach Resort at Boat Harbour’s new family entertainment programs and special events delight Resort guests, visitors to the Island and locals alike. In true traditional Bahamian fashion, the Resort proudly offers an array of exciting events and uplifting Island entertainment, earning the title, 'Entertainment Capital of the Abacos!' One of the newest programmes the resort now offers is their unique 'Bahama Buddies' Kids Club.
Freeport Container Port, a world-class container transshipment hub between the Eastern Gulf Coast of the United States, the Gulf of Mexico, and the Caribbean, has upgraded its Crane Operator Training Program through the use a new Ship-to-Shore (STS) and Mobile Harbour Crane (MHK) Simulator from GlobalSim, a Kongsberg Maritime Company.
The Ministry of Tourism & Aviation's Training & Education Department along with the Grand Bahama Island Tourism Board, The Bahamas Hotel Association, The College of The Bahamas and other industry stakeholders have teamed up to strengthen training efforts in the tourism sector on Grand Bahama Island.
While the government continues to slash the number of proposals for renewable energy, a joint venture company is hoping that they would be selected as the main distributor of renewable energy in The Bahamas.
Paint Fair recently hosted its second annual Colour & Decorating 101, offering professional colour and decorating advice to a capacity crowd while officially launching its newest line: Ralph Lauren paint and finishes - becoming the first company outside the United States to become an authorised the Ralph Lauren line.
A U.S. bankruptcy judge approved a revised version of Barclays' deal to purchase the core U.S. business of Lehman Brothers.
In a Manhattan court hearing that started on Friday and lasted past midnight, U.S. Bankruptcy Judge James Peck approved the sale, saying he had found no better alternative for the assets Lehman sought to sell.
The drop came after Lehman brothers announced it was filing bankruptcy and Merrill Lynch agreed to be bought by bank of America, Sue Turner reports (2:23)
Financial stocks led the market volume today and investors traded in three stocks of which one advanced and two remained unchanged. A total of 15,652 shares changed hands. Commonwealth Bank Ltd. (CBL) was the volume leader with 7,652 shares and closed unchanged at $7.00. FirstCaribbean Bank (CIB) rose by $0.05 to $11.60 on a volume of 5,000 shares. Cable Bahamas Ltd. (CAB) traded 3,000 shares and closed unchanged at $14.10.
Three new charter airlines have stepped in to fill the void created when Vintage Props & Jets ceased flying from Daytona Beach International Airport to the Bahamas.
Stephen Cooke, the airport's director of business development, said officials have signed agreements with Jacksonville-based Craig Air Center and Airgate Aviation of Sanford to offer charter flights to the Bahamas.
Minister of State for Culture the Hon. Charles Maynard said The Bahamas can be marketed as more than a place where visitors can experience sun, sand and sea, noting that packages can be offered for tourists to come and enjoy the major Junkanoo parades, the Junkanoo summer festival, or community festivals that highlight the art form.
ColinaImperial Insurance Company, the leading life and health insurance provider in The Bahamas, selected Plexis Healthcare Systems to provide its claims processing and benefits administration software solution. Plexis Claims Manager will automate claims processing and streamline benefits administration for ColinaImperial's health claims in The Bahamas and U.S.; Plexis Direct will provide for real-time electronic claim submission and adjudication via the Internet, using Mitan Technologies' real-time claim submission and response portal.
Cavalier Construction is well known in The Bahamas for building beautiful and high end homes throughout the islands. They have also built some of the country’s largest projects including: The Savoie Residence at the Abaco Club, Bayroc Condos in New Providence, and the Atlantis Convention Centre on Paradise Island, to name but a few.
A select group of experts met on Centreville Hill last week to launch a process that could change the face of Bahamian broadcasting and drag our antiquated communications and information sector kicking and screaming into the 21st century.
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