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News : New Providence Last Updated: Feb 18, 2018 - 9:17:06 PM
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News : New Providence
BISX Lists the Artisans of Value Fund - Nov 29, 2017 - 6:42:45 PM


The Bahamas International Securities Exchange (BISX) is pleased to announce that the Artisans of Value Ltd. (SAC) Brick1 Cell Dubai (the “Fund”) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. Artisans of Value Ltd. (SAC) Brick1 Cell Dubai (the “Fund”) is an open-ended mutual fund.

The Fund is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and registered as a Segregated Accounts Company as defined in the Segregated Accounts Companies Act, 2004...
News : New Providence
Bahamas Waste say thanks to hardworking Staff - Nov 29, 2017 - 10:56:32 AM

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It was a day of fun in the sun for the families of Bahamas Waste as the company transformed the grounds of their Gladstone Road headquarters into a massive playground complete with face painting, bouncing castles, and live music.

“One of the things we pride ourselves on is being able to give back to our employees and by extension, their families as well,” said Bahamas Waste Operations Manager, Ethelyn Davis. “Our staff has been working extremely hard this year, with lots of additional work due to the numerous storms...
News : New Providence
Airport to test emergency response in full-scale Aircraft Crash Drill on November 29 - Nov 26, 2017 - 7:34:32 PM

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On Wednesday November 29, 2017, stakeholders at Lynden Pindling International Airport (LPIA) will conduct a full-scale emergency exercise. The drill scenario will begin at 6 p.m. with a call to NAD’s Operations Center from an MD80 aircraft inbound from ‘Safe-ville’ declaring an emergency landing at LPIA.

Local and international aviation regulations require airports to establish an emergency plan commensurate with the aircraft operations and other activities conducted at the airport. Regulations also mandate that a full-scale emergency exercise should be conducted at intervals not exceeding two years to evaluate the Emergency Plan...
News : New Providence
Singularity University Establishes Local Chapter in The Bahamas - Nov 24, 2017 - 3:30:28 PM

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Singularity University (SU), a global community with a mission to educate, inspire, and empower leaders to apply exponential technologies to address humanity's grand challenges has established a local SU chapter and formal partnership in Nassau, Bahamas with leadership team members Dr. Desiree Cox, Dr. Charles Diggiss, Travis Miller, Michael Fountain Jr., Mark Palmer, Felicity Humblestone, Stanley ‘Chike’ Burnside, Llewellyn Boyer-Cartwright, Dr. Jonathan Rodgers and Victoria Sarne.

“We’re excited to support The Bahamas as an innovation hub for exponential technologies in this region of the Americas,” said Dr. Desiree Cox...
News : New Providence
PwC gives detailed technical update on International Reporting Standards (IFRS) 9, 15 &16 - Nov 21, 2017 - 8:28:43 AM

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PwC in the Bahamas gave a detailed update at BICA’s Accountant’s Week Technical Update on International Financial Reporting Standards (IFRS) 9, 15 and 16 – all of which will impact not only financial institutions but the entire landscape.

In hosting the discussion, entitled "Enhancing our technical competency in New Providence and Grand Bahama" covering IFRS 9, 15 and 16, Myra R. Lundy-Mortimer, Partner, PwC Bahamas, said “These are the common global financial reporting language with major new standards for financial instruments...
News : New Providence
LOM Financial (Bahamas) Limited opens new office building at Old Fort Bay - Nov 12, 2017 - 2:25:03 PM

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Last week, executive directors from LOM Financial (Bahamas) Limited officially opened LOM House at Old Fort Bay. The 3,708 sq. ft. building, purchased by the financial firm’s real estate arm LOM Properties Limited for $2 million, will house its corporate offices on the first floor with additional floors being rented to tenants.

The LOM Group, a publicly held company majority owned by a Bermudian family, began operations in Bermuda in 1992 and was incorporated in The Bahamas in early 2001.  The Group marked the occasion and celebration of both island cultures with a traditional Bermudian rum wetting ceremony before the official ribbon cutting followed by a colorful Bahamian Junkanoo rush out...
News : New Providence
Press Statement From Dexter Cartwright, interim CEO - Oct 20, 2017 - 11:02:49 AM

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As part of our strategic approach to transform to a more customer centric, high performing organization, we are making adjustments to how we run our business.  We are carrying out necessary network upgrades, giving more focus on training and development and improving back office support to better serve our customers.  As part of this broader program, we have adjusted our team structure and as such a few positions at BTC have been made redundant.  We reaffirm our commitment to building a more effective team structure to deliver the best products and services to The Bahamas...
News : New Providence
BIFS highlights more than 150 at Annual Award Ceremony - Oct 18, 2017 - 10:43:47 AM

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More than 150 financial professionals received accolades for their accomplishments at the 41st Bahamas Institute of Financial Services (BIFS) Annual Awards Ceremony at The Balmoral Club on Saturday September 30, 2017.

Overall, 162 awardees were awarded for completion of programmes including: formally-structured programmes and professional certification programmes...
News : New Providence
Nassau Pan-hellenic Council to honour outstanding members at Bahamas Greek Hall of Fame Ceremony - Oct 12, 2017 - 11:18:26 AM

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The President, Officers and Members of the Nassau, Bahamas Pan-Hellenic Council, the local Council of the nine historically black fraternities and sororities, would like to announce the selection of two individuals who will be inducted into the Bahamas Greek Hall of Fame for 2017. The primary purpose of the Bahamas Greek Hall of Fame is to recognize Bahamian Fraternity or Sorority members for outstanding contributions made to the development of Greek Life in The Bahamas...
News : New Providence
BISX Trading Notice: Commonwealth Bank Limited - Oct 6, 2017 - 11:59:22 PM

The Bahamas International Securities Exchange Limited (BISX) wishes to notify the public that the common shares of Commonwealth Bank Limited (CBL) will begin trading on the Exchange on a 3-to-1 split adjusted basis on Friday, 6 October 2017 at 10:00 am.

CBL closed trading on Thursday, 5 October 2017 with a price of $11.50, and had 98,422,852 shares listed, therefore the amended stock and pricing information is as follows...
News : New Providence
U.S. Embassy Closure in observance of the Bahamas’ National Heroes Day and the U.S. Columbus Day Holiday - Oct 6, 2017 - 10:31:17 AM

The United States Embassy will be closed on Monday, October 9th in observance of The Bahamas’ National Heroes Day and the U.S. Columbus Day Holiday.  Please be advised that the Embassy will resume normal business operations on Tuesday, October 10th at 8:00 a.m.

For any emergencies involving U.S. citizens, please contact the U.S. Citizens Services Unit of the U.S. Embassy’s Consular Section via telephone: 242-322-1181...
News : New Providence
Dedication of newly-refurbished Stephen Dillet Primary School - Oct 3, 2017 - 3:30:56 PM

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Minister of Education, Science and Technology, the Hon. Jeffrey Lloyd gave the keynote address on Monday at the Dedication of newly-refurbished Stephen Dillet Primary School.  Addressing students, parents, administrators, teachers, other staff of Stephen Dillet Primary School, and senior Ministry of Education officials, Minister Lloyd said $4 million was spent on the refurbishment which took place from June 1 to October 1, 2017. Thirty general classrooms, two pre-school classrooms, a Tuck Shop...
News : New Providence
Bahamian Brewery & Presidente Beer Bottle Cap Contest to send Bahamians to International Concert - Oct 1, 2017 - 7:24:06 PM

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In just two weeks, fourteen Bahamian music enthusiasts will be chosen to enjoy one of the biggest music festivals in the region, all courtesy of the Presidente Caribbean and their distributors, Bahamian Brewery & Beverage Company Ltd (BBB). Following the successful launch of the Bahamas leg of the Presidente Music Vibes Tour, the two companies have joined forces to usher in a in a brand-new contest which will give lucky locals the opportunity to win an all-expense paid trip to the Dominican Republic.

“The Presidente Music Tour is a music platform that unites Caribbean Rhythms,” said Presidente Sales & Marketing Manager Manny Bartolo. “With each Presidente you drink here in The Bahamas, you can get closer to enjoying the biggest musical event in the Caribbean. When you purchase a beer, look UNDER THE CAP, and find the code that will enter you to win!"...
News : New Providence
WSC Disappointed In Release of Customer Private Information - Sep 25, 2017 - 12:36:34 PM

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Nassau, New Providence –   The Water and Sewerage Corporation (WSC) was disappointed to see the headlines in today’s papers, detailing the alleged outstanding bills of its customers.  This list was neither officially nor formally released by the corporation and WSC will not comment on the integrity of the information nor on their clients’ accounts publically.

“We take very seriously the release of customers’ information to the public,” said General Manager of Water and Sewerage Corporation, Glen Laville “Those responsible for illegal disclosure of private records to the media will be dealt with severely once found. This action does not reflect the values of our organization or our commitment to our clients....
News : New Providence
ALIV launches two new promotions for customers - Sep 1, 2017 - 11:04:35 AM

In an effort to continue giving its customers, more “bang for their buck”, ALIV, The Bahamas’ newest mobile network, is pleased to announce its ‘Double Data Forever’ and new switch promotion beginning September 1st.

Double Data Forever allows the customer to receive significantly increase data capacity across all the plans offered by ALIV. The Freedom10 and Freedom20 plans will now have 2GB and 3GB respectively. The Liberty50 and the Liberty75 plans will now have 8GB and 12GB respectively. All the other existing ALIV plans have unlimited data...
News : New Providence
U.S. Embassy Closure in observance of the U.S. Labor Day Holiday - Sep 1, 2017 - 10:51:09 AM

The United States Embassy will be closed on Monday, September 4th in observance of the United States’ Labor Day holiday.  Please be advised that the Embassy will resume normal business operations on Tuesday, September 5th at 8:00 a.m.

For any emergencies involving U.S. citizens, please contact the U.S. Citizens Services Unit of the U.S. Embassy’s Consular Section via telephone: 242-322-1181...
News : New Providence
Press Club saddened over death of journalist Larry Smith - Aug 31, 2017 - 12:12:38 PM

The Bahamas Press Club is saddened over the death of noted journalist Larry Smith, who died Sunday, August 27, 2017. He died at his home from chronic heart failure. He was 67.

Anthony Capron, president of The Bahamas Press Club recalls working with Smith during their employment at The Nassau Guardian.

"I remember Larry as a reporter for The Nassau Guardian in the 1980's and more recently in 2003 as the head of the transition team at The Guardian after it was acquired by Bahamian ownership...
News : New Providence
Today show, The Bachelor, Pop Sugar feature Exuma phenomenon swimming pigs video tops 1.4 million views - Aug 29, 2017 - 11:53:38 AM

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Three years ago when Canadian author and communications specialist Jeff Todd and Bahamian filmmaker Charlie Smith,now based in the U.S., talked about getting together to make a film about the amazing swimming pigs of Exuma, the two friends figured it would be fun to film and might draw a little more attention to Exuma where they both had connections.

“We never dreamed one little video would do what it’s done,” said Todd this week after seeing the numbers of viewers. “The video called When Pigs Swim has been viewed more than 1.43 million times by unique viewers and if you include viewers who have seen pieces of it on shows like Today and The Bachelor, the numbers swell to tens if not hundreds of millions...
News : New Providence
Mario Carey touts ‘Airbnb's potential to spur economic growth - Aug 21, 2017 - 10:24:41 PM

 
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The Bahamas has barely scratched the surface of benefits from the short-term home rental movement fostered by companies like Airbnb, says a top real estate broker.

“Airbnb is revolutionizing the travel market enabling visitors to live in a home or apartment where they can experience local life. Airbnb’s popularity among families is especially strong. They may be able to enjoy a pool, a back yard where children can play, a patio for friends to come over for a barbeque,” said Mario Carey, Chairman, Better Homes and Gardens MCR Bahamas Group. “While it is a great business for the homeowner and a great experience for the visitor, short-term home rentals like listings on Airbnb should also be viewed as a trigger for economic growth. The potential is unlimited with the trickle down effects and now that the Bahamas Ministry of Tourism has signed an agreement with Airbnb the uncertainty about taxation, collection and referrals is resolved. That is definitely a step in the right direction that opens many more doors without burdening the homeowner with overregulation.”...
News : New Providence
Dr. Lightbourne successfully reverses symptoms of Diabetes 2 in a patient without insulin - Aug 21, 2017 - 1:26:15 PM

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For patients suffering from Type-2 Diabetes, the daily prick is as predictable as the changing of the tides. But the wave of wellness that is sweeping the medical industry may just be changing the way doctors treat diabetes. And one local expert who treated hundreds of patients in emergency rooms at PMH and the private hospital in New Providence before dedicating his practice to preventative medicine and healthy lifestyles has already reversed the symptoms in a patient who is now insulin-free.

“It has been estimated that there are nearly 40,000 people living with diabetes in The Bahamas and another 30,000-plus who present with pre-diabetic conditions,” said Dr. Arlington Lightbourne, founder of the Wellness Clinic, Collins Avenue...

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