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Local
Airport Maintenance Services Signs $400,000.00 Contract with Resorts World Bimini - Dec 5, 2013 - 7:24:01 PM
Nassau, Bahamas -
After a few short months since its launch, Airport Maintenance Services
Ltd has signed its first contract with Resorts World Bimini, and The
Genting Group to upgrade the Southern Bimini airport.
These
upgrades will bring Bimini's southern airport to international standards
in order to commence and accommodate night flights and ultimately
improving the island’s tourism industry as well as providing employment
for Bahamians.
Managing Director of Airport Maintenance Services,
Mr. Allen Albury indicated, “Today ushers in a new day for scores of
young Bahamians. Airport Maintenance Services is about opening up new
opportunities and possibilities for young Bahamians. Times have changed
and the nature ..."
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Local
New research from Bimini Sharklab - Dec 5, 2013 - 12:59:46 PM
Research suggests local shark conservation efforts by individual nations can have an impact
The Bahamas
- Research conducted in Bimini in The Bahamas spanning almost two
decades shows that female lemon sharks that were born there returned 15
years later to give birth to their own young, confirming this behavior
for the first time in sharks. The study began in 1995, and has resulted
in the capture, tagging, and release of more than 2,000 baby sharks over
the 19-year, ongoing project.
This article, published online
today in the journal Molecular Ecology, entitled, “Two decades of
genetic profiling yields first evidence of natal philopatry and
long-term fidelity to parturition sites in sharks,”
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Local
Cable Bahamas TV subscribers compensated for outages with free weekend of premium services - Dec 3, 2013 - 11:59:32 AM
NASSAU, THE BAHAMAS, DECEMBER 3, 2013 -- Cable
subscribers in Grand Bahama, Abaco and Eleuthera were affected last
week with an interruption of a small portion of their TV services. Cable
Bahamas advised that the issues were caused by equipment and service
upgrades.
The upgrades began
Wednesday, November 27, when a number of channels and the video on
demand service were impacted with intermittent signals. The completion
of the 48-hour upgrade process resulted in the resolution of the
intermittent signals experienced by some of Cable Bahamas' subscribers.
"Every single one of
our subscribers are important to us," said Cable Bahamas Head of
Marketing David Burrows.
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Local
Fidelity Declares Further Dividend - Dec 3, 2013 - 10:32:13 AM
 Fidelity Bank (Bahamas) Limited announced
today that the Bank had declared a further dividend of $0.07 per share
to shareholders of record as at December 9, 2013 with payment effective
December 16, 2013. This additional payment will bring the total
dividends paid in 2013 to $0.14 per share or an effective dividend yield
of 4.7% at the current share price of $3 per share.
Anwer
Sunderji, CEO of the Bank said "The Bank's share price has appreciated
by 43% year to date reflecting the solid results posted by the Bank in
2013. Return on Average Assets (ROAA) for nine months of 2013 was 2.2%
with Return on Average Equity (ROAE) of 22%."...
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Local
C.O.B. statement on misappropriation of funds - Dec 2, 2013 - 9:09:02 PM
 Nassau, Bahamas - The
College of The Bahamas has referred a matter involving the
misappropriation of funds from the Business Office
to the Royal Bahamas Police Force.
The
College is in the process of new hires at the managerial level that
will strengthen our financial management and oversight, and
these appointments are going through the appropriate vetting process,
including union involvement. In the interim, The College wishes to
advise that persons are engaged under a contractual arrangement from
time to time ...
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Local
C.O.B. Employee and Student Unions Seek Answers to Large Sums of Money Allegedly Stolen from College’s Business Office - Dec 1, 2013 - 2:31:31 PM
Nassau, Bahamas - It has been
brought to the attention of executives of the employee and student
unions at the College that in excess of $12,000 has gone missing from
the Business Office of the College and now the Unions – The Public
Managers Union (PMU), The Union of Tertiary Educators of The Bahamas
(UTEB), The Bahamas Public Services Union (BPSU), and The College of the
Bahamas Student Union (COBUS) - are calling for immediate answers from
College officials on the matter.
The
Unions understand that, as of Friday, November 15, 2013, one employee
from the Business Office has been abruptly terminated and would like to
know for what cause, since no one has been formally charged or made to
own up to the missing funds. We hope that the college, in light of its
supposedly dire financial condition, is not trying to sweep this matter
under ...
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Local
URCA certifies BTC readiness for number portability - Dec 1, 2013 - 10:27:06 AM
 NASSAU, Bahamas -
Confirming its readiness for number portability, the Utilities
Regulation and Competition Authority (URCA) granted the Bahamas
Telecommunications Company (BTC) a certificate of readiness last week,
ahead of the December 2 deadline for number portability.
Number
portability allows consumers to change their service providers without
having to change their telephone numbers. It is one of the basic
elements of consumer choice in a competitive telecom market, ensuring
that the attachment people feel to their telephone numbers cannot be
used as a means of undermining competition. Welcoming URCA’s efforts to
responsibly prepare the market for competition, BTC invested $2.3
million
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Local
World Renowned National Geographic Photographer to Judge Bimini Shark Showdown - Nov 29, 2013 - 2:37:31 PM
David Dubliet and his partner Jennifer Hayes have signed
on to judge and run workshops at the
2014 Bimini Shark Showdown Photography Competition held at the Bimini Sands Resort & Marina.
Since
his first National Geographic assignment in 1971, David has journeyed
around the world to tell the story of the ocean’s most remarkable
creatures from under the ice to diving with sharks, dolphins and whales.
Countless awards and honors have been bestowed up this incredibly
talented artist and storyteller. Through his lens David conveys his
ever-present goal of connecting people with the raw and wild beauty of
the ocean...
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Local
Canadian Expert Leads Training in Bahamas on Electrical Code - Nov 26, 2013 - 3:04:49 PM
Nassau, Bahamas - Some
50 Electricians and Electrical Engineers gained invaluable information
on Tuesday during a one-day seminar on the Canadian Electrical Code Part
I, which is the electrical code adopted by The Bahamas.
Sponsored
by The Bahamas Society of Engineers and facilitated by The Bahamas
Technical and Vocational Institute (BTVI), there were numerous topics
including, but not limited to: circuit loading, grounding and bonding;
emergency generators and electrically connected life safety systems.
Former Chief Electrical Inspector for Vancouver, Canada, Ark Tsisserev,
was the main presenter to the audience, which included BTVI personnel.
Mr. Tsisserev has 25 years of experience in the field and is Committee
Chair of the Canadian Electrical Code Part I of the Canadian Standards
Association...
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Local
Plans unveiled for South Bimini Airport Expansion - Nov 22, 2013 - 2:35:00 PM
BIMINI, BAHAMAS – An
Automatic Weather Observation Station, extended runway, hangers for
private aircraft, Aerodrome markings and a lighting system for night
flights are just a few of the features that will make the new and
improved airport in South Bimini one of the best in the region. The
airport expansion and upgrade are part of Resorts World Bimini’s (RWB)
master plan of development for the island chain.
Developers
say once completed, the new airport will be second in the country only
to the Lynden Pindling International Airport in terms of modern
technology and facilities. A key feature will be an Automatic Weather
Observation Station (AWOS) which has already been installed and
certified by the Bahamas Meteorological Department. The system provides...
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Local
Bahamas Institute of Financial Services Teams With Bangor University for Specialized MBA Programme - Nov 22, 2013 - 8:33:58 AM
Nassau, Bahamas – The
Bahamas Institute of Financial Services welcomed UK’s Bangor University
last week to speak on their Chartered Banker MBA programme options that
are specially tailored to working professionals and available to be
taken on-site or online.The unique Chartered Banker MBA offers a dual
accreditation through Bangor Business School and the Chartered Institute
of Bankers in Scotland, and is the only qualification in the world to
combine the MBA with Chartered Banker status.
BIFS President,
Tanya McCartney, expresses that BIFS is “pleased to aid in promoting
Bangor University’s Chartered MBA program that is one of a kind in the
world, and offered to bankers here in the Bahamas.” McCartney, speaking
on behalf of The Bahamas Institute of Financial Services, urges...
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Local
Underwater Filming Competition and Workshop Coming to Bimini, Bahamas - Oct 14, 2013 - 10:03:56 AM
Bimini Sands and Neal
Watson’s Hammer Headquarters are proud to announce their 2014 Shark
Showdown Video Week January 25-February 01, 2014. Join underwater film
legends Howard and Michele Hall along with the GATES underwater team for
a week of sun, sand, sharks and shooting.
Bimini has been at the
forefront of shark science and shark conservation for decades with the
establishment of the world renowned Bimini Biological Field Station
(Sharklab), the world’s first Shark Free Marina and as part of the
Bahamas Shark Sanctuary. Divers have also enjoyed countless species...
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Local
Cynthia Bailey of “Real Housewives of Atlanta” speaks to BTC Divas & Dudes in Nassau - Nov 26, 2013 - 3:28:39 PM
TV Personality and
high fashion supermodel, Cynthia Bailey is in Nassau for a few days of
rest and relaxation, taking a break from the highly rated “Real
Housewives of Atlanta” that completed shooting for the year. While in
Nassau, Cynthia is scheduled to speak at a number of events for young
people including a cocktail reception with BTC’s promotional team, Divas
and Dudes.
Last
month, Carole Barnett, BTC Manager, Events and Promotions completed the
interviews for the new slate of much sought-after Divas and Dudes for
2014. The promotional team assists at all BTC sales and marketing events
and often appear in publicity photos and modelling spreads.
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Local
Leading Environmental Group demands Accountability - Nov 24, 2013 - 6:37:20 PM
Nassau, Bahamas -
Save The Bays reiterated their call for the need for mapping the oil
spill at the Clifton power plant in Nassau, based on the recent report
by Bahamas Government consultant, Simon Townend, a KPMG (Bahamas)
partner, who confirmed that BEC may have potentially massive, but as yet
unknown, environmental liabilities arising from oil spillsand other
pollution, including at the Clifton power plant.
Romauld "Romi"
Ferreira, a director of Save The Bays, has been urging the
government-run entity to see the "big picture" by mapping out the total
amount of oil lurking in ground water beneath Clifton...
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Local
Understanding BTCs Next Generation Network - Nov 21, 2013 - 1:21:58 PM
NASSAU, Bahamas -
Members of the Bahamas’ Press Corp recently toured the Bahamas
Telecommunications Company’s (BTC) hub of operations to learn about the
advancement of the ongoing nation-wide build out of its Next Generation
Network (NGN) and the current migration of BTC subscribers from the old
1970’s BaTelCo legacy network to the world-class, cutting edge NGN.
BTC’s
Senior Manager of Public Relations Jerome Sawyer conducted the tour and
a technical management team gave project updates and technical
explanations. “BTC is in the process of completing nation-wide, Next
Generation Network (NGN) single fiber technology that combines and
delivers to BTC fixed line subscribers, voice and data for phone and
internet, and soon, access to local and international television
programming...
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Local
Abaco Residents Meet to Form Organization to Stop Dredging of Mangroves by Treasure Sands Club - Nov 20, 2013 - 12:11:32 AM
TREASURE CAY, Bahamas - A group of
residents, businesses, and local officials who are concerned about the
destruction of the pristine tidal creek system near Treasure Cay Beach
expressed shock and anger over the developer’s apparent lack of due
diligence and disclosure about the scope of the development.
The
group met to form Abaco Defenders, an organization with the mission to
get a court injunction to stop the dredging and earth moving until the
developer, the Treasure Sands Club, provides comprehensive studies
revealing the scope and impact of the project on environmental,
economic, historical and safety issues surrounding the project.
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Local
Joint Press Statement: Ministry of Finance and Coalition for Responsible Taxation - Nov 19, 2013 - 11:45:15 PM
 Nassau, Bahamas - The Bahamas
Chamber of Commerce and Employers Confederation Coalition for
Responsible Taxation (the Coalition) and the Ministry of Finance (the
Ministry) met on early in November to commence discussions regarding the
issues related to the state of the fiscal affairs of The Bahamas, the
need for tax reform and expenditure management, and the various options
available to the Government in its efforts to turn the tide of fiscal
deficits and increasing debt levels.
At the meeting, consensus was arrived at on the following issues...
i. the state of the fiscal affairs of The Bahamas was at a critical stage and requires urgent attention and action;...
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Local
Deputy Prime Minister joins US Marine Corps in 238th Anniversary Ball - Nov 19, 2013 - 10:22:15 AM
Nassau, Bahamas -
Deputy Prime Minister Philip Brave Davis and Mrs. Davis joined US Charge
d’Affaires John Dinkelman and Mrs. Dinkelman in celebration of the
238th anniversary of the founding of the United States Marine Corps.
The event was held at the Sandals Royal Bahamian Spa Resort in Cable Beach.
Special guest speaker for the event
was Mr. William Gallegos, a Marine Security Guard who was assigned to
the American Embassy in Tehran, Iran. During his assignment there the
Embassy was overrun by militants...
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Local
Commonwealth Bank Bahamas to pay extraordinary dividend - Nov 19, 2013 - 2:23:09 AM
Nassau, Bahamas - Commonwealth Bank’s
6000-plus shareholders will have a little more money to spend during the
holidays this year when the Bank issues a pre-Christmas extraordinary
dividend of $.06 per share.
The extraordinary dividend pay-out is
slated for November 29 and will benefit those who purchased shares
prior to November 22. Along with regular quarterly dividends, the Bank
that shares 65% of its profits with shareholders will pay a total of
$.30 per share in fiscal 2013, nearly $30 million in value. Since the
largest Bahamian Bank went public in the year 2000 with an
oversubscribed initial public offering, it has paid consistent quarterly
dividends and in most years, at least one additional extraordinary
dividend, a combination that has helped build stock retention, bank
loyalty and share value, even during economically challenging periods.
News :
Local
IJet Charters and Tropic Ocean Airways to Launch New Abaco Service - Nov 18, 2013 - 9:14:54 PM
Abaco, The Bahamas - For those traveling to
quaint and popular Hope Town—a picturesque 18th century village just off
Great Abaco—the journey soon will be significantly shorter and more
convenient, courtesy of a new seaplane flight option announced today.
Fort
Lauderdale-based Tropic Ocean Airways, which re-instituted regular
seaplane service to the region in 2012, is partnering with IJet
Charters, also based in Fort Lauderdale, to offer direct scheduled
public charter flights to Hope Town, a popular, but often time consuming
trip for air travelers. Direct scheduled chartered flights from Fort
Lauderdale initially will be available on Fridays and Sundays...
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