The Bahamas Weekly    
News : Local Last Updated: Feb 6, 2012 - 10:01:29 PM
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News : Local
Bahamas: Monthly Economic and Financial Developments, December 2011 - Feb 6, 2012 - 9:55:49 PM

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Nassau - (Feb. 6, 2012)  - Indications are that the domestic economy maintained a positive, although mild, growth momentum, during the month of December. More favourable foreign investment activity, alongside ongoing public sector infrastructure projects, buoyed construction output and the tourism sector benefitted from stronger seasonal hotel earnings. The central Government’s overall deficit contracted over the first five months of FY2011/12, occasioned by an increase in revenues and a marginal decline in expenditures. In the monetary sector, liquidity and external reserves rose modestly, supported by net foreign currency inflows arising partly from foreign investment and Government’s financing activities.
News : Local
EARTHCARE and the Sustainable EcoTourism Committee celebrate World Wetlands Day - Feb 2, 2012 - 11:03:13 PM
 
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Freeport, Bahamas - World Wetlands Day is February 2nd.  EARTHCARE and the Sustainable/EcoTourism Committee in conjunction with the Ministry of Tourism has information on wetlands and their importance available at the Post Office in Freeport, Grand Bahama on February 2nd .

For the kids there will be Flip Books to build.  The theme for 2012 is “Wetland Tourism:  A Great Experience, Responsible tourism supports wetlands and people”.  Gail Woon, representative from EARTHCARE said, “We are pleased to be able to provide information to the public on wetlands because the Bahamas is a signatory to the RAMSAR Convention which is devoted to...

News : Local
BTC Restoration to Mangrove Cay Andros Complete - Feb 1, 2012 - 1:07:19 PM

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BTC announced today that the disruption in telephone services that had been affecting the residents of Mangrove Cay for the greater part of a week is resolved and that all services are back to normal.

The outage, affecting both voice and internet services, was occasioned by a faulty network element.

“We apologize for this extended outage and all of the very real inconveniences it caused to the residents of Mangrove Cay.  We recognize and accept as well that we could have done a better job of communicating the situation to the residents of Mangrove Cay, so for that as well, let me..."

News : Local
(Video) Bahamas Coral Reef Dying because of Megadevelopment Golf Course - Jan 25, 2012 - 8:06:37 PM

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U.S. Scientists confirm that reef on Great Guana Cay is sick and dying due to fertilizer seeping from shoreline golf course built by Discovery land company at Bakers Bay

GREAT GUANA CAY, Bahamas , U.S. marine biologists reported at the Abaco Science Alliance conference this month that reef-killing fertilizers are seeping from a controversial, shoreline golf megadevelopment on Great Guana Cay, and are causing coral disease and reef-smothering algae blooms on one of the Bahamas’ most pristine coral reefs  

Scientists in January 2012 surveyed the reefs on Great Guana Cay, and confirmed residents’ worst nightmare:  coral diseases and algae had risen...

News : Local
Friends of the Environment hold Abaco Science Alliance Conference - Jan 25, 2012 - 11:47:36 AM

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The Abaco Science Alliance Conference (ASAC), started by Friends of the Environment (FRIENDS) in 2004, was designed as a biennial forum for sharing research being conducted in The Bahamas and to help bridge the gap between scientists and the community. Thanks to ASAC, data about The Bahamas is now more accessible to everyone, including students.

This year, ASAC, held on January 5-7 at New Vision Ministries in Marsh Harbour, combined a variety of talks and research posters. The conference attracted 187 students from 7 high schools and 2 primary schools, as well as 80 adults. The Cable Cares Foundation and JS Johnson provided funding to allow local students to attend the conference free of charge...
News : Local
Nick Damianos Joins the Haute Living Real Estate Network - Jan 25, 2012 - 9:54:18 AM

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Nassau, Bahamas - Nick Damianos, a prominent real estate agent in the Nassau market, has joined the prestigious Haute Living Real Estate Network. This exclusive circle of leading real estate agents is invited to bring opulent estates and luxury properties to Haute Living readers. Damianos is an expert in working with international buyers who have never purchased property in the Bahamas before. He has sold a wide range of properties including waterfront homes, private islands, vacation homes and condos. Haute Living Magazine will feature Damianos as an exclusive Haute Living Real Estate professional...

News : Local
Are you the next BIG STAR? - Dec 13, 2011 - 9:44:49 AM

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Miss Plus and Beautiful now screening potential contestants via Facebook.com  

Today’s Bahamian Woman is represented by the beauty of face, body and soul and that comes in  varying sizes, the event organizers of the first Miss Plus and Beautiful Pageant is extending and invitation to all those beautiful Bahamian woman who have the desire and confidence to strut the stage, showcase her intelligence and high level of confidence.  

The contestants vying for the title of Miss Plus and Beautiful exemplify all that is best in today’s modern Bahamian woman. Miss Plus and Beautiful...

Entertainment
Wild and Scenic Film Festival Coming to Abaco - Jan 22, 2012 - 11:32:20 PM

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ABACO, Bahamas - The internationally acclaimed traveling Wild and Scenic Film Festival will make three stops in Abaco: Marsh Harbour, Hope Town and Treasure Cay on January 28th. Hosted locally by Friends of the Environment the Film Festival is designed around environmental and adventure films that illustrate the Earth’s beauty, the challenges facing our planet and the work communities are doing to protect the environment. Through these films, Wild & Scenic both informs people about the state of the world and inspires them to take action.
News : Local
BTC 4G Optimization progressing “satisfactorily” - Jan 17, 2012 - 2:10:23 PM

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Nassau, Bahamas - BTC officials today indicated their “satisfaction” with the progress of the 4G cell site optimization exercise currently underway in New Providence and Grand Bahama following the December launch of the new network.

“We appreciate that some of our customers have been frustrated with the dropped calls and call failures on parts of the new network as we have been going through the optimization”, noted BTC spokesperson Marlon Johnson...
News : Local
Arawak Cay Port Development road show gains momentum - Jan 16, 2012 - 4:22:49 PM

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Arawak Cay Port Development Ltd. (APD) kicked off its road show this past week holding investor meetings in New Providence and Grand Bahama which garnered an enthusiastic response from hundreds of Bahamians who came to seek more information about APD’s historic initial public share offering (IPO). The meetings began with overflow crowds at the Harry C. Moore Library in Nassau and then travelled to Freeport and Eight Mile Rock, Grand Bahama, where APD executive management and placement agents also provided an overview of APD and its landmark IPO.
      
Mike Maura Jr. APD’s CEO  explained that by moving shipping operations away from Bay St., the $83 million redevelopment of the existing Arawak Cay Port into the  Nassau Container Port (NCP) and the creation of...
News : Local
Bahamas Petroleum Company reports on Pearl 3D seismic survey - Jan 16, 2012 - 1:52:43 PM

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Bahamas Petroleum Corporation is pleased to announce the initial processing of the Pearl 3D seismic survey has been completed. Data quality is excellent and data volumes have been received in both time and depth. Detailed interpretation is now underway and will form the basis for well location selection, well design and planning.

Processing at this initial stage has been completed with 4 millisecond sampling and 3 tomographic velocity iterations. Further processing will be carried out during 1Q early 2Q, along with more detailed analysis and interpretation refined for specific targets, mapping of seismic facies...

News : Local
AML Foods Limited Announces Refinancing of Preference Shares - Jan 7, 2012 - 4:24:56 PM

AML Foods Limited announced today that it has entered into agreements with its preference shareholders to restructure its preference share debt. Under the terms of the restructuring, the maturity date of the preference shares has been extended from December 2015 to December 2022 and the interest rate has been reduced from 8.0% to 7.25%. The new agreement is effective January 1st, 2012.

In addition to the restructuring of its existing debt, AML Foods Limited has issued a further $4.28m of Class B preference shares, under the revised terms. The funds will be used primarily to finance the Company’s new franchise, Carl’s Jr...
News : Local
AML Foods Limited Partners with CKE Restaurants Inc. To Bring The Carl’s Jr. Brand To The Bahamas - Jan 7, 2012 - 12:52:21 PM

Nassau, Bahamas -  AML Foods Limited is proud to announce that it has entered into a definitive development agreement with CKE Restaurants, Inc. to bring the Carl’s Jr. franchise to The Bahamas. Under the agreement the Company will develop a number of restaurants over the next five years, the first of which is expected to open later in 2012.


“Carl’s Jr. is a well established west coast favorite providing premium food and customer service for more than 70 years,” says Gavin Watchorn, President and CEO of AML Foods Limited. “Carl’s Jr. offers a premium positioning and best in class products, services and facilities which were very appealing to us. We know the brand will resonate with Bahamians,
News : Local
Straight Talk - No Chaser delivers candid opinions on relationship - Jan 5, 2012 - 10:21:11 PM

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Nassau, Bahamas - NO APOLOGIES were made for the raw thoughts that the all-male panel expressed during Straight Talk: No Chaser on December 29th at the Sheraton Beach Resort.

Brought to Nassau by Together Apart— a relationship company based in New York— and Phat Groove Entertainment, and hosted by Chris ‘Kazi’ Rolle and Leah Rose, the event consisted of four rounds as the panel boldly faced a crowd mainly composed of women to give a male view on common concerns in relationships including: communication, cheating, lying, and what...
News : Local
(Video) New Year's update from the Bahamas Pharmacy Council - Jan 4, 2012 - 4:04:38 PM

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Eradication of illicit and illegal pharmacy practices is to be an immediate focus of the Board

Nassau, Bahamas - I am grateful to serve at this pivotal and exciting time in the profession of pharmacy and to lead the pharmacy regulatory body. The past year was filled with new horizons for our profession. The Bahamas won the bid to host the 2013 Commonwealth Pharmacist conference (CPA) and The Caribbean Association of Pharmacist (CAP) where some 60 countries’ pharmacists will assemble on our shores. Several Bahamians were elected to serve in leading offices in both CAP and CPA. A Bahamian student at the University of the West Indies was the recipient of highest GPA award this past year. 14 Bahamians will graduate and obtain their degrees in pharmacy from UWI and by so doing, will increase the number of pharmacists in country considerably. Upgrade in technology in the public sector is taking place...
News : Local
Chris "Kazi" Rolle brings "Straight Talk. No Chaser" to The Bahamas - Dec 23, 2011 - 7:13:33 AM

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An all-male-panel for an all-female-audience

New York based relationship company, Together Apart and Phat Groove Entertainment of The Bahamas present  "Straight Talk. No Chaser" in Nassau on Thursday, December 29th, 2011 at the Sheraton Nassau Beach Resort.  Come join the conversation as an all-male-panel engage an all-female-audience in a raw and uncensored conversation about what is on the heart and minds of men.

Headlining the event is Together Apart's founder, Chris 'Kazi' Rolle, a relationship expert, media personality and the star of Bruce Willis and Queen Latifah's feature-length documentary film, "The Hip Hop Project" which has been featured on VH1, CNN and  The Oprah Winfrey Show...
News : Local
Local Merchants Cash in with MasterCard Rewards - Dec 21, 2011 - 2:26:04 PM

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Nassau, Bahamas - Four local businesses -- a restaurant and three luxury retailers -- recently came up winners in the MasterCard-Ministry of Tourism “Find Your Way” initiative, walking away with an early Christmas present of cash from the international credit and debit card company for being number one in the increase of MasterCard sales volume for the month. The awards are part of the "Find Your Way" program providing participating merchants the opportunity to offer cardholders exclusive benefits and offers.

The most recent winners were Kafe Kalik restaurant at Lynden Pindling...
News : Local
Model Garrecka Johnson to walk New York Fashion Week - Dec 20, 2011 - 4:11:55 PM

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Nassau, Bahamas - OilinSha’s Top model Garrecka Johnson whom has been signed with OilinSha’s Models & Talent Management from the year 2009 has been booked for the March 2012 New York Fashion Week where she will display designer fashions for their winter collections. The designers will hail from Miami Florida, New York, Europe and China.

Garrecka was a contestant in the 2009 Supermodel of the Bahamas Model Search and became the 2009 representative.  

CEO/Founder, Mr. Oilin Sha Coakley says he is excited for his model and is confident that the Bahamas will be represented well by her...

News : Local
21st Annual Bahamas Business Outlook Speakers Announced - Dec 14, 2011 - 3:15:20 PM

The agenda for the 21st Annual Bahamas Business Outlook (BBO), with the theme “Vision Beyond Sight: How Ready is The Bahamas to do 21st Century Business?” has been announced. The one-day conference will be held on January 12, 2012, at the Wyndham Nassau Resort and features presentations by eleven professionals, each considered experts in their respective fields.

“Once again, BBO has organized an impressive and dynamic lineup of speakers, from legal and finance experts, to musicians, to insurance and government personnel. “says Joan Albury, The Counsellors Limited president, and BBO chief organizer...
News : Local
Police Requesting Public Help in Locating Armed Robbery Suspects - Dec 13, 2011 - 9:23:36 AM

Nassau, Bahamas - Police are requesting the public’s assistance in locating two (2) men responsible for an armed robbery. The incident reportedly occurred shortly after 11:00 pm on Monday 12th December, 2011.

Initial police reports indicate that two (2) masked men both of whom were allegedly armed with handguns entered the Sunshine Washhouse, Joe Farrington Road and demanded cash.

The culprits reportedly robbed the establishment of an undetermined amount of cash and fled the area on a red and white 650 trail motorbike. Police are investigating and are appealing to members of the public who may have any
information regarding this or any other incident to contact police...
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