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Last Updated: Feb 6, 2012 - 10:01:29 PM
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Bahamas: Monthly Economic and Financial Developments, December 2011 - Feb 6, 2012 - 9:55:49 PM
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.
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EARTHCARE and the Sustainable EcoTourism Committee celebrate World Wetlands Day - Feb 2, 2012 - 11:03:13 PM
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...
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BTC Restoration to Mangrove Cay Andros Complete - Feb 1, 2012 - 1:07:19 PM
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..."
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(Video) Bahamas Coral Reef Dying because of Megadevelopment Golf Course - Jan 25, 2012 - 8:06:37 PM
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...
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Friends of the Environment hold Abaco Science Alliance Conference - Jan 25, 2012 - 11:47:36 AM
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...
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Nick Damianos Joins the Haute Living Real Estate Network - Jan 25, 2012 - 9:54:18 AM
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...
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Are you the next BIG STAR? - Dec 13, 2011 - 9:44:49 AM
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
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.
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BTC 4G Optimization progressing “satisfactorily” - Jan 17, 2012 - 2:10:23 PM
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...
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Arawak Cay Port Development road show gains momentum - Jan 16, 2012 - 4:22:49 PM
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...
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Bahamas Petroleum Company reports on Pearl 3D seismic survey - Jan 16, 2012 - 1:52:43 PM
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...
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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...
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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,
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Straight Talk - No Chaser delivers candid opinions on relationship - Jan 5, 2012 - 10:21:11 PM
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...
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(Video) New Year's update from the Bahamas Pharmacy Council - Jan 4, 2012 - 4:04:38 PM
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...
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Chris "Kazi" Rolle brings "Straight Talk. No Chaser" to The Bahamas - Dec 23, 2011 - 7:13:33 AM
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...
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Local Merchants Cash in with MasterCard Rewards - Dec 21, 2011 - 2:26:04 PM
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...
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Model Garrecka Johnson to walk New York Fashion Week - Dec 20, 2011 - 4:11:55 PM
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...
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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...
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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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