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News : Local Last Updated: Apr 23, 2014 - 2:26:36 AM
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News : Local
Pineapple Air and Avvy Bahamas announce Partnership - Apr 22, 2014 - 11:07:18 AM

Nassau, Bahamas – Locally owned Pineapple Air announced today that it has partnered with Bahamian musician, Avvy Bahamas, effective May 1st, 2014. A press conference was held this morning at The Sir Lynden Pindling International Airport to discuss the benefits of this partnership.

By partnering with Avvy Bahamas, Pineapple Air expects to revamp its brand and widen its customer base between Nassau, Bahamas and Eleuthera, Bahamas.

As of May 1st Pineapple Air will announce their "Sweet Deals" between Nassau and Eleuthera...

News : Local
Bahamas FATCA Agreement Reached - Apr 18, 2014 - 12:04:04 PM

The Ministry of Financial Services is pleased to advise that the Cabinet of The Bahamas approved, in principle, the Model 1 Agreement between the Government of The Bahamas and the Government of the United States to implement FATCA following a productive round of negotiations with the United States Treasury Department on 8th April, 2014.  The Ministry has conveyed this approval in principle to the United States Treasury Department, who will now deem The Bahamas as having an agreement “in effect”, thereby allowing Bahamian financial institutions to register on the IRS FATCA Portal as Model 1 Participating Financial Institutions.
News : Local
“Sochi Under the Sun”: Olympians, NHL players and hotel guests host mini-Olympics - Feb 20, 2014 - 12:11:53 AM

GREAT EXUMA, The Bahamas – Grand Isle Resort & Spa and The Bahamas shared an unusual world first last week when professional hockey players, decorated Olympians and hotel guests faced off in a road hockey game on the tiny island of Farmer’s Cay.  

As part of the resort event 'Sochi Under the Sun', running February 9 - 23, the group landed on the tiny island to find sticks, nets, hockey pads and a field set up on the air strip. The 60-acre land, with a population of just 27 Bahamians, became the site of a rousing and competitive game just meters from the turquoise ocean. 

News : Local
VAT Implementation Team relocates to Gladstone Road Freight Terminal - Feb 19, 2014 - 3:39:52 PM

The Value Added Tax (VAT) Implementation Team has announced its relocation to the Gladstone Road Freight Terminal, Nassau, effective immediately. Please note that the new telephone number is 242-461-8050.

The VAT hotline number remains the same, 225-7280, and may be phoned without incurring long distance charges from anywhere in The Bahamas.

For more information on VAT, please go to...
News : Local
Lightbourne: IMF Did Not Force The Bahamas into VAT - Feb 18, 2014 - 12:20:38 PM

Nassau, Bahamas - The country's decision to implement VAT was not as a result of the International Monetary Fund (IMF) holding a gun to the head of The Bahamas government; Ministry of Finance Consultant Ishmael Lightbourne told dozens of people gathered at the Ministry of Finance's VAT information forum at Evangelistic Temple recently.

Lightbourne pointed out that The Bahamas' debt has skyrocketed over the past 20 years and Value Added Tax (VAT) is simply one of the many remedies needed to get the economy back on track.
News : Local
BTC Launches 4G LTE cellular network - Feb 16, 2014 - 4:15:14 PM

Nassau, New Providence  -  Bahamas Telecommunications Company (BTC) has launched 4G LTE (LongTerm Evolution) on New Providence, Grand Bahama, Abaco and Eleuthera with other islands to be networked-in over the ensuing months. The cellular network super star officially went ‘live’ at a celebratory launch in Nassau’s Pompey Square on Thursday evening February 13th.

Government guest of honour, the Honourable Dr. Bernard Nottage Minister of National Security gave the address. He related the history of the first cellular network in The Bahamas via BaTelCo and congratulated Geoff Houston and all the BTC staff on the momentous occasion of the new, faster 4G LTE mobile voice and data network. He flipped a switch on an electric display panel to mark the official launch. BTC CEO Geoff Houston spoke at the launch
News : Local
BTC Broadband Sales up 400% - Feb 14, 2014 - 7:27:35 AM

Competitive pricing on BTC’s Broadband, Internet and Landline telephone home communication package has boosted the product’s sales levels by 400%.

Odette Carey BTC Product Manager – Broadband, Landline, IP TV, Business Solutions, gave some insight into why sales have seen such a significant increase this current fiscal year.

“I feel the main driver is the fact that increasingly, people are recognizing that BTC provides the better-value, more affordable total communication package. There is no doubt that BTC has the package price advantage over Cable Bahamas for Broadband, Internet and Landline services whether for home or office,” said the product manager.
News : Local
Bahamas government verifies validity of Bank of the Bahamas (BOB) - Feb 10, 2014 - 12:42:19 PM

Nassau, Bahamas - The following is a press statement by the Prime Minister and Minister of Finance, the Rt. Hon. Perry Christie:

The Government of The Bahamas, as the 65% majority owner of the Bank of The Bahamas, stands fully behind the Bank and assures its customers and the general public that their money is safe and secure. There is absolutely no reason for any fear or concern on that score. The Bank is sound and solid. The Bank has consistently received unqualified audit reports from its external auditors and like all other banks is closely regulated by the Central Bank of The Bahamas to ensure conformity with regulatory requirements and international standards and practices.
News : Local
College of The Bahamas President Finalists Announced - Jan 24, 2014 - 4:00:23 PM

The Council of The College of The Bahamas has invited the following Bahamian candidates to visit The College of The Bahamas, including Oakes Field, Grosvenor Close and the Northern Bahamas campuses in February 2014, when members of the College community will have the opportunity to meet them.

The four candidates are: Gregory Carey, Ph.D.; Phillip Carey, Ph.D.; Olivia Saunders, D.B.A.; Rodney Smith, Ed.D.
News : Local
Kenred Dorsett on DEHS Employee Demonstrations - Jan 24, 2014 - 12:10:46 PM

Nassau, Bahamas - Enclosed is a statement from Minister Kenred Dorsett addressing the DEHS employee demonstrations:

I have spent the past few days out of the country attending a conference on renewable energy. Upon my return to Nassau this afternoon, I was advised of demonstrations being held in Downtown Nassau by employees of the Department of Environmental Health Services (DEHS). I immediately reached out to union president Mr. John Pinder on the matter. He confirmed that he was told I was out of the country and conveyed to me the concerns of the workers...

The Bahamian people should note that I have met with the employees of the DEHS and their union representatives on several occasions since assuming this office inclusive of a general staff meeting...
News : Local
Brave Davis: The Evolution of Financial Services in The Bahamas: A Fit Survivor - Jan 23, 2014 - 11:38:09 PM

EXUMA, Bahamas - The following presentation was made by the Hon. Philip Davis, M.P., Acting Prime Minister on the occasion of the Opening Dinner of the BFSB International Business and Finance Summit at Georgetown, Exuma, on 23rd January, 2014:

Exuma has seen a re-population from its diaspora and other Bahamians to take advantage of the economic opportunities throughout this island.  We are proud of the calibre of the investors which we have attracted to Exuma and we hope that their real estate investments will, if they have not already done so, translate into financial services and other commercial business in the near future... 
News : Local
CWC and Government of The Bahamas reach agreement to create BTC Foundation for Bahamians - Jan 23, 2014 - 8:54:23 PM

Cable & Wireless Communications (CWC) announces it has reached an agreement with the Government of The Bahamas to establish a charitable foundation dedicated to investing in projects for the benefit of Bahamians.

The new body, to be named the BTC Foundation, will be created by the Government and funded by a 2% shareholding of BTC, contributed by CWC.

The Foundation will invest in projects aimed at increasing and improving access to, and enjoyment of, telecommunications technology as well as other important civic projects.

News : Local
COB Celebrating “A Legacy of Leadership” in 40th Anniversary Events - Jan 23, 2014 - 8:30:05 PM

Nassau, BAHAMAS – “A Legacy of Leadership” is The College of The Bahamas’ theme for a year of events dedicated to celebrating its 40th anniversary as one of the country’s most strategic institutions.

The College was created by an Act of Parliament in October, 1974. A calendar of national events will engage faculty, staff, students, alumni and the public in various endeavours, from the first annual Homecoming and Flamingo Ball to the recognition of 40 outstanding alumni and COB Pride Day and T-Shirt Day observance.

Acting President of The College Dr. Earla Carey-Baines put The College’s development and relevance over the last four decades into perspective...

News : Local
"Bahamas Union of Teachers cries shame on the Director of Education" - Jan 23, 2014 - 10:57:51 AM

The Bahamas Union of Teachers cries shame on the Director of Education who stated that finger printing is a part of the "Vetting process" and it is a requirement from the Police.
(1) Teachers are NOT employed by the Police force
(2) The Police does not have any authority to request finger prints from any employees of the Ministry of Education
(3) The finger printing was INSTIGATED and REQUESTED by the Department of Education and not the police
News : Local
B.U.T.: Illegal fingerprinting of teacher in Bahamas - Jan 22, 2014 - 10:51:25 PM

The Bahamas Union of Teachers is very concerned about the instructions given to EXPATRIATE TEACHERS to be finger printed.  For the past two (2) weeks the President of the union has been in communication with the Ministry and Department of Education, Ministry and Department of Labour, Department of Public Service about this matter, all to no avail. The expatriate teachers jobs are being threatened if they do not provide finger prints, these prints is costing them $100.00 each.

Today, the Principal of C R Walker Ms Trevor Mckay went to the extreme and loaded all expat teachers from her school onto a bus and had them transported them to Criminal Detective Unit to be fingerprinted.  This is against the law, the Employment Act 2001, and when President...
News : Local
BTVI to Facilitate Maintenance Course in Berry Islands - Jan 22, 2014 - 8:14:02 PM

A group of 20 young men are about to benefit from a 16-week General Maintenance course as The Bahamas Technical and Vocational Institute (BTVI) spreads its wings to the Berry Islands.The ninth through 12thexposed to the fundamentals of carpentry, plumbing, tiling and electrical installation. The course will be conducted each Friday evening and Saturday, spanning a 10-hour period per weekend.

Principal, Brian Williams recognized a dearth of technical subjects at the school and thought it important to work in conjunction with BTVI. “We’re trying to do so much here, but manpower is limited. The youth are excited and we’re excited to enter this partnership with BTVI,” he said.BTVI previously conducted the same course in Harbour Island, Cat Island, Andros and Exuma. Some distance learning is involved as a few parts of the theory will be delivered by BTVI instructors via Skype...

News : Local
Bahamas Ministry of Finance Launches VAT Hotline - Jan 13, 2014 - 5:58:19 AM

The Ministry of Finance announced today it has launched a hotline with experts standing by to answer questions about the proposed Value Added Tax system set to go into effect July 1.

The hotline number is 225-7280. It is staffed between 9 am and 5 pm daily Monday-Friday. The VIBE line is toll-free throughout The Bahamas.

“Since we launched the number two days ago without a lot of fanfare in the testing stage, we have had very interesting calls reflecting that people understand change is needed, but they just want more information,” said Financial Secretary John Rolle. “What we have heard so far is evidence that the greatest need for information is on the part of the consumer as businesses have made it a point of learning as much as they can to date.
News : Local
Chamber Chief Optimistic About Eleuthera’s Economic Future - Apr 16, 2014 - 6:11:48 PM

NASSAU, Bahamas – Eleuthera Chamber of Commerce President Thomas Sands Jr. is expressing “great hope and optimism” for Eleuthera – an island that has essentially been in a recession for more than 30 years.

Mr. Sands, who is just one of several speakers slated to address the 2nd Annual Eleuthera Business Outlook (EBO) on April 24, noted that Eleuthera has had its challenges over the years.

He said the island was in a recession for three decades with “a moment of blip on the heart monitor” between 2004 and 2007 before the Great Recession hit...

News : Local
Eleuthera Business Outlook Set For April 24 - Apr 16, 2014 - 4:19:42 PM

The second annual Eleuthera Business Outlook, the newest of the multi-island series, has been set for April 24 at Cape Eleuthera Resort and Marina, South Eleuthera with Prime Minister Perry Christie as keynoter speaking to the theme “Charting a Course for Growth in Eleuthera.”

“The theme for all our Business Outlook forums this year has been basically the same—a focus on stimulating economic growth after what seemed to be an entrenched recession, which slowed or put growth on hold in a number of areas,” said Joan Albury, President of TCL Group and chief organiser of the Business Outlook Series.

News : Local
Insurance Company to Launch Cyber Liability Product - Apr 16, 2014 - 4:12:23 PM

Insurance Company To Launch Cyber Liability Product
NUA Insurance Agents & Brokers To Offer Coverage Beginning April 24

NASSAU, Bahamas – If it could happen to Target, it could happen to you.
Over the Christmas holiday the popular retail giant came under fire after it – oddly enough – found itself the target of a cyber attack.

Millions of its customers’ credit and debit card information, as well as personal data were stolen. Now, Target is facing a string of lawsuits.
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