||Last Updated: Apr 23, 2014 - 2:26:36 AM
Pineapple Air and Avvy Bahamas announce Partnership
- Apr 22, 2014 - 11:07:18 AM
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...
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.
“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.
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.
VAT Implementation Team relocates to Gladstone Road Freight Terminal
- Feb 19, 2014 - 3:39:52 PM
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...
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.
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.
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.
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
BTC Broadband Sales up 400%
- Feb 14, 2014 - 7:27:35 AM
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.
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.
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.
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.
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
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...
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.
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.
Foundation will invest in projects aimed at increasing and improving
access to, and enjoyment of, telecommunications technology as well as
other important civic projects.
COB Celebrating “A Legacy of Leadership” in 40th Anniversary Events
- Jan 23, 2014 - 8:30:05 PM
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.
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
President of The College Dr. Earla Carey-Baines put The College’s
development and relevance over the last four decades into perspective...
"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
B.U.T.: Illegal fingerprinting of teacher in Bahamas
- Jan 22, 2014 - 10:51:25 PM
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.
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...
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.
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...
Bahamas Ministry of Finance Launches VAT Hotline
- Jan 13, 2014 - 5:58:19 AM
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.
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.
Chamber Chief Optimistic About Eleuthera’s Economic Future
- Apr 16, 2014 - 6:11:48 PM
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
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...
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.”
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.
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.
the Christmas holiday the popular retail giant came under fire after it
– oddly enough – found itself the target of a cyber attack.
of its customers’ credit and debit card information, as well as
personal data were stolen. Now, Target is facing a string of lawsuits.