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News : New Providence Last Updated: Dec 16, 2018 - 5:24:06 PM
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News : New Providence
Non Profit Bill to be revamped, Senate Debate delayed until 2019 - Dec 16, 2018 - 4:58:57 PM

In a meeting between Civil Society Bahamas (CSB) and the Attorney General, The Honorable Carl Bethel, QC on 15 December 2018, the Attorney General stated that it was his intention for the Non-Profit Organisations Bill, 2018 to be revised and rescaled to more moderate regulation of the sector, in order to comply with the FATF. The Attorney General also expressed his intention to continue to review the Bill for opportunities to minimise damage to the capacity of this important sector. To allow for further drafting, the Bill is now expected to be debated in The Senate in January 2019...
News : New Providence
Local Celebrities Lend Talent to Marathon Bahamas Commercial - Dec 12, 2018 - 2:42:43 PM

What do you get when an award-winning filmmaker, a blogger, two talk show hosts, and a popular DJ get together? One of the hottest Marathon Bahamas TV commercials ever.  

Some of the biggest names on the local scene have come together to lend their talents to Sunshine Insurance Marathon Bahamas. 

Director for the commercial and filmmaker, Lavado Stubbs, is back for the third time, working with the organization. Stubbs, whose company...
News : New Providence
Proposed Developer urges Bahamians to launch their Dream Businesses - Dec 12, 2018 - 11:41:51 AM

There comes a point when a would-be entrepreneur must create his or her own opportunity and not wait for one, according to Valentino Munroe who has built two businesses, the computer store Onit Systems and the Jumbey Café restaurant.

“What have you been conditioned to believe you are incapable of doing? The biggest obstacle we all have to face is ourselves. Whatever you’re hearing in your mind, whatever that voice is saying that is not your voice...
News : New Providence
Investment Executive Albert Rex Appointed to Sterling Mortgage Income Fund - Dec 11, 2018 - 11:44:05 AM

Sterling Global Financial, an award-winning financial services provider with more than US$9 billion in assets under administration and management, announced the appointment today of finance and equity executive Albert G. Rex to its Sterling Mortgage Income Fund Board of Directors.

“Albert Rex brings a wealth of experience almost unmatched in his range of expertise,” said David Kosoy, Chairman of the Board. “Over the past 40 years, he has steered more than $15 billion in financing and equity solutions to commercial real estate developers and owners...
News : New Providence
NAD Manager Jonathan Hanna wins 1st ‘Young Airport Professional’ ACI-LAC Award - Nov 29, 2018 - 12:59:42 PM

This fall, Airports Council International Latin American-Caribbean (ACI-LCA) announced Jonathan Hanna, Manager of Airport Solutions at Nassau Airport Development Company (NAD) as the first recipient of its Young Airport Professional award. On Tuesday, November 13th, Hanna attended the ACI-LAC Annual Assembly in Miami, FL where he accepted the award recognizing outstanding young talent in the airport and aviation industry.  

ACI Latin-America Caribbean represents the interests of the airport operators from the Latin American and the Caribbean Region...
News : New Providence
EY Bahamas Ltd. Congratulates New CPAs - Nov 26, 2018 - 10:06:14 PM

EY Bahamas Ltd. is proud to announce that two professionals in its office recently passed their exams to qualify as Certified Public Accountants (CPAs). Ashley Darville and Fieasha Johnson are thrilled to begin their work as CPAs with the firm, and join a select group of young Bahamians who are employed with the firm and continue to excel and advance in their careers both locally and abroad.

“For all of us, passing the CPA exam is a testament to the hard work you’ve put in, and the dedication you have for the future,”  Michele Thompson, Managing Partner, EY Bahamas Ltd., within the EY Region of The Bahamas, Bermuda...
News : New Providence
“BTC creates happy moments for customers on Black Friday” - Nov 23, 2018 - 12:01:17 PM

From as early as 4am, scores of customers were queued up while many more provided a steady stream of shoppers throughout the day at the BTC Southwest Plaza Location to take advantage of special in-store Black Friday offers. Most were taking advantage of the opportunity to make early Christmas gift purchases for friends and loved ones.

CEO, Garry Sinclair said, “We were once again overwhelmed by the response to our Black Friday offers nationwide. Our ‘moment matchmakers’ (the BTC sales team) gladly helped with creating happy moments for our customers...
News : New Providence
Consolidated Water responds to Quarterly Report "Misinterpretation" - Nov 12, 2018 - 10:32:35 AM
Consolidated Water (Bahamas) Ltd., a subsidiary of Consolidated Water Co. Ltd. (the "Company") (Nasdaq Global Select Market: CWCO), a leading developer and operator of seawater desalination plants, clarified a recent news report that may have led the Bahamian public to believe their water supply in New Providence would be interrupted due to the non-payment of water invoices of $16.1M by the Water & Sewerage Corporation (WSC).

“We view The Tribune’s article on Friday 9 November as inflammatory,” said Rick McTaggart, President of Consolidated Water (Bahamas) Ltd...
News : New Providence
U.S. Embassy Closure in observance of the U.S. Veterans Day Holiday - Nov 9, 2018 - 10:57:56 AM

The United States Embassy will be closed on Monday, November 12th in observance of the U.S. Veterans Day holiday. Please be advised that the Embassy will resume normal business operations on Tuesday, November 13th at 8:00 a.m.

For any emergencies involving U.S. citizens, please contact the U.S. Citizens Services Unit of the U.S. Embassy’s Consular Section via telephone: 242-322-1181...

News : New Providence
CIBC Trust Employee secures a win in the Financial Services Awards - Nov 8, 2018 - 8:45:31 PM

CIBC Trust Company (Bahamas) Limited emerged tops in the recently held annual Financial Services Industry Excellence Awards with one of two employees nominated taking away the top award in her category.

Norma T. Major, Director Operations, Finance & Client Accounting, won Mentor of the Year and Taryn Turnquest, Trust Administrator, was nominated in the Achiever of the Year category.

Managing Director Perry A. Rolle said it was an easy decision to nominate the two stars...
News : New Providence
Veteran Journalist on Grand Bahama selected to participate in U.S. State Department Exchange - Nov 1, 2018 - 4:05:51 PM

U.S. Embassy Nassau is pleased to announce that Ms. Nathalee Martinborough, Deputy News Director of the Broadcasting Corporation of The Bahamas, ZNS Northern Service has been selected to participate in the U.S. Department of State’s International Visitor Leadership Program (IVLP). The program runs October 27-November 17, 2018 in the United States.

A core policy of U.S. foreign policy is to encourage a free and responsible press that allows a well-informed citizenry to hold governments and institutions accountable.  The program will examine the history...
News : New Providence
Press Club launches online poll to vote for People’s Choice Award - Nov 1, 2018 - 9:20:13 AM

On Saturday, November 10, 2018, The Bahamas Press Club will host its industry Awards Ceremony at the British Colonial Hilton in Black Tie fashion as it Celebrates 45 Years of Bahamian Media 1973-2018.

This would be The Club’s fourth installment of recognizing the work and importance of the local media and honouring those who paved the way for us to enjoy the freedom that we do...
News : New Providence
Veteran Financier Wants to Know Your Business - Oct 30, 2018 - 12:28:09 PM

If you have an interest in learning what makes a business successful, you may want to take a look at Jim Wilson’s job description as a Vice President of Corporate Finance at Royal Fidelity.

 “One of the key roles of Corporate Finance, and the one that occupies most of my time, is primarily two-fold. It’s first about finding companies that may already be suitable as an investment but also about recognising companies that could be suitable for investment...
News : New Providence
Nathaniel Beneby Joins Doctors Hospital Board - Oct 29, 2018 - 12:37:18 PM

Doctors Hospital has announced that banking executive Nathaniel Beneby has been appointed to the company’s Board of Directors.

Beneby, who serves as Managing Director of RBC Royal Bank (Bahamas) Ltd brings a wealth of knowledge and experience to the Board with a Bachelor of Science in Business Administration and an MBA from California Coast University. He is also a Fellow of the Bahamas Institute of Financial Services...
News : New Providence
U.S. Embassy 4th Annual EducationUSA College Fair a Success - Oct 25, 2018 - 12:19:32 PM

The United States Embassy sponsored the 4th annual EducationUSA College Fair on Saturday, October 20th at the Melia Nassau Beach Resort. This year’s fair included representatives from over 40 U.S. colleges and universities. The one-day event attracted over 1,800 students from Nassau and the family islands along with their parents eager to learn about higher education opportunities available in the United States. The U.S. Embassy also held informative presentations providing step-by-step instructions about the student visa application process...
News : New Providence
UB Academic Senate Elects Chairman and Secretary - Oct 7, 2018 - 2:50:56 PM

Assistant Professor of Business, Ms. Bernadette Robins, and Associate Professor and Assistant Vice President of Academic Affairs, Dr. Maria Oriakhi, have been elected Chairman and Secretary respectively of the Academic Senate of University of The Bahamas (UB).

A key organ of shared governance, UB’s Academic Senate is subject to the powers of the Board of Trustees, the academic authority of the institution. It comprises representation from among faculty, staff, students and administrators...
News : New Providence
Doctors Hospital launches country's most advanced MRI technology - Oct 5, 2018 - 9:50:26 AM

Doctors Hospital today announced that patients and physicians now have access to the country’s first-ever digital broadband Magnetic Resonance Imaging system: the Ingenia 3.0T from Philips Healthcare.

This revolutionary machine is designed to quickly perform high-quality MR scans with a high level of patient comfort. Ingenia 3.0T can significantly reduce the patient’s exam time and has a wide opening to accommodate patients of varying size, age, and physical condition...
News : New Providence
Sterling Bank & Trust Limited Appoints Todd M.J. Beneby as Managing Director - Oct 3, 2018 - 10:52:44 AM

Sterling Bank & Trust Limited, an affiliate of Sterling Global Financial, today announced the appointment of Todd M.J. Beneby as the Bank’s Managing Director. Mr. Beneby will be responsible for formulating the Bank’s overall direction, identifying strategic initiatives and leading policy development in the areas of standards, compliance and customer care.

“We are pleased to announce the appointment of Todd Beneby as Managing Director of Sterling Bank & Trust as the bank enjoys unprecedented opportunity for expansion in its core arenas of property development financing and wealth management,” said David Kosoy, Chairman and CEO.
News : New Providence
National Advisory Council encourages public engagement on Local Government - Oct 3, 2018 - 7:34:17 AM

The National Advisory Council on Local Government for New Providence has been taking their consultation process to the nation during the month of September to encourage widespread engagement from residents in New Providence and the nation at large. The large volume of radio calls and texts messages coupled with a dramatic increase in engagements on committee’s social media pages is evidence of the tremendous level of public interest that exists and denotes further that the Committee's efforts are proving fruitful.

Council Members Ed Fields and Acting Director of Local Government, Brenda Colebrook kicked off the last week of radio appearances by taking their message to the thousands of listeners who tune in to the nationally syndicated ZNS show...
News : New Providence
David Slatter, a Royal Fidelity Cornerstone - Sep 4, 2018 - 5:26:04 PM

Michael Anderson, the president of Royal Fidelity Merchant Bank and Trust considers the company’s recent milestone anniversary of twenty years to be a, ‘good start’. And now, with the prerequisite celebratory party behind him, he and his investment management team are keen to make the next 20 years just as meaningful, starting with new products and services and proposed Caribbean expansion plans beyond the present footprint in The Bahamas and Barbados.

David Slatter, Assistant Vice President and responsible for Royal Fidelity‘s Investment Management services, is one of Royal Fidelity’s cornerstones and is proud of the firms continuing progress...
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