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News : New Providence Last Updated: Jan 22, 2018 - 11:01:24 AM
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News : New Providence
AML celebrates the Grand Opening of Solomon’s Yamacraw - Jan 21, 2018 - 10:47:04 PM

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AML Foods Limited officially opened its newest retail outlet Solomon’s Yamacraw. The 38,000 square-foot grocery store is located on Yamacraw Hill Road. AML invested a total of $14.5 million into the development. 

The Hon. Ellsworth Johnson, Minister of State for Legal Affairs and Member of Parliament for Yamacraw joined the company’s Board of Directors and leadership team during a ribbon cutting ceremony at the new location this morning...
News : New Providence
Warwick Silver Autumn Foundation hosts Training, Education Program in conjunction with Ministry’s Community Bahamahost Programme - Jan 15, 2018 - 9:55:33 AM

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The non-profit Warwick Silver Autumn Foundation organized its first official hospitality training and educational programme at the end of 2017 in conjunction with the Bahamas Ministry of Tourism & Aviation’s Community BahamaHost Programme and will launch its second training event on Monday, Jan. 15, 2018 at the Warwick Paradise Island - Bahamas.
 
The Foundation’s primary mandate is to provide educational programs to young adults so they can develop vocational skills related to the hospitality industry. Training is also provided in other areas vital to entering the workforce including communication skills, customer service...
News : New Providence
U.S. Embassy Closure in observance of the U.S. Martin Luther King, Jr. Holiday - Jan 12, 2018 - 11:53:23 AM

Nassau, Bahamas - The United States Embassy will be closed on Monday, January 15th, in observance of the Martin Luther King, Jr. holiday.  Please be advised that the Embassy will resume normal business operations on Tuesday, January 16th 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
U.S. Embassy Closure in observance of the Bahamian Majority Rule Day Holiday - Jan 9, 2018 - 12:42:30 PM

The United States Embassy will be closed on Wednesday, January 10th in observance of the Majority Rule Day holiday.  Please be advised that the Embassy will resume normal business operations on Thursday, January 11th 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
Let’s Get Social to refresh, rethink and reimagine social media for success - Jan 8, 2018 - 9:07:43 PM

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Social media best practices will take the spotlight for entrepreneurs and small business owners at this month’s Let’s Get Social workshop.

Let’s Get Social: Manage your business’ social media will provide invaluable knowledge and resources for participants.  Valdez K. Russell, principal of VKR Insights and event coordinator says “Get Social will empower and engage Bahamian entrepreneurs and businesses for social media success. Participants will enjoy an interactive experience to refresh, rethink and reimagine their social media strategy.”

Bahamian and international thought leaders will inspire participants to achieve greater reach and engagement through effective social media management strategies...
News : New Providence
BISX Lists The Gap Private Fund Ltd. - Jan 8, 2018 - 12:00:30 PM

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Gap Private Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. The Gap Private Fund Ltd. is an open-ended mutual fund.

Gap Private Fund Ltd. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is licensed as a Smart Fund Model SFM 007 under the Investment Funds Act, 2003...
News : New Providence
Busy Holiday Season underway at LPIA, Airport adds in terminal cheer and offers passengers top travel tips - Dec 17, 2017 - 4:05:30 PM

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It’s beginning to look and feel a lot like Christmas with officials reporting strong passenger numbers at Lynden Pindling International Airport (LPIA).

This past weekend marked the start of the busy holiday travel season at the country’s major gateway. Between Friday December 15 and Sunday December 17, an estimated 31,600 passengers moved through LPIA, heading home for the holidays or traveling to Nassau/Paradise Island to celebrate the season...
News : New Providence
WSC spreads Christmas cheer at Senior Citizens Center - Dec 12, 2017 - 10:23:20 PM

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While Christmas is traditionally a time for food, friends and family, some of our country’s elderly and most vulnerable citizens are often those who do not have holiday luxuries. With that in mind, the Water & Sewerage Corporation set out to bring holiday cheer to patients of the Yellow Elder Senior Citizens’ Center. Armed with gifts, games, Christmas carols as well as a traditional holiday meal with all the fixings, the team of WSC volunteers visited with those at the center to spread much needed Christmas cheer.

“This is a dream come true for our seniors,” said Yellow Elder Center Administrator, Veronica Hamilton. “Like everyone else, they love receiving gifts during the yuletide season...
News : New Providence
WSC ongoing water transmission main repairs on Cambridge Lane impacting customers in Central New Providence - Dec. 3rd - Dec 3, 2017 - 6:18:14 PM

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The Water and Sewerage Corporation (WSC) wishes to advise our valued customers and the general public that we experienced a major failure of our water transmission main on Cambridge Lane, off Blue Hill Road North around 6:00 AM this morning, Sunday December 03rd 2017.  WSC teams immediately responded and commenced the required repairs.  Unfortunately, the initial repair work was not successful and the teams have now commenced a more extensive repair plan.  These works are anticipated to be completed by late this evening.

This transmission main failure has resulted in low pressure and/or no water to customers in Central New Providence, bounded on the east by Village Road, south to Wulff Road and west to Nassau Street...
News : New Providence
Former Investments Minister, Chamber Chairman Khaalis Rolle to Head Sterling Global Financial’s New Arm, Sterling Global Advisors Ltd. - Dec 3, 2017 - 3:12:12 PM

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Leading real estate development financing firm Sterling Global Financial announced today it is set to launch a new advisory arm, adding a service the firm’s chairman said would bolster its strategic growth with its ability to assist clients with core services including structure, management, banking, financing, and operations.

The new company, Sterling Global Advisors Ltd., will be headed by former Bahamas Minister of Investments Khaalis Rolle, a businessman and two-term chairman of the Bahamas Chamber of Commerce and Employers’ Confederation, and follows on the heels of Sterling’s launch last year of Sterling Bank & Trust (Bahamas) Ltd...
News : New Providence
Karasi Miller Joins Flying Dutchman Team as New Director of Retail - Dec 3, 2017 - 3:01:02 PM

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Milo Butler Group of Companies today announced the appointment of Karasi Miller to the position of Director of Retail for the Flying Dutchman Liquor Store.  In her new position, Mrs. Miller will head a team of 22 and manage the day-to-day operations at the brand’s retail outlets. She will also play a key role in the company’s overall expansion strategy.  

Prior to joining Milo Butler, Mrs. Miller held positions as Merchandise Manager at Kerzner International and Assistant Manager of Retail for five franchises under the BAF Global Group.  Her educational background includes a Bachelors Degree in Fashion Merchandising from Miami International University of Art & Design...
News : New Providence
New Family Medicine LIVE WELL Clinic opens in Sandyport, one Doctor’s challenging path to success - Dec 1, 2017 - 10:57:34 AM

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When Darius Bain, M.D., D.M., opens the door of his ultra-modern Live Well Family Health Center at Sandyport on December 1, guests at the reception and clients who enter will see a smartly furnished and well-equipped facility. Youngsters will be seen in a colourful suite of their own, replete with junior-size furniture and an underwater theme. Patients waiting for their exam will find themselves smiling at the walls, fascinated by artwork that takes functions of the body and organs to a new level. 

The practice itself is expansive – a physiotherapist and occupational therapist on board, a nutritionist on call for counseling, an in-house lab with analysis capability for blood work, cell counts, cholesterol levels. EKG equipment...
News : New Providence
Courtesy call on Education Minister by Chinese Ambassador - Nov 30, 2017 - 6:43:52 PM


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The Chinese Ambassador to the Commonwealth of The Bahamas, His Excellency Haung Quiguo, paid a courtesy call on the Minister of Education, The Honorable Jeffrey Lloyd at his office on University Blvd. Accompanying the Ambassador was Ying Qu, First Secretary of the Economic & Commercial Counsellor’s Office of The Bahamas, of the People's Republic of China and  Wu Wenzhao, Attaché Economic & Commercial Counsellor's Office of the People's Republic of China to the Commonwealth of The Bahamas. Also in attendance was the Hon Michael Foulkes, M.P., Golden Gates and Chairman of the Education Loan Authority, along with Reginald Saunders, Under Secretary for the Ministry of Education...
News : New Providence
BISX Lists the Artisans of Value Fund - Nov 29, 2017 - 6:42:45 PM


The Bahamas International Securities Exchange (BISX) is pleased to announce that the Artisans of Value Ltd. (SAC) Brick1 Cell Dubai (the “Fund”) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. Artisans of Value Ltd. (SAC) Brick1 Cell Dubai (the “Fund”) is an open-ended mutual fund.

The Fund is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and registered as a Segregated Accounts Company as defined in the Segregated Accounts Companies Act, 2004...
News : New Providence
Bahamas Waste say thanks to hardworking Staff - Nov 29, 2017 - 10:56:32 AM

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It was a day of fun in the sun for the families of Bahamas Waste as the company transformed the grounds of their Gladstone Road headquarters into a massive playground complete with face painting, bouncing castles, and live music.

“One of the things we pride ourselves on is being able to give back to our employees and by extension, their families as well,” said Bahamas Waste Operations Manager, Ethelyn Davis. “Our staff has been working extremely hard this year, with lots of additional work due to the numerous storms...
News : New Providence
Airport to test emergency response in full-scale Aircraft Crash Drill on November 29 - Nov 26, 2017 - 7:34:32 PM

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On Wednesday November 29, 2017, stakeholders at Lynden Pindling International Airport (LPIA) will conduct a full-scale emergency exercise. The drill scenario will begin at 6 p.m. with a call to NAD’s Operations Center from an MD80 aircraft inbound from ‘Safe-ville’ declaring an emergency landing at LPIA.

Local and international aviation regulations require airports to establish an emergency plan commensurate with the aircraft operations and other activities conducted at the airport. Regulations also mandate that a full-scale emergency exercise should be conducted at intervals not exceeding two years to evaluate the Emergency Plan...
News : New Providence
Singularity University Establishes Local Chapter in The Bahamas - Nov 24, 2017 - 3:30:28 PM

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Singularity University (SU), a global community with a mission to educate, inspire, and empower leaders to apply exponential technologies to address humanity's grand challenges has established a local SU chapter and formal partnership in Nassau, Bahamas with leadership team members Dr. Desiree Cox, Dr. Charles Diggiss, Travis Miller, Michael Fountain Jr., Mark Palmer, Felicity Humblestone, Stanley ‘Chike’ Burnside, Llewellyn Boyer-Cartwright, Dr. Jonathan Rodgers and Victoria Sarne.

“We’re excited to support The Bahamas as an innovation hub for exponential technologies in this region of the Americas,” said Dr. Desiree Cox...
News : New Providence
PwC gives detailed technical update on International Reporting Standards (IFRS) 9, 15 &16 - Nov 21, 2017 - 8:28:43 AM

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PwC in the Bahamas gave a detailed update at BICA’s Accountant’s Week Technical Update on International Financial Reporting Standards (IFRS) 9, 15 and 16 – all of which will impact not only financial institutions but the entire landscape.

In hosting the discussion, entitled "Enhancing our technical competency in New Providence and Grand Bahama" covering IFRS 9, 15 and 16, Myra R. Lundy-Mortimer, Partner, PwC Bahamas, said “These are the common global financial reporting language with major new standards for financial instruments...
News : New Providence
LOM Financial (Bahamas) Limited opens new office building at Old Fort Bay - Nov 12, 2017 - 2:25:03 PM

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Last week, executive directors from LOM Financial (Bahamas) Limited officially opened LOM House at Old Fort Bay. The 3,708 sq. ft. building, purchased by the financial firm’s real estate arm LOM Properties Limited for $2 million, will house its corporate offices on the first floor with additional floors being rented to tenants.

The LOM Group, a publicly held company majority owned by a Bermudian family, began operations in Bermuda in 1992 and was incorporated in The Bahamas in early 2001.  The Group marked the occasion and celebration of both island cultures with a traditional Bermudian rum wetting ceremony before the official ribbon cutting followed by a colorful Bahamian Junkanoo rush out...
News : New Providence
Press Statement From Dexter Cartwright, interim CEO - Oct 20, 2017 - 11:02:49 AM

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As part of our strategic approach to transform to a more customer centric, high performing organization, we are making adjustments to how we run our business.  We are carrying out necessary network upgrades, giving more focus on training and development and improving back office support to better serve our customers.  As part of this broader program, we have adjusted our team structure and as such a few positions at BTC have been made redundant.  We reaffirm our commitment to building a more effective team structure to deliver the best products and services to The Bahamas...
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Prime Minister Minnis' remarks at Austin Technology Council/Texas Association of Business
Integrated Financial Management Information Systems (IFMIS) Strategy Workshop
AML celebrates the Grand Opening of Solomon’s Yamacraw
PM Minnis meets with families of Androsians
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