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News : New Providence Last Updated: Aug 21, 2017 - 11:34:57 PM
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News : New Providence
Mario Carey touts ‘Airbnb's potential to spur economic growth - Aug 21, 2017 - 10:24:41 PM

The Bahamas has barely scratched the surface of benefits from the short-term home rental movement fostered by companies like Airbnb, says a top real estate broker.

“Airbnb is revolutionizing the travel market enabling visitors to live in a home or apartment where they can experience local life. Airbnb’s popularity among families is especially strong. They may be able to enjoy a pool, a back yard where children can play, a patio for friends to come over for a barbeque,” said Mario Carey, Chairman, Better Homes and Gardens MCR Bahamas Group. “While it is a great business for the homeowner and a great experience for the visitor, short-term home rentals like listings on Airbnb should also be viewed as a trigger for economic growth. The potential is unlimited with the trickle down effects and now that the Bahamas Ministry of Tourism has signed an agreement with Airbnb the uncertainty about taxation, collection and referrals is resolved. That is definitely a step in the right direction that opens many more doors without burdening the homeowner with overregulation.”...
News : New Providence
Dr. Lightbourne successfully reverses symptoms of Diabetes 2 in a patient without insulin - Aug 21, 2017 - 1:26:15 PM

For patients suffering from Type-2 Diabetes, the daily prick is as predictable as the changing of the tides. But the wave of wellness that is sweeping the medical industry may just be changing the way doctors treat diabetes. And one local expert who treated hundreds of patients in emergency rooms at PMH and the private hospital in New Providence before dedicating his practice to preventative medicine and healthy lifestyles has already reversed the symptoms in a patient who is now insulin-free.

“It has been estimated that there are nearly 40,000 people living with diabetes in The Bahamas and another 30,000-plus who present with pre-diabetic conditions,” said Dr. Arlington Lightbourne, founder of the Wellness Clinic, Collins Avenue...
News : New Providence
BISX lists Oil & Gas Opportunity Lending Fund - Aug 18, 2017 - 11:15:40 AM

Nassau ,Bahamas - The Bahamas International Securities Exchange (BISX) is pleased to announce that the Oil & Gas Opportunity Lending 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 Oil & Gas Opportunity Lending Fund Ltd. is an open-ended mutual fund.

Oil & Gas Opportunity Lending Fund Ltd. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and was restructured as a Segregated Accounts Company as defined in the Segregated Accounts Companies Act, 2004.

In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are pleased to have sponsored the listing of the Oil & Gas Opportunity Lending Fund Ltd...
News : New Providence
University of The Bahamas (UB) announces several key administrative appointments - Aug 16, 2017 - 2:28:28 PM

University of The Bahamas (UB) recently announced several key administrative appointments at the Oakes Field and UB-North campuses.

Vik Nair, Ph.D. Dean, Graduate Studies and Research:University of The Bahamas (UB) announces the appointment of Dr. Vikneswaran Nair as Dean of Graduate Studies and Research, Office of the Provost...

Peter McWilliam, Ed.D. Dean of Faculty, University of The Bahamas-North :
University of The Bahamas (UB) announces the appointment of Dr. Peter McWilliam as the Dean of Faculty, UB-North, formerly Northern Bahamas Campus...
News : New Providence
ALIV launches in Bimini on Friday - Aug 16, 2017 - 4:36:01 AM

ALIV, The Bahamas’ newest mobile network, is pleased to announce the opening of a flagship store in Bimini. The official grand opening is scheduled before the for Friday, August 18th.

Chief ALIV Officer Damian Blackburn said the company remains committed to quickly delivering on its mandate to provide superior products and services in The Bahamas.

“We are excited to deliver ALIV’s world-class service to the people of Bimini, offering them the opportunity to now choose the best mobile network in The Bahamas. Our teams have been working judiciously on the island of Bimini to ensure required infrastructure is fully installed and secure key elements for a successful service launch on the island” he said...
News : New Providence
Fox Hill Day Commemoration Basketball Camp - Aug 11, 2017 - 3:34:09 PM

In recognition of national Emancipation Day/Fox Hill Day commemoration, members of the Rhode Island Rams men's basketball team with Fox Hill Urban Renewal staffers, and children and stakeholders living in the area, held a special basketball camp August 10, 2017. Photo shows group relaxing during a break. 

BIS Photo by Derek Smith, Sr....
News : New Providence
Callenders Maritime Lawyer: ‘Bahamas can regain shipping registry prominence with 2 key measures - Aug 4, 2017 - 10:16:47 AM
  A maritime attorney with a leading law firm says The Bahamas is only steps away from regaining its position as one of the world’s most respected and sought after shipping registries.

Syneisha Bootle, AA., LLB (Hons.), LLM (Dist.) maritime specialist with Callenders & Co., the country’s oldest law firm with a century-old history with shipping, said the country is poised to regain its position among the world’s fastest growing ship registries, but it must take two steps – update maritime legislation including a half century old insurance act and enact new legislation with strict enforcement provisions..... 
News : New Providence
RBC Executives pay a courtesy visit to Prime Minister Minnis - Jul 31, 2017 - 10:44:03 AM

RBC Executives, Rob Johnston Head, Caribbean Banking, and Nathaniel Beneby, Managing Director, Northern Caribbean recently paid a courtesy call to Prime Minister, Dr. Hubert Minnis on July 19, 2017.

From L to R include: RBC Executives, Nathaniel Beneby, Managing Director, Rob Johnston, Head, Caribbean Banking and Prime Minister, Dr. Hubert Minnis...
News : New Providence
Agriculture Minister Tours 2017 Cooperative Youth Entrepreneur Summer Programme - Jul 24, 2017 - 1:53:49 PM

Minister of Agriculture & Marine Resources, the Hon. Renward Wells toured the 2017 Cooperative Youth Entrepreneur Summer Programme, an initiative of the Ministry's "Youth Embracing Excellence Successfully," also known as the (YEES) Project, which was held at C.I. Gibson School, Marathon Road.  The summer programme has been an ongoing initiative in the Ministry, since 2015, and has proven itself to be popular and successful, after it was rebranded from just being referred to as "School Co-ops."
Minister Wells embraced the opportunity to meet the 35 teenagers, now eager to start their own businesses, and learn more about the micro-economic impact of local souvenir making...
News : New Providence
Atlantis takes part in World’s Largest Swimming Lesson; invites local youngsters to join in - Jul 13, 2017 - 2:18:59 PM

Atlantis, Paradise Island recently joined with top water safety and training organizations the world over to host the World’s Largest Swimming Lesson (WLSL) – a campaign to spread awareness about the importance of learning to swim, particularly where children are concerned, to help prevent drowning.

Learning to swim and how to be safe around water are truly matters of life and death for both children and adults around the world. According to the World Health Organization and the Center for Disease Control and Prevention, drowning is major public health problem worldwide and is the third leading cause of unintentional injury-related death. It is one of the top five causes of death for people aged one – 14 years old for 48 of 85 countries where drowning is tracked...
News : New Providence
Anthony Newbold steps down as Bahamas Press Club President; Anthony Capron voted in - Jul 5, 2017 - 8:14:28 PM

Veteran journalist Anthony Capron takes the gavel and is now President of The Bahamas Press Club 2014. Mr. Capron was unanimously voted in, succeeding Anthony A Newbold, who led the organization for almost three years.
Mr. Newbold officially stepped down as president during the Annual General Meeting held at the British Colonial Hilton on Tuesday, June 27, 2017. He relinquished the post following his appointment as Press Secretary in the Office of the Prime Minister on May 18, 2017; so as to avoid any conflict of interest.

Mr. Newbold thanked the executives and members for their support since the reestablishment of The Press Club in 2014. He also pledged his continued support to the further growth of the organization and encouraged members of the mass media to join...
News : New Providence
Sunryse appoints Fabian Fernander as VP of Business Development - Jul 2, 2017 - 4:04:20 PM

Sunryse Information Management today announced the appointment of Fabian Fernander to the position of Vice President of Business Development at the document management company. He joined the organization’s executive team on June 6, 2017.

Mr. Fernander brings more than a decade of experience in marketing, sales and project management to this new role. The move to Sunryse is a full circle one for the sales executive. In 2008, he joined what was then known as Sunryse Shredding Services as the company’s first Sales & Marketing Coordinator.

In 2010, Mr. Fernander left Sunryse to become the Sales & Marketing Manager for a leading retail wholesale distribution company...
News : New Providence
Commonwealth Bank's Record Year of Giving - $834,000 in Donations, More than half for hurricane relief - Jun 28, 2017 - 11:59:07 AM

Hundreds of Commonwealth Bank shareholders packed a ballroom turned meeting hall at Breezes SuperClubs on May 31st, for the bank’s annual general meeting, applauding returns that included 2016 profits of $57.4 million and voting to return the same directors who steered the bank to consecutive years of growth and above industry average success.

‘‘Your bank is an important constituent of the Bahamian economy. We are now the largest market capitalization on BISX,” said Executive Chairman William B. Sands, Jr. “But more than this, your bank has established a reputation as being an early responder to assist our fellow Bahamians in times of national crisis...
News : New Providence
Bahamas Waste Launches Social Media Competition to Recognize Garbage Technicians - Jun 23, 2017 - 1:01:25 AM

If cleanliness is indeed next to Godliness, then the hardworking garbage technicians at Bahamas Waste are closer to heaven than any of us.

Since its inception, Bahamas Waste, has made leaps and bounds in addressing key waste management needs for residents across New Providence. The foundation of that business is built upon weekly collection services from homes in various communities around the island; collections made possible by hardworking garbage techs.

“We’ve really tried to provide our customers with the best possible services” said Francisco DeCardneas, Bahamas Waste Managing Director...
News : New Providence
Dept. of Education staff under police caution - Jun 23, 2017 - 12:42:03 AM

The Department of Education categorically refutes circulating media reports about the arrest of three Ministry of Education employees, now reportedly in Police custody, involving the alleged stealing of $245,000.00.

To be clear, a staff member of the Ministry’s Performance Appraisal Unit was interviewed under caution by the police today, at the Ministry of Education headquarters on Thompson Blvd, after it was brought to the attention of the Ministry of Education by a local financial institution that a staff member was involved in the production of fake job letters for non-Ministry employees...
News : New Providence
BCA Board Calls on the Minister of Works - Jun 21, 2017 - 11:43:37 AM

On June 16, 2017, the Bahamian Contractors Association (BCA) paid a courtesy call on the new Minister of Works, the Honourable T. Desmond Bannister and members of his team.

Since 1958, the Bahamian Contractors Association has been widely considered the voice of the construction industry. The Association has made numerous contributions with its most notable achievement being the landmark, Contractors Bill which was recently passed in the House of Assembly.

Feedback from the Minister on the Contractors Bill was requested since the Bill was in the legislative process, given that it had been published in The Bahamas Government Gazette in December 2016.  BCA Chairman Leonard Sands stated...
News : New Providence
Easy Car Sales Helps BPL Go Green With 100% Electric Vehicles For Company Fleet - Jun 19, 2017 - 11:55:02 AM

Bahamas Power and Light (BPL) has become the most recent organization in the country to acquire electric vehicles (EVs) for its company fleet. The company purchased Nissan LEAFS from the local EV distributor, Easy Car Sales.  

According to Mr. Angel Abreu, Vice President of Customer Service at BPL, the company is  excited about embracing the new technology and already recognizing the benefits of switching to a greener transportation alternative...
News : New Providence
BTC CEO re-elected to Chamber Board - Jun 19, 2017 - 10:28:00 AM

BTC congratulates CEO, Mr. Leon Williams on being re-elected as a Director to the Bahamas Chamber of Commerce and Employers Confederation. This is Mr. Williams' third year serving on the Board of Directors. Mr. Williams has also represented the country for over twenty years on the board of directors for the Caribbean Association of National Telecommunications Organizations (CANTO)...
News : New Providence
New Providence Water Development Company (NPWDCo) Establishes New Home Base at Old Fort Bay - Jun 14, 2017 - 2:19:22 PM

For residents in Western New Providence, the New Providence Water Development Company (NPWDCo) has been the provider of safe, reliable water supply and wastewater services for many years. Through its service agreement with the Water & Sewerage Corporation, NPWDCo has and continues to service residents in Lyford Cay, Old Fort Bay, Mount Pleasant, Serenity and the surrounding western areas.

Over the past few months the company has been undertaking major upgrades to its facilities which are expected to not only improve the quality of the products and services it provides, but also facilitate the ease use of doing business and paying bills. The upgrades included a move from the Mount Pleasant area to new office facilities in the Old Fort Bay Town Centre – next to Custom Computers – which officially opened last week...
News : New Providence
Bahamas Striping Marks 7th Year With Launch of Scholarship Fund and Small Biz Investment Company - Jun 14, 2017 - 11:01:10 AM

From a $5,000 government grant to a multimillion dollar, multilayered company, Bahamas Striping celebrated its seventh anniversary in grand style over the weekend launching not only a new scholarship program but also a million dollar investment fund for the next generation of Bahamian entrepreneurs.
Prime Minister Hubert Minnis, deputy prime minister, Peter Turnquest and other parliamentarians were amongst a select gathering of invited guests attending Saturday’s event held on the grounds of the company’s Abundant Life Road headquarters...
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