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News : New Providence Last Updated: Dec 13, 2017 - 11:35:18 AM
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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...
News : New Providence
BIFS highlights more than 150 at Annual Award Ceremony - Oct 18, 2017 - 10:43:47 AM

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More than 150 financial professionals received accolades for their accomplishments at the 41st Bahamas Institute of Financial Services (BIFS) Annual Awards Ceremony at The Balmoral Club on Saturday September 30, 2017.

Overall, 162 awardees were awarded for completion of programmes including: formally-structured programmes and professional certification programmes...
News : New Providence
Nassau Pan-hellenic Council to honour outstanding members at Bahamas Greek Hall of Fame Ceremony - Oct 12, 2017 - 11:18:26 AM

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The President, Officers and Members of the Nassau, Bahamas Pan-Hellenic Council, the local Council of the nine historically black fraternities and sororities, would like to announce the selection of two individuals who will be inducted into the Bahamas Greek Hall of Fame for 2017. The primary purpose of the Bahamas Greek Hall of Fame is to recognize Bahamian Fraternity or Sorority members for outstanding contributions made to the development of Greek Life in The Bahamas...
News : New Providence
BISX Trading Notice: Commonwealth Bank Limited - Oct 6, 2017 - 11:59:22 PM

The Bahamas International Securities Exchange Limited (BISX) wishes to notify the public that the common shares of Commonwealth Bank Limited (CBL) will begin trading on the Exchange on a 3-to-1 split adjusted basis on Friday, 6 October 2017 at 10:00 am.

CBL closed trading on Thursday, 5 October 2017 with a price of $11.50, and had 98,422,852 shares listed, therefore the amended stock and pricing information is as follows...
News : New Providence
U.S. Embassy Closure in observance of the Bahamas’ National Heroes Day and the U.S. Columbus Day Holiday - Oct 6, 2017 - 10:31:17 AM

The United States Embassy will be closed on Monday, October 9th in observance of The Bahamas’ National Heroes Day and the U.S. Columbus Day Holiday.  Please be advised that the Embassy will resume normal business operations on Tuesday, October 10th 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
Dedication of newly-refurbished Stephen Dillet Primary School - Oct 3, 2017 - 3:30:56 PM

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Minister of Education, Science and Technology, the Hon. Jeffrey Lloyd gave the keynote address on Monday at the Dedication of newly-refurbished Stephen Dillet Primary School.  Addressing students, parents, administrators, teachers, other staff of Stephen Dillet Primary School, and senior Ministry of Education officials, Minister Lloyd said $4 million was spent on the refurbishment which took place from June 1 to October 1, 2017. Thirty general classrooms, two pre-school classrooms, a Tuck Shop...
News : New Providence
Bahamian Brewery & Presidente Beer Bottle Cap Contest to send Bahamians to International Concert - Oct 1, 2017 - 7:24:06 PM

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In just two weeks, fourteen Bahamian music enthusiasts will be chosen to enjoy one of the biggest music festivals in the region, all courtesy of the Presidente Caribbean and their distributors, Bahamian Brewery & Beverage Company Ltd (BBB). Following the successful launch of the Bahamas leg of the Presidente Music Vibes Tour, the two companies have joined forces to usher in a in a brand-new contest which will give lucky locals the opportunity to win an all-expense paid trip to the Dominican Republic.

“The Presidente Music Tour is a music platform that unites Caribbean Rhythms,” said Presidente Sales & Marketing Manager Manny Bartolo. “With each Presidente you drink here in The Bahamas, you can get closer to enjoying the biggest musical event in the Caribbean. When you purchase a beer, look UNDER THE CAP, and find the code that will enter you to win!"...
News : New Providence
WSC Disappointed In Release of Customer Private Information - Sep 25, 2017 - 12:36:34 PM

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Nassau, New Providence –   The Water and Sewerage Corporation (WSC) was disappointed to see the headlines in today’s papers, detailing the alleged outstanding bills of its customers.  This list was neither officially nor formally released by the corporation and WSC will not comment on the integrity of the information nor on their clients’ accounts publically.

“We take very seriously the release of customers’ information to the public,” said General Manager of Water and Sewerage Corporation, Glen Laville “Those responsible for illegal disclosure of private records to the media will be dealt with severely once found. This action does not reflect the values of our organization or our commitment to our clients....
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