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News & Press - Oct 8/24

 

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US official in Nassau for bilateral talks

Acting Assistant Secretary of State for Western Hemisphere Affairs Mari Carmen Aponte (pictured, stock photo) will travel to Nassau, The Bahamas, October 27–28, to assess hurricane recovery efforts and meet with senior government officials on a range of bilateral and regional issues. 

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US Department of State
Thursday, October 27, 2016
Wednesday, February 1, 2017

Acting Assistant Secretary of State for Western Hemisphere Affairs Mari Carmen Aponte will travel to Nassau, The Bahamas, October 27–28, to assess hurricane recovery efforts and meet with senior government officials on a range of bilateral and regional issues.

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Bahamas hosts cultural festival – photos

The 21st Annual International Cultural Wine and Food Festival was held in Nassau last weekend attracting large crowds. Pictured (left): A Canadian at the 21st Annual International Cultural Wine&Food Festival October 22-23, 2016. (BIS Photo/Derek Smith)

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TheBahamasInvestor.com
Wednesday, October 26, 2016
Wednesday, February 1, 2017

Minister of Foreign Affairs and Immigration Fred Mitchell officially opened the 21st Annual International Cultural Wine and Food Festival last weekend.

Part of the proceeds of the festival will aid those affected by Hurricane Matthew.

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Izmirlian pursues offer

BMD Holdings Ltd yesterday reported that it had sent a letter 24 October to President Liu Liange of The Export-Import Bank of China regarding its proposal to buy The Baha Mar Resort from Perfect Luck Holding Ltd. 

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TheBahamasInvestor.com
Wednesday, October 26, 2016
Wednesday, February 1, 2017

BMD Holdings Ltd yesterday reported that it sent the following letter to President Liu Liange of The Export-Import Bank of China (“CEXIM”) on the 24 October regarding the fact it has not received a response to its proposal to buy The Baha Mar resort from CEXIM’s Perfect Luck Holding Ltd.

The letter is as follows and is verbatim:

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China Construction America donates funds to organizations looking to revitalize downtown Nassau. Watch a ZNS Network news report here. 

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ZNS News
Wednesday, October 26, 2016
Wednesday, October 26, 2016

Continue to see videoChina Construction America donates funds to organizations looking to revitalize downtown Nassau. Watch a ZNS Network news report here.
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Director general of tourism Joy Jibrilu was among Ministry of Tourism officials distributing donated food and other supplies to the hurricane hit regions of Grand Bahama. Watch an interview with Jibrilu here. 

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Tourism Today
Tuesday, October 25, 2016
Wednesday, February 1, 2017

Continue to see videoDirector general of tourism Joy Jibrilu was among Ministry of Tourism officials distributing donated food and other supplies to the hurricane hit regions of Grand Bahama.
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Deltec gives $25k to relief efforts

Deltec Bank & Trust Ltd has donated $25,000 to the National Emergency Management Agency towards Hurricane Matthew relief and recovery efforts. Pictured: (from left) Captain Stephen Russell, director, NEMA; Jean Chalopin, Deltec Bank; Shane Gibson, Minister Responsible for Recovery and Reconstruction; and Jack Thompson, permanent secretary. (Photo courtesy NEMA)

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TheBahamasInvestor.com
Tuesday, October 25, 2016
Wednesday, February 1, 2017

Deltec Bank & Trust Ltd has donated $25,000 to the National Emergency Management Agency towards Hurricane Matthew relief and recovery efforts.

Local bank donates $500k to relief efforts

The Salvation Army became the third relief organization to receive a substantial donation from Commonwealth Bank with a $50,000 contribution to Hurricane Matthew disaster recovery. 

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TheBahamasInvestor.com
Tuesday, October 25, 2016
Wednesday, February 1, 2017

The Salvation Army became the third relief organization to receive a substantial donation from Commonwealth Bank with a $50,000 contribution to Hurricane Matthew disaster recovery.

The all-Bahamian bank’s donations following the Category 4 storm now reach nearly $500,000 including donations of $100,000 each to NEMA and the Bahamas Red Cross along with assistance to staff and extended terms for loan repayments for those impacted.

Diplomatic Week in photos

Members of the diplomatic community attended the third Bahamas Diplomatic Week held under the theme, Strengthening Relationships for a More Secure and Prosperous Bahamas, at Melia Nassau Beach Resort. View a selection of the photos here. 

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TheBahamasInvestor.com
Monday, October 24, 2016
Wednesday, February 1, 2017

Members of the diplomatic community attended Opening Ceremony of the third Bahamas Diplomatic Week, October 17, 2016 held under the theme, ‘Strengthening Relationships for a More Secure and Prosperous Bahamas’ at Melia Nassau Beach Resort.

Prime Minister and Minister of Finance Perry Christie gave the keynote address.

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Bahamas-based Sterling Global Financial, a real-estate based financial services wealth management firm, has announced that its New Providence Income Fund is now the Sterling Mortgage Income Fund. 

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TheBahamasInvestor.com
Monday, October 24, 2016
Wednesday, February 1, 2017

Sterling-Global-FinancialBahamas-based Sterling Global Financial, a real-estate based financial services wealth management firm with more than $9 billion under administration, announced it has officially renamed its flagship mortgage income fund.

“New Providence Income Fund (NPIF) is now the Sterling Mortgage Income Fund (SMIF), reflecting its expanded portfolio, reach of investments, operations and growth,” said Sterling Global Financial chairman and chief executive officer David Kosoy.

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Buckeye Partners, LP (NYSE:BPL), which owns an oil storage and transshipment facility on Grand Bahama, has announced that significant progress has been made to safely restore operations in the wake of Hurricane Matthew. 

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Buckeye Partners, L.P.
Friday, October 21, 2016
Wednesday, February 1, 2017

Buckeye PartnersHOUSTON, Oct. 20, 2016 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) announced today that significant progress has been made to safely restore operations in the wake of Hurricane Matthew.

Buckeye Bahamas Hub has restored service to its marine operations with four berths available and minimal operational restrictions. The company expects the four remaining berths to be available by the end of October. Buckeye Bahamas Hub confirms there were no injuries or significant release of product as a result of the storm.

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