The Ministry of Tourism and the Ministry of Health in collaboration with the Caribbean Integrated Public Health Agency (CARPHA) are excited to launch the Tourism Health and Safety Program (THP) to protect the health and well-being of visitors and locals.

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Cellular mobile network operator and service provider NewCo has appointed Damian Blackburn (pictured) as CEO and Barry Williams as CFO.

The Utilities Regulation and Competition Authority recently awarded the cellular mobile network operator and service provider two licences lasting until 29 June 2031.

Cable Bahamas Ltd (CBL) will have a 48.25 per cent shareholding in NewCo as well as board and management control.

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NASSAU, Bahamas–(BUSINESS WIRE)–Bahamas-based GlobalNexus Ltd. (GlobalNexus) has announced its entry into the telecommunications market to improve business efficiency in The Bahamas and throughout the Caribbean. The move will seamlessly connect the region to the rest of the world.

GlobalNexus, a privately held corporation headquartered in Nassau, is launching at a time when the need for reliable, fast and affordable Internet, voice, WAN (wide area networking) and other cloud services has never been higher. The company is currently operating in The Bahamas and offers Internet, voice and cloud-enabled networking and it expects further expansion in international services.

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Minister of Financial Services Hope Strachan led a delegation from the Ministry to the Society of Trust and Estate Practitioners (STEP) Global Congress June 30-July 1, 2016 in Amsterdam, Holland.

The Ministry of Financial Services was a silver sponsor of the event.

CEO and executive director of The Bahamas Financial Services Board (BFSB), Tanya McCartney was also in attendance at the Congress.

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British Airways has landed its first direct B-777 flight from Heathrow to Nassau. There will be four weekly flights to Nassau.
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In early June 2016, the Utilities Regulation and Competition Authority (URCA) received notification from the Minister that it should proceed with the licensing of a new cellular mobile network operator and service provider, NewCo2015 Ltd (NewCo).

Cable Bahamas Ltd (CBL), as the successful applicant under the RFP process, will have a 48.25 per cent shareholding in NewCo as well as board and management control. A special purpose holding company set up by and currently wholly owned by the Government of The Bahamas, HoldingCo2015 Ltd (HoldingCo), will own the remaining 51.75 per cent of the shares of NewCo.

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NASSAU, The Bahamas – The Government of The Bahamas and the Inter-American Development Bank (IDB) jointly organized a seminar on “Innovation, Transparency and Service Delivery.” Keynoting the seminar today, the Prime Minister of the Bahamas, Rt. Hon. Perry Christie, emphasized that: “Given the harsh economic climate, we cannot afford the luxury of not maintaining tight control of the management of the peoples’ funds. More critically, we must be able to account for how that money is spent, so that all can understand what it was spent on, why the vendor was chosen and the expected benefits to be gained from that allocation.”

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Commonwealth Bank shareholders unanimously elected former KPMG Senior Partner Tracy Knowles to the Board of Directors during the bank’s annual general meeting June 1.

Knowles is a Fellow of the Institute of Chartered Accountants in England & Wales and member of the Bahamas Institute of Chartered Accountants. In his capacity as head of KPMG, Knowles had more than four decades of experience advising governments and industry on businesses and markets ranging from financial services to consumer markets, including hospitality, utility, government, manufacturing and real estate. His role in managing the business message particularly around utilities can be said to have affected every Bahamian and resident in the nation.

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