Here follows the opening address by Prime Minister Perry Christie at the 9th Annual Exuma Business Outlook conference held at Sandals Emerald Bay, 22 October:

Ladies and gentlemen, good morning.

I am delighted to be in Exuma today to address this 9th Annual Exuma Business Outlook and to congratulate the organizer for again mounting this commendable forum.

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Supreme Court of The Bahamas Justice Ian Winder has granted approval to the Baha Mar joint provisional liquidators’ request to make redundant approximately 2,000 employees, effective October 23.

The joint provisional liquidators, Bahamas-based KRyS Global and UK-based AlixPartners, said the lay-offs were due to the financial insolvency of the $3.5 billion resort project that has been stalled since June 29.

The lay-offs affect approximately 1,440 non-active employees and approximately 580 active employees, including members of management and line staff.

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The Cellular Liberalization Task Force has announced that Cable Bahamas Ltd (CBL) is the successful applicant in the mobile spectrum auction. This means that CBL is the only bidder to advance to the final pre-conditions for licencing for the country’s second mobile cellular network.

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NASSAU, THE BAHAMAS, October 2015 /EINPresswire.com/ — The Bahamas Ministry of Tourism is pleased to announce the launch of the new “Life is Grand” advertising campaign. The campaign highlights the ecological riches, natural wonders, exhilarating adventures and vibrant culture that make life grand on Grand Bahama Island.

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The Bahamas Financial Services Board (BFSB) and the Association of International Banks and Trust Companies in The Bahamas (AIBT) have joined forces to raise funds to assist the many Bahamians in the southern Bahamas who were left homeless or without any possessions in the wake of Hurricane Joaquin.

The country’s two major financial services organizations hope to raise thousands of dollars to help victims of the powerful storm which hovered over the southern Bahamas for almost two days and are now with almost $40,000 raised toward that goal.

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World Travel Awards has landed in the Bahamas ahead of the Caribbean & North America Gala Ceremony 2015.

The ceremony is scheduled for this Saturday, October 17th, with hundreds of industry leaders expected to attend the event at Sandals Emerald Bay.

Final preparations are now underway at the resort, with hosts Andrew Kennedy and Anastagia Pierre set to star.

Entertainment on the night will be provided by Bahamian cultural institution The Crusaders Junkanoo Group, while a time honoured performance from The Royal Bahamas Police Force Pop Band will also wow guests.

This is an excerpt from Breaking Travel News as it appeared on October 16, 2015. For updates or to read the current version of this post in its entirety, please click here.

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Miami, FL – October 13, 2015 – Cantor & Webb will work with Markit | CTI Tax Solutions to expand its offerings related to the classification and compliance with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

This will enable broader representation for existing as well as new clients who need to comply with unprecedented levels of regulatory initiatives which are designed to promote tax transparency.

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Here follows remarks by Minister of Financial Services Hope Strachan at a industry practitioners’ meeting held in the British Colonial Hotel October 13:

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Edmund Rahming of KryS Global and Alastair Beveridge and Nick Cropper of AlixPartners, the joint provisional liquidators (JPLs) to the BahaMar resort development, this week held constructive all party talks with the development’s key stakeholder groups.

Chaired by the JPLs the talks brought together representatives from the government of The Bahamas, financial sponsors Export-Import Bank of China, construction company CCA Bahamas Ltd and parent company, China State Construction Engineering Corp Ltd, and the resort’s founder and investor, Sarkis Izmirlian.

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The second Monday in October is now observed as National Heroes Day, to honour figures in Bahamian history that have helped shape the nation and improve its fortunes. The team at thebahamasinvestor.com would like to wish all our readers a happy and restful long weekend. Thank you for your continued support in helping us promote The Bahamas as a premier destination in which to live, work and invest. Posts will resume as normal October 13.