WASHINGTON, May 2014 /PRNewswire/ — The British Virgin Islands moved on May 22 to establish a permanent shark sanctuary in its waters.

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Leading Bahamas real estate broker HG Christie has announced the successful sale of the Big Grand Cay Archipelago Estate.

Located in the northern Bahamas, the archipelago is an ultra-exclusive chain of private islands comprising Big Grand Cay, Bakers Cay, Sandy Cay, Mermaid Cay, Rat (Seahorse) Cay, Spongers Cay, Felix Cay, an unnamed cay and three small rocks.

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This is an excerpt from SuperYachts.com as it appeared on May 27, 2014. For updates or to read the current version of this post in its entirety, please click here.

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The Ministry of Financial Services hopes to establish a “centre of excellence” in The Bahamas to help professionals in the sector hone their skills, as the country targets new markets and diversifies its product portfolio.

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Pictured: (left) IAAF President Lamine Diack addresses the opening ceremony of the inaugural IAAF World Relays Bahamas 2014, May 24, at the Thomas A Robinson National Stadium. (BIS Photo/Raymond Bethel)

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Callenders & Co has announced the appointment of civil litigator Jacqueline Banona (pictured) as partner. Banona practices in Grand Bahama.

“We are pleased to announce the appointment of Jackie Banona, who becomes the third partner in our Freeport office,” said Fred Smith, QC, managing partner, Grand Bahama.

“From the moment she joined Callenders, Jackie was an instant fit and as we got to know her better, her dedication, the depth of her intellect, her thoroughness and her ability to grasp the details of the most complex case impressed everyone.”

Banona was born in Uganda and obtained her Bachelor of Laws Degree at Makerere University in Kampala, Uganda, where she completed her post graduate Bar Course at the Law Development Centre.

Banona was admitted to practice in the High Court of Uganda in 2005 and is certified by the Supreme Court of The Bahamas to practice in The Bahamas.

On May 28, 2014, ocean-themed megaresort Atlantis Paradise Island will celebrate its 20th anniversary.

In May 1994, the signing of a Heads of Agreement for the sale of Resorts International’s Paradise Island hotel to Sun International signaled a renaissance in the Bahamian tourism product.

Inking the deal 20 years ago this month, South African hotel mogul Sir Sol Kerzner rolled out a development plan to create a themed destination that would forever change the face of Paradise Island and The Bahamas.

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US financial advisor and television host Suze Orman conducted a seminar in The Bahamas this week. Watch a ZNS Network news report here.
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Imports grew after Buckeye Partners LP’s Bahamas terminal received a March 6 ruling from the U.S. Customs and Border Protection allows gasoline components to be shipped from the Gulf Coast to The Bahamas, blended into finished gasoline and sent to the East Coast on foreign-flagged tankers. A law known as the Jones Act requires that U.S.-made fuel be shipped between domestic ports on U.S.-flagged vessels.

The Jurkalne transported 158,000 barrels of fuel to East Coast ports after leaving the Bahamas last week, according to Customs data. The Valle Azzurra brought 190,000 barrels to Perth Amboy, New Jersey, on March 14 after leaving the Bahamas.

This is an excerpt from Bloomberg as it appeared on May 22, 2014. For updates or to read the current version of this post in its entirety, please click here.

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A total of around 150 students are expected to graduate from the Baha Mar resort’s Leadership Development Institute next week after completing a 16-week course designed to prepare them for key roles in the hospitality industry.
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[Note: Any reference to stocks and its underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.]

LONDON (Alliance News) – Bahamas Petroleum Company PLC Tuesday said Chief Executive Officer Simon Potter [pictured, left] bought 1 million shares at a price of 3.72 pence per share.

Following this transaction, Potter now holds 2 million shares, which represents 0.16% stake in the firm.

The company also said, Chairman Bill Schrader [right] bought 250,000 shares at the same price, which is his only holding in the company.

This is an excerpt from Alliance News via LSE.co.uk as it appeared on May 21, 2014. For updates or to read the current version of this post in its entirety, please click here.

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