ELEUTHERA, The Bahamas, May 1, 2014 /PRNewswire/ — The Cove, Eleuthera Resort won the prestigious Development of the Year Award at the Caribbean Hotel & Resort Investment Summit (CHRIS),  held April 28-29 at the JW Marriott Marquis Hotel Miami.

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GRAND BAHAMA ISLAND (eTurboNews) – Accelerating the wheels of revitalization, Vacation Express and Bahamasair in partnership with the Grand Bahama Island Tourism Sector introduced weekly 737-400 non-stop Jet service from 8 US cities for summer 2014. Commencing May 1 through October 31, 2014, this summer program will fuel the economic engine of Grand Bahama once more, welcoming the return of major gateways in the New York tri-state and Washington DC areas with flights from Newark, NJ; Baltimore, MD; and Richmond, VA. Other gateways will include Birmingham, AL; Cincinnati, OH; Columbus, OH; Memphis, TN; and Raleigh/Durham, NC. Grand Bahama is re-entering these markets with additional air-inclusive package options, featuring the recently opened 4-Star All-Inclusive Memories Grand Bahama Beach Resort.

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NUA Insurance Agents & Brokers is looking to target up to 3,000 clients following the launch of its cyber liability insurance coverage–a product that offers businesses protection from cyber attacks and other online exposures, such as e-theft.

The company, which is the first to launch this type of coverage in The Bahamas, held its launch at the British Colonial Hilton Hotel recently where a cross section of the business and insurance community got an opportunity to learn more about the product.

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NEW YORK, April, 2014 /PRNewswire/ — Concierge Auctions recently announced that Barbara Corcoran has joined the organization as a Strategic Advisor. Corcoran, one of the most successful entrepreneurs in the country, as well as an author, speaker, and television personality, will work alongside the firm’s management team in directing the company’s brand and growth.

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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.]

NASSAU, The Bahamas, April 30, 2014 (GLOBE NEWSWIRE) — Steiner Leisure Limited (Nasdaq:STNR) today announced financial results for the first quarter ended March 31, 2014.

Steiner Leisure’s revenues for the first quarter ended March 31, 2014 increased 2.2% to $216.7 million from $212.0 million during the comparable quarter in 2013. Net income for the first quarter of 2014 was $7.4 million compared with $12.7 million for the same quarter in 2013.

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Prime Minister Perry Christie was one of the keynote speakers at the 6th Summit of the Association of Caribbean States and the 3rd Annual Mexico Caricom Summit this week.
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SAN JOSE, CA. Apr 30, 2014–(Marketwired) – RiverMeadow Software™ Inc, developer of the world’s only automated cloud onboarding and workload mobility platform developed specifically for carrier and service provider clouds, today announced a partnership with Cloud Carib, an offshore cloud service provider based in Nassau, Bahamas, to accelerate offshore cloud migrations. Under terms of the agreement, Cloud Carib will resell the RiverMeadow Cloud Migration Software as a Service (SaaS) to its customers, and the companies will work together to offer programs that will help accelerate customer cloud adoption initiatives.

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NEW YORK, April 30, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has been appointed registrar, fiscal agent, paying agent and transfer agent for the Government of the Commonwealth of The Bahamas’ $300 millionbond issuance.

“We chose to work with BNY Mellon on this transaction because of their commitment to the Caribbean region and expertise in servicing sovereign debt issuances,” said John Rolle (right), Financial Secretary of the Government of the Commonwealth of The Bahamas.

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Earlier this year, the Bahamas Financial Services Board (BFSB) hosted its annual International Business and Finance Summit (IBFS) under the theme “Bahamas Advantage: Survival of the Fittest”.

The theme speaks to the challenges faced by IFCs following the financial crisis and the necessary and fundamental adaptation required as a result.  IBFS represents what is an ongoing and conscientious effort by The Bahamas to evaluate its core strengths and embrace innovation and adaptation to carve out  new niches and advantages in wealth management, highly specialised investment vehicles and business services.

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The Bahamas Ministry of Tourism is focussed on the Tom Joyner Foundation’s Fantastic Voyage Cruise for marketing opportunities within the African American tourism market.
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