As the House of Assembly adjourns for the summer break, eight bills under the same resolution were passed yesterday, including amendments to the Insurance Act and the International Business Companies Act.
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In his contribution to the House of Assembly this week, Minister of Financial Services Ryan Pinder said that the Bahamas government has agreed that the country shall achieve compliance under the United States Foreign Accounts Tax Compliance Act (FATCA) by negotiating and entering into a Model 1 Intergovernmental Agreement (IGA) with the United States Department of the Treasury.

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FORT LAUDERDALE, Fla., August 2013 /PRNewswire/ — Horizon Power Catamarans is announcing an addition to their current offerings – now, instead of just building top of the line luxury power cats, the company is offering comfortable, exotic yacht charters to exotic locations. The Horizon PC60 luxury power catamaran, “Sea Boss” is currently booking charters in theBahamas.

“It’s an amazing opportunity for people who’ve never been aboard a power catamaran to experience a luxury yacht charter that is all inclusive,” says Richard Ford – Director of Horizon Power Catamarans. “Our new charter process appeals to two demographics; those who simply want to enjoy the exotic islands of the Bahamas on a luxury private yacht with a professional crew, and serious prospective buyers who are interested in “test driving” a full sized power cat themselves.”

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Delta Air Lines (NYSE: DAL) has announced the introduction of new Saturday seasonal services from Pittsburgh, PA, and Indianapolis, IN, to Nassau in the Bahamas.

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Investment opportunities in The Bahamas were highlighted during a reception hosted by Ambassador Dr Elliston Rahming, permanent representative to the Organization of American States (OAS), at The Bahamas Embassy in Washington, DC, last week.

Addressing the more than 100 lawyers and a cross-section of other professionals from Washington’s business community, the ambassador welcomed the guests “not only to the Bahamas Embassy, but to The Bahamas.”

The ambassador delegated responsibility for promoting investment opportunities in The Bahamas to deputy chief of mission Chet Neymour, an economist who is an expert in that area.

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The Change Facilitation Team based at the Caribbean Community (CARICOM) Secretariat has expressed satisfaction at the response by participants at the Guyana national consultations on a Five-year Strategic Plan for the trade bloc. The Strategic Plan is a critical part of the Reform process within CARICOM, which has been initiated by the Conference of Heads of Government.

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NASSAU, Bahamas, Aug. 13, 2013 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), today announced financial results for the second quarter ended June 30, 2013.

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HG Christie (HGC), the oldest full-service real estate brokerage in the Bahamas, selects Noble Mouse Inc., digital media agency headquartered in Savannah, Georgia to develop a progressive marketing campaign and enhance its existing web presence. The move will stimulate Bahamas real estate sales for the historic brand, whose principle offerings include vacation rentals, sales and property management services throughout the Bahamas island chain.

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HG Christie Ltd. (HGC), the oldest full-service real estate brokerage in the Bahamas, has been chosen to represent a portion of new luxury residential real estate opportunities for Baha Mar Resort located on popular Cable Beach and near Downtown Nassau on the island of New Providence. Baha Mar is the largest single-phase real estate development in Caribbean history and is the only project of its kind in the Western Hemisphere.

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Pharmacists from 40 countries will be attending a conference held on Paradise Island this week.
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