In the framework of the ACP Fish Program II, funded by the European Union , the Department of Marine Resources of The Bahamas will work on the development of a New Fisheries Act.

A first step in this process is to organize a series of town meeting throughout The Bahamas to get the public’s input on the matter. The series of community meetings began in the capital on May 22 and will continue until the end of the current month.

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Celebrity wedding planner and television show host Samantha Goldberg adds star power to the region’s push to promote destination weddings. Watch an interview with Goldberg here.
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John Ritchie (left) and primary school student Ava Watkins (right) hoist the flag at a special ceremony on Long Island June 11, 2013, assisted by representatives of the Royal Bahamas Defence Force and the Royal Bahamas Police Force. (Photo/BIS)

On the second leg of its national tour, the national flag commemorating the 40th Anniversary of Independence landed on Deadman’s Cay, Long Island, June 11.

The flag was transported by the air division of the Royal Bahamas Defence Force.

The flag was hoisted on the grounds of Deadman’s Cay airport.

The flag hoisted there was the same flag that replaced the Union Jack on July 10, 1973 at Clifford Park.

Chester Fox, deputy councillor and Sharon Cartwright, South Town chairperson brought brief remarks and the crowd was entertained by the Mangrove Bush Primary School May Pole Dancers.

NEW YORK, June 12, 2013 /PRNewswire/ — Morgans Hotel Group Co. (NASDAQ: MHGC) (“Morgans” or the “Company”) today issued a letter to shareholders in connection with its 2013 Annual Shareholder Meeting scheduled to be held on June 14, 2013.  The text of the June 12 letter follows:

Dear Morgans Hotel Group Shareholder:
We have previously mailed you our proxy materials for Morgans’ upcoming 2013 Annual Shareholder Meeting to be held onFriday, June 14, 2013.  Given the critical importance of the meeting, we urge shareholders to vote the WHITE proxy card for Morgans’ Board slate, which is best positioned to execute a sale of the Company and maximize value for all shareholders.

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Water & Sewerage Corp has signed a deal reportedly worth $7.5 million with mega-resort Baha Mar to supply potable water and design and construct a water treatment plant. Watch a ZNS Network news report here.
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Sharmie Farrington-Austin. (BIS Photo/Gena Gibbs)

The Ministry of Finance has confirmed the appointment of Sharmie Farrington-Austin as the new Data Protection Commissioner of The Bahamas.

The attorney-at-Law, with 23 years experience in legal, regulatory, administrative and human resources issues, is responsible for the administration and enforcement of the provisions of the Data Protection (Privacy of Information) Act, which provides The Bahamas with the necessary data protection legislation that is recognized by the international community.

The duties of the new Data Commissioner will also include investigation of any contraventions of the legislation, and the provision of information to the public about the legislation.

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Water and Sewerage Corp announced June 10 the signing of a water and wastewater services agreement with mega-resort Baha Mar and agreed a contract for the construction of a 1 million gallon per day wastewater treatment plant off Gladstone Road.

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Ambassador Elliston Rahming, The Bahamas’ Washington, DC-based permanent representative to the Organization of American States (OAS), chaired the opening session of the 43rd General Assembly of OAS in Antigua, Guatemala on June 5.

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NASSAU, Bahamas, June 10, 2013 (GLOBENEWSWIRE) — Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced today the closing of its previously announced sale of $200 million in aggregate principal amount of its 8.875% First Preferred Ship Mortgage Notes due 2021 (the “Notes”). The Notes and related guarantees are secured by the stock of certain of the Company’s subsidiaries and by first preferred mortgages on vessels owned by certain of its subsidiaries. The Notes were issued at par and sold in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain other persons outside of the United States in reliance on Regulation S under the Securities Act. The Company received gross proceeds of $200 million from the offering.

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Commonwealth Brewery executives have credited increased beer sales, broader retail appeal through store upgrades and greater operating efficiencies for driving net earnings up by $5 million year on year.

The report was presented during the company’s annual general meeting (AGM) June 4 at the British Colonial Hilton, Nassau.

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