The Bahamas Investor

...buying their dream holiday home. According to figures from MOTA, there are 300 second homes in the island chain and over 10,000 visitors arrived in 2008. “The Berry Islands have become a popular destination for international visitors throughout the year, with the winter months drawing a larger crowd of second-home residents,” says Outten. “The islands boast a significant number from North America and Europe, with many of them owning their own air......

...cal home contractors who’ve built houses.” Chesapeake, which is a middle-income housing project, is now complete and Heritage, an entry-level affordable housing project, is now moving into its second phase, as is another development called Lincoln Green. Torode notes proudly that the Ministry of Housing has already filled in excess of 100 homes. “We’ve also generated over $30 million worth of construction contracts for local contractors, so it’s h......

...the marketing. That pioneer model in the personal computer market kept the Commodore company going for many years, and it also enabled Kit Spencer to adopt a lifestyle that many would envy. Retired in his early 40s, Spencer decided to move with his wife to The Bahamas, becoming a permanent resident and orchestrating a complete lifestyle change that includes golf and tennis at least three times a week, hobnobbing with movers and shakers, a breathta......

...China International Trust & Investment Corporation), China’s largest commercial conglomerate, is looking at developing a logistics center in Freeport. “What they would do in Freeport is build a major exposition centre–a nine-million-sq-ft trade exhibition complex and commodities distribution centre worth several hundred million–that will manufacture and assemble Chinese products for distribution in the western hemisphere,” says Francis. “Most of t......

...ent and real estate prices have skyrocketed in Great Exuma in recent years, so while there may be Bahamians interested in moving south, there is little affordable housing available to them. In response, some local and foreign investors are beginning to develop middle-income communities to accommodate the inevitable population surge. In the meantime, locals and foreign investors continue to work together to develop Great Exuma, acutely aware that a......

...built in the 1980s, Gensterblum said. In a prepared statement, Governor Damian Roderic Todd, said the Turks and Caicos Islands have benefited from Aqua-Chem technology for more than two decades. The plant means continued growth of the company into overseas markets, Gensterblum said. In March, Aqua-Chem signed a deal to make water purification equipment for the oil and gas industry in Brazil. “Sixty five percent of our commercial business will be o......

...on well has been completed Bahamas Environmental, Scientific and Technical Commission comments received on earlier Environment Impact Assessment (“EIA”) submission and incorporated into Company work plans Detailed sea bottom and near seabed geologic survey completed and results being incorporated into Environmental Management Plan and drilling plan Joined Clean Caribbean and Americas Association, which places significant amount of equipment at Com......

...e GFS Deficit next year will reach $443 million or 5.1 per cent of GDP, as compared to the estimated outcome of 6.1 per cent of GDP this year. The central components of the medium-term plan, in respect of Recurrent and Capital Expenditure and Recurrent Revenue, will continue to engage beyond 2013/14. As I stated in the Mid-Year Budget Statement, we will continue to exert discipline on Recurrent and Capital Expenditure such that the levels of both......

...eparations for the event says that 60 years is a tremendous milestone to accomplish. An estimated 65 boats are expected to compete. About $300,000 is being spent on facilitating the regatta. The government is a major sponsor together with a number of corporate entities and business people. “We have been able to meet our budget for this year. A number of our sponsors remained with us even though this has been a very difficult time financially throu......

...Carnival Cruise Lines Corp and Plc will be investing $300 million to enhance the emergency power capabilities of its ships, new fire safety technology, and conduct other upgrades across its entire fleet.......

...ill present a challenge to all businesses in The Bahamas as Baha Mar nears completion. While efforts are already underway by various stakeholders to prepare for this, additional emphasis must be placed on education and training to minimize the impact and create opportunities for young Bahamians and upgrading of the skills of our existing workforce.” At the meeting, members were provided with BHA’s 2011 Activity Report, which outlined the range of......

...e that when the millions of cruise ship passengers and land-based tourists come into this new Market they will compare it favourably with markets in the Caribbean, Mexico, Latin America and other markets around the world. Let them say that this new Straw Market in Nassau is the best in terms of the quality and creativity of products, hospitality and service, cleanliness and good order. To help facilitate the opening of this historic facility, I as......

...d on beautiful Windward Beach, within the gated popular residential resort community of Treasure Cay, Abaco, Bahamas. This well maintained, owner occupied home, features 2,500 square feet under roof, plus an additional 1,300 square feet of open patios and balconies and offers an impressive 100 feet of powdery white sandy beach frontage on the Sea of Abaco. “Windward Palms” is strategically situated on a tropical landscaped, elevated parcel of appr......

...an, who in most cases sat as a member of the board. Although the number of committees could vary annually, standing committees’ responsibilities ranged from the development of training programmes to overseeing the annual Chamber Week and business awards ceremony. The chamber also established special committees that were dissolved once their task was completed. Merger benefits “Fundamentally, I think this [new organization] gives us economies of sc......

...to 200 ft Paradise Harbour Club & Marina: 23 slips, full-service marina, accommodating yachts up to 200 ft Nassau Harbour Club Marina: 67 slips, accommodating yachts up to 150 ft Hurricane Hole Marina: 90-slip, full-service marina accommodating yachts over 200 ft in length Know your yachts Yacht: Sleek, stylish, refined, these vessels tend to be around 39 ft. Superyacht:?Twice as large as standard yachts, features include spiral staircases, salons......