The Bahamas Investor

...types of services resort operators are called upon to offer, ranging from state-of-the-art conference room technology to specialized cuisine and engaging activities. The diversity offered by group travel makes it “very, very different” from other forms of tourism such as cruising and individually booked hotel packages, says James Malcolm, executive director of group travel for the Bahamas Ministry of Tourism (MOT). “We’re very excited about the g......

...Resilience. scotterill@dupuch.com Finance Ministers from the Commonwealth nations pose for a group photograph in Washington DC on September 21, 2011. State Minister for Finance Zhivargo Laing is pictured front row on the left.......

...andle change, said Munroe, a 1998 recipient of the Queen’s Birthday Honors of the Order of The British Empire (OBE) Award bestowed by Her Majesty Queen Elizabeth, for his spiritual and social contributions to the national development of The Bahamas. According to Munroe, winning is a bi-product of intentional persistance. “A loser is a winner who quits. There are no losers in life, only quitters.” Conversely, a winner is a loser who did not quit. “......

...aribbean which will be disbursed through the IDB, Zhivargo Laing, Minister of State in the Ministry of Finance, said March 21. These funds will be used to contract and pay individual experts or consulting firms needed to help put in place a comprehensive new business support framework for SMEs. Minister of State in the Ministry of Finance Zhivargo Laing (left) and IDB Bahamas representative Astrid Wynter exchange agreements on SME development. (Cl......

...transformation of the Lynden Pindling International Airport (LPIA) into a state-of-the-art facility last night, welcoming hundreds of Bahamians to the new Domestic Departures & Arrivals, and International Departures Terminal. “Now that we have completed the construction stage of this redevelopment, the real work begins—ensuring that passengers utilizing our facilities have experiences at LPIA that are as amazing as the physical buildings they are......

...things, the plaintiffs allege breach of fiduciary duties and seek various forms of relief, including enjoining the Deleveraging Transaction, invalidating the Board of Directors’ decision to reschedule the Annual Meeting and awarding the Company damages in an unspecified amount. The court has scheduled a hearing on plaintiffs’ motion for May 13, 2013. The Deleveraging Transaction is currently expected to close in the second quarter of 2013, subjec......

...rt, 34-seat Saab 340Bplus aircraft exclusively on all 14 routes within the State of Florida, as well as its nine routes between Florida and The Bahamas. The new Saabs replace smaller 19-seat Beechcraft 1900D aircraft, offering greater comfort, added cargo capacity and class-leading fuel economy. To celebrate the fleet upgrade, Silver Airways has launched a new sale offering discounts as follows: Intra-Florida one-way fares starting from $55* (taxe......

...ed Mitchell discussed the Sri Lanka summit with visiting Canadian Minister of State of Foreign Affairs Diane Ablonczy at the Ministry of Foreign Affairs. “We are fellow Commonwealth countries and have been working in a spirit of friendly cooperation since The Bahamas attained its independence almost forty years ago. The common themes are democracy, the rule of law, respect for the rights of the individual including the right to privacy and the sec......

...ed notes due 2021 (the “Notes”). Ultrapetrol plans to use the net proceeds of the offering to fully refinance its existing $180 million aggregate principal amount of its senior notes due 2014, as well as for general corporate purposes. This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities. The offering will be made only to qualified institutional buyers in accordance with Rule 144A under the......

...res with respect to this information or expressed any opinion or given any form of assurance on such information. In addition, the foregoing estimate is subject to revision as we prepare our interim unaudited condensed consolidated financial statements and other disclosures as of and for the six month period ending June 30, 2013, in accordance with US GAAP. This estimate is prepared prior to the completion of the second quarter of 2013, and subseq......

...is press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes and the related guarantees, nor shall there be any sale of the Notes and the related guarantees in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offer of the Notes and related guarantees will be made only by means of a private offering memorandum. The Notes and the related guarantees have not been registered under t......

...plete spa experiences in the Caribbean. Grand Hyatt at Baha Mar includes a state-of-the-art convention center featuring a performing arts center and an art gallery. This property also offers 85 one, two and three-bedroom residences, all with private terraces and appointed in the signature Grand Hyatt style – calming and sophisticated contemporary décor in an earthy palette, and most homes with spectacular ocean and waterway views. The Baha Mar Cas......

...of a broader initiative to restart the housing sector; the revitalisation of foreign investment interest in The Bahamas; concrete steps to improve revenue administration and expenditure control.” The ministry concluded that the Perry Christie administration was confident that with these steps, and other measures announced in the Budget and the Charter for Governance, The Bahamas would return to a stable fiscal outlook and a healthy economy to the......

...istry, it’s got very high standards, and they do a lot of monitoring and enforcement of international safety regulations,” says Kamanna Valluri, managing director. “The Bahamas has a good name, and when we’ve acquired ships, we’ve switched them here from Panama or Liberia. There are a lot of ships The Bahamas won’t accept, but they took our older acquisitions because they know Dockendale’s standards. Just the same, they did thorough inspections.”......

...ficial opening of the stores in January, Branville McCartney, MP, Minister of State in the Ministry of Tourism and Aviation, commented: “This is significant, not only due to the fact that this is the entry to the Islands of The Bahamas for millions of visitors to our country annually, but also because it broadens the Bahamian entrepreneurial base, while augmenting the variety and diversity of quality local products offered consumers passing throug......