The Bahamas Investor

...clean-up activity.” According to Sweeting, Harrold and Wilson Ponds have become overrun by the Cattails plants. The Cattails need to be removed before they crowd out more indigenous plants. On June 13, June 27 and July 11, BNT will host 60-minute webinar sessions about water and water conservation. The webinars are free to the general public. The webinars, educational panels and clean-up event are made possible by a charitable Blue Water Leadershi......

...ive location as a commodity trading hub since it offers elements necessary for commodity trading and shipping–such as physical trading and freight and financial services–and it is in a position to develop risk management services. “The government is fully committed to the development of all aspects of the financial services industry,” adds Ryan Pinder , Minister of Financial Services. “We view the commodity trading business as another important co......

...ternational Yacht Charter Group is fully capable of chartering yachts in other countries throughout the world as well. The 10-year anniversary of the International Yacht Charter Group is certainly a memorable achievement for both the company and their clients. Throughout the years, they’ve offered only the highest level of customer service to each and every client, which is why so they receive such a high number of return customers.......

...e. “They have refined [the HEA] and they have made it much more manageable for developers to come in and qualify for it,” Mr. Lauth said. The Hotel Encouragement Act also played a key role in making the numbers work for Baha Mar, the $3.5 billion development under construction on Nassau, said Baha Mar president Tom Dunlap. The project — the largest single-phase development in the Caribbean with 2,200 hotel rooms, a Jack Nicklaus golf course and “o......

...came during a press conference at the Grand Lucayan Resort to launch the upcoming forum. The conference is sponsored by the Grand Bahama Port Authority (GPA), the Commonwealth Business Council (CBC), the Bahamas government and members of the business community. Minister Darville was joined by Minister of State for Investment in the Office of the Prime Minister Khaalis Rolle, GPA chairman Ian Fair, CBC’s director general and chief executive officer......

...ristie’s party added to its big parliamentary majority by easily winning a byelection in his former rival’s district. Election officials said Tuesday that preliminary results show that Renardo Curry of Christie’s Progressive Liberal Party dominated the contest on Abaco island. The Monday byelection fills the seat of former Prime Minister Hubert Ingraham. He held it for 35 years, but stepped down earlier this year after Christie’s party swept his F......

...Grand Bahamians.” Present at the event were: Minister of Tourism Obie Wilchcombe; Minister of State for Investments Khaalis Rolle; Kevin Seymour, president of the Grand Bahama Chamber of Commerce; and Peter Turnquest, deputy leader of the Free National Movement and MP for East Grand Bahama. Pictured: Prime Minister Perry Christie, was on hand to officially open Freeport’s newest insurance brokerage, Freeport Insurance Agents & Brokers Ltd, Februar......

...een the United States and the region: we are joined by history, migration, by commerce and geography. We are interdependent with, and upon the other. In many respects, we are kith and kin. It goes beyond treaties, agreements and trade. It is a real live working relationship. This meeting is the third of our get-togethers as Caricom leaders with you. It is the first amongst us with you which is for the sole purpose of discussing common problems in......

...ing wave of economic development, is also seen as strategically important. For example, in a joint-venture with GBPA, Hutchison Whampoa of Hong Kong, the world’s largest port operator, has expanded its Freeport container port over the past 10 years, and is now capable of moving close to a million containers per year. Now, the Chinese-owned CITIC Group (China International Trust & Investment Corporation), China’s largest commercial conglomerate, is......

...changes in the 1960s tightened up banking oversight. Since 2001, prompted by a push for more regulatory oversight and disclosure globally influenced by the Financial Action Task Force and OECD, all banks have had to maintain a physical presence, weeding out the brass plates. Financial Services and Investments Minister Allyson Maynard Gibson has remarked, “The Bahamas has significant comparative advantage in the private wealth management sector, a......

...enior customs official I spoke to said de Savary got the most liberal deal by a foreign investor to date,” says Sweeting. Still, de Savary swayed most of his detractors with the potential for local employment and the installation of infrastructure like roads, power and water. The original access road to the beach has been maintained, where local residents can still go to collect seashells. To make good on his end of the bargain, the always-legenda......

...Governor’s Harbour Resort and Marina Ltd. The 270-acre luxury resort, due for completion in 2009, will offer ocean front lots, a boutique hotel, 60 condo/hotel residences, two restaurants and a spa. Located near Governor’s Harbour and the airport, on the island’s western shore, is Eleuthera’s newest condo/hotel development, Pineapple Fields, headed by Pineapple Fields Development Co president Christopher Lightbourn. The 32-unit condo/hotel called......

...less than 1,000 residents has relied almost exclusively on the Morton Salt Company for its economic stability. If the economy is to grow and stabilize going forward, diversification is crucial. Second, the island possesses all of the elements necessary to evolve into a thriving ecotourism destination. “Ecotourism is the way to go. This is the niche market that the Family Islands, and Inagua in particular, lend themselves to perfectly,” says Cox. “......

...n advisor. “I’m sure that this is going to be the start of a great new era for telecommunications within The Bahamas,”?said Gerard Borely, chief financial officer of LIME, CWC’s regional operation. “Our role is to help ensure that BTC continues to trade successfully in this new era,” said Borely. “We will do that by focusing on the needs of our customers and our communities.” With technological advancement moving at a lightning pace, and the telec......

...uns until December 4. The session agenda includes measures to prevent fraudulent registration of ships, procedures at ports and progress on the world maritime theme for 2019 — achieving a barrier-free working environment for women in the maritime sector. Pictured: More than 1,700 delegates attended the 31st session of the IMO Assembly. (Photo courtesy the IMO)......