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CBL COMPLETES PREFERENCE SHARES LISTING

CBL COMPLETES PREFERENCE SHARES LISTING

The Bahamas International Securities Exchange (BISX) announced last week that Commonwealth Bank Limited (“CBL”) has successfully completed the listing process for its Class E,J,K,L,M and N Preference Shares (The Preference Shares). The shares have been added to the roster of securities listed on the Exchange and will trade through the BISX Automated Trading System (BATS). [...]

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Fisheries Industry Set for Rise with BAMSI Plans

When considering the value placed on food security by nations worldwide, The Bahamas should count its blessings that the tongue of the ocean and an amazing plethora of blue holes and other geographical wonders keep millions of fish teeming in its waters. However in 2015, the country still has a long way to go in [...]

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Concierge Auctions to Sell Elegant Oceanfront Estate On GB To Highest Bidder

Leading luxury auction firm Concierge Auctions returns to the luxurious white sands of the Caribbean to offer its latest oceanfront estate – 20 Princess Isle, located in the exclusive Freeport area of Grand Bahama Island. Currently listed for $13.8 million, the property is ideally set on 1.44 perfectly preened acres and includes 150 feet of [...]

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BISX Announces New Sponsor Member

The Bahamas International Securities Exchange (BISX) is pleased to announce that Colonial Pension Services (Bahamas) Ltd. (“Colonial Pension”) has applied for and been approved as a BISX sponsor member. BISX sponsor members are responsible for bringing mutual fund listings to the exchange and acting as the first point of contact for mutual funds while they [...]

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Hotel Pledges Profits To Local Charities

Hotel Pledges Profits To Local Charities

For more than three decades, the Holowesko family has been investing in The Bahamas on a range of fronts, including extensive support for a host of local charities. This commitment is set to be redoubled with the announcement that a substantial part of the profits from The Island House (TIH), the Holowesko’s new 30-room boutique [...]

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URCA, BTC and Cable Bahamas to Host ICT Day

Three major organizations have joined forces to raise awareness regarding careers and studies in technology for women by hosting the first International Girls in Information and Communication Technology (ICT) day in The Bahamas under the theme “Expand Horizons, Change Attitudes.” Cable Bahamas Limited, the Bahamas Telecommunications Company (BTC), and the Utilities Regulation and Competition Authority [...]

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PM Asks Countries to Support the Reform of Financial Institutions

Prime Minister Perry Christie called on the leaders of countries in the Americas, with influence on the decision-making process of financial lending institutions, to support the institutions’ policy reforms. According to Christie, the support is necessary because countries that need development financing from the financial lending institutions are often faced with issues of credit worthiness. [...]

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Job Training Alliance on Track to Benefit One Million Youth in Latin America and the Caribbean

Three years after its creation, the New Employment Opportunities (NEO) initiative, a path-breaking alliance between major corporations, civil society, and the public sector that offers job training and placement services to young people in Latin America and the Caribbean, is on track to achieving its target of reaching one million youth in the region by [...]

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Romora Bay Names New Operations Manager

Romora Bay Names New Operations Manager

The iconic Harbour Island landmark Romora Bay Resort and Marina has announced the appointment of Joseph Dargavage as operations manager. Mr. Dargavage is a former president of the Marina Operators of The Bahamas and served as chairman of the Berry Islands Tourism Advisory Board. “We are very pleased to announce the appointment of Joe Dargavage, [...]

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2014 GDP Figures Released

The National Accounts Section of the Department of Statistics announced the release of the estimates of Gross Domestic Product (GDP) for the period 2010 to 2014. The 2014 figures are preliminary, 2013 are provisional, 2012 and 2011 are revised and the 2010 is final until the next historical revision. The 2014 annual preliminary results are [...]

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