Archive | Business

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

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

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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Bahamas Chairs UNCTAD Meeting of Experts on Investment, Innovation and Entrepreneurship

Ambassador and Permanent Representative of The Bahamas to the United Nations office in Geneva, Switzerland Rhoda Jackson was elected chairperson of the multi-year expert meeting on investment, innovation and entrepreneurship for productive capacity-building and sustainable development, organized by the United Nations Conference on Trade and Development (UNCTAD). The two-day meeting which convened on March 30, […]

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Environment Officials Working With Agencies to Advance the Government’s Renewable Energy Agenda

Minister of Housing and the Environment the Hon. Kenred Dorsett said officials from the Ministry of the Environment are holding meetings with representatives from the Carbon War Room (CWR) and the International Renewable Energy Agency (IRENA) as the government progresses with its renewable energy agenda. During a working meeting with the CWR and IRENA on […]

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