Archive | Business

BISX Expects to Add Sub Funds to Listing

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Royal Fidelity Bahamas International Investment Fund, a BISX-listed fund, has submitted an application to list two additional sub-funds on the Exchange’s Mutual Fund Listing Facility. These sub-funds have been approved for listing by the BISX Listing Committee and will now have their information […]

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LPIA Launches Redesigned Website

Lynden Pindling International Airport (LPIA) announced yesterday the launch of its redesigned website, which can be found at www.nassaulpia.com. The site offers quick access to real-time flight information, easy navigation to frequently-used information and a responsive design adaptable to a wide range of mobile devices. Jan Knowles, vice president of marketing and communications at Nassau […]

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Fourth Bahamian Named to Nassau Airport Development Executive Team

Nassau Airport Development Company (NAD) announced on Wednesday the appointment of Deborah Coleby to the position of vice president of operations, effective April 1, 2015. She is the fourth Bahamian named to an executive management position. Coleby joined the company from its inception in April 2007 as manager of operations. In her most recent position […]

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Wilchcombe Optimistic Over Record Tourism Numbers

Building on the momentum of 6.2 million visitors to Bahamian shores in 2013, the Ministry of Tourism recently reported double digit growth in stopover arrivals, a measurable spike hotel room occupancy levels and rates for January 2015. At 74,000 visitors, this represented a 13 percent increase over the same period in 2014, a 7 percent […]

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Rand Memorial Hospital’s Renovations is Next Step in Healthcare Transformation, says Gomez

The country’s healthcare system is again being transformed as major renovations to the Rand Memorial Hospital were announced on Monday during a press conference by Minister of Health Dr. Perry Gomez. With the government making National Health Insurance a priority, the minister said those in authority must put in context infrastructural improvements at the public […]

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CHEC BAHAMAS REMAINS COMMITTED TO NORTH ABACO PORT PROJECT

Chinese Harbour Engineering Company (CHEC) is reassuring the public of its commitment to successfully completing the $39 million North Abaco Port Project, as unexpected challenges are resolved. Country manager for CHEC Jeff Wang said the project was soon to be back on schedule, following the discovery of environmental setbacks that caused work to halt temporarily […]

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CIBC FIRSTCARIBBEAN RECORDS IMPROVED RESULTS IN THE BAHAMAS

CIBC FirstCaribbean has announced an improved performance in its Bahamas business for the first quarter of the current financial year. For the period ended 31st January 2015, the bank recorded net income of $13.5 million, an increase of $5.4 million, when compared with last year. This performance mirrors that of the CIBC FirstCaribbean group, which […]

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BIFF BRINGS HOLLYWOOD TO THE BAHAMAS

With plans to “bring Hollywood to The Bahamas,” The Bahamas International Food Festival announced a slate of events at a press conference held at Bacardi on Thursday, November 13th. The festival, which is scheduled for December 4-9th in New Providence and December 10-14th in Harbor Island, Eleuthera, will showcase nearly one hundred films from both […]

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Bahamas to Undergo CFATF Review in 2015

The country’s financial sector will once again be brought under a microscope as the industry will undergo a fourth round of reviews by the Caribbean Financial Action Taskforce next year. Attorney General Allyson Maynard- Gibson made the announcement while bringing remarks at The Bahamas Financial Services Board (BFSB) annual excellence awards gala dinner, at the […]

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Selection Process for Cellular Bidding Outlined

The Cellular Liberalisation Taskforce is now accepting Request for Proposals (RFP) for anyone wanting to bid for the second license to provide cellular service in the country, but officials said the anticipated competitive process will be done in two phases and will be have some hefty fees attached. The taskforce’s Communications Policy Advisor Michelle Grell-Bereaux […]

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