NASSAU, Sept. 3, 2012 /PRNewswire/– As Albany nears its second anniversary, the luxury resort community is expanding by starting construction on its first phase of Marina Residences.

The groundbreaking of the first three buildings occurred earlier today with all three buildings slated for completion throughout 2014.

“This important second phase of construction at Albany is a terrific vote of confidence for the Commonwealth of The Bahamas,” said Bahamas Prime Minister Perry Christie. “The sales success that Albany has experienced is also a resilient validation of The Bahamas and its international appeal.”

Adjmi West, HKS West and Gwathmey Siegel West marina buildings at Albany in The Bahamas. (PRNewsFotos/Tavistock Group)

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Bimini Bay resort developer RAV Bahamas’ chief executive officer Alejandro Capo says that visitor numbers are up as the resort begins Phase II of development ahead of an expanded marketing campaign. Watch an interview with Capo here.

Minister of Financial Services Ryan Pinder toured the Airport Industrial Park (AIP) on New Providence last week, taking the opportunity to highlight government efforts to support manufacturers.

“One thing we are looking to do as a government is to come up with a plan for manufacturers, because manufacturers are high energy users and it’s a big cost item for them. Where we can we will amend any necessary legislation to allow a certain portion of self-generation for the plants, which will bring proportionately down the energy costs,” he said.

He also said the government would provide incentives under the Industries Encouragement Act or other legislation, to help facilitate an energy policy for the manufacturers.
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Grand Isle Resort & Spa located on Emerald Bay in Great Exuma is introducing three- and five-night packages for newlyweds starting from $1,929.

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Preparations are well underway for Bahamas Speed Week 2012 to be held later in the year. Watch a report on the vintage car and cultural event here.

The Perry Christie administration is to address national tax reform through a tax symposium. Watch a ZNS news report here.
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The Constitution of The Bahamas is under review by the Constitutional Commission mandated to prepare the electorate for a referendum. Watch a ZNS news report on the commission meeting here.
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Thursday August 30, 2012 (URCA) – The Utilities Regulation and Competition Authority (URCA) has issued a 700 MHz spectrum license to the Bahamas Telecommunications Company Limited (BTC). Issue of a license for the new spectrum bandwidth to Cable Bahamas Limited (CBL) is also expected. This follows a competitive evaluation process initiated this past March 23rd, when URCA issued a Request for Applications (RFA) for the newly opened 700 MHz spectrum band. A total of five applications were received.

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The art of sculling is displayed at the Sands Man in the Boat Sculling Competition at Fort Montague, Nassau, Bahamas. (Photo by Azaleta Ishmael-Newry)

Bahamian Brewery and Beverage Co, maker of Sands Beer, held its first E Class regatta sculling race at Fort Montagu, Nassau, at the end of last month.

The event was part of the brewery’s commitment to promoting Bahamian culture through sport.

The first sculling races for Sands Beer took place in February 2012 at the St Valentine Regatta at Fort Montagu.

The second was at the Rock Sound Homecoming in Eleuthera in April, followed by participation in the One Eleuthera Foundation’s Earth Day in Governor’s Harbour, and then in Exuma, followed by the Long Island Regatta in June.

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The masterplan development is not only ambitious but will also make use of alternative energy sources, making it eco-friendly.

Orlando, FL. (PRWEB) August 30, 2012 – The planned project is a masterplan design that will include a luxury resort, commercial town center, water park, mega yacht marina, luxury gated community, and golf course. The prospected island has numerous hidden coves with extensive, beautiful beaches and small, colorful villages. It is also a prime bonefishing spot. Such a development will be a boon to the local economy, and greater Bahamian economy as well.

Though remote, the natural beauty of the island targeted for this development offers both excitement and relaxation. With breathtaking, untouched beaches and unusual rock formations, it is a nature lover’s dream, with deep caves, coves, colorful reefs, some of the best bonefishing flats and big game fishing spots in the Bahamas, making it ideal for fishers, divers, and snorkelers alike.

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