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Ground-broken on $75-million health-care project

Work has begun on a new critical care unit at the Princess Margaret Hospital in Nassau. The initiative represents “the single largest investment in health-care infrastructure” in The Bahamas, according to the Prime Minister. 

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TheBahamasInvestor.com
Friday, November 18, 2011
Friday, November 18, 2011

Hailed as “the single largest investment in health-care infrastructure” the government broke ground this week on a world-class Critical Care Block at the Princess Margaret Hospital (PMH).

“Today we commence in earnest, the phased redevelopment of the PMH on its present site,” said Prime Minister Hubert Ingraham at the groundbreaking ceremony on November 16. “When completed we expect the PMH will be redeveloped into a 500-bed facility inclusive of a dedicated maternal and child-care wing.”

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Citi has announced that it has been named World's Best Internet Bank for 2011 by Global Finance magazine, according to Market Watch website. 

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MarketWatch
Friday, November 18, 2011
Friday, November 18, 2011

MarketWatch
NEW YORK, Nov. 17/11 (BUSINESS WIRE) – Citi today announced it has been named World’s Best Internet Bank for 2011 by Global Finance magazine. Citi was the recipient of over 90 global, regional and country awards.

“Citi is thrilled to have earned this prestigious recognition by Global Finance,” said Naveed Sultan, Global Head of Treasury and Trade Solutions, Citi Global Transaction Services. “We believe this is a true validation of our industry-leadership position in Internet banking and demonstrates our strength as a global organization. Winning these awards is also a reflection of our steadfast commitment to providing our clients with the best technology platforms enabling them to succeed in today’s challenging business environment.”

Global Awards: Best Overall Internet Bank Best Corporate/Institutional Internet Bank Best Investment Management Services Best Online Cash Management Site Best Web Site Design Best in Mobile Banking Best in Social Media for Corporate/Institutional Banking Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average $365 billion in liability balances and $12.5 trillion in assets under custody.

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This is an excerpt from MarketWatch as it appeared on November 18, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Three Julius Baer Bank & Trust (Bahamas) Ltd employees spend time in Zurich, Lugano and Geneva for culture exchange and to build relationships with group colleagues. 

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TheBahamasInvestor.com
Friday, November 18, 2011
Friday, November 18, 2011

Furthering employees experience and education is a key step in delivering outstanding client services, which is why Julius Baer Bank & Trust (Bahamas) Ltd has facilitated the training of three of its employees in Switzerland.

The most recent participant in the cross-training exercise is Tiffany Jones, one of the bank’s junior relationship managers.

Jones is presently completing a two-month training programme in Zurich. She returns to The Bahamas in December.

“Although a significant portion of development within this industry comes from education and experience, a large part also comes from the cross-cultural, inter-relationships one builds along the way,” says Jones. “It is important to provide Bahamian private banking professionals with an international training opportunity.”

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The Bahamas Financial Services Board (BFSB) celebrated the 11th anniversary of its Industry Excellence Awards programme on November 11, at a gala dinner held at the Sheraton Nassau Beach Resort. 

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TheBahamasInvestor.com
Thursday, November 17, 2011
Thursday, November 17, 2011

NASSAU, Bahamas – The Bahamas Financial Services Board (BFSB) celebrated the 11th anniversary of its Industry Excellence Awards programme on November 11, at a gala dinner held at the Sheraton Nassau Beach Resort.

During the event, the recipients for the 2011 Mentor of the Year, Professional of the Year, Achiever of the Year, and Student of the Year were announced.

Also recognized at the awards ceremony were the recipients of the 2011 Lifetime Achievement Award, the Executive of the Year Award, and the Development and Promotion Award.

The 2011 award recipients are:

  • Lifetime Achievement Award: Hugh G Sands, CMG
  • Executive of the Year: Reece D Chipman, Bahamas Institute of Chartered Accountants
  • Development & Promotion Award: Higgs & Johnson Law Firm
  • Mentor of the Year: Dorothy Hilton, SG Hambros Bank & Trust
  • Professional of the Year: Kenrick L Brathwaite, Commonwealth Bank Ltd
  • Achiever of the Year: Alec F Rolle, BSI Overseas (Bahamas) Ltd
  • Student of the Year: Mandelia K Morris, College of The Bahamas Graduate

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JetBlue lands inaugural Westchester-Nassau flight

New non-stop flights add to the airline's raft of services from the US to The Bahamas. The daily service has the potential to bring 100 visitors to Nassau on each flight. Pictured: JetBlue's Marty St George presented Hyacinth Pratt, permanent secretary in the Ministry of Tourism and Aviation, with a model plane in commemoration of the airline's inaugural Westchester to Nassau flight. In turn, Pratt presented St George with a collection of Bahamian coins. 

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TheBahamasInvestor.com
Wednesday, November 16, 2011
Wednesday, November 16, 2011

During his first trip to The Bahamas five years ago, JetBlue’s senior vice president of marketing and commercial strategy Marty St George said: “We intend to be the biggest US carrier to and from The Bahamas by the time we are done.”

JetBlue is already the largest carrier from the US to the Caribbean. In The Bahamas’ market alone, its airlift totals 28,000 seats per month. It has the potential to bring up to 336,000 visitors here annually.

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US Ambassador Avant finishes term in Bahamas

United States Ambassador to The Bahamas Nicole Avant will leave the country after holding the position for two years. A farewell reception in her honour was held earlier this week. Pictured: Deputy Prime Minister and Minister of Foreign Affairs Brent Symonette presents a gift to outgoing United States Ambassador to The Bahamas Nicole Avant, during a farewell reception at Balmoral Club November 14. 

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TheBahamasInvestor.com
Wednesday, November 16, 2011
Wednesday, November 16, 2011

NASSAU, The Bahamas – The Bahamas officially bade farewell to United States Ambassador to The Bahamas Nicole Avant during a reception at the Balmoral Club on November 14.

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Work to start on $52-million Nassau critical care unit

Critical Care Block at the Princess Margaret Hospital represents the “single largest investment in healthcare infrastructure” at the public tertiary healthcare facility, according to Minister of Health Hubert Minnis (Photo credit BIS). 

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TheBahamasInvestor.com
Tuesday, November 15, 2011
Tuesday, November 15, 2011

NASSAU, The Bahamas – The construction of the proposed Critical Care Block at the Princess Margaret Hospital represents the “single largest investment in healthcare infrastructure” at the public tertiary healthcare facility, according to Minister of Health Hubert Minnis.

Officials from the Public Hospitals Authority (on behalf of the government of The Bahamas) and Cavalier Construction, signed contracts for the construction of the Critical Care Block earlier in the month at the head offices of the Public Hospitals Authority.

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Atlantis opens $10-million restaurant

Mega-resort on Paradise Island opens another addition to its dining offerings, with an authentic barbecue restaurant. Virgil's Atlantis is part of the Alicart Restaurant Group and can seat 500 diners. 

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TheBahamasInvestor.com
Monday, November 14, 2011
Monday, November 14, 2011

The $10 million authentic barbecue restaurant, Virgil’s, has opened for business at the Atlantis Paradise Island resort.

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Nassau soon to have sufficient potable water supplies

From next month, water will no longer have to be barged into the capital, as desalination plants come on-stream. Pictured: Speaker of the House of Assembly and MP for North Eleuthera Alvin Smith drinks a glass of water produced from the newly commissioned Reverse Osmosis Plant in Tarpum Bay, Eleuthera. 

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TheBahamasInvestor.com
Monday, November 14, 2011
Monday, November 14, 2011

After more than 30 years, the government will be able to discontinue the barging of water from Andros to New Providence beginning next month, Prime Minister Hubert Ingraham announced Friday in Eleuthera.

The prime minister’s announcement came as he commissioned water works for the Tarpum Bay and Rock Sound settlements.

The only islands of The Bahamas with sufficient ground water to meet the needs of growing communities are Abaco, Andros and Grand Bahama. This does not, however, extend to their cays.  

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Baha Mar marks first milestone in construction

The realignment of West Bay Street to skirt around the Baha Mar mega-resort marks the first step in the multi-million dollar development. Opened today, the new road clears the way for the next phase of construction. Pictured: Officials pose for opening and handover of the realigned West Bay Street. (Left - right) Baha Mar Chairman and CEO, Sarkis Izmirlian; Prime Minister Hubert Ingraham; Baha Mar president, Don Robinson; Minister of Public Works, Neko Grant; Roman Catholic Archbishop of Nassau, Patrick Pinder; Leader of the Official Opposition; Perry Christie, and executive vice-president of development and construction, Tom Dunlap. 

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TheBahamasInvestor.com
Friday, November 11, 2011
Friday, November 11, 2011

Baha Mar marks first milestoneBaha Mar marked its first, official milestone today with the opening and handover of a 1.25 mile realignment of West Bay Street.

The new road diverts traffic south of the Baha Mar resort around the 1,000 acre, $3.5-million development.  

An existing portion of West Bay Street will now be conveyed to Baha Mar by the government for the construction of its 1,000 room casino hotel, 700 room convention hotel, 100,000 sq ft casino and 150,000 sq ft convention centre and related amenities. 

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