Earlston McPhee, director of sustainable tourism in the Ministry of Tourism, says that there has been renewed interest in fly fishing in the tourism sector. Watch an interview with McPhee here.

The government is introducing a number of measures to further rationalize tariff and excise rates, Prime Minister Perry Christie said during his presentation of the 2012/2013 Budget Communication in Parliament last week.

The Prime Minister added that the government also wants to encourage energy efficiency and provide relief to consumers.

…continue >

The 15th Model United Nations Sessions (MUNS) was held last month at the Wyndham Crystal Palace, Cable Beach.

Co-sponsored by the Rotary Club of The Bahamas and The Ministry of Foreign Affairs, MUNS annually brings together high school students from around the country, and sometimes from the Turks and Caicos Islands, in a forum to simulate the United Nations General Assembly.

…continue >

During his presentation of the 2012/2013 Budget Communication on May 30, Prime Minister Perry Christie said that the government has created the Ministry for Grand Bahama to address that island’s needs. The Prime Minister said the mandate of that ministry is to ensure Grand Bahama receives the maximum benefits from all government initiatives.

Prime Minister Christie said the ministry will develop proposals for the extension of duty-free concessions to east and west Grand Bahama.

Michael Darville has been named Minister for Grand Bahama.

…continue >

The government has reaffirmed its commitment to a mortgage relief programme that will help save the homes of persons who are no longer able to service their loan obligations, because of underemployed, involuntary loss of jobs, or because of chronic illness.

Prime Minister Perry Christie during the presentation of the 2012/2013 Budget Communication in Parliament last week said preliminary discussions with representatives of the clearing banks and other institutional lenders have already been initiated.

…continue >

The proposed renationalization of BTC and Royal Bank of Canada’s Blue Water Day sustainable water project top the news in this week’s Business Beat report from national broadcaster ZNS. Watch the full report here.

Dame Marguerite Pindling was sworn-in as Deputy to the Governor General on June 3 at Government House.

Dame Marguerite Pindling is pictured with her children and grand children in the Drawing Room at Government House after being sworn-in as Deputy to the Governor General June 3. (BIS Photo/Peter Ramsay)

…continue >

Bahamas 16 Island Wedding promotional campaign launched through social media has proved a big success for the Tourism Ministry. Watch an interview with two lucky winners Claire and Jason Harris here.

NASSAU, Bahamas, May 31, 2012 (GlobeNewswire via COMTEX) — Ultrapetrol (Bahamas) Limited ULTR +5.76% (the “Company”), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), today announced the sale of 14 wet and dry barges to a third party in Colombia. The barges are scheduled for delivery in the second half of 2012 and will provide the Company with proceeds of $20.3 million, of which 50% has been advanced by the buyer.

…continue with our excerpt >

This is an excerpt from MarketWatch as it appeared on June 4, 2012. For updates or to read the current version of this post in its entirety, please click here.

Go to the source of this post >

Bahamasair announced last week that earlier in the year three female pilots were promoted to Dash 8 aircraft captains, a first in the airline’s history.

…continue >