The Bahamas has drawn praise for its conservation efforts from an international body charged with protecting the marine environment.

A team from Mission Blue arrived in The Bahamas last month and were welcomed by Minister of the Environment Kenred Dorsett, as well as members of the Bahamas National Trust and Nature Conservancy.

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NEW YORK, NY, May 29, 2012 (MARKETWIRE via COMTEX) — The world’s growing demand for oil and the rapid depletion of reserves have forced major oil companies to look offshore. Significant deep-water discoveries have led to increased focus in areas off the coast of Brazil, West Africa, and in the Gulf of Mexico as major discoveries on land are becoming less common. Five Star Equities examines the outlook for companies in the Oil & Gas Drilling & Exploration Industry and provides equity research on Hercules Offshore, Inc. HERO -5.97% and Noble Corporation NE -4.08% .

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This is an excerpt from MarketWatch as it appeared on May 31, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Kevin Clerey has been appointed as managing director of newly formed International Protector Group Switzerland, which is introducing the new Bahamas Executive Entity to that market for trust advisors.

Clerey (pictured) worked at Credit Suisse for 23 years, including as head of its global trust operations. At Credit Suisse he also oversaw fund administration, and led trust companies in centres such as The Bahamas, Cayman Islands, Isle of Man, Guernsey and the Middle- and Far east.

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This is an excerpt from Investment Europe as it appeared on May 31, 2012. For updates or to read the current version of this post in its entirety, please click here.

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Baha Mar Ltd, which bills itself as the largest resort property in the Western Hemisphere, launched its first global roadshow in Beijing on Tuesday, aiming to attract China’s billionaires.

The $3.5 billion project, located in Nassau, capital of the Bahamas, is being wholly financed by the Export-Import Bank of China and built by China State Construction Engineering Co Ltd.

Covering 400 hectares, the project includes four luxury hotels and other entertainment and sports facilities. It is expected to be completed in 2014.

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This is an excerpt from ChinaDaily.com.cn as it appeared on May 31, 2012. For updates or to read the current version of this post in its entirety, please click here.

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The newly elected Prime Minister, Perry Christie, delivered the 2012/13 Budget Communication to Parliament May 30.

In his address, he said that the government was not going to propose any increase in taxes on Bahamians and claimed that the budget “unequivocally sets us on the course of change” for the economy.

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Grand Isle Resort & Spa has finalized its transition to 100 per cent home-ownership with the sale of 31 remaining villas to Peter Nicholson of Ottawa, Canada.

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The recently elected chairman of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC) Chester Cooper, has spoken out on funding challenges for small and medium-sized enterprises (SMEs) in The Bahamas.

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The government will refocus the mandate of the Bahamas Development Bank and the Bahamas Agricultural and Industrial Corporation to broaden their range of activities beyond lending money, to include the provision of equity, credit guarantees and marketing and accounting support.

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Bahamas Telecommunications Co (BTC) announced last week that the company has named leading Bahamian business executive Gershan Major to its expanded management team as vice president channels and marketing.

Major, formerly the chief executive officer of Mail Boxes Etc, is the latest in a series of Bahamians to join BTC in top management positions.

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Memorial Day weekend saw The Bahamas play host to the rich and famous who came to Paradise Island to play in the Michael Douglas & Friends Golf Tournament. Watch an interview with Douglas here.