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Bahamas and China forge closer ties

Chinese Minister of Foreign Affairs visits The Bahamas to further strengthen bilateral ties. During his visit, the Minister met with the Prime Minister, as well as the Governor General and the Acting Minister of Foreign Affairs and Minister of National Security Tommy Turnquest. 

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TheBahamasInvestor.com
Monday, October 24, 2011
Monday, October 24, 2011

Sir Arthur Foulkes, Governor General and Yang Jiechi, Minister of Foreign Affairs(Photo) Sir Arthur Foulkes, Governor General, right, poses for an official photo with Yang Jiechi, Minister of Foreign Affairs of the People’s Republic of China, during a courtesy call at Government House October 21, 2011. (BIS Photo/Derek Smith)

NASSAU, The Bahamas – Ties between The Commonwealth of The Bahamas and the People’s Republic of China were further strengthened last week during the visit of Yang Jiechi, Minister of Foreign Affairs, October 20-21, 2011.

Yang paid courtesy calls on Sir Arthur Foulkes, Governor General at Government House, and the Prime Minister Hubert Ingraham. Acting Minister of Foreign Affairs and Minister of National Security Tommy Turnquest hosted a welcome luncheon at the Balmoral Club.

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JetBlue to add new flights to Bahamas

From next month, JetBlue Airlines will commence non-stop flights from Westchester County Airport to Nassau, The Bahamas, according to local news website lohud.com. The airline will run the new return service daily. 

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lohud.com
Monday, October 24, 2011
Monday, October 24, 2011

Westchester NY, Oct. 22 (lohud.com) – In less than a month, JetBlue will begin direct flights from Westchester County Airport to Nassau in the Bahamas, the airline’s first international flights from Westchester.

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This is an excerpt from lohud.com as it appeared on October 24, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Airlines expand Bahamas international services

Gulfstream International Airlines has announced plans to expand services into Freeport, Grand Bahama, adding to a growing number of airlines expanding services to Freeport, Nassau and other Family Island destinations. 

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TheBahamasInvestor.com
Friday, October 21, 2011
Friday, October 21, 2011

Gulfstream International Airlines is set to launch a new, daily flight from West Palm Beach, Florida, beginning November 8. The 35 minute flight will depart at 11:55am arriving in Freeport at 12:30pm. The return trip leaves at 12:50pm.

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Bahamas legal expert elected to top international post

Colin E Callender, managing partner of Callenders & Co, has been elected a director of the International Academy of Trial Lawyers (IATL) becoming one of only five attorneys in the world outside the US to hold a current directorship and the first Bahamian to hold the post. 

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TheBahamasInvestor.com
Friday, October 21, 2011
Friday, October 21, 2011

Colin E Callender, QC, managing partner of The Bahamas’ oldest law firm, Callenders & Co, was elected a director of the International Academy of Trial Lawyers (IATL) at the annual meeting in New York recently, becoming one of only five attorneys in the world outside the United States to hold a current directorship.

Callender, whose law career has spanned five decades, called the appointment “one of the highest honours of my career and a reflection of the respect with which the legal profession of The Bahamas is held at the global level.”

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IDB approves $2m grant for tourism energy efficiency scheme

Inter-American Development Bank (IDB) has allocated funds for a region-wide project to reduce energy consumption within the tourism industry. The four-year scheme will offer hotels energy audits, focusing in particular on areas such as air conditioning, lighting and water use. 

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TheBahamasInvestor.com
Friday, October 21, 2011
Friday, October 21, 2011

Hotels in The Bahamas could make significant savings with new energy efficiency measures, funded by the Inter-American Development Bank (IDB).

The IDB has approved a $2-million grant to fund energy efficiency projects in The Bahamas and other countries throughout the Caribbean, including Barbados, Jamaica and Haiti.

The four-year scheme will offer hotels energy audits, focusing in particular on areas such as air conditioning, lighting and water use. The IDB estimates that many small and medium-sized hotels in the region could cut water consumption by as much as 50 per cent and overall energy use by up to 50 per cent.

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Bahamas Telecommunications Company (BTC) looking to launch around 50 retail stores throughout The Bahamas by March 2012. The company will launch its new $42.8-million 4G network in New Providence at Christmas this year. 

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TheBahamasInvestor.com
Monday, October 17, 2011
Monday, October 17, 2011

The newly privatized Bahamas Telecommunications Company (BTC) plans to open around 50 retail stores by the end of March 2012, giving customers easier access to products, calling plans and other services, according to BTC chief executive officer Geoff Houston.

Shops will be spread throughout The Bahamas, with the flagship store located at Marathon Mall on New Providence, which is expected to be open before the end of the year.

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BTC meeting targets, expects to return profit this year

New owners of Bahamas Telecommunications Co are bullish on expected results and streamlining efforts. Company CEO says initiatives are proving popular with consumers. 

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TheBahamasInvestor.com
Wednesday, October 12, 2011
Wednesday, October 12, 2011

Chief executive officer Geoff HoustonBahamas Telecommunications Company (BTC) is on track to save over $10 million in operating costs and expects to meet its projected income estimates by the end of the financial year, according to chief executive officer Geoff Houston (pictured).

“We have achieved some significant spend reductions,” said the CEO as he outlined the company’s plan to restructure the business and pass on savings to customers. “We expect that BTC will make a profit this year. Our parent company is very pleased with our performance to date.”

Since Cable & Wireless Communications Plc took ownership of the company in April, BTC has seen a seven per cent increase in traffic on their mobile network, a reduction in dropped calls and positive customer feedback.

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The Bahamas Chamber of Commerce and Employers Confederation has opened a legal and professional services help desk for member companies and the wider business community. Companies can access advice from consultants at reduced rates. 

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TheBahamasInvestor.com
Wednesday, October 12, 2011
Wednesday, October 12, 2011

BCCEC opens business resource help deskThe Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has announced the introduction of a new service for members and businesses: The BCCEC Human Resource & Labour Help Desk.

(Members of the BCCEC from left to right are: Brian Nutt, Ian Ferguson, Winston Rolle and Peter Goudie)

By calling the BCCEC Help Desk at 242 322-2145 or 242 322-3320, members can request the assistance of a human resource consultant at reduced rates.

Businesses can ask advice on sourcing and recruitment, compensation and benefits, training and development, employee services and policies and procedures. Each company will receive a written assessment with recommendations to improve any deficiencies that would help strengthen their company and their employee relations.

Additionally, companies can call the Help Desk for assistance with industrial relations issues, including mediation services, labour conciliation meetings and industrial tribunal hearings.

BCCECThe BCCEC has partnered with other chamber members with expertise in human resource consulting, and labour consultants and labour lawyers available to assist members of BCCEC and other businesses.

Downtown Nassau Renaissance begins in earnest

Efforts to improve the downtown environment for visitors and residents alike have begun in earnest, according to Prime Minister Ingraham. With the completion of the new straw market (pictured), along with the commencement of other key projects on and around Bay Street, historic Nassau is set for a facelift. 

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TheBahamasInvestor.com
Tuesday, October 11, 2011
Tuesday, October 11, 2011

When the new $12-million straw market officially opens in a few weeks time it will symbolize a Renaissance or rebirth of sorts for downtown Nassau, according to Prime Minister Hubert Ingraham.

Some 500 hundred vendors–including 14 woodcarvers–will be accommodated at the new custom-built display and storage stalls in the new market.

Straw Market VendorsStraw Market VendorsStraw Market VendorsStraw Market VendorsStraw Market VendorsStraw Market Vendors

Speaking in the House of Assembly Monday, on a bill intended to create a Straw Market Authority to provide for the operation and maintenance of the Straw Craft Market, Ingraham said that in the months ahead there will be even greater evidence of the renewal and restoration of the historic city centre, beginning with the transformation of the current site of the temporary straw market tent into “a green oasis” at the western entrance to Bay Street.

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Search for new BFSB CEO continues

Bahamas Financial Services Board is in the final stages of selecting a replacement for the outgoing executive ahead of Friday's application deadline. The high-profile position is central to the promotion of the jurisdiction's financial services sector. 

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TheBahamasInvestor.com
Tuesday, October 11, 2011
Tuesday, October 11, 2011

With the October 14 application deadline fast approaching, officials remain tight-lipped over the search for a new chief executive officer and executive director of the Bahamas Financial Services Board (BFSB)–a multidisciplinary body at the forefront of the jurisdiction’s financial services sector.

“I cannot make any comments while we’re going through the process. Suffice to say there’s been a very positive response,”?says BFSB chairman Paul Winder, who heads the five-person interview committee.

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