Indications are that domestic economic conditions maintained a positive trend during the review month, supported by modest gains in tourism output and ongoing foreign and public sector investment projects. However, the mild momentum of the recovery continued to limit job gains and rising energy costs exerted some upward pressure on domestic price levels. The fiscal situation registered an improvement in the overall deficit for the first half of FY2011/12, reflecting higher revenue collections and relatively flat spending. In the monetary sector, gains in bank liquidity were considerably below the year earlier levels and external reserves contracted, following on last year’s outcome—which was boosted by extraordinary foreign currency inflows.

…continue >

About 500 people recently watched a documentary in the Atlantis Conference Center about a team of local and Living Oceans Foundation scientific divers examining Bahamian coral reefs suffering from coral bleaching as a result of climate change pollution and overfishing. The foundation was established by Prince Khaled bin Sultan of Saudi Arabia.

Prince Khaled joins an audience of 500 to watch the launch of Mission Bahamas, which documents the finding of BNT researchers. (BIS photo/Raymond Bethel)

…continue >

WOOD RIVER, IL, Mar 12, 2012 (MARKETWIRE via COMTEX) — YTB International, Inc. (pinksheets:YTBLA) (“YTB” or the “Company”), a provider of e-commerce business solutions for individual consumers and home-based independent representatives in the United States, Bermuda, the Bahamas, and Canada, announced on Saturday, March 10, 2012, that the Company has reached an agreement in principle to merge with LTS Nutraceuticals, Inc. (which shall be renamed LTS International, Inc. upon consummation of the merger) (“LTS”).

…continue with our excerpt >

This is an excerpt from Marketwatch as it appeared on March 14, 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 >

The Bahamas government has signed contracts for repairs to the dock and construction of public toilets in Clarence Town, Long Island.

Students of Morrisville Primary School attended the contract signing ceremony in Clarence Town, Long Island. (BIS photo/Letisha Henderson)

Agriculture and Marine Resources Minister Lawrence Cartwright said the upgrades are much needed for the seaport.

…continue >

“Empowering women is not just good for women, it is good for all of us,” Michelle Bachelet, Executive Director of the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), told the first meeting of the two-week session, which concludes on 16 March.

…continue with our excerpt >

This is an excerpt from United Nations Radio as it appeared on March 13, 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 >

NASSAU, Bahamas (March 5-9, 2012) — It was a moderate week of trading activity in the local market as six out of the twenty five listed securities traded. Focol Holdings Ltd. (FCL) was the volume leader with 51,000 shares trading to close up by $0.25 to $5.00. Commonwealth Bank Bahamas Ltd. (CBL) traded 47,921 shares to close up by $0.45 to $6.45. Cable Bahamas Ltd. (CAB) traded 19,000 shares to close unchanged at $7.50. AML Foods Ltd. (AML) traded 10,000 shares to close unchanged at $1.18. Doctor’s Hospital Healthcare System Ltd. (DHS) traded 6,100 shares to close down by -$0.01 to $1.23 and Colina Holdings Ltd. (CHL) traded 3,168 shares to close unchanged at $2.32.

…continue >

From Botswana to the Bahamas, more than 2,000 aspiring diplomats from around the world have begun streaming into Vancouver to take part in this week’s 2012 World Model United Nations Conference.

…continue with our excerpt >

This is an excerpt from The Vancouver Sun as it appeared on March 12, 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 >

PARADISE ISLAND, Bahamas, March 8, 2012 /PRNewswire/ – Alan Leibman, CEO of Kerzner International Holdings Limited (the “Company”), which through its subsidiaries, is a leading international developer and operator of destination resorts, casinos and luxury hotels, is pleased to announce the promotion of Jennifer Glaisek Ferguson, VP of Global Communications to Senior Vice President of Global Communication and Public Relations of the Company.  Ferguson will assume her new position immediately. 

(Photo – http://photos.prnewswire.com/prnh/20120308/FL67005 )
…continue >

Silver Airways Corp announced Wednesday that it has reached an agreement with Saab Aircraft Leasing to purchase six additional Saab 340Bplus aircraft. This latest acquisition brings the total number of Saab 340s in the Silver Airways fleet to 12. Financial terms were not disclosed.

“This fleet acquisition is another giant step forward in our goal to build the dream airline,” said Darrell Richardson, chief executive officer of Silver Airways. “Like the first six Saabs, these aircraft will enhance and expand our growth opportunities. The Saab 340BPlus has a generation III cabin that allows us to offer a higher quality of service and continue to build on our strong market presence in Florida and The Bahamas.”

…continue >

NASSAU, Bahamas, March 8, 2012 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business, and Ocean Business), announced today that it will release its fourth quarter 2011 financial results on Thursday, March 15th, 2012, after the market closes. Ultrapetrol also will host a related conference call on Friday, March 16th, 2012, at 10:00 a.m. Eastern Time, accessible via telephone and Internet with an accompanying slide presentation.

…continue >