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News & Press - May 24/19

 

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Speaking at the Bahamas Society of Engineers, Bahamas Electricity Corp (BEC) general manager Kevin Basden says he sees potential in renewable energy, and urges entrepreneurs, skilled professionals to grasp opportunities. 

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TheBahamasInvestor.com
Wednesday, December 15, 2010
Wednesday, December 15, 2010

The Bahamas Electricity Corp (BEC) has called for Bahamian engineers to lend their skills to the drive towards more renewable energy sources.

Addressing the Bahamas Society of Engineers at their 2010 Conference earlier this month, BEC general manager Kevin Basden appealed to Bahamian engineers saying: “This is a brand new field. It will open up some opportunities for engineers and entrepreneurs.”

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Nassau is gradually getting a face lift, as major downtown projects near completion. The new $11.3-million straw market is well over half-way completed, while the Elizabeth on Bay restaurant and retail plaza is all but done. 

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TheBahamasInvestor.com
Wednesday, December 15, 2010
Wednesday, December 15, 2010

Two major projects in the heart of downtown Nassau on New Providence are on, or ahead of, schedule, according to the chief of a leading construction company involved in the developments.

“Both major projects that we are involved in downtown are progressing very well,” says Richard Wilson, managing director at Cavalier Construction, referring to the new straw market building on Bay Street and the Elizabeth on Bay leisure and retail plaza on the waterfront.

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With Phase I of the redevelopment of Lynden Pindling International Airport due to be completed in March, the financing for Phase II is already secured and the Nassau Airport Development Co (NAD) has received funds of $165 million. 

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TheBahamasInvestor.com
Wednesday, December 8, 2010
Wednesday, December 8, 2010

Nassau Airport Development Co (NAD)?has received finances to kick-start Phase II of the Lynden Pindling International Airport’s redevelopment project, with a $165 million injection into its bank account last month.

The money was deposited on November 30, allowing NAD to settle debts incurred during Phase I and replenish its revolving credit facility, as it carries out the $410 million airport expansion programme.

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The new issue of The Bahamas Investor, now in its fifth year, to be published January 1, 2011, focuses on the local, home-grown talent that is having an impact on the financial services industry in The Bahamas. 

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TheBahamasInvestor.com
Wednesday, December 8, 2010
Wednesday, December 8, 2010

The new issue of The Bahamas Investor, now in its fifth year, to be published January 1, 2011, focuses on the local, home-grown talent that is having an impact on the financial services industry in The Bahamas.

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The Bahamas Investor July 2010 Sneak Peak

International investors will find attractive incentives to do business in The Bahamas, available across a wide range of sectors from tourism to agriculture and industry. Learn more about the country’s vibrant investment environment, and what to include in a proposal. 

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TheBahamasInvestor.com
Tuesday, November 30, 2010
Tuesday, November 30, 2010

New product legislation, a robust economy and a surge of spectacular new developments are securing The Bahamas’ pole position as a haven for international investment. Acclaimed as the top international financial centre in the Americas just one year ago, The Bahamas has continued to grow its economy and draw new business throughout 2009, and you can read about the reasons behind this and the many investment opportunities available in the latest issue of The Bahamas Investor (www.thebahamasinvestor.com).

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The Bahamas is facing a "brave new world" with many challenges for economic growth, but opportunities still exist, according to Peter Turnquest, chamber president and chairman of SkyBahamas Airlines Ltd. 

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TheBahamasInvestor.com
Tuesday, November 30, 2010
Tuesday, November 30, 2010

Speaking during the recent Accountants’ Week 2010, Grand Bahama Chamber of Commerce president Peter Turnquest highlighted some of the key areas in which The Bahamas can nurture economic growth, and called for renewed vigour in achieving national goals.

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In The Bahamas there is an absence of direct taxation, with the government gaining income through taxes on imported goods and materials. The tariff rate of 33 per cent may have to be reviewed once the jurisdiction joins the World Trade Organization. 

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TheBahamasInvestor.com
Wednesday, November 24, 2010
Wednesday, November 24, 2010

Since tariffs are viewed as an impediment to trade, The Bahamas’ bid to join the World Trade Organization (WTO) will likely result in the nation having to slash its 33 per cent average tariff rate, to fall more in line with the nine per cent levied by other WTO members.

“We have to go through a painful process of identifying which categories are going to be changed in order to accomplish a lower average in tariff,”?says WTO chief negotiator and chartered accountant Raymond Winder. He was speaking at a seminar hosted by the Bahamas Institute of Chartered Accountants last week.

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Addressing representatives from the business sector, Financial Secretary Ehurd Cunningham spoke of how an e-government project is set to improve the financial services industry. 

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TheBahamasInvestor.com
Wednesday, November 24, 2010
Wednesday, November 24, 2010

The Ministry of Finance has vowed to bring several key services online by July 2011 in a bid to improve efficiency and communication with the government.

The government hopes the new www.govnet.bs portal will bring about faster processing for applications and payments to a range of departments. Services expected to be online next year under the new initiative include payments for business licence fees and property taxes, renewal of driver’s licences and allowing vendors to monitor purchase orders from government.

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Colina pairs with local design firm to scoop award

The insurance giant Colina Insurance Ltd teamed up with local firm Karma Design on a company-wide rebranding, winning the coveted Silver Quill Award in Publication Design for its 2009 Annual Report. 

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TheBahamasInvestor.com
Friday, November 19, 2010
Friday, November 19, 2010

Insurance company Colina has won a Silver Quill Award in Publication Design for its new look 2009 Annual Report entitled Ahead of the Curve.

The Silver Quill awards are awarded annually by the International Association of Business Communicators (IABC). Colina’s report was entered into the IABC Southern Region category, which includes 14 southern US states and four Caribbean countries.

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CEO of insurance company targets new trends in the market, such as third party administration and self-funded healthcare, to stay ahead in economic downturn. 

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TheBahamasInvestor.com
Friday, November 19, 2010
Friday, November 19, 2010

BAF Financial & Insurance (Bahamas) Ltd is tapping into new markets and capitalising on industry trends to ride out the financial downturn and ensure future growth.

Chief executive officer Chester Cooper explains: “We are building on our core values, finding new ways to serve our clients and attract new ones. We want to expand the reach of our offerings.

“We are going where the people are–people need to save and invest more now than ever before to enhance their quality of life and improve their stake for their children. Everybody aspires for their children to be better off than they were. We are giving them the tools to do that.”

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