International Protector Group (IPG), a leading fiduciary services provider, announced May 22, the official opening of IPG Switzerland GmbH. The new company fills a vital niche in estate planning by providing professional protector and related services to trusts and foundations, to safeguard the interests of the settlor and the beneficiaries of a trust.

In particular, the new company will allow Swiss-based trustees and their professional advisors to take advantage of the newly announced Bahamas Executive Entity, which acts as a power holder to resolve complex governance issues in fiduciary and wealth planning structures.

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Bahamas Telecommunications company launched its 4G network in Treasure Cay and Marsh Habour, Abaco, last weekend. Watch a ZNS news report on the launch here.

The Ministry of Tourism is increasingly using social media to promote The Bahamas as witnessed by its recent “16 islands, 16 weddings” Facebook campaign. Watch a report on the initiative here.

Governor General Sir Arthur Foulkes presented 10 new government Senators with their Instruments of Appointment during an Appointment Ceremony at Government House, May 21, 2012.

The new Senators include:

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NEW YORK, May 21, 2012 /PRNewswire via COMTEX/ — Vitech Systems Group announced today that The National Insurance Board of the Commonwealth of The Bahamas (NIB) has selected Vitech’s software as its new Social Security Administration Solution. The new system will process pension, insurance and other benefits for the Bahamas’ 350,000 citizens.

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This is an excerpt from MarketWatch as it appeared on May 22, 2012. For updates or to read the current version of this post in its entirety, please click here.

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The Bahamas Chamber of Commerce and Employees Confederation (BCCEC) has teamed up with the US Embassy to deliver two International Trade and Financing Seminars, the first of which takes place at the Sheraton, Nassau May 22.

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The Cabinet Office has announced the appointment of Sharon Wilson, a former President of the Senate and noted attorney and former magistrate; Joseph Curry, a business consultant and former diplomat; and Cheryl Bazard, a noted attorney, as senators under Article 39 (4) of the Constitution.

With these three final appointments, the senate is now fully constituted.

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This is an excerpt from ChartoftheDay.com as it appeared on May 21, 2012. For updates or to read the current version of this post in its entirety, please click here.

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The $3.4-billion mega-resort Baha Mar, currently under construction in Nassau, will lift the Bahamian construction industry out of a recent slump and encourage further foreign investment, according to the head of the Bahamian Contractors Association (BCA).

BCA president Godfrey Forbes believes that as Baha Mar, which is part funded by the Import-Export Bank of China, moves into the next stage of construction, it will motivate other potential investors to kick-start their own projects.

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Watch the second video posted by Tourism Today Network about the plans One Eleuthera Foundation has for the Family Island to boost tourism and the local economy. Watch an interview with executive director Shaun Ingraham.