STOCKHOLM, Sweden: Dec. 13/11 (PR Newswire) – DigitalRoute today announced that MediationZone from DigitalRoute has been selected by BTC, the Bahamas telecommunications company, to support their ongoing 4G and NGN projects.

Bahamas Telecommunications Company (BTC), the country’s sole wireless provider is targeting to roll out its 4G network during 2011, enabling 20 to 30 times faster data speeds compared to what is available today.

For major communication service providers in the world, massive volumes of usage records are processed every day in order run mission critical applications. Mediation reduces the number of point integrations and provides the functions to efficiently manage usage data before it reaches the business support systems.

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This is an excerpt from The Sacramento Bee as it appeared on December 13, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Fourteen financial services related bills have now passed the upper and lower houses of Parliament. They now require assent by the Governor General.

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Minister of State for the Environment Phenton Neymour has said that the support of the Inter-American Development Bank (IDB) and the Global Environment Fund (GEF) has played a pivotal role in providing funding for the National Energy Policy.

The Minister made the remarks at a conference held last week in Nassau.

With the theme “Implementing Sustainable Energy Projects in The Bahamas: Solar Water Heater and Solar Photovoltaic Systems Pilot Programme,” the three organizations have been successful in starting a CFL (compact fluorescent lamp) distribution campaign to initiate awareness of the weight that residential energy efficiency holds in reducing the national energy bill.

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NEW DELHI, Dec. 13/11 – India Reliance Industries has significantly stepped up gasoline sales to North and South Americas and routed shipments via giant fuel tanks at Bahamas, contributing to the sudden and dramatic rise in India’s exports to the Caribbean nation that has baffled government authorities.

The value of Reliance’s fuel shipments to Bahamas would rise 50% to $3.2 billion in 2011-12 if it keeps exporting fuel at the current rate – $1.9 billion in the first seven months of the fiscal year.

Surging exports to Bahamas have raised eyebrows as the value of shipments to the country, which is smaller than the Jamnagar district where Reliance’s refinery is located, jumped to $2.2 billion in 2010-11 from negligible levels two years ago.

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This is an excerpt from The Economic Times as it appeared on December 13, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Farmers in North Andros met with wholesalers, hoteliers, restaurateurs, chefs and delegates from the Ministry of Tourism and Aviation during a convention on the island last weekend.

Hosted by Bahamas Agricultural and Industrial Corporation (BAIC), it marked the second time buyers, mainly from New Providence, and farmers met to discuss the way forward in food production.

Lush winter vegetables grow in North Andros. (BIS Photo/Gladstone Thurston)

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FREEPORT, Bahamas – With an active cruise year on the horizon for 2012, officials of The Grand Bahama Port Authority, Limited (GBPA) are partnering with Florida Caribbean Cruise Association (FCCA), the Freeport Harbour Company (FHC) and the Ministry of Tourism (MOT) to host a “Tourism Opportunity, Awareness and Training Seminar in an effort to better Grand Bahama’s tourism product rankings.

According to GBPA President, Mr. Ian Rolle, with the expected increase in cruise ship calls for 2012, Grand Bahama has some work to do in order to boost its tourism product ratings. “Earlier this year, Grand Bahama received very low ratings as a cruise port by passengers; we hope to change that,” he shared. “By bringing industry stakeholders and partners together, we can collectively address the specific request and or complaints of passengers visiting the island, then determine what measures could be put in place quickly to raise Grand Bahama’s rankings as a tourism destination.”

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This is an excerpt from The Bahamas Weekly as it appeared on December 12, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Pictured from left are: Tommy Turnquest, Acting Minister of Foreign Affairs and Minister of National Security; Sir Arthur Foulkes, Governor General of the Commonwealth of The Bahamas; Enersto Soberón Guzmán, Ambassador; and Joan Lady Foulkes. (BIS Photo/Derek Smith)

Sir Arthur Foulkes, Governor General, left, accepts Letters of Credence from Enersto Soberón Guzmán, accrediting him Cuban Ambassador to The Bahamas, during a ceremony at Government House on Thursday, December 8, 2011. (BIS Photo/Derek Smith)

Dec. 8/11 – Credit unions are very important providers of financial services in The Bahamas. Presently, there are ten (10) credit unions which come under the supervisory purview of the Department of Cooperative Development, Ministry of Agriculture & Marine Resources, and are governed under the Cooperatives Societies Act, 2005 along with other cooperatives. At end-December 2010, assets of the credit unions aggregated $250.1 million, representing an average annual growth of 9.3% over the past five years, and with membership at some 38,000 persons. The sector’s increased intermediation of funds, together with the Government’s desire to rationalize the financial regulatory landscape, have significantly influenced its decision to bring credit unions within the regulatory and supervisory remit of the Central Bank.

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This is an excerpt from The Central Bank of The Bahamas as it appeared on December 9, 2011. For updates or to read the current version of this post in its entirety, please click here.

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This is an excerpt from Tourism Today Bahamas as it appeared on December 9, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Bahamian real estate agents are building links worldwide and improving services to expose the market to a wider audience of international investors.

The Bahamas Real Estate Association (BREA), which was formed in 1959 and is responsible for licensing every real estate agent in The Bahamas, joined the International Consortium of Real Estate Associations (ICREA) in June and is also working closely with its sister organization, the Realtors Association of the Palm Beaches (RAPB), based in Florida to attract buyers from overseas and stay ahead of developments in the sector.

“We keep in touch with international organizations,” explains BREA president Patty Birch. “We look at what trends are happening, what’s going on with buyers and what legal issues are affecting the market.”

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