The Attorney General and Minister of Legal Affairs John Delaney has held consultative meetings with industry, including insolvency practitioners, to discuss views on modernizing and improving the law governing the liquidations of companies under the Companies Act and International Business Companies Act.

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Addressing the Senate on Wednesday last week, the Attorney General and Minister of Legal Affairs John Delaney stressed the importance of the financial services industry to the economy and the government’s role in regulating and promoting it.

“The industry is recognized as representing an estimated 15-20 per cent of the gross domestic product for The Bahamas, second in terms of economic impact to the tourism industry,” he said.

“The government’s primary role is that of regulator. However, as the second industry of our economy, the government must also facilitate the growth, development and general well-being of the sector.”

“So, in addition to ensuring that it is well regulated, the government seeks to facilitate growth and development of the industry by bringing to Parliament the proposed legislation.”

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“Windward Palms” is a splendid 3 bedroom, 2 bath elegantly furnished beachfront home situated on beautiful Windward Beach, within the gated popular residential resort community of Treasure Cay, Abaco, Bahamas. This well maintained, owner occupied home, features 2,500 square feet under roof, plus an additional 1,300 square feet of open patios and balconies and offers an impressive 100 feet of powdery white sandy beach frontage on the Sea of Abaco.

“Windward Palms” is strategically situated on a tropical landscaped, elevated parcel of approximately 16,000 square feet providing breath-taking easterly views of the Sea of Abaco.

This is an excerpt from Abaco Estate Services as it appeared on November 28, 2011. For updates or to read the current version of this post in its entirety, please click here.

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NASSAU, The Bahamas – The restoration of the Montagu Beach in New Providence has commenced.

The work, which is part of the Montagu Foreshore Improvement Project, consists of the construction of groynes that will be backfilled with sand.

The restored beach will extend along the shoreline from Fort Montagu to the fishermen’s dock in the east.

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Built in 1981, Celebration Cruise Line’s Bahamas Celebration isn’t the newest ship at sea — or the most luxurious. But it offers a unique, two-night cruise service from Palm Beach, Florida, to Freeport, Bahamas, that caters to travelers looking for a short getaway. What’s the vessel like on the inside? Click HERE to see our new comprehensive photo tour of the Bahamas Celebration by veteran cruise writer and ship photographer Peter Knego.

Designed as a research tool for vacationers considering a voyage on the ship, the Bahamas Celebration photo tour is the 44th in our ongoing series of ship galleries.

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

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NASSAU, Bahamas – Prime Minister Hubert Ingraham welcomes US Ambassador Nicole Avant during a farewell courtesy call at his office in the Wallace Whitfield Building, November 21.

Aurora – A fitting name for a stunningly beautiful estate residence that truly emanates an aura of fine and comfortable tropical living. From the moment you arrive at the home you are awed by its grandeur and presence. An inviting cool blue swimming pool and jacuzzi form the centerpiece of the estate, surrounded by the impressive main house and two elegant guest cottages that collectively form an architecturally delightful yet truly casual impression!

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This is an excerpt from Christie's International Real Estate as it appeared on November 21, 2011. For updates or to read the current version of this post in its entirety, please click here.

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The Bahamas is set to make its first major foray into sports tourism with the arrival of Bahamas Speed Week, which kicks off next week in New Providence.

Praising the organizers and sponsors of the event, which will see some 40 iconic cars take part in a series of races, Minister for Tourism and Aviation Vincent Vanderpool-Wallace said its success would boost the Bahamas’ brand “immensely” and act as a model for future projects in the sports tourism niche.

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Download/view the full Tax Information Exchange Agreement (TIEA) here.

This is an excerpt from Department of Finance Canada as it appeared on November 18, 2011. For updates or to read the current version of this post in its entirety, please click here.

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Hailed as “the single largest investment in health-care infrastructure” the government broke ground this week on a world-class Critical Care Block at the Princess Margaret Hospital (PMH).

“Today we commence in earnest, the phased redevelopment of the PMH on its present site,” said Prime Minister Hubert Ingraham at the groundbreaking ceremony on November 16. “When completed we expect the PMH will be redeveloped into a 500-bed facility inclusive of a dedicated maternal and child-care wing.”

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