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Disproportionate impaired loans in the Caribbean weighing down Canadian banks

March 4, 2015
Disproportionate impaired loans in the Caribbean weighing down Canadian banks NASSAU, Bahamas -- As the extent of the damage suffered by Canadian banks in the Caribbean comes more clearly into focus, so too does the role the misfortunes of the region’s hospitality industry played in inflicting that damage, and so too does the question of how much is too much.

Commentary: CARICOM: We've got company! (with audio)

March 4, 2015
Commentary: CARICOM: We've got company! (with audio) Well, in case you didn't already know, the leaders of the CARICOM nation states held their 26th Inter-Sessional meeting here in Nassau, Bahamas, for two days starting on Thursday, February 26. The Bahamas chairs the CARICOM grouping, with Prime Minister Perry G. Christie as the chair.

Bahamas PM calls for CARICOM plan on Cuba-US ties

February 28, 2015
Bahamas PM calls for CARICOM plan on Cuba-US ties NASSAU, Bahamas -- In an address to representatives of Caribbean Community (CARICOM) member states on Thursday, Bahamas Prime Minister Perry Christie suggested that CARICOM take action to neutralize any adverse impact that could result from the United States’ decision to restore...

Bahamas tourism minister calls for greater participation by the Caribbean as one region

February 26, 2015
Bahamas tourism minister calls for greater participation by the Caribbean as one region FREEPORT, Bahamas -- Bahamas Minister of Tourism Obie Wilchcombe on Friday called for Caribbean nations to get more involved in the tourism trade, and said it is time for Caribbean nations to look at the region as one – working together they could achieve more.

Bahamas reefs suffering extensive damage from predicted runoff

February 26, 2015
Bahamas reefs suffering extensive damage from predicted runoff GUANA CAY, Bahamas -- The once pristine reef system surrounding the tiny island of Guana Cay in the Abacos islands in The Bahamas has suffered extensive damage since construction of the controversial Baker’s Bay development, environmentalists say. The Save Guana Cay Reef Association...

Commentary: Exchange controls and the Bahamian dollar (with audio)

February 26, 2015
Commentary: Exchange controls and the Bahamian dollar (with audio) Since the introduction of value added tax (VAT) in The Bahamas in January 2015, there has been some turbulence. As expected, it's a new initiative, one that places an additional cost on goods and services, so it was expected. One can only hope that, with this additional cost to Bahamians...

US says Bahamas crime threat critical in New Providence

February 24, 2015
US says Bahamas crime threat critical in New Providence NASSAU, Bahamas -- The US Department of State has once again rated the crime threat in New Providence in The Bahamas as “critical”. “While there has been a very slight reduction in some crime classifications reported in 2014 by the Royal Bahamas Police Force (RBPF), violent crime remains...

Caribbean ministers of labour to meet in Bahamas to address sustainable development

February 24, 2015
Caribbean ministers of labour to meet in Bahamas to address sustainable development NASSAU, Bahamas (ILO) -- The ninth ILO meeting of Caribbean ministers of labour, organized by the International Labour Organization (ILO) in collaboration with the government of The Bahamas, will be held on 3-4 March 2015 in Nassau. The meeting will bring together ministers with responsibility for...

Chinese spyware discovery revives Caribbean cyber-security fears

February 21, 2015
Chinese spyware discovery revives Caribbean cyber-security fears NEW YORK, USA -- Lenovo, the Chinese computer manufacturer that has supplied tens of thousands of laptops to Caribbean governments, is reportedly selling computers that come preinstalled with spyware that hijacks encrypted web sessions and may make users vulnerable.

Bahamas participates in climate change meeting in Geneva

February 18, 2015
Bahamas participates in climate change meeting in Geneva GENEVA, Switzerland -- The Ad hoc Working Group on the Durban Platform for enhanced Action (ADP) on the United Nations Framework Convention on Climate Change (UNFCCC) met in Geneva, Switzerland from February 8-13, 2015. The UNFCCC is designed to reduce the emission of...

Silver Airways increases airlift from Florida to Bahamas

February 18, 2015
Silver Airways increases airlift from Florida to Bahamas MARSH HARBOUR, Bahamas -- Travelers flying out of Florida now have even more access to The Islands of The Bahamas with the introduction of several new Silver Airways flights.  On Saturday, Marsh Harbour International Airport welcomed the Silver Airways inaugural flight from Tampa.

Commentary: The Bahamas mid-term budget: Let's give it justice! (with audio)

February 18, 2015
Commentary: The Bahamas mid-term budget: Let's give it justice! (with audio) On February 11, the prime minister of The Bahamas, Perry G. Christie, who also serves as the substantive minister of finance, gave what we call a "mid-term budget" to advise the public and the parliament of the performance of the government on their fiscal management and their economic planning.

Bahamas offers unique opportunity for travellers to swim with pigs

February 17, 2015
Bahamas offers unique opportunity for travellers to swim with pigs NASSAU, Bahamas -- The Bahamas is now the ‘Official Home of the Swimming Pigs’. Visitors to the islands are happily embracing the unique and special experience to swim with the pigs on the uninhabited Island of Big Major Cay, which is home to these special creatures.

Bahamas government to own 51 percent of new cellular company

February 13, 2015
Bahamas government to own 51 percent of new cellular company NASSAU, Bahamas -- The Bahamas government will be the majority shareholder in the new company that will provide cellular service to compete with the Bahamas Telecommunications Company (BTC), Minister of State for Finance Michael Halkitis said on Wednesday.

Bank leak reveals billions from Caribbean stashed in Switzerland

February 12, 2015
Bank leak reveals billions from Caribbean stashed in Switzerland WASHINGTON, USA -- The International Consortium of Investigative Journalists released a report this week revealing billions of dollars held in nearly 60,000 internal Swiss bank documents from 2006 to 2007 leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland.

Bahamas US preclearance leads in currency seizures

February 12, 2015
Bahamas US preclearance leads in currency seizures NASSAU, Bahamas -- US Customs and Border Protection (CBP) officers at the Nassau Preclearance facility seized approximately $845,000 in unreported currency from passengers traveling to the United States from the Bahamas in fiscal year 2014. Individuals are permitted to carry any amount...

First Caribbean Safe and Secure Conference and Exhibition to be held in Bahamas

February 12, 2015
First Caribbean Safe and Secure Conference and Exhibition to be held in Bahamas NASSAU, Bahamas -- Crime and safety are dominant concerns throughout the region as the loss of assets does not respect socio or economic status. As we have also seen in the Caribbean, many of the threats are not only the same but often times there are interconnected crossing borders.

Commentary: The never ending drama in Grand Bahama! (with audio)

February 10, 2015
Commentary: The never ending drama in Grand Bahama! (with audio) If you talk to any resident of Grand Bahama, they will tell you that they hate the government and their constant interference in Freeport and particularly with the Grand Bahama Port Authority (GBPA). But, walk away, and come back within ten minutes, those same people will also tell you that they...

Bahamas, Caribbean taking 'green' tourism seriously

February 7, 2015
Bahamas, Caribbean taking 'green' tourism seriously NASSAU, Bahamas -- One Bahamian resort has recently been recognized for its sustainability practices, and another is on the path towards similar recognition, but action on sustainability in the tourism industry must be more focused in The Bahamas and the Caribbean as a whole.

Bahamas could be bridge between Cuba and Caribbean, says economist

February 6, 2015
Bahamas could be bridge between Cuba and Caribbean, says economist NASSAU, Bahamas -- The Bahamas should not be afraid of a potential influx of Cuban migrants and should consider adopting a more relaxed immigration policy as Cuba eases its diplomatic relations with the US, according to an internationally renowned economist. Economist and journalist David McWilliams...

Largest regional wind power project comes on-stream in Panama

February 5, 2015
Largest regional wind power project comes on-stream in Panama PANAMA CITY, Panama -- Regional energy company InterEnergy Holdings recently completed the installation of several of its turbines in a 215MW wind farm in Panama. The first power came on-stream on January 27 with two of the turbines successfully operating and generating power.

Bahamas attorney general urges patience in bribery investigation

February 4, 2015
Bahamas attorney general urges patience in bribery investigation NASSAU, Bahamas -- Attorney General Allyson Maynard-Gibson on Monday defended the Bahamas government's handling of the investigation into Bahamas Electricity Corporation (BEC) bribery allegations. Maynard-Gibson urged Bahamians to be patient, adding that...

Bahamas deputy prime minister urges journalists and publishers to be objective and forthright

February 4, 2015
Bahamas deputy prime minister urges journalists and publishers to be objective and forthright NASSAU, Bahamas -- In his remarks at the National Newspaper Publishers Association’s mid-winter conference 2015 on Thursday, January 29, Philip Davis, Bahamas deputy prime minister and minister of works and urban development, told the delegates that, as journalists and publishers...

Automated passport control goes live in Bahamas

February 4, 2015
Automated passport control goes live in Bahamas NASSAU, Bahamas -- An automated passport control (APC) system at Nassau’s Lynden Pindling International Airport in The Bahamas officially went live on Monday, allowing US-bound travelers to be processed up to four times faster. Officials expect the new technology – available in only one other...

Award of controversial Bahamas power company contract delayed again

February 3, 2015
Award of controversial Bahamas power company contract delayed again NASSAU, Bahamas -- Notwithstanding numerous delays in the process, Bahamas Prime Minister Perry Christie has indicated that the decision to award a controversial management contract as part of the planned reform of the state-owned Bahamas Electricity Corporation (BEC) will not be finalised...

Commentary: American changes on Cuba: Bad news or good news? (with video)

February 3, 2015
Commentary: American changes on Cuba: Bad news or good news? (with video) President Barack Obama has just now opened up channels for future dialogue with the Communist Republic of Cuba. Most people should have a cursory understanding of the Cuban/American diplomatic, political and economic standoff by now. But as tensions cool now to a new generation of...

Bahamas power company bid raises questions for Washington

February 2, 2015
NASSAU, Bahamas -- A recent report by the Tribune newspaper in The Bahamas stating that US Secretary of State John Kerry certified the integrity of an American company bidding for a multimillion dollar management contract from the state-owned Bahamas Electricity...

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