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Investor injects $1.099m more into oil recovery plant

A UK-based investor yesterday said it had invested another $1.099 million into a Grand Bahama-based company to help finance its Freeport-based oil hydrocarbon recovery plant.

Cans for kids launches 'Spring Bash Collection Competition'

THE non-profit organisation Cans for Kids is announcing its first “Spring Bash Collection Competition”.

Senior official to oversee Social Safety Net scheme

THE appointment of a senior government official to oversee the process leading to the implementation of the Social Safety Net Programme is a clear sign of the government’s commitment to improving the lives of citizens, Minister of Social Services and Community Development Melanie Griffin said.

Cans For Kids launchs 'Spring Bash Collection Competition'

By ALESHA CADET

Learn how to play tennis for just $1

THE Bahamas Lawn Tennis Association introduced its $1 Saturday, a new program they intend to run to provide another avenue for youngsters to learn the game of tennis.

Baha Mar eyeing 2013 'mixed bag'

Baha Mar yesterday forecast “a mixed bag for 2013” at its two existing resorts, predicting 4 per cent occupancy growth at the Sheraton but a “deterioration” at the Wyndham sparked - at least in part - by a 25-30 per cent room inventory drop.

Aircraft registry opening 'won't last very long'

The Bahamas’ window of opportunity to establish a competitive international aircraft registry “won’t remain open very long”, a local attorney warned yesterday, as rival international business centres continue to get a head start on this nation.

Realtor calls for stamp, real property tax 'double win'

A leading realtor believes the Government could achieve a “double win” if it implements creative policies to bolster Stamp Duty and real property tax revenues, while also stimulating the ‘investment property’ market.

Bahamas sees off Belize

The Bahamas moved to 2-0 in the International Cricket Council’s Tournament of the Americas Division II competition.

Bahamas passes biggest test yet

IN their biggest test in the International Cricket Council’s Tournament of the Americas Division II competition, the Bahamas survived with a 14 run victory over Argentina to highlight day one action at Haynes Oval.

Marathon generates almost $2m spend

MARATHON Bahamas organisers said yesterday that this year’s event generated around 2,000 room nights for the hotel industry, resulting in just under $2 million in overall tourist spend.

Port's cargo volume 10% above forecast

By NEIL HARTNELLThe Arawak Cay Port’s container throughput volumes are “about 10 per cent” ahead of forecasts for the first half of its 2013 financial year, making tariff cuts a distinct possibility with a further Baha Mar-related boost expected by March.

CHAMBER VOICE: Think before the expansion leap

In a familiar passage of sacred text, Jesus tells Simon Peter, an experienced fisherman, to launch out into the deep and cast The Net on the other side.

Attorneys: Real estate legal work down 90%

Two leading attorneys yesterday said real estate-related legal work in Freeport was down by “more than 90 per cent” compared to pre-recession levels, with an Albany or Baker’s Bay-style development vital to a market turnaround.

Summit set to address 'slow' captive growth

This weekend’s International Business and Financial Summit (IBFS) will address why the Bahamas has been seeing “relatively slow” growth in its captive insurance business, despite its remodelled External Insurance Act.

Strange sight at Atlantis

A TEAM of 28 Atlantis aquarists, divers and veterinarians completed the transfer of a 1,110-pound manta ray from the resort’s 2.7 million-gallon marine habitat back into the Atlantic Ocean as part of their renowned release and research programme.

Minister: Web shop money laundering fear 'not very high'

A Cabinet Minister yesterday said money laundering concerns stemming from a banned/underground web shop gaming industry were “not very high”, but others said it would be “naive” not to think the situation may attract international attention.

'Mergers' boost Fidelity funds' assets by $8m

RoyalFidelity Merchant Bank & Trust yesterday said it had used ‘mergers’ to increase the asset bases of its two oldest mutual funds by $8 million apiece, adding that a net $1 million subscriptions inflow into its equities fund indicated renewed demand for listed stocks.

Bahamas 'leaps and bounds' behind rivals on renewable energy

RIVAL Caribbean nations are “leaps and bounds ahead of the Bahamas” on renewable energy implementation, although one local provider is aiming to close the gap by investing in development of a trained installation workforce.

Bahamas ‘leaps and bounds’ behind rivals on renewable energy