Category Archives: Bahamas

The Bahamas was well represented at the Cruise Lines International Association's (CLIA) Cruise360 Conference and Trade Show, which recently took place at the Greater Fort Lauderdale Convention Centre in Florida.

The Bahamas used the show to forge links with key travel agents, cruise line executives and industry representatives through a series of networking events, educational workshops and trade show exhibitions.

Glenda Johnson, the Bahamas' Florida-based director for cruise and maritime development, said: "It's crucial to educate agents so that they can better sell to their clients."

CLIA is the world's largest cruise industry trade association.

The cruise industry surpassed 2016 passenger projections, reaching 24.7 globally, up from a projection of 24.2 million.

Passenger numbers are again forecast to grow this year to 25.8 million.

According to the cruise industry, 72 per cent of cruise sales are generated by travel agents.

In the luxury cruise segment, 93 per cent of worldwide cruise sales are generated by travel agents.

The demand for cruising has grown 62 per cent over the past two years, and eight of 10 agents in the US expect sales to increase in 2017.

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Bahamas Well Representedat Key Cruise Industry Show - Bahamas Tribune

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

A prominent governance reform campaigner warned yesterday that the Bahamas has "no time for mistakes" on fiscal reform, with Moody's having expressed alarm at the deterioration unveiled in the 2017-2018 Budget.

Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Tribune Business that this nation was "absolutely on the radar" of both credit rating agencies - Moody's and Standard & Poor's - reiterating that he, too, was shocked by the vast gulf in the fiscal forecasts between the Minnis administration and its predecessor.

"When one administration says that it is going to narrow the deficit and it doesn't happen, it just makes us all look stupid," he said. "That's not good from a number of standpoints; there are no ifs, ands or buts about it.

"The reality is that we have to do better with managing our fiscal affairs.

"We have to take this stuff very seriously or we are going to face some very hard socio-economic times."

Moody's recently warned that the Minnis administration's much-revised fiscal forecasts, and its planned $722 million borrowing, show this nation's fiscal strength was "much weaker" than it had bargained for.

The ratings agency wrote-off its previous projection that the Bahamas' direct government debt-to-GDP ratio would stabilise below 70 per cent, instead estimating that this will continue to climb through the 2019-2020 fiscal year - in contrast with the Government's forecast that it will peak near 73 per cent in 2017-2018.

Mr Myers said that while the Minnis administration appears to be saying the right things, how effective it can be remains to be seen. "The new administration is saying the right things for the most part," he agreed.

"The question remains how effective they can be in terms of making it happen, and does it have enough people who understand the changes that need to be made in order to make that happen.

"We really don't have time for mistakes.

"We need people in there that are going to do what they say and act responsibly.

"There needs to be a big shift in the culture of governance in this country."

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Moody's Shows Bahamas Has 'No Room For Mistakes' - Bahamas Tribune

Playing Inside Kanye West's 40th Birthday in Bahamas With Kim Kardashian and Their Kids: 'No Work or Social Media'

"No More Parties in L.A." for Kanye. Even for his 40th birthday!

A source close to Kanye West and wife Kim Kardashian West tells ET that the couple "had a great time on vacation in Baker's Bay [on the island of Great Guana Cay in the Bahamas] for his birthday."

MORE: Kim Kardashian Shares Sweet New Photo of Son Saint With Her Grandmother M.J.

"They spent six days at a private home and were able to go totally off the map," the source adds. "No work or social media, it's just what their family needed. Kanye brought his friend, Don Crowley, along with his family. The children had a great time. They hung around at the pool most of the day."

The source also tells ET that they stayed at the home of Mike Meldman, the third owner of Casamigos Tequila with Rande Gerber and George Clooney. Kim has stayed at the locale before, as well as sister Kourtney Kardashian.

EXCLUSIVE: How Kim Kardashian and Kanye West Have Changed Since Robbery and Hospitalization

Kanye officially turns 40 on Thursday, and Kim's only posts leading up to the big day so far have been a throwback of her and her husband, aptly captioned, "Almost your birthday," as well as a sweet plane pic with the couples children, 3-year-old North and 18-month-old Saint, apparently leaving the family birthday-cation.

Almost your birthday

A post shared by Kim Kardashian West (@kimkardashian) on Jun 6, 2017 at 10:05pm PDT

A post shared by Kim Kardashian West (@kimkardashian) on Jun 6, 2017 at 4:30pm PDT

Kanye has taken a sabbatical from public events in the wake of his and Kim's traumatic past year, which included his wife being robbed at gunpoint in Paris, as well as his hospitalization shortly thereafter. So it's no surprise that this birthday was decidedly more low-key. It's a stark contrast to past birthday's Kim has thrown the rapper, such as his 38th, where Kim rented out Staples Center in Los Angeles, organizing a star-studded pickup basketball game that included John Legend, Justin Bieber, and several NBA stars -- from James Harden, to Kobe Bryant, to Magic Johnson and more.

MORE: Kanye West Showered With 39th Birthday Praise by His Kardashian-Jenner Family -- See All the Love for Yeezy!

As fun as that must have been, we have to imagine a tropical getaway with his wife and two young children made his 40th that much more special!

Happy birthday, Kanye!

Watch the video below for more on the couple's low-key year.

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Inside Kanye West's 40th Birthday in Bahamas With Kim Kardashian and Their Kids: 'No Work or Social Media' - Entertainment Tonight

By NEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

The Bahamas has been ranked among the top six nations in the Latin American and Caribbean region for the development of data centres, although high electricity costs remain a major obstacle to further growth.

An Inter-American Development Bank (IDB) report, titled Data Centres and Broadband for sustainable economic and social development, ranked the Bahamas as the Caribbeans leader in developing such facilities, placing it alongside regional giants such as Brazil and Argentina.

Using its own Data Centre Development Index (DCDI), the report said: According to DCDI, the top seven Latin American and Caribbean countries for the construction of data centres are Argentina, the Bahamas, Brazil, Chile, Costa Rica, Panama and Uruguay. Unsurprisingly, recent data centre investments are occurring in most of these countries.

Data centres are used to store, manage and distribute data on behalf of hundreds of companies, centralising their information technology (IT) operations and equipment. They are built to withstand natural disasters, and provide security against fire and theft, and are seen as a vital cog in developing knowledge-based economies - a key target for the Bahamas.

Given the increasing role IT is playing in economies and societies, the IDB report said: Data centres, where information is stored and processed, are essential for the development of the ICT ecosystem.

The speed of networks, security of the critical infrastructure and information, and the quality of public services, data and systems all depend on the availability and quality of data centres. Due to their vital role, the design and development of these centres is a priority for both private stakeholders and governments in Latin American and Caribbean (LAC) countries.

The report indicates that the Bahamas has a strong foundation on which to build a knowledge-based economy, ranking the Bahamas among six of 26 Latin American and Caribbean countries who show very high values for economic development and connectivity.

Argentina, Brazil, Chile and Uruguay have very high levels of fundamental infrastructure, while the Bahamas and Panama show moderate levels of that pillar, the IDB report and its authors state.

The level of data centre infrastructure is very high for Panama, high for the Bahamas, Chile and Uruguay, moderate for Argentina, and low for Brazil. Finally, values for the CIP (Critical Protection Infrastructure) pillar are very high for Bahamas, Brazil, Chile, and Uruguay, high for Argentina, and low for Panama.

Assessed on five criteria, the Bahamas was ranked fourth out of 26 for data centre development, behind only Uruguay, Chile and Brazil, but ahead of Argentina, Panama, Costa Rica and all Caribbean rivals.

This nations weakness was identified as the relatively high cost of electricity, given that data centres and communications networks require significant amounts of energy to operate. Operational costs as a percentage of communications company revenue was also high in the Bahamas.

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Bahamas Tops Caribbean On Data Centre Expansion - Bahamas Tribune

Tournament Website

PHILADELPHIA Get out your sunblock, and book your flights the University of Pennsylvania womens basketball team is heading to the Bahamas! The 2016 and 2017 Ivy League Champions will play two games and celebrate Thanksgiving in the Caribbean during the 2017-18 season.

Penn will take on Georgia Tech and either Baylor or Missouri State as part of the 2017 Junkanoo Jam annual tournament. Penn will take on the Yellow Jackets in the opening round and will play one additional game as part of the event. Game dates and times are to be determined.

Under head coach Mike McLaughlin, the Quakers have made these destination trips a habit. Last season, the Quakers spent New Years Eve in Southern California where they posted two wins over UC Riverside and CSU Northridge to ring in the New Year. The Red and Blue have also competed in Italy, Hawaii, Miami, San Diego and Chicago in recent seasons.

"Our players hear me say it a lot, but it is true," McLaughlin said. "Their time as a student-athlete at Penn is all about the experience. We play to win no matter where we go, but it's not always just about basketball. These are trips, moments and games that they will remember their entire lives, and that's what these four years are truly about - strengthening friendships and making memories that will last a lifetime."

This will be the program's first trip to the Bahamas and more details on this trip will be available in the coming months. A complete 2017-18 schedule will be announced late this summer.

#FightOnPenn

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Bahamas Bound! Women's Basketball Set for Thanksgiving Caribbean Tournament - Penn Athletics

ByNEIL HARTNELL

Tribune Business Editor

nhartnell@tribunemedia.net

Moodys yesterday expressed alarm at the significantly worse fiscal deteriorationunveiled by the Governments 2017-2018 Budget, although its lead analyst indicated no junk downgrade for the Bahamas is imminent.

The credit rating agency, clearly taken aback by the Minnis administrations much-revisedfiscal forecasts, warned the global markets that its planned $722 million borrowing showed this nations fiscal strength was much weaker than it had bargained for.

Forced by surprise to adjust its own fiscal forecasts, Moodys wrote-off its previous projection that the Bahamas direct government debt-to-GDP ratio would stabilise below 70 per cent, instead estimatingthat this will continue to climb through the 2019-2020 fiscal year - in contrast with the Governments forecast that it will peak near 73 per cent in 2017-2018

Warning that the Bahamas debt-to-GDP ratio was the highest for any country it had rated one notch above so-called junk status, Moodys said this nation was seeking to achieve fiscal consolidation from a more negative starting-off point - especially given its vulnerability to major hurricanes in the absence of funding reserves to cover damages.

The Budget indicates that the Bahamas fiscal outlook is significantly worse than what we had incorporated into our current projections, the credit rating agency said. Revised government estimates point to a higher deficit for fiscal 2017, and deficits (rather than surpluses) in the coming years.

Wider, serial deficits will lead to rising debt and delayed debt stabilisation. Whereas we previously had expected that debt would stabilise this year, we now forecast that debt-to-GDP will rise until 2019, peaking above 70per centof GDP. The combination of significantly worse fiscal deterioration and delayed stabilisation of debt metrics puts downward pressure on the Bahamas credit profile.

Moodys said the new governmentsestimate of a $500 million deficit for the 2016-2017 fiscal year included revenue underperformance and expenditure slippage under the former Christie administration, as well as the impact from Hurricane Matthew.

The New York-based rating agency noted that the current fiscal years deficit was equivalent to 5.5 per cent of Bahamian economic output (GDP), and contrasted this with both the $350 million (3.8 per cent of GDP) and $100 million (1.1 per cent of GDP) estimates given by the previous government - the former as recently as March 2017.

Pointing to the obvious contrasts and contradictions between the two governments estimates, Moodys added: Through the first eight months of fiscal 2017, the deficit had reached $290 million, implying a 72per centwidening of the deficit to match the FNMs estimate in the past four months.

Authorities said that borrowing plans for fiscal 2018 will total $722 million (7.8per centof GDP) to cover unfunded spending committed in fiscal 2017, and the expected deficit in fiscal 2018. This indicates that the Bahamas fiscal position is much weaker than we had previously expected, even after accounting for the slippage caused by Hurricane Matthew.

Consequently, we no longer expect the Bahamas debt levels, which had already climbed to 67.3per cebtof GDP from 48 per centof GDP during the past five years, to stabilisebelow 70per centof GDP. Instead, we expect that they will rise at least through fiscal 2019. At these levels, the Bahamas debt-to-GDP ratio will be the highest for an emerging market sovereign rated Baa.

Moodys also described the Governments deficit reduction, and fiscal consolidation targets, as somewhat optimistic given the Bahamas four consecutive years of zero or negative economic growth.

It added: Although fiscal consolidation efforts, including boosting revenues through higher tax compliance and measures to rein in expenditures, have the potential to stabilise the debt trend, the Budget communication clearly points to a more negative starting-off point.

Additionally, there remain downside risks owing to a still-weak, albeit recovering, economy and the Bahamas susceptibility to climate-related events, such as hurricanes, that imply a fiscal cost in the absence of buffers.

The Budget envisions a somewhat optimistic deficit reduction path through fiscal 2020 without material changes to current policy, particularly in a still weak economic environment, Moodys continued.

The new government forecasts a deficit of $322 million (3.4per centof GDP) in fiscal 2018, and deficits of around 2.3per centof GDP in fiscal 2019 and 1.1per centof GDP in fiscal 2020. This compares with previous official estimates of a small deficit of $28 million (0.3per centof GDP) in fiscal 2018 and surpluses beginning in fiscal 2019.

Theonly good news from the Bahamas perspective is that it retained its investment-grade rating with Moodys - at least for the moment.

Renzo Marino, the Moodys assistant vice-president, and lead country analyst for the Bahamas, told Tribune Business that while the 2017-2018 Budgets contents were a credit negative for this nation, it wanted to assess the bigger picture as it related to economic growth and fiscal reforms before taking any rating-related action.

At this stage, the fact the Government sees the fiscal strength is weaker is definitely a credit negative from our perspective, he said in an interview with this newspaper. [But] we still want to assess a few things.

Looking at the Budget document and the projections put there, we want to wait and see how the economy performed last year to give us an idea of what future growth in 2017-2018 might be, especially in the context of Baha Mar and the boost thats expected to provide to the economy, and how this will affect the debt metrics of the Government. Based on that, well review the rating of the Bahamas.

Moodys currently rates the Bahamas sovereign creditworthiness at Baa3with a stable outlook, keeping it at one notch above junk status following a previous downgrade in August 2016.

Unlike Standard & Poors (S&P), which downgraded the Bahamas to junk earlier this year, Moodys has taken more of a glass half-full position on the Bahamas and given it time to get its economic and fiscal house in order.

That approach, though, may have been jeopardised by the suddenness, and magnitude, of the correction to the Governments fiscal estimates, which drag out the fiscal consolidation process amid an ever-increasing national debt which - when the liabilities of the public corporations are factored in - is now around 80 per cent of GDP or four-quarters of the Bahamas total annual economic output.

Mr Merino saidthat following last Augusts downgrade, Moodys had expected both the Bahamian economy to start recovering from years of weak performance and the Governments debt to show signs of medium-term stabilisation.

Even allowing for Matthews impact, the rating agency had still expected the debt-to-GDP ratio to peak this year - then stabilise - until last weeks Budget.

The incoming government presented a worse fiscal situation for the Government, Mr Merino said. One of the take aways from the communication, and this is the key, is that without any measures the debt will continue to rise for the next two to three years.

Moodys acknowledged the fiscal measures outlined in the 2017-2018 Budget, saying: The FNM government has stated that over the coming months it will perform a review of revenues and expenditures to identify opportunities for greater fiscal consolidation than what the Budget presented. Authorities also will seek to introduce fiscal responsibility legislation, strengthen procurement processes and increase overall fiscal transparency.

Mr Merino said Moodys understood that the Government would assess potential measures to reduce spending and enhance revenues within the next 90 days, and wanted to discuss these and other aspects of the Minnis administrations plans when it made its annual summer visit to Nassau.

The Moodys analysts comments underscore how theGovernment needs to restore trust in its fiscal credibility, with thenine-figure gap between the Minnis administrations projections and those of the prior government threatening to undermine business, investor and consumer confidence - as well as that of thecredit rating agencies - unless the differences were properly explained.

The Government, in unveiling the 2017-2018 Budget, revealed that the upcoming years deficit is projected to be $323 million - an almost $300 million increase from the $28 million in red ink that was forecast by the Christie administration just 12 months ago.

Raising further questions about the former governments fiscal forecasting, the deficit for the current 2016-2017 fiscal year isnow estimated to be $500 million - a five-fold increase upon the $100 million that was forecast last May, and $150 million more than the mid-year Budget estimate - given just three months ago in March.

While Hurricane Matthewplayed arole in the deficit growing 400 per cent beyond projections, the former government was accused ofexacerbating the storms impact by entering into unfunded spending commitments that had created a $300 million government payables backlog.

Based on Moodys comments yesterday, K P Turnquest, the minister of finance, was right to be concerned about how the rating agencies would react to the 2017-2018 Budget. Much now hinges on whether the Government can provide a convincing explanation when it visits.

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Moody'S Gives Alarm On 'Much Weaker' Bahamas - Bahamas Tribune

President Donald Trump speaks about the US role in the Paris climate change accord on Thursday, June 1, in the Rose Garden of the White House in Washington. Photo: Andrew Harnik/AP

THE Ministry of Foreign Affairs has expressed The Bahamas concern regarding the announced withdrawal of the United States from the Paris Agreement on climate change.

The ministry noted that The Bahamas remains committed to the climate accord.

While each nation must determine its own course on international matters, the prospect of the effects of climate change are particularly significant for low-lying, coastal, small island developing states (SIDS) such as The Bahamas, the very existence of which stands to be adversely impacted by climate change and global warming, a statement from the Ministry of Foreign Affairs noted.

The Bahamas remains committed to the Paris Agreement which was signed by 195 parties and ratified by 146 countries plus the European Union, and its aspiration to reduce risk to economies and lives everywhere, and to build a secure and sustainable world.

The Bahamas will continue to work with its partners in the context of the Paris Agreement, as well as its neighbours in the United States in ongoing efforts to mitigate the long-term effects of global weather on states in the region, the statement also noted.

Last Thursday, US President Donald Trump announced he was withdrawing America from the Paris Agreement, which some critics see as a blow to the worldwide effort to counter global warming.

Were getting out, Mr Trump said Thursday at the White House. And we will start to renegotiate and well see if theres a better deal. If we can, great. If we cant, thats fine.

The decision was widely denounced by American politicians, pundits and leaders from around the world.

Former US President Barack Obama also criticised the move.

The nations that remain in the Paris Agreement will be the nations that reap the benefits in jobs and industries created, Mr Obama noted in a statement. I believe the United States of America should be at the front of the pack. But even in the absence of American leadership; even as this administration joins a small handful of nations that reject the future; Im confident that our states, cities, and businesses will step up.

In May 2015, then Prime Minister Perry Christie told Parliament that with 80 per cent of The Bahamas land mass within one metre of sea level, climate change was a growing threat.

Our situation is rendered especially urgent in the face of information that ocean acidification, sea surface temperatures and sea levels are already rising, he said.

These processes, particularly sea-level rise, will therefore irreversibly change the geography and ecology of many coastal states and territories. It has been projected that responding to these factors can have particularly disastrous consequences, causing a perpetual recession in each of the Caricom member states for a significant period as our infrastructure, built environment, settlements and economic well-being are concentrated in coastal areas prone to flooding and inundation.

The regions challenge associated with the ongoing climate change negotiations is that even if the goal to limit global warming to 1.5 or 2(degrees Celsius) is achieved, the Caribbean will experience severe adverse impacts for which stronger programmes of adaptation would have to be implemented, Mr Christie said at the time.

America joined Nicaragua and Syria as the only nations that did not sign the Paris Agreement.

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Bahamas Alarm At Us Withdrawal From Paris Climate Change Deal - Bahamas Tribune

For Kim Kardashian and Kanye West, it was time for some R&R in private.

Ahead of the Grammy winner's 40th birthday, the megastar couple and their two children jetted off to the Bahamas for a four-day beachfront stay at Baker's Bay Golf and Ocean Club. As E! News previously reported, the family arrived in the Caribbeanbefore the weekend to kick off their relaxing getaway.

While they're no strangers to mansion life, they got to call a luxurious villa their home for the long weekend, equipped with a separate floor for their guests, West's childhood friend Don Crowley, his wife and their son, as well as a play area for the children and a private pool.

A source tells E! News that, "Kim rented out an island and had all of Kanye'sfriends come and their families. They rented 4 planes and everyone left in secrecy and there was a no social media rule so no one would find them."

Twitter

"It was a fun weekend for the family," a separate insider told us. "Everyone hung out by the pool and the kids played on the beach making sand castles." While 3-year-old North Westspent a lot of time floating around on a pink flamingo raft in her favorite bathing suit, her little brother, 1-year-old Saint West, was busy crawling all over the place. Meanwhile, they had cases of Casamigos tequila flown in for the adults to sip on.

When they weren't by the pool, they were visiting the beach club via golf cart or enjoying a family lunch outside. However, per the insider, they were always flanked by security. "It was very important for them that it was a private weekend and they went out of their way to make that happen."

In the lap of luxury and privacy, the reality star was able to spend quality time with her children and husband. As for unwinding, a source said West got the chance to nap and Kim considered it one of the most relaxing vacations they've had in a while.

According to another insider, the trip doubled as bonding time for North, Saint and their family friend's son.

Family, friends and free time? What more could anyone ask for in a vacation!

E! Online - Your source for entertainment news, celebrities, celeb news, and celebrity gossip. Check out the hottest fashion, photos, movies and TV shows!

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Inside Kim Kardashian and Kanye West's Private Family Getaway to the Bahamas - E! Online

A cable company based in the Bahamas has tapped Jamaica for financing through two issues of preference shares that will trade on the Jamaica Stock Exchange (JSE).

One of the preference stocks listed Friday has set a new record for price on the Kingston exchange $1 million per share.

Cable Bahamas Limited, a publicly listed company in its home market, is raising capital to position itself for more aggressive competition against rival Bahamas Telecommunications Company, the Liberty-owned sister operation to Flow.

Cable Bahamas started diversifying into mobile phone services last November to grow its operations having tapped Scotia Investments Jamaica Limited to help raise funds for the project. Jamaican investors bought up $1.9 billion of preference shares from the telecom and on Friday both securities were listed on the JSE, fulfilling a commitment to the subscribers of the offer.

JSE Managing Director Marlene Street Forrest used the opportunity to lobby the cable company, and others, to cross-list their ordinary stock in Jamaica.

Although the company was hailed as the first Bahamian listing on the JSE, it is more correct to label it as the first Bahamian-owned entity to list on the JSE. Margaritaville Caribbean Limited, for example, whose preference shares were listed on the JSE in 2014, is a Jamaican-owned but Bahamian-registered operation.

Incidentally, Margaritaville Caribbean announced Friday that it would be delisting its prefs from the JSE, hours after Cable Bahamas prefs were added to the listing board.

"I wish to encourage Cable Bahamas and any other and other companies listed on the exchange to continue to provide value for shareholders because I would imagine that this will not be your first or second listing you will be coming back," Street Forrest said. "You will be having a presence in Jamaica and we know that we will always be working with you."

Scotia Investments was approached by Cable Bahamas to arrange a private placement of fixed rate redeemable cumulative preference share with institutional investors. Funds raised through this offer totalled $1.9 billion, broken down into two preference share issues valued at US$4.09 million and $1.35 billion, which will trade respectively on the JSE's USD Market and Main market.

The USD listing under the symbol CA11A comprises 4,090 shares valued at US$1,000 each. The JMD listing, CA11B, comprises 1,349 units valued at $1 million each.

Scotia Investments CEO Lissant Mitchell said the Canadian-owned financial group had a prior relationship with Cable Bahamas, explaining how his company came to structure the financing deal.

"Scotiabank has a relationship with them and it is part of the deeper relationship that we have across the Caribbean, despite being physically based in Jamaica," said Mitchell.

"Our relationships with our Caribbean counterparts are very strong and we use that in most instances as an avenue to ensure that clients across the region that we serve get the best opportunity in achieving their objectives," he said.

As to why Jamaica was chosen over other regional markets for the placement, Mitchell said: "The reality is that the capital market in Jamaica is probably the deepest in the region".

Cable Bahamas was incorporated on September 1994 under the laws of The Bahamas. Its subsidiaries provide cable television and related services, national and international data services, Internet access services, telephony and wireless services, web hosting, and business continuity services.

Chief Operating Officer John Gomez said the funds raised would back the company's push for a piece of The Bahamas' US$300 million mobile telephony market, a move he said was a critical part of the company's growth strategy.

"Growth is expected to come from the expansion in mobile. Since November of last year in terms of moving into that space we've acquired just under 30 per cent of that market," Gomez said, noting the company had invested heavily in the necessary infrastructure, equipment and personnel.

Cable Bahamas' subsidiaries include Cable Freeport Limited, Caribbean Crossings Limited, Maxil Communications Limited, Systems Resource Group Limited and Be Aliv Limited, all of which are incorporated in the Bahamas; and Summit Vista Inc, which is incorporated in Florida.

The company is listed on the Bahamas International Securities Exchange. Gomez said Cable Bahamas went public in 2002 and strengthened further through acquisition.

"We've built a network and a suite of services that is entirely Bahamian. We do bring in some expertise for some specialities that we have, but the entire thing from management to technical team is all Bahamian - and that is something we like to brag about," he said.

neville.graham@gleanerjm.com

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Bahamas cable company taps Jamaica for capital - Jamaica Gleaner

PEOPLE.com

Kim Kardashian and Kanye West Head to the Bahamas for His 40th Birthday Celebration PEOPLE.com The Bahamas birthday celebration follows a trying few months for Kim and Kanye. Earlier this year, sources told PEOPLE the couple hit a rough patch in their marriage following fallout from Kim's harrowing Paris robbery and Kanye's grueling tour schedule. Kim Kardashian & Kanye West Once Again Give Us Vacation EnvyRefinery29 Kim Kardashian & Kanye West Touch Down In The Bahamas To Celebrate The Rapper's 40th Birthday Early!PerezHilton.com Kim Kardashian and Kanye West Arrive in the Caribbean for Early Birthday CelebrationE! Online HarpersBAZAAR.com -Hollywood Life -HipHollywood.com all 75 news articles »

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Kim Kardashian and Kanye West Head to the Bahamas for His 40th Birthday Celebration - PEOPLE.com