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Bahama Islands News, Articles and Information

$18 billion worth of projects

An estimated $18 billion in investments are in the pip-eline for The Bahamas and will create unprecedented opportunities for Bahamians, Minister of Financial Services and Investments Vincent Peet told a financial seminar.

The Minister was addressing the Bahamas Financial Services Board's Combined Private Wealth Management Funds Sector Bahamas seminar at the British Colonial Hilton, on Wednesday.

Participants examined issues affecting the financial services industry, particularly the country's financial services sector that contributes about 20 percent to the Gross Domestic Product and directly employs approximately 4,186 persons.

The Central Bank of The Bahamas 2005 Quarterly Economic Review stated that the industry invested $16.3 million in capital expenditure and contributed upwards of $35.2 million toward government fees, $2.4 million on staff training and $402.7 million on salaries.



Bahamas investigating Anna Nicole Smith

NASSAU, Bahamas - Authorities are investigating whether Anna Nicole Smith legally obtained permanent residency in the Bahamas, the country's immigration director said Thursday.

The probe centers on a $1 million house that Smith's law firm said she had purchased, meeting a requirement for permanent residency in the island chain, said immigration director Vernon Burrows.

Gaither B. Thompson, a developer from Myrtle Beach, S.C., has told The Associated Press that he owns the house where the 38-year-old reality star moved while pregnant with her daughter. Thompson declined to comment further. .



Kincaid receives honorary doctorate

Renowned Antiguan author Jamaica Kincaid was among four recipients of honorary doctorates at the recent 2006 graduation of the University of the West Indies, St. Augstine Campus in Trinidad.

The other awardees were the President of the Republic of Trinidad and Tobago Professor George Maxwell Richards, Belize's first premier Rt Hon. George Price and Trinidadian economist Lloyd Best.

The three gentlemen were conferred with honorary Doctor of Laws degrees while Kincaid received an honorary Doctor of Letters degree.

Rather than deliver a traditional acceptance address, a visibly moved Kincaid chose to read a powerful passage from her first short story, Girl. The acclaimed Caribbean novelist, who now lectures at Harvard University, quipped, “Any advice I have to give you, I beg you not to take it."

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More Tourists Are Victims of Break-Ins At Small Hotels and Resorts ...

Frank and Ann Miller of Hannibal, Mo., found out in the hardest possible way that a vacation villa in the Caribbean can be unsafe. Last winter, the couple rented a posh house for a month in the intimate beachside resort of Rendevous Bay on the island of Anguilla. One morning in January they woke to find two armed and masked bandits in their bedroom. The intruders fled, but not before shooting the Millers, seriously wounding Ann. No arrests have been made.

An isolated incident in the paradisiacal islands? Yes and no. Travelers to Anguilla (population 13,000), the northernmost island in the Caribbean's Leeward chain, reported no threats with guns in 2004, two in 2005 and one this year, according to the Anguilla police.

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