Grand Bahama News
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Tabernacle Academy, Grand Bahama, donates to hurricane relief
Submitted by BIS   
Thursday, 26 November 2015 07:18

HURRICANE SUPPLIES - Students, teachers and faculty from Tabernacle Academy, Grand Bahama, donated a number of food items and cleaning supplies to be distributed to hurricane victims in the central and southern Bahamas on Wednesday. Accepting the donation was Mrs. Michelle Reckley, Deputy Director of Urban Renewal in Grand Bahama. Making the presentation was Genice Saunders, left, and Annamarie Amerthil, pictured right.

105 graduate from National Training Agency in Grand Bahama
Written by BIS   
Wednesday, 25 November 2015 10:51

NATIONAL TRAINING AGENCY STARS - Of the 105 graduates of the National Training Agency's Grand Bahama 2nd and 3rd Cohorts, there were a few young people who stood out during their training. They were described as stars of their group. Shown from left are: Chelsea Wong; Agatha Marcelle, Executive Director, National Training Agency; Charnell Johnson; Colyn Symonette; the Hon. D. Shane Gibson, Minister of Labour and National Insurance, with responsibility for the National Training Agency; Mrs. Elizabeth Keju, Chairman, National Training Agency; Stephanas Smith; and Sanjit Dasgupta.  (BIS Photo/Andrew Miller)FREEPORT, Grand Bahama - One hundred and five trainees of the National Training Agency's Grand Bahama 2nd and 3rd Cohorts graduated on Monday evening during a ceremony at the Foster B. Pestaina Centre, following a 14-week job preparation course.

On hand for the ceremony was Minister of Labour and National Insurance, the Hon. D. Shane Gibson, along with Mrs. Elizabeth Keju, Chairman of the National Training Agency; and Ms. Agatha Marcelle, Executive Director of the National Training Agency.

Minister Gibson said the Ministry of Labour and National Insurance opened the National Training Agency office in Grand Bahama in 2014. "The intent was to develop programmes that would facilitate the decrease of the high rate of unemployment among youth and provide a safety net for those who may have fallen through the academic cracks of formal education and were unable to achieve sustainable certification."

The NTA currently offers courses in New Providence, Exuma, Eleuthera and Grand Bahama.

The first graduating class comprised 135 young people. The second and third cohort groups consisted of 105 trainees who were congratulated by the Minister. He said, "No doubt you must have been focused and put in some hard work to meet the standards required by the NTA. I can assure you that this is only the beginning for you and if you continue to apply yourselves and work hard you will continue to be successful. Always remember, success is not a matter of luck, it is the result of hard work and commitment.

Prime Minister and Cabinet Ministers pay respect to the late Leonard Butler in West End
Written by BIS   
Tuesday, 24 November 2015 09:13

WEST END, Grand Bahama - Prime Minister of The Bahamas, the Rt. Hon. Perry G. Christie was in West End, Grand Bahama, on Saturday to pay his respects to the late Leonard Butler, who passed away on November 6, 2015 after a long illness. A few members of the Cabinet, and officials, also attended the funeral service including: Minister of Tourism and Member of Parliament for West Grand Bahama, the Hon. Obie Wilchcombe; Minister for Grand Bahama,, the Hon. Dr. Michael Darville; and Bradley Roberts, chairman of the Progressive Liberal Party. Shown is the Prime Minister paying tribute during the service. Minister of Tourism, and Member of Parliament for West Grand Bahama, the Hon. Obie Wilchcombe is seen saying farewell, as the pall bearers remove the casket. (BIS Photos/Vandyke Hepburn)

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Major investment and trade mission set for Grand Bahama
Written by BIS   
Tuesday, 24 November 2015 09:10

FREEPORT, Grand Bahama – Minister for Grand Bahama the Hon. Dr. Michael Darville has confirmed that a major trade and investment mission is set for Grand Bahama this coming weekend.

In a statement released late Friday evening, the Minister said that it is a pleasure to stand with the Ministry of Financial Services, The Bahamas Investment Authority, and private partners to introduce ‘Investment & Trade Mission: Hubei China to The Bahamas,’ which will be held on November 29 to December 2, 2015 at the Grand Lucayan Resort.

“I am pleased Grand Bahama Island was selected as the destination for Match-Making Sessions between China Council for Promotion of International Trade (CCPIT), from the Hubei Province, and business persons throughout The Bahamas,” the Minister said.

Led by Hubei Province government officials, the delegation will consist of executives from various Hubei enterprises, whose mission is to seek potential investment opportunities in The Bahamas, and to promote bilateral trade with those industries represented.

“This investment and trade mission will provide for trade and expansion opportunities for both Hubei China and The Bahamas, particularly Grand Bahama. As Grand Bahama is the industrial and maritime capital of The Bahamas, there are endless possibilities,” Dr. Darville stated.

GBPC: Reduction of fuel charge by 25% compared to 2014
Submitted by Cleopatra Russell   
Monday, 23 November 2015 15:31

FREEPORT, Grand Bahama – The Grand Bahama Power Company (GBPC) is pleased that our fuel hedging program has resulted in significant customer benefits. Through diligent operation of our systems and implementation of a fuel hedging program, we have been able to create predictable and stable fuel prices for customers to manage their energy costs. GBPC remains focused on stabilizing rates for customers, improving the reliability of our service, and lessening our dependence on fossil fuels.

Over the past 5 years, GBPC customers saw the fuel charge exceed 24 cents, due in part to record oil prices, with the price swinging by as much as 13 cents from August 2010 - July 2011. To minimize the risks associated with the unpredictable fuel market, GBPC established a hedging program that allows the utility to secure future quantities of fuel at fixed prices up to four years into the future.

Our program, which is a long-term, multi-year strategy, is designed to secure small amounts of future oil requirements, at known pricing contracts. Whether the price of oil rises or falls, GBPC customers are not held hostage to volatility of the market. GBPC’s hedging programme has successfully created price stability and predictability for both residential and commercial customers. This program, combined with the lower price of oil and operating efficiencies, have led to a reduction of the fuel charge by 25% compared to 2014. The year over year trend which shows the fuel charge decrease, has taken time to implement and is clearly leading to the desired outcome.

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