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Bahama Islands News, Articles and Information

High Cost Of Telecommunications Retarding Bahamas Advantages

In a report that thoroughly analyzes The Bahamas' Information and Communications Technology [ICT], the Inter American Development Bank [IDB] reported that the high cost of telecommunications is eroding certain comparative advantages and is negatively affecting the country's two top industries. .



US newspaper story creating a Caribbean storm

AN article in the Washington Post could become the first "storm" to hit the Cayman Islands and the rest of the Caribbean in the hurricane season, which officially began on 1 June.

Appearing in the 4 June edition is a story headlined "Storm Warning: Choose Your Caribbean Island Wisely" which sought to weigh the advantages and disadvantages of holidaying in the region at this time.

Written by staff writer Gary Lee, the article stated that the cheap low-season hotel discounts are very attractive but they came at a time when "treacherous" weather is predicted.

"At least one study is predicting that the run of storms in 2006 will be as treacherous as last year's record season," he wrote.

There has so far been no response from tourism organisations in the Caribbean on what could possibly be bad press for a region slowly recovering from the fallout from the September 11 terror attacks in the US in 2001, as well as the impact of Hurricane Ivan in September 2004.

Grand Bahama Island in the Bahamas was listed as the one most likely to be hit by a storm, given that it has been struck by 40 hurricanes in the past 150 years for an average of one every four years.



Steel firm starts

Positive growth for Grand Bahama's housing industry is but weeks away as new manufacturing company Steel-HQ Bahamas Ltd. settles in for full operation of its Freeport plant.

The new manufacturing company, Steel-HQ Bahamas Ltd., opened the doors of its 6,000-square metre plant on Grand Bahama several months ago.

However, it was officially introduced to the Grand Bahama community last month, with a special product exhibition and contractors' seminar at the facility based on Peel Street.

Some 150 persons from the industry attended the function. Henri Ho, President and CEO of Steel HQ Bahamas Ltd., confirmed that full operation of its new Freeport Plant was but weeks away.

The company, a subsidiary of China Building Systems Hong Kong, will develop and manufacture pre-engineered cold-rolled steel framing components for

the construction industry.