Prime Minister Perry Christie says he is positive about the outlook for The Bahamas economy despite the recent downgrade by Standard & Poor’s credit rating agency.
…continue >

The PM remains bullish on the state of the economy in 2017 on the back of prospects that Baha Mar will be open by April this year and other large infrastructure investments will start to reap benefits.
…continue >

Better Homes & Gardens and its local franchise holder Mario Carey officially opened an office on Harbour Island, Eleuthera, December 29.

“We are excited to be in Harbour Island,” said Carey. “This is just the first Family Island office in our strategy to serve the entire Bahamas. We hope to have our office in Bimini open by the end of January and we plan to have offices in five Family Islands by the end of 2017.”

Carey, who became the first international franchisee for Better Homes & Gardens earlier this year, said he sees encouraging signs in the real-estate market.

…continue >

Major golf tournaments are being held in The Bahamas this month, bringing sports stars and tourists from around the world to the islands, as well as offering global exposure through television and social media.
…continue >

Commonwealth Bank recently reported profits of $47.3 million for the nine-month period ending September 30. The profits report reflected a 7.6 per cent increase over the same period one year ago when profits stood at $43.9 million.

Announcement of third quarter results was made by chairman William Sands Jr towards the end of last month.

…continue >

New issue of The Bahamas Investor published.

The Bahamas has a clear strategy on how to move forward in the financial services industry, in the face of new regulations and pressure from the international community. In the newest edition of The Bahamas Investor, Tanya McCartney, CEO of the Bahamas Financial Services Board, explains just how industry leaders tend to maintain the country’s position as a premier international financial centre and plot a course for further success.

…continue >

TheBahamasInvestor.com will be taking a short break over the Christmas holidays. Posts will resume as usual on January 3 and look out for the January-July print edition which will be available early in the New Year. Wishing you a great festive period and prosperous 2017.

December 2016 marks a significant month for the financial services industry in The Bahamas. The much anticipated Bill to provide for the implementation of the Common Standard on Reporting and due diligence for financial account information in tax matters and for connected purposes was passed unanimously in both Houses of Parliament.

…continue >

Baha Mar casino will be the largest in the region when it opens in April next year. Watch ZNS Network news report here.
…continue >

Grand Bahama Shipyard Limited announced it has completed work on 20 cruise ships in 2016, and has bookings for at least 23 in 2017 for various refurbishment jobs.

Jobs in 2016 included significant propulsion and technical systems overhauls, hull treatment, accommodations and public spaces upgrades and the addition of onboard facilities, according to a prepared statement.

…continue with our excerpt >

This is an excerpt from Cruise Industry News as it appeared on December 19, 2016. For updates or to read the current version of this post in its entirety, please click here.

Go to the source of this post >