Here follows the contribution by the Member of Parliament for the Seabreeze constituency and Minister of Financial Services Hope Strachan on the Automatic Exchange of Financial Account Information Bill, 2016:

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Pictured: Minister of Transport and Aviation Glenys Hanna-Martin addresses delegates during the opening ceremony of the 9th International Civil Aviation Organization Air Services Negotiation Event (ICAN2016) December 5, 2016. (BIS Photo/Eric Rose)

The Bahamas will sign six new air service contracts this week. This, according to Minister of Transport and Aviation Glenys Hanna-Martin, will open new windows for the country’s aviation industry.

Minister Hanna-Martin delivered remarks at the opening ceremony of the 9th International Civil Aviation Organization Air Services Negotiation Event (ICAN2016), December 5 at the Kendal G. L. Isaacs Gymnasium.

The five-day conclave in Nassau, December 5-9, is being held at the National Stadium. This is the second time the event is being held in the Western Hemisphere: Jamaica was the host country for the conference in 2010.

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Prime Minister and Minister of Finance Perry Christie told attendees at the Bahamas Hotel and Tourism Association Annual Christmas Luncheon, December 2, that Exim Bank of China has provided additional funding to complete the Baha Mar Project and construction work is well underway.

“You may have heard by now the announcement regarding the acquisition of the Baha Mar properties by a Hong Kong-based company – a world-class hotel, real-estate developer and business conglomerate,” Prime Minister Christie said at the event held at Atlantis Paradise Island.

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The Bahamas aviation sector has signed air service agreements with Singapore, United Arab Emirates and New Zealand, opening the door to increased airlift to the country.
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NASSAU, Bahamas, December 2016 (GLOBE NEWSWIRE) — The beauty of The Islands of The Bahamas was seen in more than one billion households in 227 countries and territories when the Hero World Challenge golf tournament was broadcast live across the world over the last four days.

Golf legend Tiger Woods made his comeback to professional golf at Hero World Challenge after a 16-month hiatus. His return created major buzz and sports fans around the world tuned in to witness his comeback in paradise. The tournament also attracted golf fans to the destination.

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SMP Partners Group has completed the acquisition of Royal Bank of Canada’s (RBC) trust and fund administration business in The Bahamas, expanding its operations into the Caribbean.

It will operate from offices in Lyford Cay, with Stephen Turner, CEO – Caribbean Region, leading the team and Deidree Bain, director, who is transferring from RBC, managing the operation and working with Stephen to expand the service offering.

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This is an excerpt from Isle of Man Today as it appeared on December 6, 2016. For updates or to read the current version of this post in its entirety, please click here.

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Tourism continued to outstrip other economic generators in 2015, according to director general of tourism Joy Jibrilu.
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Prime Minister Perry Christie has announced that the stalled Baha Mar resort has been officially acquired by Hong Kong-based Chow Tai Fook Enterprises and will open in the second quarter of 2017.
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Interest is building for next year’s Caribbean Travel Marketplace, the Caribbean’s largest marketing event which will take place at Atlantis Paradise Island in The Bahamas from January 31 to February 2, 2017.

Produced by the Caribbean Hotel and Tourism Association (CHTA), in collaboration with the Bahamas Ministry of Tourism, the Bahamas Hotel and Tourism Association, the Nassau/Paradise Island Promotion Board and the Paradise Island Tourism Development Association, the event features two days of business meetings that match buyers and suppliers through a busy programmme of thousands of pre-scheduled appointments.

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Domestic developments for the month of October were dominated by the passage of Hurricane Matthew, which resulted in significant damage to both private and public sector infrastructure in the main centres of New Providence and Grand Bahama. In this context, weather-related airline and cruise diversions, in addition to temporary hotel closures, tempered tourism sector activity during the period.

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