Minister of Transport and Local Government Renward Wells is in London this week to address the 31st Session of the International Maritime Organization Assembly, which is being held November 25-December 4.

Minister Wells addressed the assembly on behalf of the government of The Bahamas November 25.

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Key stakeholders at Lynden Pindling International Airport (LPIA) have finalized plans to manage high passenger volumes over the Thanksgiving weekend.

Starting November 27 through to December 2 approximately 90,000 travelers will move through the country’s major gateway. Officials are working together to manage aircraft movement and passenger flows in terminal.

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Central Bank of The Bahamas facilitated a $10m Initial Public Offering of Bahamas Registered Stocks on behalf of the government of The Bahamas.

The offering, which closed on November 13, 2019, was fully subscribed.

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Royal Caribbean Cruise Line says that Perfect Day at Coco Cay is now the company’s number one destination worldwide and that it will be bringing 2.4 million passengers to its private island next year.
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Stakeholders at Lynden Pindling International Airport (LPIA) will meet to finalize plans for managing increased traffic over the upcoming holiday period.

Officials estimate some 90,000 passengers will move through LPIA’s three terminals November 27-December 2 as the peak travel season kicks off with US Thanksgiving.

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The Ministry of Finance has published an annual Fiscal Strategy Report that outlines the medium-term macroeconomic and fiscal outlook of the country and the government’s fiscal strategy to serve as a guide for the preparation of the next annual Budget, in accordance with the requirements of the Fiscal Responsibility Act, 2018.

As mandated by the Fiscal Responsibility Act, 2018, the government is obliged to present the Fiscal Strategy Report (FSR) to Parliament and the newly established Fiscal Responsibility Council, by the third Wednesday of November, yesterday.

The Fiscal Strategy Report outlines the macroeconomic and fiscal outlook that will guide the framework for the upcoming budget—in this case being FY2020/21, and the medium-term horizon.

The context for this Fiscal Strategy Report is quite different from the previous one, as it comes on the heels of the strongest and most destructive storm ever recorded in the Atlantic Ocean, which, in early September 2019, decimated parts of the northern Bahamas, leaving behind total damages, losses and additional costs estimated at $3.4 billion.

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The Ministry of Tourism and Aviation’s promotional mission to Canada tops the business news in The Bahamas this week. Watch a ZNS Network news segment here.
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Minister of Tourism Dionisio D’Aguilar continues to push the message that The Bahamas is open for business, appearing on Canadian TV show Global News Morning BC with reporter Sonia Sunger.

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NASSAU November 2019 (NewsBTC) – The Residences at Goldwynn, a sophisticated luxury beachfront condominium and resort development at Cable Beach in The Bahamas, has announced that they are now accepting multiple digital currencies for real estate purchases.

“The Bahamas is the chosen home and playground of the world’s top business executives, elite athletes, and Hollywood celebrities” said Matthew Marco, Director of Sales and Marketing for Wynn Development, “With Goldwynn, we are making paradise more accessible than ever before by embracing new technology and accepting all major digital currencies. We want to enable purchasers who hold a large portion of their wealth in digital currencies to deploy their capital, and we are very comfortable with the asset class.”

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