(Caribjournal) – The Bahamas is planning a wave of new airport projects in the Out Islands.

That includes design plans for North Eleuthera Airport, along with technical works for the selection of new airport sites for South Eleuthera and Long Island.

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Ministry of Tourism has claimed that its continued international promotional campaigns are paying dividends with air arrivals increasing in the first quarter of this year.
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NASSAU, Bahamas, August 2016 /PRNewswire/ — Mediatrix Capital Inc. and Alternative Asset Management Ltd. recently announced the formation of a strategic partnership to create an expanded platform offering investors the opportunity to profit from a global currency trading system utilizing artificial intelligence based algorithms. Under terms of the new agreement, Mediatrix Capital’s trading system will provide an operative baseline for Alternative Asset Management’s multi-award winning account strategies.

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The IRS has upgraded the FATCA Online Registration System, enabling sponsoring entities to provide additional required details. Added features include being able to add sponsored entities and if applicable, sponsored subsidiary branches.

View or download a PDF of the complete report here here.

Preliminary indicators showed that domestic economic activity remained relatively mild during the review month, amid modest impulses from the tourism sector. Also foreign investment projects continued to support output in the construction sector.

Reflecting seasonal impetus from cultural events, the jobless rate narrowed during the first half of the year, although staying incrementally firmer when compared to the same period of 2015.

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Deltec International Group has announced that its private banking subsidiary has signed an agreement with Societe Generale Private Banking to acquire its private banking activity in The Bahamas.

This acquisition marks a significant milestone in the implementation of Deltec’s ongoing global diversification strategy; a strategy firmly anchored by its private banking presence in The Bahamas.

Subject to the approval of the regulatory authorities, the transaction is expected to be finalized in the coming months.

DUBAI, United Arab Emirates, August 2016 /PRNewswire/ — Kerzner International Holdings (KIH), the leading international developer and operator of destination resorts, ultra-luxury hotels and residences, today announced the appointment of Jean-Gabriel Pérès as its new President and Chief Executive Officer.

As the outgoing CEO of Mövenpick Hotels & Resorts, Jean-Gabriel has overseen the daily operations of the 16,000-staff hotel management company for 17 years. His role was instrumental in driving the global expansion of the company into Europe, Africa, the Middle East, and Asia.

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Dupuch Publications is pleased to announce the release of the July-December 2016 issue of The Bahamas Investor.

The bi-annual publication is packed full of insightful commentary, in-depth interviews and profiles and expert opinion covering all investor-related business and financial news from The Bahamas. With more than 100 pages of original and contributed content, The Bahamas Investor is a vital tool for promoting the nation to anyone looking to work, live, invest and do business in the jurisdiction.

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25/07/2016 (OECD) – Governments should use tax policy to drive forward economic agendas that seek to boost growth while sharing the benefits more evenly within society, according to a new OECD report.

Tax Design for Inclusive Economic Growth examines the role that tax systems play in promoting inclusive growth. Against a backdrop of historically high income and wealth inequality, this new OECD research underlines the key role that tax policy can play in not only supporting growth, but also in addressing distributional concerns.

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Romora Bay Resort & Marina is looking to tap the local market during the summer months with special discounts for Nassau residents.

Joe Dargavage, general manager of the Harbour Island getaway, says the boutique hotel and marina is slicing rates in half for anyone who can show a Nassau address from now until December 1.

“When making your reservation, just let them know you are from Nassau, and want the Nassau Special,” he says.

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