Buoyed mainly by the growth in tourism sector output and positive impulses from foreign investment-related construction activity, indications are that the domestic economy sustained its growth trajectory in January. Inflation remained relatively subdued over the twelve months to October, reflecting the pass-through effects of the persistent decline in global oil prices. A Value Added Tax (VAT) led expansion in revenue, which outpaced a moderate gain in spending, resulted in a significant narrowing of the Government’s deficit over the first six months of FY2015/16, while monetary sector developments were dominated by net inflows from real sector activities, which supported gains in both bank liquidity and external reserves.

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Pictured: (from left) Higgs and Johnson Partner and Former BISX Director Dr. Earl Cash, BISX Chairman Andrew Strachan. (BISX Photo)

The Bahamas International Securities Exchange (BISX) recently paused to show gratitude to a long standing former BISX Board Member. Dr. Earl Cash a Partner at the law firm Higgs and Johnson served as a BISX director for over 14 years having been appointed in October 2001 and having retired from the Board in November 2015.

Speaking while presenting Dr. Cash a token of appreciation from the Exchange, BISX Chairman, Mr. Andrew Strachan noted: “It was my pleasure to serve with Dr. Cash over the past few years. Dr. Cash was a Member of the Board of BISX from some of the early days of the Exchange. We look to build upon the legacy begun by individuals such as Dr. Cash as we continue to develop the Bahamian Capital Markets. On behalf of the entire BISX Board it is my pleasure to present Dr. Cash a piece of local Bahamian artwork, which he has always been a supporter of.”

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NASSAU, The Bahamas – World Travel Awards was founded in 1993 to recognize, acknowledge and reward excellence in the travel, tourism and hospitality industry worldwide. Now celebrating its 23rd anniversary, World Travel Awards is recognized globally as the hallmark of quality, with winners setting the benchmark.

The Islands Of The Bahamas are delighted to have been nominated in nine Caribbean categories by the 23rd annual World Travel Awards, including Leading Beach Destination, Cruise Destination, Cruise Port, Destination, Dive Destination, Honeymoon Destination, Luxury Island Destination and Romantic Destination. Additionally, The Bahamas Ministry of Tourism has been selected as a candidate for the Caribbean’s Leading Tourist Board.

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Prince Edward, The Earl of Wessex, and his wife were in The Bahamas last week for two days of events surrounding the Governor General’s Youth Awards Programme.
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Ministry of Tourism recently exhibited at a major industry event in the US, following the opening of a new office in Washington DC.
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It’s one of the region’s quickest flights — and also one of the coolest. Cape Air, the US-based carrier that has long had a hub in Puerto Rico, has expanded its operations to Florida.

Here’s what it’s like:
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This is an excerpt from Caribbean Journal as it appeared on March 10, 2016. For updates or to read the current version of this post in its entirety, please click here.

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Here follows a joint statement from the Foreign Minister of the Commonwealth of The Bahamas Fred Mitchell and the Minister of Foreign Affairs and International Cooperation of the United Arab Emirates Sheikh Abdullah bin Zayed bin Sultan:

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During his Mid-year Budget Statement, Prime Minister Perry Christie claimed the government is on track for fiscal reform and outlined the government’s strategy to find a solution to the stalled Baha Mar project.
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Basketball players with Miami Heat love visiting The Bahamas, according to former player Alonzo Mourning. The Bahamas has a promotional partnership with the Florida sports team.
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Here follows the 2015-16 Mid-Year Budget Statement as delivered by Prime Minister Perry Christie yesterday in the House of Assembly, March 7, 2016:

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