Here follows a statement by the Office of the Prime Minister issued December 18:

The government of The Bahamas anticipated and welcomes this new hemispheric political development of normalized relations between the US and the Republic of Cuba and believes this to be useful and good for the Inter-America system and the hemisphere generally.

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Two cruise ships made inaugural trips to The Bahamas last week, reflecting the jurisdiction’s continued dominance in this sector in the region.
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Acknowledgement: The Central Bank of The Bahamas wishes to express its appreciation for the assistance received from the Ministry of Finance, the Ministry of Agriculture, the Ministry of Tourism, Commercial Banks, Other Local Financial Institutions, the Public Corporations, the Department of Statistics, and other government and private sector agencies in the compilation of the data.

This is an excerpt from The Central Bank of The Bahamas’ Quarterly Statistical Digest. To download or view the PDF in its entirety, please click here.

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The Ministry of Tourism is set to launch a new $3 million advertising campaign in South Florida that is dedicated to Grand Bahama, Prime Minister Perry Christie recently announced.

The campaign will highlight the “Grand Life” tourists both foreign and domestic can experience on Grand Bahama and comes at a time when the Bahamas Balearia Express and Bahamas Celebration Cruise Line would be expanding service offerings to the island as the new year (2015) ensues.

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This is an excerpt from The Freeport News as it appeared on December 19, 2014. For updates or to read the current version of this post in its entirety, please click here.

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TAMPA — Wedding planners wanted it. So did fishermen and the yachting community. So, Tampa International Airport got it — its first direct flight to The Bahamas.

Silver Airways is now booking flights to Marsh Harbour, Bahamas, which will begin on Saturdays and Sundays starting Feb. 12. Those quick on the draw can get introductory fares of $139 to The Bahamas and $179 back to Tampa from now through Dec. 22. The introductory fares are good Feb. 12 through April 30, 2015.

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This is an excerpt from Tampa Bay Online as it appeared on December 18, 2014. For updates or to read the current version of this post in its entirety, please click here.

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Prime Minister Perry Christie says that the lifting of the US embargo on Cuba is good news, but The Bahamas needs to be aware of the implications for its tourism industry and the overall economy.
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[Note: Any reference to stocks, funds, investment and its underlying recommendation does not reflect the opinion of The Bahamas Investor or any of its contributors.]

LONDON (Alliance News) – Shares in Bahamas Petroleum Co PLC jumped higher on Thursday after the company said a new Petroleum Act and a set of associated regulations have been put before The Bahamas parliament.

In addition to the Petroleum Act, a Sovereign Wealth Act has also been proposed in order to provide a legislative framework to ensure any wealth from successful oil exploration activity will be invested, conserved and used for the benefit of the residents of the Caribbean island.

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This is an excerpt from London South East as it appeared on December 18, 2014. For updates or to read the current version of this post in its entirety, please click here.

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Projects such as February Point on the Exuma cays reflect a growing trend of investment in the region, according to a ZNS Network news report.
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MIAMI, Dec. 17, 2014 /PRNewswire/ — Carnival Corporation & plc. (NYSE/LSE: CCL; NYSE: CUK), the world’s largest travel and leisure company, today announced that Christine Duffy has been named president of Carnival Cruise Line, with 24 ships, making it the largest of Carnival Corporation’s nine distinct cruise brands.

Duffy, currently president and CEO of Cruise Lines International Association (CLIA), will assume the role on Feb. 1, reporting to Arnold Donald, CEO of Carnival Corporation & plc.

“Christine is one of the most respected and dynamic leaders in the travel industry,” said Donald. “She brings a wealth of experience to Carnival Cruise Line that will help the cruise line continue to deliver unmatched vacation experiences to millions of guests each year.”

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The Minister of State for Finance Michael Halkitis expressed his confidence and optimism in the success of Bahamas Resolve Ltd, the government’s response to debt collection for delinquent accounts at the Bank of The Bahamas.

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