Senior vice president of administration and external relations at Baha Mar Robert Sands says the multi-billion dollar resort is on track to open to guests by the end of spring 2015.

Over the next 20 years, the Cable Beach megaresort is expected to make a “substantial” impact on the Bahamian economy, creating 12,000 jobs, contributing $5.5 billion in government tax revenue and increasing the country’s gross domestic product to $15.9 billion, according to Sands (right).

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BTC chief executive officer Leon Williams says that the telecommunications company is poised to carry out network-wide upgrades as part of multi-million dollar “customer-centric” campaign.
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Prime Minister Perry Christie gave the keynote address at the Bahamas Institute of Chartered Accountants forum for Accountants Week 2014 at Melia Nassau Beach, November 11.

The theme of the conference was “Nation Building, Serving our Community and Profession.”

Businesses were able to exhibit their services at the forum.

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Deputy director general at the Ministry of Tourism Tommy Thompson says that The Bahamas is looking to tap emerging markets including in the Middle East, Russia, India and China.
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Ministry of Tourism is hoping that more people from Europe will be travelling to The Bahamas, as it engages in negotiations with tour operators and airlines to increase airlift from that region.
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A new baseball stadium will be completed in Nassau next year.

The stadium will be named after Bahamian baseball great, Kenneth Andre Ian Rodgers–the first Bahamian to play US Major League Baseball.

Rodgers played primarily shortstop for the Giants, Chicago Cubs, and Pittsburgh Pirates.

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The candidates will study either International Economics of Business Administration, or Public Diplomacy.

Officials from the Ministry of Foreign Affairs, along with China’s ambassador Yuan Guisen, and representatives from the Embassy of The People’s Republic of China, held a ceremony at the Foreign Affairs Ministry November 7.

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Recently named number seven on Travel+Leisure’s list for the World’s Best Hotels for Families, Atlantis Paradise Island falls in the top tier of family favorites for hotels in the Caribbean, Bermuda and The Bahamas.

“This continued recognition from travelers from all over the world is proof positive that we are doing something right,” says the resort’s president and managing director, George Markantonis.

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Prime Minister Perry Christie was in Grand Bahama November 10 for the opening of the Global Leadership Forum, an event organized by Dr Myles Munroe, who died in plane accident at the weekend.

The Prime Minister joined in paying tribute to the event founder and host.

The conference runs through November 12. The featured speaker at the three-day event is ambassador Andrew Young, former Mayor of Atlanta and UN ambassador, civil rights leader and an ordained pastor in the US.

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Indications are that the Bahamian economy’s mildly positive growth pace was sustained during the review month, supported by an improving tourism performance and foreign investment related construction activity.

Gains were recorded in both air and sea arrivals, underpinned by targeted promotional campaigns to increase airlift to key domestic destinations.

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This is an excerpt from Central Bank of The Bahamas as it appeared on November 11, 2014. For updates or to read the current version of this post in its entirety, please click here.

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