Pictured: Tiger Woods addresses the press conference. (BIS Photos/Kemuel Stubbs)

Golf legend Tiger Woods announced yesterday details of the upcoming 2018 Hero World Challenge tournament, which will be held at Albany for the fourth consecutive year.

The exclusive golf event of the world’s top-ranked golfers, November 29 to December 2, 2018 takes place at Albany for the fourth consecutive year.

The Bahamas Ministry of Tourism and Aviation helps coordinate the event and plays a major part in promoting and facilitating the tourney.

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Pictured: Minister of Tourism & Aviation Dionisio D’Aguilar addresses the media. (BIS Photo/Kemuel Stubbs)

A revitalized tourism product coupled with expanded airlift from major US carriers such as Delta and American Airlines are helping to drive tourism growth in The Bahamas, Minister of Tourism and Aviation Dionisio D’Aguilar said at his recent Year-End Report.

Minister D’Aguilar also announced that air bookings for the next three months (November 2018 to January 2019), are ahead by 9.2 per cent with international markets showing an advance in bookings.

Scheduled direct flights are set to increase 15.1 per cent during the same timeframe.

Forward bookings are also ahead for November-January (7 per cent) with “the top source cities with the most favourable booking situation being Detroit (42.7 per cent), New York City (38.6 per cent), and Atlanta (22.2 per cent),” D’Aguilar added.

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Minister for Grand Bahama Kwasi Thompson has updated the public on the renovation plans for the Grand Lucayan hotel and resort in Freeport.

Speaking at an event held at the Garnet Lavarity Justice Center November 26 he said:

“I am pleased to update the public that the government has also agreed to over $3 million for immediate repairs to the Grand Lucayan particularly the income generating Lighthouse Pointe, the Convention Centre and the Breaker’s Cay roof and Central Air Conditioning System, which services the entire resort to prepare for the upcoming season.”

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CASTRIES, St Lucia. November 2018 (CAB) – The Caribbean Association of Banks has announced its new Board of Directors for 2019, as it continues to build on its role as advocate for the region’s financial services sector.

The new CAB Board of Directors comprises:

Chairperson – Bank of Montserrat., Mr. Dalton Lee; Vice Chairperson – JMMB Bank Ltd., Mrs. Moya Leiba-Barnes; Immediate Past-Chairperson- Antigua Commercial Bank Ltd., Ms. Joanna Charles; Director – 1st National Bank St. Lucia Ltd., Mr. Johnathan Johannes; Director – CARICOM, Mrs. Evelyn Wayne; Director – Consolidated Finance Co. Ltd., Mr. Rolf Phillips; Director – First Citizens Bank Ltd., Mr. Brian Woo; Director – First Global Bank Ltd., Mr. Norman Thompson; Director – JN Bank Ltd., Ms. Leesa Kow; Director – Republic Bank (Suriname) Ltd., Mr. Sean Husain; Secretary – CAB Secretariat, Mrs. Wendy Delmar.

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Israeli officials visited The Bahamas this week, meeting cabinet members and engaging in dicussions on furthering the relationship between the two nations.

Alon Lavi, Embassy of Israel Deputy Chief of Mission to Belize and The Bahamas paid a courtesy call to Minister of National Security Marvin Dames, as well as Minister of Tourism and Aviation Dionisio D’Aguilar.

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A complete overhaul of legislation governing The Bahamas’ investment funds industry is nearing completion, announced Christina Rolle, executive director of the Securities Commission of the Bahamas (SCB) at the annual briefing for the Bahamian securities and investment funds industries earlier this month.

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Prime Minister Hubert Minnis has tabled the first Fiscal Strategy Report in the House of Assembly.

During the morning session November 21, the Prime Minister said: “Putting the nation’s fiscal house in order is a clear prerequisite to a more buoyant private sector and stronger job growth.”

According to the Prime Minister, such reporting serves the principles of transparency, accountability and good governance.

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Prime Minister Hubert Ingraham presented proposed revisions to the dormant account legislative regime to the House of Assembly yesterday.

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