Prime Minister Dr Hubert Minnis (right) welcomes Commodore Davy Rolle (centre) of the Bahamas Maritime Authority in a courtesy call, January 12, 2018 at the Office of the Prime Minister, accompanied by Minister of Transport Frankie Campbell.

Members of the Legal Profession led by the Attorney General and Minister of Legal Affairs Carl Bethel and Acting Chief Justice Stephen Isaacs, assembled at Christ Church Cathedral, George Street, January 11, 2018 to celebrate the opening of the legal year.

…continue >

Minister of Youth, Sports and Culture Michael Pintard affirmed that in spite of small scope of the economy, Grand Bahama is a good place to start a new business.

He made the comment last week at a press conference to award business development assistance grants to GB Micro & Small Business Economic Empowerment Programme winners.

…continue >

Indications are that the domestic economy improved modestly during the review month in comparison to 2016, as increased visitor arrivals and a boost in hotel capacity, contributed to gains in tourism output. In addition, construction sector output continued to be supported by varied-scale foreign investment projects. Monetary developments were dominated by the receipt of proceeds from the Government’s external bond issue, which boosted liquidity and external reserves.

…continue >

Outstanding participants of Grand Bahama’s Micro & Small Business Economic Empowerment Programme have been awarded government grant assistance.

Minister of State for Grand Bahama Kwasi Thompson, along with Minister of Youth, Sports and Culture Michael Pintard, last week.

…continue >

Prime Minister Dr Hubert Minnis has said his administration will relax Exchange Control on capital transactions, namely on capital (investment) and current account (trade) transactions for small and medium-sized Bahamian businesses/enterprises (SMEs).

The changes, which will come into effect February 1 this year, are expected to assist SMEs and Bahamian investors by improving the ease of doing business for Bahamians and residents.

…continue >

The government has released a statement regarding the signing of an LoI between the owners of the Our Lucayan hotel strip in Grand Bahama, Hutchison Whampoa, and CEO of the Wynn Group (Canada) Paul Wynn.

Here follows the statement:

…continue >

The Financial Secretary in the Ministry of Finance released December 29 Guidance Notes on the Common Reporting Standard for Automatic Exchange of Financial Account Information in Tax Matters. Read or download the notes here.

…continue >

An estimated 31,600 passengers traveled through Lynden Pindling International Airport (LPIA) December 15-17, heading home for the holidays or traveling to Nassau/Paradise Island to celebrate the festive season.

US Departures averaged out at just over 9,500 travelers and International Arrivals, including travelers from destinations in the US, totaled more than 12,500 passengers over the three-day period.

…continue >

Minister of State for Grand Bahama Kwasi Thompson addressed members of the official Tech Hub Steering Committee, which held two days of deliberations at the Grand Lucayan resort, December 14-15.

After giving his prepared remarks, Minister Thompson said: “As you make your recommendations, I want you to be specific, I do not want this to be a report that goes on a shelf…I want this to be a real working plan and plan of action which the government can take, approve and implement.”

…continue >