The government of The Bahamas has made the commitment to establish a satellite office of the Bahamas Investment Authority (BIA) in Grand Bahama, with the focus on speeding up investment opportunities on the island.

The announcement came from Deputy Prime Minister of The Bahamas and Minister of Finance Peter Turnquest, who was the guest speaker at the Grand Bahama Chamber of Commerce’s monthly luncheon, held July 21 at Grand Lucayan resort.

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Dive into a fascinating adventure with the fastest water sled in the world.

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Here follows the full statement from Peter Turnquest, Deputy Prime Minister and Minister of Finance, Read or download a PDF of his remarks here:

Mr. Speaker,
It is a pleasure for me to be among friends and to speak to you today at a time of great challenge but also great opportunity in our country and indeed on our island. In this regard, let me thank the Chamber for its continued advocacy over the many years in support of small and large businesses. I wish to confirm that you have a friend, indeed many friends, in this Government.

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Pictured: Deputy Prime Minister and the Minister of Finance Peter Turnquest brings remarks at the RBC Digital Banking Solutions for Business Success seminar at Atlantis, July 19, 2017. (BIS Photo/Raymond A. Bethel Sr.)

Deputy Prime Minister and the Minister of Finance Peter Turnquest has said that the government has a fundamental mandate to improve the lives of citizens and those who live in The Bahamas.

“We want to create decent employment opportunities for them. We want to ensure that they have the opportunity to become owners in their society and flex their entrepreneurial muscles,” DPM Turnquest said.

Speaking at the RBC Digital Banking Solutions for Business Success seminar at Atlantis Paradise Island, July 19, 2017, he added: “We want our business people to have access to capital, and to be supported by institutions such as a Credit Bureau to help them make better decisions.”

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Several destinations in The Islands of The Bahamas are ranking high with Travel + Leisure’s globetrotting readers. The popular travel magazine revealed its World’s Best winners on July 11, with The Bahamas snagging four spots on the region’s Top 15 list.

The gorgeous Exuma Cays, the Abacos and Harbour Island were voted ‘Best Islands in the Caribbean, Bermuda and The Bahamas’ in Travel + Leisure’s 2017 World’s Best Awards. Harbour Island was ranked sixth best island, Exuma came in at number 8 and Abaco was rated as number 14.

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Seeking to become more efficient and effective in the allocation and use of public funds, the government launched Monday a new public financial management and performance monitoring project (PFM/PMR).

The project is being hailed as a tool to help combat cumbersome processes and inconsistent practices in public financial management.

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ANDROS, BAHAMAS JULY 13, 2017 (PRWEB) – For the second year in a row, the readers of Travel + Leisure magazine have named Kamalame Cay, a private island resort in the Andros archipelago, “Best Resort Hotel, Caribbean, Bermuda and the Bahamas”. The exclusive resort was also named among the top 100 hotels in the world, ranking 17th; up from 33rd in the world in 2016. The Travel + Leisure World’s Best Awards 2017 Readers’ Survey results were announced today by the magazine’s editors.

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Speaking at the International Telecommunications Union’s Global Symposium of Regulators held at Atlantis Paradise Island July 11, Deputy Prime Minister and Minister of Finance Peter Turnquest said e-commerce provides tremendous opportunity for businesses.

He added that the government must ensure that the country’s educational systems allow persons to be able to take advantage of these opportunities.

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