The Bahamas Investor

...Dr Hubert Minnis announces the $300 million agreement for the second phase of development of the Baha Mar at signing ceremony October 16. (BIS Photo/Yontalay Bowe) The government of The Bahamas has signed an agreement for the second phase of development of the Baha Mar resort October 16. The approximately $300 million investment is expected to draw even more visitors to the country and will immediately provide 500 jobs during its construction phas......

...s mission to cater to the financial needs of its clients. Also present was Minister of Public Works Desmond Bannister. “Today’s groundbreaking is another milestone in your mission to strive to be the bridge between clients and their financial needs, while helping them to make their financial dreams possible,” the Prime Minister said. He also pointed out that the proposed five-storey, 50,000 sq ft building would employ 150 to 200 workers on site to......

...dustry stakeholders to do everything possible, in keeping with our national interests, to protect the financial services sector, while adhering to global standards,” said Prime Minister Minnis. Attorney General Carl Bethel; Viana Gardiner, COO PMDU; Stephen Coakley Wells, advisor to the Minister of Finance; Wendy Warren, CEO, Caystone Group; Michael Paton, Partner, Lennox Paton; and a team of advisors will accompany the Prime Minister to Brussels.......

...Minister Perry Christie has accepted the resignation of Ryan Pinder as the Minister of Financial Services. Pinder will be taking up a senior executive position with Deltec International Banking Group in Nassau. Pinder will remain as a Progressive Liberal Party member of Parliament. In explaining his decision to return to the private sector at this time, Pinder indicated that the interests of his wife and children at this time were such that he cou......

...a are expected to have upgrades during the summer. As a part of recovery efforts, as of 5 February, the Small Business Development Centre, has approved a total of 74 applications for funding: 31in Abaco and 43 in Grand Bahama. Approximately 600 applications have been received and are being processed. Total funding of $2.2 million dollars have been approved for both Abaco and Grand Bahama businesses, out of a total allocated of $10 million dollars.......

...ister Minnis. “We are pleased to play host to this distinguished gathering of some of the finest minds in technology. Indeed your meetings over the next two days will be instrumental in the strategic planning process of promoting the information, communication and technology industry.” The Prime Minister noted that the island of Grand Bahama is uniquely suited to being an internationally recognized science, technology and innovation hub. Noting th......

...inister Lloyd. Also on the list of speakers at the summit will be Minister of State for Grand Bahama Kwasi Thompson (pictured), who will close out the conclave and reveal the way ahead for the GB Technology Steering Committee in their quest to make Grand Bahama a technology hub within the region. Other local speakers at this year’s summit will include Kristie Powell, who will lead a panel discussion on transforming education for the future; Mark G......

Minister of State for Grand Bahama Kwasi Thompson launched the 2nd annual Grand Bahama Tech Summit last week, noting that the focus of the event will be on showcasing education programmes and future developments. The Minister’s remarks came during an official launch during a press conference at Pelican Bay resort on October 10, 2018. The Tech Summit is slated to take place in Freeport, Grand Bahama, November 14-16, 2018 at the Grand Lucayan resor......

...around the region are attending the 39th Regular Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM ), July 4-6, 2018 at Montego Bay Conference Centre. Pictured: (first row, from left) President of Guyana David Granger; Prime Minister of Dominica Roosevelt Skerrit; Prime Minister of Grenada Dr Keith Mitchell; President of Haiti Jovenel Moise; CARICOM secretary general, Ambassador Irwin LaRocque; Prime Minister of......

Pictured: Deputy Prime Minister and Minister of Finance Peter Turnquest speaking at the BCCEC annual conclave. (Dupuch photo/Catherine Morris) Following push back from the private sector, Deputy Prime Minister and Minister of Finance Peter Turnquest defended the government’s proposed 60 per cent value added tax hike this morning as he addressed the Bahamas Chamber of Commerce & Employers Confederation (BCCEC )’s annual conclave. “I appreciate the......

...hamian delegates will attend and participate in. Darren Henfield, Minister of Foreign Affairs will attend the Pre-CHOGM Meeting of Commonwealth Foreign Ministers. The Prime Minister, Minister Henfield and High Commissioner Ellison Greenslade will attend the Formal Opening of the Commonwealth Heads of Government Meeting at Buckingham Palace. The Prime Minister will attend the Executive Sessions at Lancaster House. The delegation will visit Bahamas......

...cy and human rights. The Prime Minister lead a delegation, which included Carl Bethel, Attorney General and Minister of Legal Affairs; Jeffrey Lloyd, Minister of Education; Darren Henfield, Minister of Foreign Affairs; Joshua Sears, senior policy advisor to the Prime Minister; Viana Gardiner, chief operating officer, Prime Minister’s Delivery Unit; and other officials.......

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson stated that while growth has been experienced over the past year, much more is expected. Minister Thompson made the comments during his contribution to the 2019/2020 Budget Debate in the Senate June 24. There has been an increase in air arrivals in January, February and April of 2019; and for the calendar year of 2018, air and sea arrivals were up by 9.1 per cen......

...nity of Adelaide, where Prime Minister Christie, Minister Gibson, Minister of State for Investment Michael Halkitis and other members of Parliament spoke to various residents, while NEMA and Department of Social Services representatives, several police officers and Urban Renewal officials worked to ascertain their various needs after the onslaught of Hurricane Matthew. Pictured: Prime Minister Christie (right) and Ministers Kenred Dorsett (centre......

...Minister of Investments Khaalis Rolle says that he expects Baha Mar and other large developments to bolster the Bahamian economy in 2014. Watch an interview with Rolle here.......