The Bahamas Investor

...locating resources and its fiscal policy outcomes are at the core of the government’s relationship with the Bahamian people. The Deputy Prime Minister said that when his Government came into office in May of 2017, they were very forthcoming with the Bahamian people on the state of the country’s fiscal finances and the need for a plan to immediately address the deterioration and re-establish policy credibility. Minister Turnquest said that the gove......

...evelopment for Grand Bahama.” Pointing specifically to some of the aspects of the Heads of Agreement, Prime Minister Minnis noted that the developer will contribute funds in the sum of $100,000 per annum to be used for community projects and development of East Grand Bahama. The agreement also calls for the establishment of a local advisory board which will determine the use of those funds and shall be comprised of four mutually agreed persons to......

...shipping services firms Fowlco Ltd and Blue Parrot, which recently joined forces in the field of shipping, logistic and ship repair related services. Both companies are making “an impressive mark in the marine industry.” Minister Foulkes commended Fowlco founder and CEO Curtis Fowler and managing director Glennett Fowler for their confidence to invest heavily in the Grand Bahama economy at this time. “It is encouraging and most exciting to see yo......

...mployment and opportunities for the local workforce while furthering the efforts of The Bahamas to move to green energy. Minister of Public Works Desmond Bannister applauded the efforts of Bahamas Striping Group of Companies (BSGC ) and commended Global Energy Solutions for vision and foresight in providing “viable” and “meaningful” opportunities for young people in skills acquisition, ownership and economic empowerment as the country moves to gre......

...onsultation or participated in seminars through the centre, said the Prime Minister. For this fiscal year, the government has pledged support in $5.5 million for loans, grants and equity injections into Bahamian small businesses. Together with private sector partners, the total level of support will come to just under $7 million in funding directly to Bahamian entrepreneurs and small businesses. Of this amount, $450,000 will be spent to provide gr......

...Foulkes plans for the future. Photo Caption: (from left) Ricardo Deveaux, first assistant secretary, Ministry of Labour; Althea Albury, acting director of labour; Cecilia Strachan, permanent secretary (acting) in the Ministry of Labour; Minister Foulkes; Audrey Oswell, Atlantis’s president and managing director; Ed Fields, senior vice president of public affairs, Atlantis; and KarenCarey, senior vice president of human resources. (Photo courtesy......

...owerment 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. “This small business initiative is designed to create new opportunities for small business development, economic empowerment, and to ignite the entrepreneurial spirit for enterprising Grand Bahamians,” said Minister Thompson, before awarding the winners wit......

...chief executive officer, Caribbean Bottling Co. (BIS Photo/Raymond Bethel) Minister of Financial Services Ryan Pinder takes a tour of the new Coca-Cola plant on July 19. Pictured from left: Walter Wells, CEO, Caribbean Bottling Co; Minister Pinder; and Harrison Thompson, permanent secretary, Ministry of Financial Services. (BIS Photo/Raymond Bethel) Walter Wells, CEO of Caribbean Bottling Co, gives an overview of the company’s new facilities on Si......

Prime Minister and Minister of Finance Perry Christie said that accountants are on the “front line” of The Bahamas’ business and commercial entities, as they are an integral part of the inner workings of the country’s firms and government enterprises. Prime Minister Christie made the statement during the opening ceremony for Accountants’ Week organised by the Bahamas Institute of Chartered Accountants (BICA), at Melia Nassau Beach Hotel , Novembe......

...rnor General Her Excellency Dame Marguerite Pindling, centre, and Minister of Foreign Affairs and Immigration the Hon. Fred Mitchell at centre left, with awardees for exemplary service in the Ministry of Foreign Affairs. (BIS Photo/Peter Ramsay) Pictured: Prime Minister, centre right, with Minister Fred Mitchell, centre left; and with them, left to right: Dr Eugene Newry, ambassador, Washington, DC and permanent mission of The Bahamas to the OAS;......

...ounced plans to build a major motorsports complex to be completed by 2016. Minister of Youth, Sports and Culture Dr Daniel Johnson used the first ever meeting of the FIA (Federation Internationale de l’Automobile) in The Bahamas this week as a platform to make the announcement of the $9 million complex that will serve as a multipurpose center, providing a facility for safe driving training for police, security and ambulance operators, recreational......

...ke place in London November 29, 2013. Frederick Mitchell, Bahamas Minister of Foreign Affairs and Immigration, also participated in the Commonwealth Foreign Ministers Roundtable with Civil Society and Commonwealth Associated Organisations. Representatives from civil society conversed with Foreign Ministers on their perspectives for a Commonwealth Post-2015 development agenda and Minister Mitchell encouraged those Commonwealth Associated Organisati......

...annually.” He also said that the government is committed to wide-ranging reforms of the property tax administrative system that will add one per cent of GDP to recurrent revenues by 2016/17. The government is undertaking a comprehensive customs reform and modernisation programme, assisted by the Inter-American Development Bank that will add revenues equivalent to 0.5 per cent of GDP. Prime Minister Christie said the new Customs Management Act will......

...tackle one of the business community’s biggest concerns—electricity costs. Minister of Grand Bahama Michael Darville says discussions with GBPA are “ongoing” and that the government is committed to exploring alternative energy sources such as natural gas, solar power and ocean thermal energy. Grand Bahama’s industrial sector has long been challenged by the price of power on the island, with some companies running their own generators, rather than......

...nment Meeting (CHOGM) . The Prime Minister arrived at Bandaranaike International Airport to a traditional Sri Lankan welcome. He was greeted by Rauff Hakeem, Sri Lanka’s Minister of Justice. The Commonwealth Heads of Government Meeting (CHOGM) will be held in Colombo November 15-17.......