The Bahamas Investor

...ies in Western New Providence which together have resulted in expenditures of forty-five ($45) million, and the creation of an additional 143 jobs. The Pointe, a two hundred ($200) million investment on Nassau’s waterfront property by China Construction America, will reboot revitalization efforts to transform the local and visitor experience in the downtown area, spur new residential and commercial waterfront development, create new retail and com......

Ian Rolle, president of Grand Bahama Port Authority; Minister for Grand Bahama Michael Darville; touring the Reef Village Hotel renovations with Project Manager Turnquest. (BIS Photo/Vandyke Hepburn) FREEPORT, Sept 23, 2013 (Tribune) — Renovation projects at the Reef Village and Grand Bahama airport’s domestic terminal are on schedule, underpinning the creation of hundreds more jobs. The Minister for Grand Bahama, Dr Michael Darville, along with......

...ime-consuming. The Bahamian government asserts, however, that the majority of foreign investment applications are processed quickly and without significant issues. Some U.S. and Bahamian companies also complain that the tender process for public contracts is not consistent or transparent. On September 2, 2014, Moody’s Investor Service (moodys.com) downgraded the Bahamas’ issuer and senior unsecured ratings to Baa2 from Baa1 and changed the outlook......

...a House regulatory complex. The training is hosted by Attorney General and Minister of Legal Affairs Carl Bethel, QC, and is sponsored by the Securities Commission of The Bahamas . “Training of this nature is an essential complement to the myriad legislative, policy and regulatory initiatives that the government and financial regulators continue to implement to protect the financial system from being abused for criminal purposes, including money l......

...eated at left are Royal Caribbean International President and CEO Michael Bayley (left) and CEO of ITM Mauricio Hamui, representing the Developer; and at right, Secretary to the Cabinet Camille Johnson (second right) and Director of Investments Candia Ferguson. Standing from left: Minister Iram Lewis, Minister of State Kwasi Thompson, Deputy Prime Minister Peter Turnquest, Prime Minister Hubert Minnis, and Minister Dionisio D’Aguilar. (BIS Photo/Y......

...rne; Minister of Financial Services Hope Strachan; BICA council member, Chandrice Ferguson; and BICA chief executive officer Shavardo Thompson. (BIS Photo/Raymond A. Bethel Sr)......

...of about 400 people over the course of four days. Korda, who hails from Bradenton, Florida, started playing golf at the age of eight; she credits her parents for mostly influencing her career. She won the Solheim Cup in 2013 and the 2012 ISPS Handa Women’s Australian Open. Minister of Youth, Sports and Culture Daniel Johnson (right) presents the 2014 Pure Silk-Bahamas LPGA Classic winner Jessica Korda with The Bahamas Olympic jacket. Looking on i......

Minister of State for Grand Bahama in the Office of the Prime Minister Kwasi Thompson updated attendees of the Tech Hub Committee Meeting on current and future tech initiatives during a recent event held at the British Colonial Hilton. The committee was established to advise the government on creation of Grand Bahama as a tech hub . During the meeting, the Minister informed the committee of current and future initiatives being taken to ensure Gra......

...he Secretary-General congratulated Minister Campbell on his appointment as Minister of Transport and Local Government. The Minister provided the Secretary-General with an update on the work his Ministry is undertaking, the Maritime Cadets programme for High School students between grades 10-12, and the LJM Maritime Academy. The Bahamas is currently seeking re-election to the Council of the International Maritime Organization under category C. The......

...collected $633 million in Recurrent Revenue, as compared to the full-year forecast of $1.55 billion. Relative to the projection for the first half, that is down by some eight per cent. “This revenue shortfall is due completely to lower than expected inflation and not lower real growth of the economy,” the Prime Minister said. “In fact, the estimates of real growth developed by the International Monetary Fund (IMF) continue to confirm our own Budg......

...ymonette is confident that The Bahamas will see an uplift in trade and the economy, growth in the financial services sector and a slow ascendence in world rankings in terms of ease of doing business. “I’m not going to deny, it is going to be a challenge,” he says, “but we are working on it.”......

...ves Edison Sumner, right, and Michael Maura. (Photo courtesy BIS) Minister of State for Grand Bahama Kwasi Thompson, along with the director of investments Candia Ferguson represented the Bahamas government and the island of Grand Bahama at the Commonwealth Business Forum 2018, part of the Commonwealth Heads of Government Meeting (CHOGM ) in London. The Commonwealth Business Forum is an integral part of CHOGM and brings together businesses critica......

Her follow the remarks made by Minister of Foreign Affairs Darren Enfield in addressing the 48th Regular Session of the General Assembly of the Organization of American States in Washington, DC held June 4-5: Mr. President, The Bahamas also stands in solidarity with the people of Guatemala and assures them of our prayers and thoughts during this time of hardship. Over a century ago in 1889, 18 American States, nurturing the growing sense of Pan-A......

...ficial Christening Ceremony at Prince George Dock earlier this week of two state-of-the art, $15 million vessels. The tugboats are part of a public/private partnership to improve maritime services. “The maritime sector holds great promise for The Bahamas, and is another sector for increased diversification,” the Prime Minister said. “There are approximately 5,000 jobs Bahamians can be trained for in the international maritime industry.” The state-......

...mercial developments. tblair@dupuch.com Prime Minister Hubert Ingraham and State Minister of Finance Zhivargo Laing unveil the plaque to officially open the new Nassau Container Port at Arawak Cay, May 3. Also pictured from left: Minister of the Environment Earl Deveaux, James Mosko, and Michael Maura Jr, CEO Arawak Port Development. At far right is National Security Minister Tommy Turnquest. (BIS Photo/Peter Ramsay) Sidebar: Port facility feature......