The Bahamas Investor

...s) to up to 100 mbps. This will deliver an improved mobile data experience for BTC customers while enabling them to access new services like video calling and the streaming of HD video. The network upgrade, which will be undertaken by Huawei, will be phased, with services initially available in New Providence, the most populated island, followed by a roll-out across the rest of the country. BTC has been granted a 15 year licence to provide LTE mob......

...el, will allow Rand Memorial officials to use the area currently set aside for cafeteria services to facilitate additional treatment and bed capacity. “We want to be able to increase our bed capacity from 82 to at least 150 beds and that would also mean that we would want to include some private beds because there are those who – when they are admitted to hospital – would want privacy and they would want private rooms and so it our intention to ad......

...ther offices there to include services to promote our tourist products and financial services,” said Deveaux. The Minister also drew attention for the need to continue promoting the maritime opportunities in The Bahamas. “The Bahamas is well-known as one of the premier yachting and cruising destinations in the world. However, more than half of the potential yachting and cruising areas in the country are almost completely isolated and rarely visite......

...de all other interventions require a more accelerated improvement in the economic lot of borrowers.” He said in the past, there were very compressed discussions on these topics usually in the margins of the annual meetings of the IMF, World Bank, IDB, and the CDB. “Happily as has been said, this forum allows for a more in depth review of these challenges with a few to finding solutions that regional policy makers and international financial instit......

...faires Lisa Johnson to Grand Bahama August 28. (BIS Photo/Vandyke Hepburn) Minister for Grand Bahama Dr Michael Darville August 28 officially welcomed to Grand Bahama Lisa Johnson, who recently assumed duties as charge d’affaires of the US Embassy in Nassau. Johnson was making her first official visit to Grand Bahama. Minister Darville said that Johnson’s visit demonstrated the US’s commitment to working with all of the islands of The Bahamas. “As......

...h a distinctive Bahamian feel.” Also attending the event were Deputy Prime Minister and Minister of Works and Urban Development Philip Davis; Minister of Tourism Obie Wilchcombe; Minister of State for Investments in the Office of The Prime Minister Khaalis Rolle; Director of investments, Bahamas Investment Authority, Joy Jibrilu; former president of the senate and chairman, Bahamas Environment, Science and Technology Commission, and mother of Mark......

...and an average room rate increase of 11 per cent. During the announcement, Minister of Tourism Obie Wilchcombe said that he believes this performance means that the country is on the right track as far as tourism is concerned and is the result of his ministry’s comprehensive and multi-tiered marketing strategy covering the full tourism gamut from sports and culture to co-branding, major groups and romance tourism. The Minister said that the Tiger......

...ina State Construction, Tiger Wu; executive vice president, Baha Mar, Tom Dunlap; Alex Hailey, project field officer, intern, China State Construction; Bonnie Pratt-Reese, field officer, China State Construction ; Prime Minister Perry Christie; Deputy Prime Minister and the Minister of Works and Urban Development Philip Davis; Minister of Tourism Obie Wilchcombe; Minister of State for Investments in the Office of the Prime Minister Khaalis Rolle;......

...y of Freeport will continue to get better. Also addressing the opening was Minister for Grand Bahama Dr Michael Darville, who also congratulated the new owners, saying it was a pleasure to be there as the government was doing its part in encouraging entrepreneurial opportunities. “This is all due to an aggressive programme that’s been put in place by the Prime Minister. He is here today to be a part of this, and I understand that it is an investme......

...workers on site with oversight of standards and the construction timetable for completion,” Prime Minister Christie added. “This will ensure on-time completion of those properties that are slated to open in April 2017 and by December 2017.” “My Government was also able to secure an arrangement with the China Export Import Bank where the Bank made payments to unsecured creditors of Baha Mar, ex gratia, including terminated Baha Mar employees and su......

...recession, according to Minister Laing. “We have improved prospects in the financial services sector due to strategic targeting in Brazil and Asia,” he said. The Minister also said that the government was forecasting growth of 2.5 to 2.8 per cent in the country’s economy this year and expects to sustain those levels with a 2.4 per cent rise in 2013. He also said that The Bahamas debt to gross domestic product (GDP) ratio was 58 per cent, which was......

...s Outlook March 9, 2017 at the Grand Lucayan. (BIS Photo/Lisa Davis) Prime Minister and Minister of Finance Perry Christie has said that his government has spent more than $100 million on specific capital and infrastructure improvements throughout Grand Bahama. Addressing participants of the 9th Annual Grand Bahama Business Outlook, March 9, at the Grand Lucayan, the Prime Minister said that the money spent in Grand Bahama has to help strengthen t......

...ment to the general assembly for the first time during his tenure as Prime Minister,” Minister Mitchell said, at a press conference in the Diplomatic Lounge of the Lynden Pindling International Airport yesterday. His address is scheduled for September 28 at three o’clock in the afternoon. Also present at the press conference was Minister of Social Services and Community Development Melanie Sharon Griffin. Minister Griffin will sign the United Nati......

...Herbert Brown, Managing Director of the Public Hospitals Authority; Prime Minister Hubert Ingraham and Health Minister Dr. Hubert Minnis. Right picture: The first physicians to practice at the Rand Memorial Hospital upon its conception over 40 years ago. (BIS Photo/Sharon Turner) (L) Health Minister Dr. Hubert Minnis brings remarks. (R) Prime Minister Hubert Ingraham delivers the keynote address. (BIS Photo/Sharon Turner) Health Minister Dr. Hube......

...mmission (TTC) and Minister of Tourism Obie Wilchcombe tour the subway platforms. (MOT BIS Photo Derek Smith) Bahamas Minister of Tourism Obie Wilchcombe launched a comprehensive media and advertising campaign in Toronto, November 29. Bahamas publicity images and logos now cover six Toronto Transit Commission (TTC) subway trains, with interior ads throughout. The TTC, North America’s second busiest transit system, carries more than 460 million pas......