The Bahamas Investor

...ew 56-acre complex on nearby Arawak Cay frees over 20 acres of prime real estate for the redevelopment and revitalization of downtown. The relocation will provide members of the public with their first opportunity to invest in the shipping sector with a projected 10 per cent return on investments. Arawak Cay Port Development Holdings (APDH), which is the founding private sector partner, and the Bahamas government have each invested $20 million int......

...f the country’s largest employers. Atlantis executives also discussed with Minister 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, A......

...Economic Empowerment Programme was launched on November 24, 2017 by Prime Minister Hubert Minnis. According to Minister Thompson, the winners of the grants represent just the first session of the programme in Grand Bahama. A second session for new participants is expected to start shortly, on January 15. “But what is even more exciting is the fact that this programme will now go national,” said Minister Thompson. “We wanted it to start here in Gr......

...ng from the Bahamas Striping Group’s investment arm, The Investment Group. Minister Bannister was the keynote speaker at the recent launch of the formal partnership. He said the launch represents a “milestone” which can be attributed to the hard work and commitment needed to move a concept from an idea into reality. The Minister remarked that the conversation about renewable energy sources is a topical one particularly, as it relates to the use of......

...ing his keynote address at the Caribavia aviation industry conference. The Minister highlighted the importance of airlift to The Bahamas’ tourism product, saying: “When you live on an island visitors can only come by air or sea; we do not enjoy the built-in luxury of a drive-up customer base. We welcome the majority of our visitors by sea, but the injection into the economy increases exponentially when a visitor arrives by air. To succeed, we beli......

...d experience of Blue Parrot under the Fowlco Ltd corporate umbrella,” said Minister Foulkes. The Labour Minister added that “the government is pleased that Fowlco and Blue Parrot are committed to a major technical training programme to ensure more Bahamians become qualified to take advantage of the tremendous maritime career opportunities.” Blue Parrot’s technical advisor Alberto Gonzalez said: “We enjoy a great business relationship with Fowlco,......

...paves the way for the commencement of this important project,” said Prime Minister Minnis. “This Heads of Agreement articulates how this development can proceed.” The Prime Minister said the Heads of Agreement will be signed next Monday, and that over the following two weeks, two additional Heads of Agreements will be signed. “We are on the road to revitalizing both Grand Bahama and the entire Bahamas,” added Prime Minister Minnis. “I am advised......

...Annual Business Outlook at Grand Lucayan resort February 22, Deputy Prime Minister and Minister of Finance Peter Turnquest outlined some of the initiatives the government is taking in order to remain transparent in its fiscal policies. One of those initiatives relates to public financial management and reform. “In this regard we are starting with an innovative programme for e-tendering for government contracts and services,” explained Minister Tu......

...ictured: Groundbreaking ceremony for GoldWynn Condo-Hotel and Residences on May 23, 2018 on Cable Beach. Prime Minister Minnis is pictured, centre, with Wynn Group CEO Paul Wynn, fourth left; Deputy Prime Minister and Minister of Finance Peter Turnquest, third left; and Minister of Tourism and Aviation Dionisio D’Aguilar, second left, along with other officials. (BIS Photo/Peter Ramsay)......

...hing to start a new low-risk business to do so in five days or less. Prime Minister Minnis said he has also pressed his ministers to address the unacceptable amount of time it takes for Bahamians and foreigners alike to open a bank account. He acknowledged the importance of the Know Your Customer rules, but said it was just as important that Bahamians be able to go to a bank and open an account with little hassle, once they have the proper identif......

...pleased that the refurbishment of this historic site has begun,” the Prime Minister said. “In time, we must consider a new parliamentary complex,” the Prime Minister said, further explaining that the current Senate and House of Assembly buildings should become museums chronicling the country’s development as a parliamentary democracy. Pictured: Plans for The Central Bank of The Bahamas’ new facility were unveiled on Friday May 11, 2018, as part of......

...use of Assembly, February 27, 2019. (BIS Photo/Kemuel Stubbs) Acting Prime Minister and Minister of Finance Peter Turnquest delivered the Mid-Year Budget Statement in the House of Assembly yesterday. Minister Turnquest said that the government’s 2018/19 Budget was a watershed budget, as it was guided by the stringent fiscal requirements of the then-pending Fiscal Responsibility Act. The subsequent Fiscal Strategy Report of November then set the st......

...officially opened the same day. At Wednesday’s meeting, officials were expected to come up with ideas centred around how to move forward with the plan, which would be discussed further when the CTO meets later this year. Pictured: Prime Minister Minnis (centre) and Minister of Tourism Dionisio D’Aguilar (right) discuss regional tourism ahead of the 40th Regular Meeting of the Conference of Heads of Government of the Caribbean Community being held......

...Commission on International Trade Law (UNCITRAL ), paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Elsworth Johnson, July 29, 2019 at the Ministry. The minister also met with US Charge d’Affaires Stephanie Bowers and officials of the US Embassy during another courtesy call the same day. Pictured: US Charge d’Affaires Stephanie Bowers meets Minister Johnson during a courtesy call July 29, 2019 at the Ministr......

Minister of State for Grand Bahama Kwasi Thompson has told residents of Grand Bahama that developers of two major projects on the island have reconfirmed their commitment to the island. Minister Thompson made the announcement during a press conference, September 16. He said that partners in two major projects for Grand Bahama – the Carnival Cruise Port and the Royal Caribbean and ITM negotiations with respect to the Grand Lucayan – have been in c......