The Bahamas Investor

...t is also moving forward with plans to develop both a centre of excellence for financial services and an arbitration centre. Developing the latter would entail relaxing the requirements of The Bahamas Bar to allow foreign lawyers to practice in the country, the Minister said. He said such a liberalisation of the sector would be necessary to grow the economy and, in addition, the government is looking to introduce short-term work permits so visitin......

...social media and a dedicated website to help to produce a database and platform for communication of Bahamians overseas. The Prime Minister said such a council could also promote investment and job opportunities for Bahamians wishing to return to and/or work in The Bahamas. “The council may also promote ways that Bahamians overseas can network and help with educational and community-minded projects that will benefit The Bahamas, especially young B......

...e investment offices here on this island to deal with investment proposals for this island.” Minister Turnquest pointed out that a part of that process does involve the government working with its partners at the Grand Bahama Port Authority to ensure that they limit the amount of contact necessary by either party, by simplifying and streamlining the requirements, using a single window, one-stop-shop approach. The minister noted that this would pre......

...representatives including Prime Minister Dr Hubert Minnis and Deputy Prime Minister and Minister of Finance Peter Turnquest at the Office of the Prime Minister last week. Pictured: Baker’s Bay executives Dr Livingstone Marshall, Sr VP, environmental & community (left) and Michael Meldman, chairman/CEO, Discovery Land Co (second left) pay a courtesy call on Prime Minister Dr Hubert Minnis (centre), Deputy Prime Minister and Minister of Finance Pete......

.... Part of Minister Foulkes trip entailed meetings with the Grand Bahama Port Authority, Freeport Container Port, Bahama Rock Ltd., Grand Bahama Shipyard, and Pineyard Steel to discuss its training programme. Among the labour leaders the minister met were Bahamas General Workers Union, headed by Thomas Basden who represents the workers at Bahama Rock; Grand Bahama Port Authority Workers Union, headed by Mervin Wright; and Commonwealth and Hotel Ser......

...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 Organisations, specifically the Commonwealth Parliamentary Association (CPA) for fur......

...ture and oil production, which are of interest to The Bahamas and our plan for future development,” said Minister Mitchell. On April 16, the Minister is scheduled to address both the House of Representatives and the Senate in separate sessions. Later, Mitchell is scheduled to hold meetings with Governor of Illinois Patrick Quinn. This meeting with the Governor would include the director of the Illinois Department of Commerce and Economic Opportuni......

...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 green energy. Global Energy Solutions last week signed a Memorandum of Understanding for a clean energy technical partnership with Orlando-based Sybac Solar, an international player in the integratio......

...ignite the entrepreneurial spirit for enterprising Grand Bahamians,” said Minister Thompson, before awarding the winners with a certificate and a grant cheque. “This new programme is bringing to life the dream of young Grand Bahamian entrepreneurs by helping them go from business idea to business launch, and it is also facilitating the expansion of existing small business enterprises here on the Island.” Minister Thompson pointed out that the gov......

...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......

...d he thanked Symonette for his service and wished him “all the best in his future endeavours”. Johnson is a former president of the Bahamas Bar Association and former Minister of State in the Office of the Attorney General and Ministry of Legal Affairs.......

...ovator’s Marketplace”, a component of the conference designed to provide a forum for emerging companies in biotech/life sciences, virtual reality, blockchain, Fintech, quantum computing and other cutting-edge industries to pitch their ideas to investors and attendees in 45-minute presentations. Pictured: Deltec International Group chairman Jean Chalopin welcomes over 300 thought leaders, regulators, emerging companies and financial services profes......

...on International Trade Law (UNCITRAL), pays a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Elsworth Johnson, July 29, 2019 at the Ministry. (BIS Photo/Raymond A Bethel Sr) Anna Joubin-Bret, Secretary of the United Nations 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......

...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......

...or 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 contact with the government, have been on island and have confirmed their commitments to proceed with those devel......