The Bahamas Investor

...ister of State for Grand Bahama Kwasi Thompson. (BIS Photo/Robyn Adderley) Minister of State for Grand Bahama Kwasi Thompson welcomed the president of Carnival Cruise Line , Christine Duffy, along with other top executives during a courtesy call November 6. Following the devastation of Hurricane Dorian at the beginning of September, Carnival greatly assisted residents of Grand Bahama by donating much needed relief supplies. The cruise line also re......

...for The Central Bank of The Bahamas , which long ago outgrew its premises. For many years the Central Bank pressed for the development of a new site, as the bank grew to meet the challenges and the responsibilities of a new era and a new century,” the Prime Minister said. The Central Bank’s Administration Department Manager Ian Fernander described the proposed facility as an “iconic structure” and a “one-of-a-kind building,” the Prime Minister tol......

...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......

...alise Family Island airports and make them “self-sustaining”, he said. The Minister is also eager for more non-stop international flights throughout the archipelago, opening the destination up to new markets and carriers and said building capacity was a priority for his Ministry. “We consider airlift to be a vital part of an integrated tourism plan,” he said. Caribavia takes place this week at Atlantis Paradise Island and brings together aviation......

...rvices; Ian Fair, chairman, Grand Bahama Port Authority; Michael Darville, Minister for Grand Bahama; Godfrey Smith, CEO Hutchinson Bahamas; Albert Gray, consultant, Ministry for Grand Bahama; Melvin Seymour, PS, Ministry for Grand Bahama; Sherry Rodgers-Brookes, PA/corporate, Hutchinson Bahamas; and Derek Newbold, business development manager, GBPA. (Photo courtesy of the Ministry for Grand Bahama) Pictured: (left to right) Melissa Forbes, projec......

...rns about our debt dynamics and the strength of our commitment to fiscal reform.” The Prime Minister said the latest IMF Article IV staff consultation report that was presented to the Executive Board of the Fund February 4, 2013, also calls for the implementation of a medium-term framework for broad-based fiscal consolidation to address “the imperative of a lower debt burden.” He said as the country faces the prospects of higher rates of interest......

...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)......

...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......

...nd Bahama and among our youth were still less encouraging, and remain therefore areas of clear, ongoing public policy concern.” Prime Minister Christie said: “It will be important that the country’s economy achieve appreciably higher rates of growth over time in order to generate sufficient new job opportunities, particularly in these two critical areas.” He said news on the inflation front has been somewhat more encouraging. The Prime Minister ex......

...ichael Darville welcomes the new president of Buckeye Partners, LP Khalid Muslih to Freeport, Grand Bahama. From left: Robert Gaffney, vice president international operations, Bahamas Oil Refining Company (BORCO) International Ltd; Khalid Muslih; and Minister Darville. (BIS Photo / Vandyke Hepburn) Minister for Grand Bahama Michael Darville welcomes the Bahamas Maritime Authority managing director aand chief executive officer Commander Davy Rolle,......

...Anne-Marie Davis; Deputy Prime Minister Philip Davis; Bernadette Christie; Minister of State for Investments Khaalis Rolle; Minister of Tourism Obie Wilchcombe; Minister of State in the Ministry of Legal Affairs Damien Gomez; and chairman of the Gaming Board Andre Rollins. Click here to see an enlarged photo. (BIS photo/Peter Ramsay) Pictured: (left) Prime Minister Perry Christie and Bernadette Christie tour the Bimini Superfast in the Port of Mia......

...cially reasonable efforts to use Bahamian materials, Bahamian professional services and other Bahamian services in connection with the implementation of the development plan.” Another aspect of the agreement stipulates that the developer shall operate with the government to put in place and sustain during the course of the development multi-disciplinary on-the-job technical skills training and apprenticeship programmes. These will be designed to e......

...ect coordinator, Baha Mar; Roderick Bowe, commodore, Royal Bahamas Defense Force; Bernard Nottage, Minister, National Security; Keith Bell, Minister of State, National Security; Marvin Dames, vice president, security, Baha Mar; Carl Smith, permanent secretary, Ministry of National Security; Karen Rigby, deputy permanent secretary, Ministry of National Security; Barbara Turnquest, executive officer, Ministry of National Security; Leon Bethel, assis......

...at Colombo airport by people in traditional Sri Lankan costumes. (BIS Photo/Peter Ramsay) Prime Minister Perry Christie arrived in Colombo, Sri Lanka, November 14 to attend the Commonwealth Heads of Government 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) wil......

...towards alternative fuels and moving towards compressed natural gas as an immediate way to address the present costs, but [we are also] taking into consideration ocean thermal energy and solar energy.” “We have a plan and we are working very diligently to meet the short-term goals, while planning for long-term solutions.” Prime Minister Perry Christie created the Ministry of Grand Bahama in May this year to tackle the challenges unique to The Baha......