The Bahamas Investor

...d in the Act. Also under the Act, Parliament is to debate the FSR and to inform the Minister of Finance, no later than January 31, of any recommendations on the report. The Minister may amend the FSR, as applicable, and table it in Parliament, and then publish it. The FSR will then set the parameters for the preparation of the Annual Budget. “I remind the House that the FSR will also lay out the government’s medium term fiscal targets, detailing w......

...after a recent review of The Bahamas by the IMF. In response, Deputy Prime Minister and Minister of Finance Peter Turnquest said: “The government will stay the course with its fiscal strategy to boost economic growth, strengthen the fiscal balance and increase transparency and government accountability.” The Minister of Finance’s full response follows: “The Government will stay the course with its fiscal strategy to boost economic growth, strength......

...and Aviation Dionisio D’Aguilar addresses the audience. (BIS Photo) Prime Minister Dr Hubert Minnis and Minister of Tourism and Aviation Dionisio D’Aguilar welcomed the newest addition to Bahamasair ’s fleet yesterday morning. The new Boeing 737-790NG aircraft touched down for the very first time at Lynden Pindling International Airport at 11:05 am, February 14, 2019 after traveling from Anchorage, Alaska, to Opalocka, Florida before making its w......

...g management – through mentoring, ongoing training and other opportunities for advancement. The Prime Minister also took the time to applaud officials at Baha Mar for the launch of its global marketing campaign Life Spectacular in earlier this month. “Baha Mar is getting set to welcome the world to a new Cable Beach,” Prime Minister Minnis said. The Opening of SLS Baha Mar is another major milestone for the Baha Mar brand in The Bahamas. The resor......

Minister of State for Investments Khaalis Rolle will travel to Los Angeles, California, January 21-24 where he will participate in the America’s Lodging and Investment Summit (ALIS) International Opportunities Showcase. About 1,800 attendees are expected at the annual national investment conference, which attracts investors, hedge fund managers, hotel operators, and financiers. “This is one of the big two summits that takes place for this industr......

...that there was a leak, described as oil coming out the vessel in a bubble formation,” said Minister Hanna-Martin. “When the crew and captain realized that there was a leak, they continued out to sea into an area which is called the steering current.” She said they immediately erected a boom around the vessel, on the starward side, which had the effect of containing the leak. “They began repairs to the tank, and transferred the oil to another hold......

...services will be having a very dynamic and immediate impact on recovery efforts. Minister Melanie Griffin stated that teams from Nassau will be conducting assessments as early as Sunday. This includes determining not only the physical needs of persons, but their psychological needs as well. Dr Hubert Minnis said: “We always try to take an approach to this that is based on national challenges and appreciation that we have to work together to overc......

...over the past weekend.” “The Memorandum of Understanding will be placed before my Cabinet for final approval in short order, with a view to construction getting underway this summer,” the Prime Minister stated. He pointed out that this major expansion is expected to result in some one million additional containers passing through Freeport annually. Furthermore, he said the initiatives being taken by his government are designed to grow other exist......

...hich impacts our marine life, tourism and our environment. The political will to fix it exists in this Government and by the instruction of the Right Honourable Prime Minister and member for Centreville, which has already been given, we move with a sense of urgency to do so.......

...nment officials, including the Prime Minister Perry Christie, Deputy Prime Minister and Minister of Works Philip Davis and Minister of Youth, Sports and Culture Dr Daniel Johnson. The stadium will be designed by architect Michael Foster. A state-of-the-art facility, the stadium is part of the nation’s current strategy to fully develop its sports tourism product. Pictured: (from left) Gina Rodgers-Sealy, daughter of baseball great, Andre Rodgers; P......

...nment in the region of $100 million. With former Central Bank Governor and former Minister of State for Finance James Smith, at the helm of the board of directors, coupled with a portfolio manager, the Minister said that Resolve should be effective in carrying out the government’s mandate. “I am confident that this combination of the Board and portfolio manager will allow Resolve to maximize its collection on the portfolio of assets over which it......

...m product must be examined and enhanced in order for visitors to get value for what they pay for. Such areas as cultural and heritage sites such as the water tower, the forts, Clifton Heritage Park and other landmarks could be used to educate tourists about the history of The Bahamas. The Prime Minister also mentioned that the incidents of crime must be minimized in the interest of keeping the tourism product competitive. Minister of Tourism Obie......

...Minnis has said that he believes that this year will be an excellent year for Grand Bahama. The Prime Minister’s comments came during the official opening of Pirate’s Cove Zipline & Water Park, located at Taino Beach , last weekend. “My government seeks to encourage more of these Bahamian business ventures, particularly in Grand Bahama,” said the Prime Minister. “I have been advised that the investment into this project totals some $1.4 million i......

...st. Pictured (from left) Shaunae’s mother, Mabelene Miller; Shaunae; Prime Minister Christie; Minister of Youth, Sports and Culture Dr. Daniel Johnson; and Shaunae’s father, Shaun Miller. (BIS Photo/Peter Ramsay) Pictured: Shaunae Miller (front row, fourth from left) poses with the Prime Minister (front row, third from left), governments officials and family members at the Office of the Prime Minister 26 August. (BIS Photos/Kemuel Stubbs) Governor......

...Minister of Financial Services, Trade, Industry and Immigration Elsworth Johnson attended a Mass General Staff Meeting held in Freeport, Grand Bahama August 19, 2019. The Minister was accompanied by his permanent secretary, David Davis and director of Bahamas immigration Clarence Russell. During the meeting, Minister Johnson laid out his mandate for the Ministry moving forward.......