The Bahamas Investor

...nimising deviation for vessels in transit; customers can easily access our services, lightering equipment and personnel along the most widely traded shipping lanes providing significant cost savings. The addition of Cayman Brac to our existing and successful bases in Aruba, and the Bahamas aligns well with our vision of providing our customers safe and reliable STS services in emerging markets and further diversifying our global portfolio.” The co......

...wholesalers, retailers, distributors and national restaurant chains in North America. It plans to use RedPrairie Warehouse Management (WMS), Workforce Management (WFM) and Transportation Management System (TMS) at its Jacksonville facility to maximize efficiencies and reduce costs. Bahamas Food Services is one of the largest full-line foodservice distributors in the Bahamas. As part of its plan to double the size of its Nassau warehouse, Bahamas......

...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......

...nting out that fuel is the most “influential factor” in the cost equation, Minister Davis said the government of The Bahamas, in consultation with KPMG, has defined ways in which fuel and other costs will be reduced throughout the supply chain. In light of this Minister Davis said an incentive regime for the management company would be introduced. “This regime prescribes a significant portion of the management company’s remuneration based on achie......

...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 Opportunity as well as the director of......

...sland. The announcement came from Deputy Prime Minister of The Bahamas and Minister of Finance Peter Turnquest, who was the guest speaker at the Grand Bahama Chamber of Commerce’s monthly luncheon, held July 21 at Grand Lucayan resort. Minister Turnquest told chamber members and guests that the establishment of a satellite office of the BIA will be a big step in helping with the economic revitalization of Grand Bahama. “Hopefully, no longer will y......

.... 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......

...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......

...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......

...gh internships and mentorship within the accounting profession,” the Prime Minister said. “We must show our young people the diversity of the accounting world and all of the tremendous advantages that this degree can bring them.” Prime Minister Christie said that The Bahamas has long been a country known to “punch far above its weight class”, and the local accounting profession is no different. “We bear witness to all of the major international ne......

...interest in the project and that these investors will be evaluated,” Prime Minister Christie said. Prime Minister Christie, who was making the opening statement for the 2016/2017 Budget Debate, pointed out that it must be borne in mind that that ongoing process is being carried out under the supervision of the Supreme Court. “Therefore, these matters are subject to confidentiality and, as such, only limited information may be shared by those who a......

...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)......

...les and marketing, GB Shipyard; Hadley Forbes, president, H Forbes Charter Services; 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 th......

...nd’s campaign for the UN Security Council for the term 2015 to 2016. Prime Minister Christie advised the Prime Minister of New Zealand of the proposed implementation of value added tax (VAT) in The Bahamas and enquired of possibilities for cooperation between the two countries on this matter. Christie also thanked New Zealand for their pledge of support to The Bahamas’ candidature for re-election to the Council of the International Maritime Organi......

...nies running their own generators, rather than relying on the island grid. Minister Darville acknowledges that this is a major concern and could be stunting the sector’s growth, saying: “The industrial sector and power go hand in hand.” “The growth and expansion of facilities are directly related to the reduction of the cost of electricity. We lower the cost [and] we would see an expansion in the industrial sector. It is an issue that is ongoing,......