The Bahamas Investor

Minister of Labour Dion A Foulkes recently met with officials from Carnival Cruise Lines, as the Government looks to partner with the company to increase Bahamian employment. The government is hoping to finalise an agreement with Carnival soon that will enable trained and qualified Bahamians to get employment with the luxury cruise line. In June, Minister Foulkes toured Carnival’s training centre in Miami and said he was “impressed” with the faci......

...cutive officer Arnold Donald and Holland America Line president Orlando Ashford. Minister D’Aguilar also met with Donald following the dedication ceremony to discuss a variety of matters. On February 4, 2019, Carnival will unveil plans for Freeport’s newest cruise port. “We are pleased for the opportunity to witness such a special ceremony and get an up close look at one of Carnival’s newest ships,” said Prime Minister Minnis. “The Bahamas has a s......

...r in the upcoming Fiscal Strategy Report.” DPM Turnquest explained that as for Capital Expenditure, the Budget provides for a modest increase in 2019/20 over the current projected outturn. This category of spending represented some 1.6 per cent of GDP in 2018/19 and we project an increase to 1.8 per cent in the coming fiscal year. He said that amounts to a $28 million increase, from $207 million projected for this year to $235 million next year. G......

Minister of Financial Services, Trade & Industry and Immigration Brent Symonette, along with members of the Financial Services and Trade unit attended the 2019 Society of Trust and Estate Practitioners (STEP ) Miami which was held in Miami, Florida 31 May, 2019. The summit provided an overview of industry updates, and the latest issues concerning international private client planning. Minister Symonette and his team promoted and networked with ov......

Minister of Financial Services, Trade and Investment, and Immigration Elsworth Johnson delivered remarks during a luncheon hosted by the Chartered Institute of Arbitrators last week. The event was held at Luciano’s Restaurant July 18, 2019. The Minister was invited to the luncheon to state the country’s position on arbitration as the government moves to create an arbitration centre on Grand Bahama in the near future. The Institute’s 2019 Executiv......

...Patrik Marti, managing director of Credit Suisse paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette at the Ministry’s Offices. Pictured: Patrik Marti, head of Credit Suisse (right) with Minister of Financial Services, Trade & Industry and Immigration Brent Symonette at the Ministry’s Offices on December 6, 2017.......

...geous for our growing maritime sector and local residents,” he stated. The Minister for Grand Bahama also stressed that, with the proposed expansion of the College of The Bahamas (COB) maritime programmes outlined by the Minister of Education, he is certain that COB will develop a close working relationship with the internationally accredited regional training centre. “I am a firm believer that if we equip our young people with the necessary skill......

...Ltd managing director Renaud Vielfaure paid a courtesy call on Minister of Financial Services, Trade and Industry, and Immigration Brent Symonette, November 23, 2017 at the Ministry’s offices. Pictured: Lombard Odier partner Marc Lopez (centre) and Lombard Odier and Cie (Bahamas) Ltd managing director Renaud Vielfaure (right) pay a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette, November 23, 2017......

...an Development Bank (IDB) Mission Team paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette, November 20, 2017 at the Ministry’s Offices. Pictured: (fromm left) Florencia Cabral, IDB; Financial Services Unit Project Manager Tanya Murray; Miguel Porrua, IDB; Permanent Secretary Sherylee Smith; Minister Symonette; Attademo-Hirt; Juan Vieyra, IDB; Alexandre Veyrat-Pontet, IDB (Bahamas Office); Mario......

...eserve the environment, to ensure that the current generation can benefit from it and future generations can enjoy it.” Celebrations followed the ceremony with members of the Royal Bahamas Defence Force Band performing and a junkanoo “rushout” led by the Valley Boys followed. Browse another selection of photos, courtesy of Sandals Resorts, here. tblair@dupuch.com......

...rt Bank of China has been involved every step of the way and we a grateful for the efforts made by all parties to fulfill the terms of our agreements for the remobilization and sale of the Baha Mar Resort. Baha Mar is on track to realize its potential as a premier destination resort, a major employer, and an important contributor to the entire Bahamian economy. This outcome is good for The Bahamas, and great for the Bahamian people. God bless the......

...binet members have also been ousted from their seats, with former Minister for Financial Services Hope Strachan, former Minister of Tourism Obie Wilchcombe and former Minister of Education Jerome Fitzgerald all expected to lose to the FNM. PLP Chairman Bradley Roberts called the results “unexpected” and said the party would now focus on rebuilding. The country’s third largest opposition party, the Democratic National Alliance (DNA) is also in rebu......

...f Bahamas Insurance Association (BIA ) paid a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette at the offices of the Ministry June 8, 2017. Pictured: Dr Rhonda Chipman-Johnson (fourth, right) and members of Bahamas Insurance Association pay a courtesy call on Minister of Financial Services, Trade & Industry and Immigration Brent Symonette at the offices of the Ministry June 8, 2017. (BIS Photo/Krist......

...Mario Otero, paid a courtesy call on the newly appointed Minister of State for Grand Bahama in the Office of the Prime Minister, Kwasi Thompson June 15, 2017. Accompanying Otero were Suzanna Epps, Balearia Caribbean; Spencer Mallory, consultant, Balearia; and Ann Knowles, a local manager for Balearia. They met with Thompson along with permanent secretary, Melvin Seymour and senior under secretary, Harcourt Brown. Balearia is a fast ferry service t......

...we take active steps to improve both our household and domestic savings performance for sustainable economic growth.” The government is also exploring the creation of a Bahamas Small Business Development Centre that would be designed to aid in capacity building for entrepreneurs, particularly, small and medium-sized businesses that may need more technical assistance on matters such as getting a business license, writing a business plan, managing a......