The Bahamas Investor

...success that we hope to achieve on the growth and jobs front; ignoring the state of our finances would have deleterious consequences for the viability of our agenda and future prospects for the Bahamian society and economy,” Turnquest said as he presented the Budget Communication 2017/2018 in the House of Assembly May 31, 2017. He said the government is committed, as a first priority, to working diligently in the months ahead to improve on the fis......

...ved handling for pilots, as well as the latest in avionics technology. The state-of-the-art, all glass cockpit further reduces flight crew workload and enhances situational awareness while providing better reliability, maintenance cost savings and weight reduction. New Leadership Concurrent with the announcement of its upgraded fleet, Silver also has named Steven A. Rossum as its new Chief Executive Officer, effective August 7, 2017. Mr. Rossum re......

...this summit is going to be much bigger than we anticipated,” said Minister of State for Grand Bahama Kwasi Thompson, who has been a strong advocate of making Grand Bahama the technology hub of The Bahamas. Pictured: Minister of State for Grand Bahama, Senator Kwasi Thompson, speaks during a meeting to finalize plans for the hosting of the GB Technology Summit, November 9-10, 2017 at Grand Lucayan resort. (BIS Photo/Lisa Davis) “As Grand Bahamians,......

Earlier this week, Minister of State for Grand Bahama Kwasi Thompson hosted investors Philip Ward and Mike Hayhurst, developers of a series of village-styled homes on marina-front lots in Deadman’s Reef that will be known as Seaward Fishing Village. “We’re pleased to announce that they have already set out to engage local Bahamian contractors and purchase many of the materials locally,” said Minister Thompson. “We anticipate that this will create......

...ght of as the Silicon Valley of the Caribbean. This is the perfect time to be part of the growth and reinvigoration that’s taking place here.” Wood continued, “We have been working closely with Minister of State for Grand Bahama, Senator Kwasi Thompson and his team, and they have been tremendously helpful. They are committed to making Grand Bahama a business-friendly environment.”......

...ibbean consumers will gather to share and receive important updates on the state of tourism in the region, and celebrate the sights, sounds, colour and culture of the Caribbean. Hon. D’Aguilar, Mrs. Jibrilu and representatives from the Bahamas Ministry Of Toursim and Aviation will join members of the CTO for a Caribbean diaspora forum, student colloquium and a variety of business sessions, conferences, trade shows, marketplaces and workshops discu......

...ellness enthusiast with strong ties to the Caribbean will host this year’s State of the Tourism Industry Conference (SOTIC ) in The Bahamas. The Caribbean Tourism Organization (CTO ) has confirmed Santana Rodriguez, the former US television personality and news reporter, as chair of the 2-5 October conference, being organized in collaboration with the Bahamas Ministry of Tourism. Themed ‘Rejuvenate, Recreate, Reconnect – New Directions for Caribbe......

...d got underway with regional workshop and press briefing yesterday. Prime Minister Dr Hubert Minnis will deliver the keynote address this evening to mark the event, which runs October 1-5. Pictured: State of Tourism Industry Conference (SOTIC) 2018 delegates attend a regional workshop and press briefing at Atlantis Paradise Island October 1. (BIS Photos/Kemuel Stubbs)......

...rency Conference, which brought around 500 companies to Freeport, Minister of State for Grand Bahama Kwasi Thompson said: “The tech conference is designed to attract investors, entrepreneurs and service providers and tech companies from all over the world. Grand Bahama is open for business and we welcome our international business representatives to discover what our island has to offer.” The MICE travel segment is set to grow, but will face chall......

...al submitted by GPH includes plans to transform Prince George Wharf into a state-of-the-art port and waterfront destination managed by Nassau Cruise Port Ltd (NCP), a specialty purpose vehicle created for the project. Under the proposed ownership structure of NCP, Global Ports Holding will own 49 per cent of the company, while another 49 per cent will be owned by the Bahamas Investment Fund (BIF). BIF will be created to serve as an investment vehi......

...rom the University of The Bahamas. (Bahamas’ Ambassador to the UAE and the State of Qatar/Tony Joudi) The Bahamas’ financial services sector hopes to make inroads into the Middle Eastern market with a series of events this month – all of which will lay the groundwork for the country’s presence at the Dubai Expo 2020. The Bahamas Financial Services Board (BFSB) will host a Bahamas Landfall event in Dubai on 18 November, in addition to sponsoring ST......

...ys, America’s leading independent regional airline, is introducing its new state-of-the-art ATR-600 series aircraft in the Caribbean. The ATR-600 series aircraft is specifically designed for short-haul markets, but with the same look, feel and customer amenities of larger jetliners. Silver is scheduled to launch a total of four new ATR-600 series aircraft in its Caribbean operation this year, including one ATR 72-600 starting March 4, 2020, one AT......

...iate for me to address the nation this evening to provide an update on the state of affairs surrounding the delayed completion and opening of the $3.5 billion mega Baha Mar resort project in Cable Beach. This project, the largest of its kind ever to be built in a single phase in the Caribbean Region, has enormous economic and employment implications for The Bahamas, and my Government has been working diligently with the relevant parties with a vie......

...like to thank the developer, China State Construction and Engineering Corp for the investment of $250 million in this harbour-front project, the 250 construction jobs being undertaken by Bahamians and the future employment prospects for 500 Bahamians in the operation and management of the hotel and residential units. This does not include the number of Bahamians who I expect will be employed by retail owners when the facility is fully subscribed a......

...sector has seen enormous upheaval during recent times. What is the current state of the financial services industry in The Bahamas? Aliya Allen: We have reached a state of stability in the last year or so and the outlook is improving. I think that we are on the cusp of a very dynamic period for financial services. As a jurisdiction, we have a lot of advantages and we market these accordingly, such as political stability, legislation and expertise.......