The Bahamas Investor

...012/2013 Budget Communication in the House of Assembly May 30, 2012. Prime Minister Christie said the changes come as a result of the government’s second core imperative programme of change, which is the strengthening of the domestic economy and the attendant creation of jobs, the broadening of Bahamian ownership in the economy and the attainment of a higher standard of living. The first core imperative is to address crime. The Prime Minister also......

...any , for the introduction of Excise Stamps on all tobacco products. Prime Minister Christie explained that the stamps will attest to the payment of excise taxes, facilitate audit and compliance activities to combat smuggling and secure an important source of government revenue. The Prime Minister also said that the government intends to initiate negotiations with the US in respect of the Bahamas Civil Aviation Flight Information Region (FIR). Cur......

...ur visit to The Bahamas in July, we sat down with Obie Wilchcombe, Bahamas Minister of Tourism, to discuss the country’s unique past, the key to its success as a tourist destination, and how it can keep on growing. “I think what we should appreciate is our history,” he said. “When we began the tourism industry 50 years ago many of the Caribbean countries thought it was more to do with servitude than service. They didn’t want to focus on it. They c......

...Minister of Transportation and Aviation Glenys Hanna-Martin delivered an address at the official opening of the final stage of the redevelopment of the Lynden Pindling International Airport last week. Watch excerpts from her speech here.......

...CARIFTA Games, was honoured at the opening of the 42nd CARIFTA Games. Also pictured at left: Minister of Youth, Sports and Culture Daniel Johnson; and right, Prime Minister Perry Christie. (last) Prime Minister Perry Christie talks with one of the Bahamian athletes.......

...try of Foreign Affairs and Immigration, April 15. (BIS Photo) Deputy Prime Minister and Minister of Works and Urban Development Philip Davis received Monica Lanzetta Mutis, Deputy Minister of Foreign Affairs of the Republic of Colombia, for a courtesy call at the Ministry of Foreign Affairs and Immigration, April 15. The main objective for this meeting was to explore avenues through which the Commonwealth of The Bahamas and the Republic of Colombi......

...er cent of GDP, slightly below the Budget forecast of 6.5 per cent.” Prime Minister Christie said in the 2013/14 fiscal year, Recurrent Expenditure is being held to a level of $1,737 million, just below the level set out in the Mid-Year Statement. “Likewise, Capital Expenditure next year will be contained to a level of $295 million, not significantly changed from the $300 million projected in February.” He said in this context, the government expe......

...Tourism Minister Obie Wilchcombe says that the new multi-million dollar resort and casino facility being built in Bimini will bring revenue and employment to the Family Island. Watch an interview with Wilchcombe here.......

...Prime Minister Perry Christie delivered the 2013/14 Budget Communication in the House of Assembly May 29.......

...pson-Miller; Grenada’s Prime Minister, Dr Keith Mitchell; Dominica’s Prime Minister, Roosevelt Skerrit; and Prime Minister of The Bahamas Perry Christie. Ramotar said he does see not the US$3 billion in concessional loans from People’s Republic of China to the Caricom States that support the One China policy as an attempt to gain influence internationally. “I don’t think China has to gain influence. I think China is a powerful and influential coun......

...ng on the past, Envisioning the future” event.......

...utting/©Dupuch) On board to celebrate the vessel’s first voyage were Prime Minister Perry Christie and Minister of Tourism Obie Wilchcombe (left) along with President of RAV Bahamas Gerardo Capo (background). The $100 million cruise ship, formerly a Greek ferry plying the Mediterranean Sea, has been upgraded to include casinos, restaurants, bars and lounge areas. Resorts World Bimini is offering twice-daily service between Port Miami and Bimini. T......

...Prime Minister Perry Christie gives details of the masterplan for development of the Bimini islands. Watch a video here.......

Minister for Grand Bahama Michael Darville September 17 encouraged Emera, owner of the Grand Bahama Power Co (GBPC) , to back the government’s plan to significantly reduce the cost of electricity on Grand Bahama. Darville’s comments came as he participated in the official opening of Emera’s new $80-million 52 mega watts power plant on West Sunrise Highway. He told the gathering that he is convinced that one of the hindrances to the expansion of t......

...economic potential and diversity of our wonderful island communities.” The Minister stressed the Prime Minister’s role as a driving force behind the project. “He understood that it would be tied to a series of economic projects on this island and would facilitate and enhance this growth spurt in our economy,” she said. “He also understood that the ownership of this airport could not be relinquished, because of its significance to our nation and pe......