The Bahamas Investor

Opposition Free National Movement senators receive their Instruments of Appointment from Governor General Sir Arthur Foulkes during an Appointment Ceremony at Government House May 16. Pictured: (from left) Senator Thomas Desmond Bannister; Hubert A Minnis, leader of the opposition; Sir Arthur; Senator Heather Hunt; Senator Zhivargo Laing; and Senator James Kwasi Thompson. Senator Thomas Desmond Bannister receives his Instrument of Appointment. Se......

...y assembled by May 11, the Prime Minister said. “My transition team headed by the former Attorney General Sean McWeeney, QC, is already hard at work and I propose to appoint Wendell Major CMG, later today, as the new Acting Cabinet Secretary,” he said. Perry Christie reads the Oath of Office as he is sworn in as Prime Minister of the Commonwealth of The Bahamas by Governor General Sir Arthur Foulkes at Government House May 8, 2012. (BIS Photo/Patr......

...th senior officials from the Grand Bahama Port Authority (GBPA) on the way forward for the College of The Bahamas‘ Northern Campus, and how the Ministry and the GBPA could strengthen collaboration efforts, and improve COB’s campus facilities in East Grand Bahama. Fitzgerald described the talks as being very productive. High on the agenda were the expansion of the hospitality and tourism sector, and the maritime academy. The Education Minister also......

...amily Islands and I would waste one day going and another day coming back [by commercial airlines].” Lightbourn took flying lessons from a Bahamasair pilot and earned his pilot’s license in 1979. That year, he bought his own plane–a Cessna 172, for $16,000–which he still flies to this day. “It’s one of the few things made of metal that actually goes up in value,” says Lightbourn of aircraft. “They last a long time. You just have to maintain them p......

...nearby 15-acre freight terminal site. The entire project is expected to be completed by the end of this year. When finished, the container port will comprise 50,000 sq ft of warehouse space and administrative offices across a 56-acre site, while the Gladstone Road Freight Terminal will house a new customs facility. Boost to Bay Street More than 60 per cent of all containers and 80 per cent of all cargo arriving in Nassau has typically been process......

...Hours after being elected to the North Abaco constituency for an eighth time, Hubert Ingraham resigns as that area’s MP and as leader of the Free National Movement. These announcements came while conceding defeat to the Progressive Liberal Party following the May 7, 2012, general elections. Watch a ZNS news broadcast of his address here.......

...topover visitors. An increase in air arrivals was due, in large part, to a free companion airfare and air credit programme. According to Gary Young, the MOT’s director of planning, research and statistics, in 2012, The Bahamas is set to record an eight per cent increase in visitor arrivals, with total tourist spending for the year expected to be around $2.3 to $2.4 billion. “There’s a longer stay and a higher spend visitor that is coming here,” sa......

...oviding a superior quality product.” The project, which is scheduled to be completed by March this year, is expected to employ some 300 people directly and up to 1,000 indirectly. The Prime Minister also disclosed that discussions with three major airlines, including Bahamasair and several charter services, to increase airlift to the island were ongoing, as well as plans to improve the island’s infrastructure. “Because of the commitment of the dev......

...A former Free National Movement Minister has met with the government to discuss a Chinese investment proposal for Grand Bahama, which he claims would bring around a thousand jobs. Watch a ZNS news report on the initiative here.......

...ntown Nassau. The Island Living supplement in this issue has a wealth of information for investors looking to buy property in the island paradise and the 32-page Legal Directory is a vital resource for anyone doing business in the jurisdiction. For all these stories and many more, pick up a copy of The Bahamas Investor magazine, available July 1. Order a free copy online by filling in your details in the box on the left. View the full issue online......

...to east and west Grand Bahama, extending the original remit of the Hawksbill Creek Agreement, which currently only applies to Freeport. cmorris@dupuch.com......

...nvestors as they learned about the necessary work required to gain support for a project of this size, scale and complexity from all stakeholders, including the Government of Haiti, Multinational Organizations, and other governments involved in Haiti’s recovery. When implemented Project Phoenix will produce up to 30 MW of base load power, and provide 1,600 jobs, while leaving the streets of Port-au-Prince free of municipal solid waste. The CREII o......

...m of other organizations in Norway bringing expertise critical to the OTEC commercialization including Floating Platforms, Large Deep Ocean Pipe Technology, Deep Sea System Development, and System Integration and Construction. OTE and Kongsberg Devotek will share technology and system development as well as marketing expertise to jointly address worldwide markets for Inland, Onshore, and Floating sustainable clean energy systems utilizing abundant......

...ee, none of the islands have to pay for it; none of the hotels have to pay for it; it is being done by the Ministry of Tourism,” Minister Wilchcombe said. “It is a way to get people to discover the islands and get them here in the quickest possible way,” he added. The Tourism Minister also said that Ministry officials will attend various trade shows and travel to countries around the world promoting the tourism products the country has to offer. “......

...is also a critical step towards the realization of the government’s policy for visa-free travel for Bahamians,” Minister Mitchell added. China’s Vice Foreign Minister Xie said the agreement is a new step in the bilateral relationship of The Bahamas and China. “It will facilitate the people-to-people exchanges between our two countries. More and more Chinese visitors and investors will come to the beautiful Bahamas,” he said. Minister Xie said prio......