The Bahamas Investor

...ha Mar mega resort. China State Construction Engineering Corporation signs the agreement for the purchase and redevelopment of the Nassau British Colonial Hilton Hotel and adjacent property at an official ceremony held in the foyer of the hotel October 24. Foreground: (left to right) Chairman of China State Construction Yi Jun; and Chairman of the British Colonial Hilton Gerhard Beukes. Background: (left to right) Deputy Prime Minister and Ministe......

...ance at the ceremony were Minister of Tourism Obie Wilchcombe and Minister of State for Trade and Investments Khallis Rolle. Prime Minister Christie said he felt “privileged” to be recognized in this way. “As I think of the change that Dr King helped to bring about in this nation, and worldwide, in his brief but powerful life, I feel privileged to be named among past recipients of this great honour; illustrious persons of iconic stature such as Ro......

...ichael Darville welcomes the new president of Buckeye Partners, LP Khalid Muslih to Freeport, Grand Bahama. From left: Robert Gaffney, vice president international operations, Bahamas Oil Refining Company (BORCO) International Ltd; Khalid Muslih; and Minister Darville. (BIS Photo / Vandyke Hepburn) Minister for Grand Bahama Michael Darville welcomes the Bahamas Maritime Authority managing director aand chief executive officer Commander Davy Rolle,......

...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......

...sau. In bringing remarks to the honourees and guests, attorney general and Minister of Legal Affairs Allyson Maynard-Gibson said that the government recognizes that the success of The Bahamas is linked to the success of the financial services sector and the professionals who work within it. “The Bahamas’ greatest asset is its people. People are vital to the success of financial services.” She pointed out that expertise, efficiency and excellence w......

...isters of the new Progressive Liberal Party (PLP) government took the Oath of Office in the presence of Governor General Sir Arthur Foulkes May 10 at Government House. The new Ministers are: Bernard Nottage, Minister of National Security and Government Leader in the House of Assembly; Obediah Wilchcombe, Minister of Tourism; Jerome Fitzgerald, Minister of Education Science and Technology; Ryan Pinder, Minister of Financial Services; Allyson Maynar......

...re island facilities and consideration for the demolition or redevelopment of the former Crystal Palace Hotel. “With these additional investments completed, the project will have created 5,700 new direct jobs and an additional 4,160 indirect and induced jobs,” he said. “The general contractor currently has over 500 workers on site with oversight of standards and the construction timetable for completion,” Prime Minister Christie added. “This will......

...the competent authority and have successfully registered the lion’s share of foreign financial institutions. The current OECD obligation for Automatic Exchange of Information (AEOI) and the Common Reporting Standard (CRS) is of course the next big regulatory obligation that The Bahamas must face. As you are all no doubt aware The Bahamas has committed to a 2018 compliance date and a bi-lateral approach opting for agreements with countries on an i......

...ister in Freeport. The announcement came following a meeting with Minister of State for Grand Bahama Kwasi Thompson and Parliamentary representatives in Grand Bahama. The PM went on to note other government initiatives to spur the local economy. “The Office of the Prime Minister, Grand Bahama, is actively engaged in the establishment of the Grand Bahama Investment Unit. This unit will be a one-stop shop for investors, improving the ease of doing b......

...rd Nottage, Minister of National Security and Senator Keith Bell, Minister of State in the Ministry of National Security, together with the Heads of National Law Enforcement Agency (HONLEA) were guests of Baha Mar. In addition to the site tour, the group received first-hand updates about Baha Mar and pledged its unified support during a lunch discussion about security in and around the luxury resort. Robert Sands, senior vice president of administ......

Minister of Foreign Affairs and Immigration Fred Mitchell is in Springfield, Illinois today on an official state visit. The broad objectives of the visit are to strengthen diplomatic relations and bilateral cooperation between The Bahamas and the state of Illinois, given its “strengths in the sectors of manufacturing, agriculture and oil production, which are of interest to The Bahamas and our plan for future development,” said Minister Mitchell.......

Former Minister of State in the Office of the Attorney General Elsworth Johnson will replace MP for St Anne’s as the Minister of Financial Services, Trade and Industry and Immigration. In a statement, Prime Minister Dr Hubert Minnis said he thanked Symonette for his service and wished him “all the best in his future endeavours”. Johnson is a former president of the Bahamas Bar Association and former Minister of State in the Office of the Attorney......

...d: President of Carnival Cruise Line, Christine Duffy (left) with Minister of State for Grand Bahama Kwasi Thompson. (BIS Photo/Robyn Adderley) Minister of State for Grand Bahama Kwasi Thompson welcomed the president of Carnival Cruise Line , Christine Duffy, along with other top executives during a courtesy call November 6. Following the devastation of Hurricane Dorian at the beginning of September, Carnival greatly assisted residents of Grand Ba......

...key to the success of the Bahamian tourism industry, according to Minister of State for Tourism and Aviation Vincent Vanderpool-Wallace. However, in order to harness their potential in the sector, there needs to be more emphasis on public-private partnership, greater use of technology and enhanced marketing. The Minister made the comments as he opened the First Regional Seminar on Tourism: SMEs and Tourism Development in the Caribbean Region, toda......

...in the industrial and maritime sectors. Grand Bahama’s strategic location, state-of-the-art infrastructure and man-made harbour make this island a force to be reckoned with.” “Therefore, I am extremely happy that Ms Johnson has decided to visit our island, to get a bird’s eye view of what Grand Bahama has to offer in terms of investment opportunities,” he stated. He told her that during her visit it is hoped that she will see why Grand Bahama Isla......