The Bahamas Investor

...supply in New Providence. “We are embarked also on a renewable and solar energy revolution, with our Family Islands all eventually supplied by renewable energy,” the Prime Minister said. “We are building on the work of former governments to give the Bahamian people and residents the infrastructure that will boost equality of life and enhance economic development,” the Prime Minister said regarding modern infrastructure.......

...nt for coming to our aid.” Prime Minister Minnis noted that the combined efforts of the government and the international community have focused on search and rescue. The focus is now shifting to recovery, stabilization and restoration. The Prime Minister said the outpouring of the aid and generosity from thousands of Bahamians and others overseas has been extraordinary; however, he acknowledged that there have been problems in the coordination of......

...ortunities for locals onboard the various cruise ships serving the island. Minister for Grand Bahama Michael Darville meets with top executives of Celebration Cruise Line September 5. Pictured left to right are: James Velrillo, Celebration Cruise Line; Darville; Charles Kinner, president of Celebration Cruise Line; Melvin Seymour, permanent secretary at the Ministry for Grand Bahama; and Daniel Lambert, Celebration Cruise Line. Darville spent Wedn......

...blish New Providence as a Smart Island earlier this year. Officials in the Office of the Prime Minister have been working with the ITU Secretariat to expand the project to the entire Bahamas under the BSmart Bahamas Initiative (BSBI). “The project will result in a BSmart Bahamas Master Plan and the delivery of several pilot projects which can be scaled to our entire archipelago which stretches from southern Florida, US to Cuba,” said Prime Ministe......

...ng at a Bahamas Institute of Financial Services (BIFS) event recently, the Minister of Financial Services reiterated this message and said any reform would focus on driving economic growth. “As we proceed on tax reform we must approach it with the philosophy that it is more than just a method of collection for the government,” he said. “It is a mechanism whereby economic incentives can be introduced to help develop the economic basis of our countr......

...Perry Christie, Minister of Financial Services Hope Strachan and Minister for Foreign Affairs and Immigration Fred Mitchell. (BIS Photos) Prime Minister Perry Christie kicked-off the International Business and Finance Summit with an address at the CEO Dinner at the opening of the event February 5. The four-day event was organized by the Bahamas Financial Services Board (BFSB) and was held at the Grand Lucayan under the theme: Creating a New Legac......

...The Bahamas on the web on Facebook, Twitter and YouTube. Pictured: Bahamas Minister of Tourism Obie Wilchcombe (centre) participates in a panel discussion during Caribbean Week in New York City June 2. (Photo ©2015 Creative Solutions & Imaging) Pictured: Bahamas director general of tourism Joy Jibrilu (right) with Barbados Tourism Minister and chairman on the Caribbean Tourism Organization Richard Sealy in New York June 2. (Photo ©2015 Creative So......

...a partnership between the National Development Plan Secretariat within the Office of The Prime Minister and the private sector. This council is expected to produce an action plan that can profoundly impact the ability of the financial sector of The Bahamas to service its clients. Addressing the topic “Responding to change through innovation”, Prime Minister Christie told BFSB executives and members that he is aware that the government plays a role......

...sector is performing well and is expected to grow this year, according to Minister of Tourism and Aviation Vincent Vanderpool-Wallace. He also commented, however, that there was still room for improvement in the industry. At the 21st annual Bahamas Business Outlook conference, held at the Wyndham Nassau resort yesterday, Minister Vanderpool-Wallace told attendees that the tourism sector performed well in 2011, with over 3 million cruise ship pass......

...ufacturing facility earlier this month. Bahamas Striping welcomed Minister of State of Transport and Aviation Hope Strachan and Minister of State for Investments Khaalis Rolle, as well as industry partners, employees, and other guests. The opening of the building represents a landmark in the continuing growth of Bahamas Striping Group of Companies, as well as an important strategic step in the development of the manufacturing industry. President o......

The Bahamas is “open for business” according to Minister of State for Investment Khaalis Rolle , who says the government is committed to fostering an investor-friendly climate in the country. Speaking yesterday during the first day of the Bahamas International Investment & Business Forum (BIIBF) in Freeport, the Minister highlighted Grand Bahama’s pool of skilled labour, close proximity to major markets and desirable lifestyle as qualities that c......

...e a significant amount of foreign direct investment, according to Minister of State for Investments Khaalis Rolle, who noted that the recent Bahamas International Investment & Business Forum (BIIBF) had generated a “tremendous amount of activity”. “There are a number of follow-up conversations taking place with individuals that have the potential for investments” said Minister Rolle, speaking on the conference which was held at the Grand Lucayan R......

...m for the overall management of the Bahamian economy,” said State Minister for Investments Khaalis Rolle. “In line with this initiative and our commitment in the Charter for Governance to change our economic course, by placing greater emphasis on planning and effective execution of the nation’s blueprint to the future.” Rolle said, January 23, that the government met with the IDB and plans to establish an economic planning unit within the Office o......

...sed in 2012 when the current government took office, according to Minister of State for Investments in the Office of the Prime Minister Khaalis Rolle, whose department is overseeing its implementation. “We are probably one of the most successful countries in the region in terms of our ability to attract foreign direct investment and tourism, but the downstream benefits have not correlated with what we have achieved,” he says in explaining why ther......

...Craigg as Governor of The Central Bank of The Bahamas and the appointment of former financial secretary John Rolle as the new Governor: Mrs. Wendy Craigg, having completed her statutory term as the Governor of the Central Bank of the Bahamas, demitted office on December 31st 2015. Of special historical significance, Mrs. Craigg was the first female to hold this vitally important post in our national financial system. Moreover, she served with utm......