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News & Press - Sep 19/18

 

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Hero Motocorp extends sponsorship of Hero World Challenge

TGR Live and Tavistock Group have announced that India-based Hero MotoCorp has extended its title sponsorship of the Hero World Challenge. The 2018 Hero World Challenge golf tourney will be played at Albany, The Bahamas, November 29 – December 2, and will feature tournament host Tiger Woods and an invitation-only field comprised of the top ranked golfers in the world. 

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TheBahamasInvestor.com
Tuesday, September 18, 2018
Tuesday, September 18, 2018

TGR Live and Tavistock Group have announced that India-based Hero MotoCorp, the world’s largest manufacturer of two-wheelers, has extended its title sponsorship of the Hero World Challenge.

The 2018 Hero World Challenge will be played at Albany November 29 – December 2, and will feature tournament host Tiger Woods and an invitation-only field comprised of the top ranked golfers in the world.

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AG addresses AML/CFT conference – PDF

Attorney General and Minister of Legal Affairs Carl Bethel gave an overview of the regulatory environment of the financial services sector at the AML/CFT conference September 17 being held at the Baha Mar Convention centre this week. Download his full address here. (Stock photo)

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TheBahamasInvestor.com
Tuesday, September 18, 2018
Tuesday, September 18, 2018

Attorney General and Minister of Legal Affairs Carl Bethel spoke at The Bahamas’ first anti-money laundering and counter financing of terrorism (AML/CFT) conference September 17 being held at the Baha Mar convention centre this week.

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The Bahamas' first anti-money laundering and counter financing of terrorism conference opened in Nassau today bringing industry, government and regulators together to discuss how the country can deal with the complexities of current AML/CFT environment. 

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TheBahamasInvestor.com
Monday, September 17, 2018
Monday, September 17, 2018

ALT TAG HEREThe Bahamas’ first anti-money laundering and counter financing of terrorism conference (AML/CFT) conference opened in Nassau today bringing industry, government and regulators together to discuss how the country can deal with the complexities of current AML/CFT environment.

Addressing the event this morning, Minister of Finance Peter Turnquest highlighted the difficulties of the current financial landscape, saying: “We operate in an environment of constant change. To stand among the best in the financial services industry there is no room for complacency. Complacency makes you obsolete and can threaten your access to markets. As a jurisdiction, we must be highly engaged, we must be robust and we must be effective in our enforcement of standards.”

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CDB execs visit Bahamas

Caribbean Development Bank executives paid a courtesy call on Prime Minister Dr Hubert Minnis and Deputy Prime Minister and Minister of Finance Peter Turnquest September 12, 2018 at the Office of the Prime Minister. Pictured: Prime Minister Minnis (second right), Deputy Prime Minister Turnquest (left), meet with CDB president Dr William Warren Smith (second left) and CDB director, Projects Department, Daniel Best. (BIS Photo/Yontalay Bowe)

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TheBahamasInvestor.com
Thursday, September 13, 2018
Thursday, September 13, 2018

Caribbean Development Bank (CDB) executives paid a courtesy call on Prime Minister Dr Hubert Minnis and Deputy Prime Minister and Minister of Finance Peter Turnquest September 12, 2018 at the Office of the Prime Minister.

Former Minister of State in the Ministry of Finance Ministry Zhivargo Laing has been named as the new chief negotiator in talks with the World Trade Organization regarding The Bahamas' accession to the trade body. Watch an interview with Laing here. 

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ZNS News
Tuesday, September 11, 2018
Tuesday, September 11, 2018

Continue to see videoFormer Minister of State in the Ministry of Finance Ministry Zhivargo Laing has been named as the new chief negotiator in talks with the World Trade Organization regarding The Bahamas’ accession to the trade body.
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Stopover visitor numbers up 15.2 per cent

Stopover visitor arrivals to The Bahamas were up 15.2 per cent for the first six months of this year, compared to the same period last year, according to government figures released last week. Pictured: Minister of Tourism and Aviation Dionisio D’Aguilar addresses the press conference at the British Colonial Hilton on September 7, 2018. (BIS Photo/Kemuel Stubbs)

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TheBahamasInvestor.com
Tuesday, September 11, 2018
Tuesday, September 11, 2018

Stopover visitor arrivals to The Bahamas were up 15.2 per cent for the first six months of this year, compared to the same period last year, according to government figures released last week.

The increase translates into an additional 110,000 visitors to the country during that timeframe.

Tourism officials estimate that an average stopover visitor to The Bahamas spends “north of $1,500” which would suggest that revenue during that timeframe, as a result of those stopover visits, was an estimated $165 million.

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Government dishes out $180k of grants to GB entrepreneurs

Participants of the Grand Bahama Micro and Small Business Economic Empowerment and Entrepreneurial Incentive Programme Cohort III were awarded grants worth $180,000 during a press conference last week. Pictured: Minister of State for Grand Bahama Minister Kwasi Thompson speaks at a press conference at the Office of the Prime Minister September 6, 2018. (BIS Photo/Lisa Davis)

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TheBahamasInvestor.com
Monday, September 10, 2018
Monday, September 10, 2018

Forty-one participants of the Grand Bahama Micro and Small Business Economic Empowerment and Entrepreneurial Incentive Programme Cohort III were awarded grants worth $180,000 during a press conference at the Office of the Prime Minister September 6, 2018.

Minister of State for Grand Bahama Minister Kwasi Thompson said that the government has a created a Small Business Development Centre which will start in New Providence, but will also have an office in Grand Bahama.

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Ministry of Tourism and Aviation has partnered with The Bahamas Development Bank to host a series of workshops to encourage young entrepreneurs to set up businesses. Watch a video about the initiative here. 

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Tourism Today
Friday, September 7, 2018
Friday, September 7, 2018

Continue to see videoThe MOT has partnered with The Bahamas Development Bank to host a series of workshops to encourage young entrepreneurs to set up businesses.
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Central Bank releases July financial report – PDF

The domestic economy maintained its mildly positive growth trajectory in July, according to The Central Bank of The Bahamas' latest Monthly Economic and Financial Developments report. Read or download the report here. 

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Central Bank of The Bahamas
Thursday, September 6, 2018
Thursday, September 6, 2018

The domestic economy maintained its mildly positive growth trajectory in July, according to The Central Bank of The Bahamas latest Monthly Economic and Financial Developments report. Gains in the tourism sector were underpinned by improvements in the major source markets, increased high-end room capacity, and an expansion in airlift.

In addition, foreign investment projects continued to support activity in the construction sector.

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Airline stakeholders meet with Tourism Minister

Turkish Airlines and Nassau Flight Services held a meeting with Minister of Tourism Dionisio D’Aguilar last week at the Ministry’s offices. Pictured: (from left) Bradley Strachan, Air Transport Licensing board member; Ricardo Adderley, deputy chairman, Nassau Flight Services; Ricky Mackey, chairman, Nassau Flight Services; Michael Allen, chairman, Air Transport Licensing Board; Mustafa Kemal Kizilay, Turkish Airlines general manager; Minister D’Aguilar; Mehmet Cem Yazici, Turkish Airlines station manager; Jorge Alvarez, NAS Handling CEO; Carlos Edde, NAS Handling Commercial VP; and Ricardo Rolle, Nassau Flight Services general manager. (BIS Photo/Kemuel Stubbs)

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TheBahamasInvestor.com
Wednesday, September 5, 2018
Wednesday, September 5, 2018

Turkish Airlines and Nassau Flight Services held a meeting with Minister of Tourism Dionisio D’Aguilar August 30, 2018 at the Ministry’s offices.

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