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News & Press - Jan 20/19

 

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PM meets with EU tax chief

Prime Minister Dr Hubert Minnis and his delegation met with Stephen Quest, Director General of the Directorate Generale for Taxation and Customs Union of the European Commission, and senior members of his team January 15, 2019, in Brussels. Pictured: (from left) Stephen Coakley Wells, advisor to the Minister of Finance; Attorney General Carl Bethel; Prime Minister Minnis; and Viana Gardiner, COO, PMDU. (Photo courtesy BIS)

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TheBahamasInvestor.com
Wednesday, January 16, 2019
Wednesday, January 16, 2019

Prime Minister Dr Hubert Minnis and his delegation met with Stephen Quest, Director General of the Directorate Generale for Taxation and Customs Union of the European Commission, and senior members of his team January 15, 2019, in Brussels.

The Directorate Generale is responsible for the implementation of taxation policy in the European Union.

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IDB taps PO8 as Best Blockchain Company

PO8, the award-winning Bahamian tech company, was recently selected as the winner of the Creative Business Cup Award from a pool of over 250 tech companies competing in Santiago, Chile. Read about their achievement here. 

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TheBahamasInvestor.com
Tuesday, January 15, 2019
Tuesday, January 15, 2019

FREEPORT, Bahamas, January 2019 /PRNewswire/ — PO8, the award-winning Bahamian tech company is leading the charge in ocean impact and asset management with blockchain solutions. Selected from a pool of over 250 tech companies competing at Demand Solutions 2018 in Santiago, Chile, PO8’s innovative and impact driven solutions earned them the Creative Business Cup Award, a first for the Caribbean. “This achievement demonstrates the significant potential of the innovation ecosystem in The Bahamas and highlights the creativity of Bahamian entrepreneurs,” said Mikia Carter with the IDB Lab in The Bahamas.

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LPIA operator seeks hotelier

Officials at the Nassau Airport Development Co are seeking proponents to design, finance, construct and operate an on-site hotel at Lynden Pindling International Airport. (Photo courtesy NAD)

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TheBahamasInvestor.com
Tuesday, January 15, 2019
Tuesday, January 15, 2019

Officials at the Nassau Airport Development Co (NAD) are seeking proponents to design, finance, construct and operate an on-site hotel at Lynden Pindling International Airport.

On January 21, the company will issue a Request for Proposal (RFP) document outlining details required to bid on the proposed airport hotel project. Final proposal submissions will be due May 24, 2019.

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DPM highlights fiscal reform

Deputy Prime Minister and Minister of Finance Peter Turnquest reflected on the changes made by the Finance Ministry in 2018, as well as those on the horizon, during a Leadership Symposium hosted by the Public Treasury Department for Accounting Heads and Finance & Accounting Officers last week. Pictured: Minister Turnquest speaking at the symposium January 11. (Photo courtesy BIS)

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TheBahamasInvestor.com
Monday, January 14, 2019
Monday, January 14, 2019

Deputy Prime Minister and Minister of Finance Peter Turnquest reflected on the changes made by the Finance Ministry in 2018, as well as those on the horizon, during a Leadership Symposium hosted by the Public Treasury Department for Accounting Heads and Finance and Accounting Officers.

“I am thinking of Fiscal Responsibility Legislation, in particular. The Fiscal Responsibly Act, 2018, is a great metaphor for the changes because it stands for a new era of transparency, accountability, inclusivity, stability and forward planning,” DPM Turnquest said January 11 event held at the British Colonial Hilton.

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PM to focus on financial services on trip to EU

Prime Minister Dr Hubert Minnis will travel to Brussels, Belgium, today to hold bilateral talks with high-ranking officials of the European Commission. The Prime Minister will be promoting recent initiatives by the government in the financial services sector. 

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TheBahamasInvestor.com
Monday, January 14, 2019
Monday, January 14, 2019

Prime Minister Dr Hubert Minnis will travel to Brussels, Belgium, today to hold bilateral talks with high-ranking officials of the European Commission.

Discussions will focus on matters relating to the fulfilment by The Bahamas of its commitments to the EU, and how those commitments will be implemented by the financial services sector of The Bahamas.

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The Bahamas Ministry of Tourism and Aviation’s Airlift Team took the opportunity to meet with American Airlines executives recently in Nassau. 

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TheBahamasInvestor.com
Friday, January 11, 2019
Friday, January 11, 2019

American AirlinesThe Bahamas Ministry of Tourism and Aviation’s Airlift Team took the opportunity to meet with American Airlines’s newly appointed senior regional manager – Caribbean, Wellesley Joseph and Caroline Hollingsworth, AA’s Bahamas country manager, in Nassau.

The group met to discuss key issues affecting the partnership between AA and The Bahamas, not the least of which is the enhancement of the customer experience.

“AA is a very solid leader and committed airline partner to The Bahamas,” said Tyrone Sawyer, senior director – airlift at the Ministry of Tourism (pictured).

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Happy Majority Rule Day in The Bahamas

The Bahamas is today celebrating a national holiday to commemorate The Bahamas gaining majority rule for the first time on January 10, 1967. The Bahamas Investor would like to wish everyone a pleasant and peaceful day off. Posts will resume January 11. 

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TheBahamasInvestor.com
Thursday, January 10, 2019
Thursday, January 10, 2019

The Bahamas is today celebrating a national holiday to commemorate The Bahamas gaining majority rule for the first time on January 10, 1967.

To mark the achievements and sacrifices made by Bahamian men and women to create an independent sovereign country, January 10 is a public holiday in The Bahamas.

The Bahamas Investor would like to wish everyone a pleasant and peaceful day off. Posts will resume January 11.

Arbitration and Investment Summit heading to Nassau

The 7th Annual Arbitration and Investment Summit will be held January 25, 2019 at The Baha Mar Convention Centre. 

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TheBahamasInvestor.com
Wednesday, January 9, 2019
Wednesday, January 9, 2019

The 7th Annual Arbitration and Investment Summit will be held January 25, 2019 at The Baha Mar Convention Centre.

Speakers at the event include the Hon Sir Dennis Byron. Former president if the Caribbean Court of Justice, President of the Commonwealth Judicial Education Institute (CJEI); the Honourable Barry Leon, Arbitrator and Mediator, former BVI Commercial Court Judge; Annette Magnusson, Secretary General at the Arbitration Institute of Stockholm Sweden; …continue >

Baleària to operate faster ferry to Freeport from Florida – video

The shipping company Baleària Caribbean will be adding the fast ferry Jaume II to the route between Fort Lauderdale and Freeport, Grand Bahama to replace the Jaume I as of mid-January. 

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TheBahamasInvestor.com
Tuesday, January 8, 2019
Tuesday, January 8, 2019

The shipping company Baleària Caribbean will be adding the fast ferry Jaume II to the route between Fort Lauderdale and Freeport, Grand Bahama to replace the Jaume I as of mid-January. Jaume II was re-engined in 2017 for greater energy efficiency and service reliability as well as a higher speed. This fast ferry sails at 35 knots and will complete the route in two and a half hours. The first trip will be during this month, departing at 8 a.m. from the Fort Lauderdale port for Freeport.

The ‘Jaume II’, which will replace the ‘Jaume I’, also has a similar capacity at 600 passengers and can sail at a speed of 35 knots.

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Government pushes forward business reforms – PDF

The Ministry of Finance has issued two press releases concerning the introduction of provisional business licenses in the New Year and the opening of the Department of Inland Revenue Client Services Centre on Saturdays for the month of January. Read the announcements here. 

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TheBahamasInvestor.com
Monday, January 7, 2019
Tuesday, January 8, 2019

The Ministry of Finance will roll out a provisional business license in the New Year to significantly reduce the time it takes to start a new business. This addition was approved by Parliament during the 2018/2019 budget exercise, and will be implemented by the Department of Inland Revenue in the first quarter of 2019.

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