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News & Press - Jun 16/19

 

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MOTA exhibits in China trade show

The Bahamas Ministry of Tourism and Aviation participated in ITB China 2019 in Shanghai last week as the Official Island Travel Partner. This was the first time The Bahamas has participated in China's B2B tourism industry exhibition, with a booth, speeches and fun interactive activities to promote the country. Pictured: Paul Strachan, Senior Director Canada. Bahamas Ministry of Tourism and Aviation brought remarks at the ITB Speech Center. (ITB Photo)

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Ministry of Tourism
Friday, May 24, 2019
Friday, May 24, 2019

On May 15th-17th, 2019, the Bahamas Ministry of Tourism and Aviation participated in ITB China 2019 in Shanghai. The Bahamas, which attended China’s B2B tourism industry exhibition for the first time this year, used its unique booth, enthusiastic speeches and fun interactive activities to show its audience the unique charm of the Caribbean country.

Paul Strachan, Senior Director Canada of Bahamas Ministry of Tourism and Aviation, delivered a keynote speech at the ITB Speech Center on “The Islands Of The Bahamas, The Perfect Island Travel Destination” and received great feedback.

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OPIC concludes regional tour

A high-level delegation from the Overseas Private Investment Corporation, which is the US government’s development finance institution, has concluded a trip to the Caribbean region to discuss opportunities for US investment in infrastructure, energy, water, and women’s economic empowerment. 

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TheBahamasInvestor.com
Friday, May 24, 2019
Friday, May 24, 2019

David Bohigian, acting president and chief executive officer of the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, has concluded travel to Haiti, Jamaica, the Dominican Republic, St. Lucia, and The Bahamas, where he led a high-level OPIC delegation to discuss opportunities for US investment in infrastructure, energy, water, and women’s economic empowerment.

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Bahamas tech firm gets SCB go-ahead

PO8, a Bahamian tech company tokenizing archaeological assets by issuing Non-Fungible Tokens (NFT) representing their value, recently received a No Action Letter from The Securities Commission of The Bahamas ahead of the company's Non-Fungible Token offering. The first letter of its kind for NFT offerings, it paves the way for PO8 to move forward with its planned offering in a compliant manner. 

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PO8
Thursday, May 23, 2019
Thursday, May 23, 2019

NASSAU, Bahamas, May 2019 /PRNewswire/ — PO8, a Bahamian tech company tokenizing archaeological assets by issuing Non-Fungible Tokens (NFT) representing their value, recently received a No Action Letter from The Securities Commission of The Bahamas ahead of the company’s Non-Fungible Token offering.

The first letter of its kind for NFT offerings, it paves the way for PO8 to move forward with their planned offering in a compliant manner.

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PM outlines national transformation plans

Prime Minister Dr Hubert Minnis outlined areas of transformation, including land reform, renewable energy and modernization of public services, in his third National Address for 2019, delivered May 20. Pictured: Prime Minister Dr Hubert Minnis. (BIS Photo/Yontalay Bowe)

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TheBahamasInvestor.com
Wednesday, May 22, 2019
Wednesday, May 22, 2019

Prime Minister Dr Hubert Minnis outlined areas of transformation, in his third National Address for 2019, delivered May 20.

This is the final in a series of reports in which he outlined land reform, renewable energy, healthcare and modernization of public services in a digital global world.

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Prime Minister Dr Hubert Minnis held "productive discussions" with senior officials of the US government agency Overseas Private Investment Corp and the US Embassy at the Office of the Prime Minister 20 May. 

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TheBahamasInvestor.com
Tuesday, May 21, 2019
Tuesday, May 21, 2019

PM discusses US investment

Pictured: Prime Minister Dr Hubert Minnis (right) meets with OPIC acting president and CEO David Bohigian at the Office of the Prime Minister, May 20, 2019. (BIS Photo/Yontalay Bowe)

Prime Minister Dr Hubert Minnis held “productive discussions” with senior officials of the Overseas Private Investment Corp (OPIC) and the US Embassy at the Office of the Prime Minister 20 May.

The visit by OPIC follows a meeting between US President Donald Trump and a group of Caribbean leaders in March, when a greater role for OPIC in the region was discussed, and the President committed to foster economic growth and strengthen security cooperation in the Caribbean region.

“We are encouraged by these talks and the possible opportunities it may present for The Bahamas, particularly in the areas of energy and entrepreneurship,” said Prime Minister Minnis following the meeting.

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PM to deliver 3rd national report today

Prime Minister Dr Hubert Minnis will deliver his third report to the nation on Monday 20 May, at 8pm. 

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TheBahamasInvestor.com
Monday, May 20, 2019
Monday, May 20, 2019

Prime Minister Dr Hubert Minnis will deliver his third report to the nation on Monday 20 May, at 8pm.

The prime-time address will be carried on television and radio and is the final in a series of reports of this kind for 2019. The reports are aimed at providing important updates and information to the people of The Bahamas on a range of issues.

In his third report, Prime Minister Minnis will update the public on matters related to land reform, the environment, energy reform, general infrastructure and digital transformation and modernization.

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Acting president and CEO of the US government’s development finance institution the Overseas Private Investment Corp will travel to The Bahamas, Jamaica, Haiti, the Dominican Republic, and St. Lucia May 19-22. 

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TheBahamasInvestor.com
Friday, May 17, 2019
Friday, May 17, 2019

Bahamas to host US investment delegationOverseas Private Investment Corp (OPIC), the US government’s development finance institution, acting president and chief executive officer David Bohigian will travel to The Bahamas, Jamaica, Haiti, the Dominican Republic, and St. Lucia May 19-22.

Bohigian is leading a high-level OPIC delegation to the Caribbean region to explore investment opportunities in energy and other critical sectors, as well as strengthen relationships with countries that are key partners in fostering stability and security in the Western Hemisphere.

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NAD begins demolition of old terminal at LPIA

Nassau Airport Development Co began a phased demolition of the former domestic and international terminal building at Lynden Pindling International Airport last week. The work is scheduled to take around 10 weeks. 

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TheBahamasInvestor.com
Thursday, May 16, 2019
Thursday, May 16, 2019

Nassau Airport Development Company (NAD) began a phased demolition of the former domestic and international terminal building at Lynden Pindling International Airport (LPIA) last week.

NAD’s maintenance and engineering department is spearheading the project and estimates a 10-week timeline for the initiative.

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Minister of Financial Services Brent Symonette delivered welcome remarks yesterday to delegates attending the 20th Anniversary STEP Conference, a forum for stakeholders in the financial sector. The two-day event, held under the theme Mind the Gap: Future-Proofing IFCs, is taking place at Baha Mar resort in The Bahamas. 

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TheBahamasInvestor.com
Tuesday, May 14, 2019
Thursday, May 16, 2019

FS Minister opens STEP conferenceMinister of Financial Services, Trade and Industry and Immigration Brent Symonette delivered welcome remarks yesterday to delegates attending the 20th Anniversary Society of Trust and Estate Practitioners (STEP) Conference, a forum for stakeholders in the financial sector.

The two-day event, held under the theme Mind the Gap: Future-Proofing IFCs, is taking place at Baha Mar resort.

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Bahamas reports 1.6 per cent real growth – PDF

The National Accounts Section of the Department of Statistics has released the Annual Gross Domestic Product report for 2018 as compiled by the Production and Expenditure Approaches at the Department, May 13, 2019. 

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TheBahamasInvestor.com
Tuesday, May 14, 2019
Tuesday, May 14, 2019

The National Accounts Section of the Department of Statistics has released the Annual Gross Domestic Product report for 2018 as compiled by the Production and Expenditure Approaches at the Department, May 13, 2019.


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