Turnpage

Please visit our sponsors

RSS Feed
 

News & Press - Sep 23/20

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
CHTA: Tourism will rebound – video

The Caribbean Hotel and Tourism Association is hopeful that the region's tourism industry will rebound and "emerge stronger" once the current Coronavirus pandemic has passed, citing the sector's resilience to economic shocks. (Photo via CARPHA.org)

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, March 24, 2020
Tuesday, March 24, 2020

CTO CHTAThe Caribbean Hotel and Tourism Association (CHTA) is hopeful that the region’s tourism industry will rebound and “emerge stronger” once the current coronavirus pandemic has passed, citing the sector’s resilience to economic shocks.

In a joint statement CHTA CEO and director general Frank Comito and CHTA president Patricia Affonso-Dass said: “Despite the temporary dark clouds, the sun shines in the Caribbean and will continue to do so. As we come through this, the world will need the Caribbean to help it to heal.”

…continue >

IMF calls for ‘decisive’ action

The International Monetary Fund has warned the Caribbean region to prepare for negative growth and called for decisive actions by leaders to reduce the financial fallout from the Coronavirus crisis. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, March 24, 2020
Tuesday, March 24, 2020

The International Monetary Fund (IMF) has warned the Caribbean region to prepare for negative growth and called for decisive actions by leaders to reduce the financial fallout from the Coronavirus crisis.

“The recovery we were expecting a few months ago will not happen and a 2020 with negative growth is not an unlikely scenario,” said Alejandro Werner IMF’s Director of the Western Hemisphere Department.

…continue >

PM releases statement on death of Sir Sol Kerzner – PDF

In a statement released March 21 following the announcement of the death of Atlantis Paradise Island developer Sir Sol Kerzner, Prime Minister Dr Hubert Minnis called the South African hotel mogul a maverick businessman and pioneer. Read his full statement here. Pictured: Sol Kerzner attending a farewell reception for Kerzner International VP J Barrie Farrington at Atlantis Paradise Island January 21, 2013. (BIS Photo)

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, March 23, 2020
Monday, March 23, 2020

In a statement released March 21 following the announcement of the death of Atlantis Paradise Island developer Sir Sol Kerzner, Prime Minister Dr Hubert Minnis called the South African hotel mogul a maverick businessman and pioneer.

…continue >

BDB urges economic diversification – PDF

In light of the ongoing Covid-19 outbreak, the Bahamas Development Bank has urged The Bahamas to invest in agriculture, food production and alternative technologies to help diversify the economy. Read the full statement here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, March 23, 2020
Monday, March 23, 2020

In light of the ongoing Covid-19 outbreak, the Bahamas Development Bank (BDB) has urged The Bahamas to invest in agriculture, food production and alternative technologies to help diversify the economy.

…continue >

Baha Mar and Sandals have announced they will be closing in the next few days until further notice as a result of the coronavirus outbreak. Watch a ZNS Network news report here. 

Source:
Date:
Updated:
ZNS News
Monday, March 23, 2020
Monday, March 23, 2020

Continue to see videoBaha Mar and Sandals have announced they will be closing in the next few days until further notice as a result of the coronavirus outbreak.
…continue >

Hotel tycoon and former owner of Atlantis Paradise Island, Sir Sol Kerzner has died of cancer at the age of 84. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Saturday, March 21, 2020
Saturday, March 21, 2020

Sir Sol Kerzner

Pictured: Hotel tycoon and former owner of Atlantis Paradise Island, Sir Sol Kerzner. (Photo courtesy Atlantis Paradise Island)

Hotel tycoon and former owner of Atlantis Paradise Island, Sir Sol Kerzner has died of cancer at the age of 84.

Kerzner, who purchased the landmark Paradise Island property in 1994, passed away at his home in Cape Town, South Africa on Saturday night.

“Always a maverick, Kerzner was a titan of the hotel and resort industry who redefined the scale and scope of integrated destination resorts worldwide,” said Kerzner family spokesman Ian R Douglas.

A key player in The Bahamas’ tourism industry for many years, Kerzner took over the Paradise Island Resort from Merv Griffin’s Resorts International, expanding and transforming the bankrupt hotel and casino before re-opening as Atlantis, Paradise Island in 1998.

…continue >

PM announces precautionary measures – PDF

Prime Minister Dr Hubert Minnis yesterday announced precautionary measures to protect the Bahamian people from the further spread of the Covid-19 virus. Pictured: Prime Minister Dr Hubert Minnis makes a public statement on emergency measures to combat the Covid-19 outbreak March 19, 2020. Read his statement and a summary of the emergency measures here.(Photo courtesy BIS)

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, March 19, 2020
Thursday, March 19, 2020

Prime Minister Dr Hubert Minnis announced precautionary measures yesterday to protect the Bahamian people from the further spread of the COVID-19 virus.

…continue >

DPM: short-term economic impact of coronavirus inevitable

Speaking in the House of Assembly yesterday, Deputy Prime Minister and Minister of Finance Peter Turnquest said the Bahamian economy would not escape the fallout from the Covid-19 global health crisis, at least not in the short term. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, March 19, 2020
Thursday, March 19, 2020

Speaking in the House of Assembly yesterday, Deputy Prime Minister and Minister of Finance Peter Turnquest said the Bahamian economy would not escape the fallout from the Covid-19 global health crisis, at least not in the short term.

As he presented the Statement on the Fiscal and Economic Impact of Covid-19 in the House of Assembly March 18, DPM Turnquest explained that economic growth in the short term will be negatively affected by global and domestic developments, and an overall contraction in domestic short-term economic growth is inevitable.

…continue >

The Caribbean Association of Banks is calling for banks to review their business continuity plans and promote greater use of technology as the sector grapples with the economic repercussions of the current Coronavirus outbreak. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, March 17, 2020
Tuesday, March 17, 2020

Caribbean Association of BanksThe Caribbean Association of Banks (CAB) is calling for banks to review their business continuity plans and promote greater use of technology as the sector grapples with the economic repercussions of the current coronavirus outbreak.

“It is now evident that it will no longer be business as usual for the foreseeable future,” CAB said in a statement this week. “Given the pivotal role of banks and other financial institutions in the macroeconomic stabilisation of every economy, the time for preparation and other planning is now. It is imperative that consideration be given to measures that may be implemented to address the immediate to short-term impact of the pandemic.”

…continue >

The Ministry of Tourism and Aviation, and the Health Ministry have released updates on the coronavirus. Read the announcements here. 

Source:
Date:
Updated:
Ministry of Tourism and Aviation
Monday, March 16, 2020
Tuesday, March 17, 2020

…continue >

Older Posts >

< Newer Posts

The Bahamas Investor
Administrative Links
  


  © 2020 ETIENNE DUPUCH JR PUBLICATIONS LTD